Thanks- With NCTY market cap so low if we can get any value out funbox or anything ha the stock will fly.
Everybody says HU is very rich. The way to end the shorts and get a deal is HU buying say 5 million shares from the company . this would raise the company money and shorts would implode and it frankly show his belief in the company. The decline in KNDI is all the pipe deals with weak firms who dumped all their shares in the market and KNDI has done many of them. This is what attracts the shorts. Look at SINA today- look at what CEO of tsla insider purchase. KNDI pipe deals have been shady which attracts shorts.
whats the good news? Reverse split? Negative equity? Borrow money that will be lost and hopefully gridsense makes money next year?
They have to july 13th to be over 1$ then they will be delisted- you can submit a plan but its usually a reverse split plan. the plan is not we are hoping to do a better.
How about 2.5 million net equity- Looks like the company will be under that next quarter? have you seen the trend in net equity of this company ?ha
i hope it goes higher for you but i would look at a trade-lets be realistic the company took on 5 million in debt to fund a business that looks bad plus you have high delisting-reverse split risk. i would be upbeat if they brought in a new CEO-moore has zero credibility- sold all their money losing assets and kept DSI . Gridsense is a money losing joke for years.
you can look at all his past transcripts from past calls and he has zero clue about about making future predictions. that's a fact. Also, their high probability the company gets delisted or does a reverse split this year.