From D1EV news.
" The new energy strategy Geely itself developed - blue Geely action plan does not contain known beans and Condi joint venture. "We want to concentrate on the blue Geely action plan well, the full implementation of the good. Other new energy automotive business will be spun off."
Porcari has contacted the SEC about the missing 600,000 shares, but the SEC decided instead to issue letters of reprimand to both Porcari and Azbo for not filing a Form SC-13D after purchasing more than 5% of Kandi outstanding shares on the open market.
A preliminary count would indicate that some 75 individuals on the private board each own more than 5% of the company.
No. Puts and Calls have an expiry date. The June Puts have now expired and if there are any that were NOT exercised, then the holder lost their money. Actually, most Calls and Puts expire without being exercised. The reason for that is the person writing the Calls and Puts only do so as a hedge against a rapid rise or fall in the stock price.
The September Puts are a whole new set of bets that the price will fall. Obviously the owner of the underlying shares is hoping that it will not fall and he/she gets to keep the money as the Puts expire without being exercised by the purchaser.
Go back to the kool-aid board and ask Porcari to give you his spin on the following facts:
1. For every Put that exists, the person who wrote the Put owned 100 shares of Kandi.
2. When the purchaser of a Put decides to exercise that Put, the person who owns the underlying stock and who wrote the Put has to deliver the shares.
3. The rules don't change depending on the number of Puts written.
Now maybe Porcari will sing you a tune about shorts writing "naked" Puts, so ask yourself why would someone write naked puts instead of just naked shorting the shares?
I believe it must be some sort of Kandi stock equinox in the part of Texas where the pink sheet pimp Porcari lives.
I can certainly see a big difference in trading over what happened during the last year. Anyone else see it?
Hengxiang Tech would probably take one million under the same conditions as those "sold" to Kandi's subsidiary ZZY (in which Kandi's CEO owns 13%), and that is basically:
1. No payment for first year. Kandi carries total cost of sales on their A/R.
2. After one year, A/R is converted to Note Payable, and customer doesn't pay anything for one year.
After Kandi goes bankrupt, customer has the option to return the EV
If you take the time to consider that not a single one of Kandi's customers have ever purchased anything from any other EV supplier, then the potential is there to increase their sales ten fold every year. In fact, other than the JV purchasing from Geely, none of Kandi's customers have ever purchased anything from any other company.
The only thing holding Kandi back is their inability to find an investor to purchase their shares so that they would then have money to make more product to sell to themselves.
Are you some sort of one trick pony? What sort of theorem do you have that only works at 5.05? Surely your extensive research will enable you to extrapolate that theorem and make a fortune at 7.05 as well?
I would say that it is time for you to buy chasen. You have convinced yourself, now just buy the shares and see how that works out.
Duties include light housekeeping at Hu's villa in the south of... pick a country outside of China.
The date on the letter was July 20, 2012. All there in the SEC filings for anyone to read.
In 2012 Kandi received a Letter of Intent (LOI) from State Grid to purchase 20,000 EV from Kandi. How did that turn out? But the summer of 2012 was a busy one:
1. Announcement of 20,000 EV sale.
2. Hu purchased Yonkang Scrou from himself for $12 million.
3. SEC told Kandi that AW&C were crooks and they had to state that in their filings. lol. And today we see that to be true. Excerpt from message to Kandi dated 7/20/16 below:
After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.
1. As a public company, your auditor is required by law to undergo regular, Public Company Accounting Oversight Board (PCAOB) inspections to assess its compliance with U.S. law and professional standards in connection with its audits of financial statements filed with the SEC. The PCAOB, however, is currently unable to inspect the audit work and practices of your auditor. As a result, investors in U.S. markets who rely on your auditor’s audit reports are deprived of the benefits of PCAOB inspections of auditors. Please state this fact under a separate risk factor heading. Explain that this lack of inspection prevents the PCAOB from regularly evaluating your auditor’s audits and its quality control procedures.