The Company has been furnishing documents to the Denver Regional Office of the Securities and Exchange Commission in response to a document subpoena issued on November 21, 2013 regarding a matter known as In the Matter of Kandi Technologies Group, Inc. As indicated in the subpoena, the investigation is a fact-finding inquiry and does not mean that the Company or anyone has broken the law. The Company has cooperated, and is cooperating fully, with the SEC in this matter and will continue to supply the SEC with whatever additional information and material that is requested. The Company does not have any information, at present, as to the duration or outcome of this investigation. The Company does not anticipate a negative result.
Investigations are performed all the time by the SEC... Kandi management does not anticipate a negative result.
I am doing a lot of due diligence on this very matter. My attorney submitted an official inquiry to the SEC and we will push for news or the nature of the investigation. Meanwhile, from the feedback I have been getting unofficially - it appears that the outcome of the investigation will not negatively impact the company.