Kandi CEO respons by tomorrow - Pearson will be probably sued and
he'll have also to apologize .
Wait for KNDI CEO and law advisor reply to this ridiculous article which has just one propose : to s**t on KNDI as company and on his stock holders .
None of the complains of Pearson on this article were been proven as true.
China, struggling to cope with worsening smog problems as roads in Shanghai and Beijing become choked with traffic, plans new restrictions on vehicle sales in some key cities.
Such limits are already in place in four major cities, and eight others will be added to the list, according to reports published Thursday by China's state media. It's not clear if the expanded list will make exceptions for those buying lower-polluting battery cars, as has been the case in the past.
China is now the world's largest automotive market, but the rapid growth—which neared triple digits during parts of the past decade and was running at over 9 percent on an annualized basis during the first half of 2013—has come at a cost.
he also suggests the lender Capital is running the stock down and further infers KNDI will go the way of another co that did not pay its debts and was delisted: "The key point to take away from these deals is that Capital is a predatory financier that profits by getting into extremely cheap deals from companies who are desperate enough to offer them terms. Capital profits by selling these cheaply acquired stocks on the way down, not by picking winners who are about to go up. This is what explains the tremendous warrant coverage and the $4.37 effective purchase price that Kandi gave up to these investors.
Additional examples are numerous and can be found by viewing the filings.
Capital's only other Chinese investment was in China Medicine Corp. This company ended up defaulting on its debts and being delisted to the pink sheets. It subsequently conducted a voluntary withdrawal from the pink sheets and is no longer traded. "