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Kandi Technolgies Group, Inc. Message Board

  • rushnew rushnew Aug 14, 2013 11:42 AM Flag

    KNDI Didn't lose money. Stop bashing you criminals. Paid bashers purposedly trying to bring the price down

    everyone do your dd. there are paid bashers on this forum. FACT

    Sentiment: Hold

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    • put on block.

    • oh my, instead of refuting the fact that the company showed a negative bottom line over the past quarter you will just come out with a good ole one liner and call me a paid basher.... just can't bear the facts the company lost money, right?

      • 1 Reply to sygnett12
      • You, are quite right. The company lost money by GAAP accounting standards, and that is the required standard by which all report. It was not an operational loss. The performance of the company improved significantly year over year. Fact is there are a boatload of warrants out there giving certain investors the right to buy KNDI at a fixed price. The value of those warrants represents the buying advantage those investors have over you and I. That value is appropriately charged against earnings each quarter based on the stock price on the last trading day of the quarter. The more KNDI goes up, the greater the charge against earnings. Fact is KNDI ended q2 at $5.62 per share, while it began the quarter at $3.88. Should q3 end with the stock price valued at $3.88 then the value of the warrants decrease in value during q3 by the same amount they increased in q2. This means earnings would be positively impacted by the same amount they were negatively impacted in the prior quarter. The only real problem I have with GAAP accounting is that it confuses the average investor and they buy or sell the stock at the wrong time because they don't understand the reality of the company's underlying performance and true value. KNDI had a good earnings report, but they reported a loss. It's difficult to wrap ones mind around those conflicting facts. The company will actually benefit as those warrants are exercised as it will bring more money into the company. Exercising a warrant means buying a share, albeit at a reduced price. The stockholders are temporarily harmed, but the company benefits. Eventually the stockholder also benefits as long as the company uses the money to grow revenues and earnings.

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