And a big fat ZERO for the number of cities with a Kandi Service Center. Hmmmm. Why don't they have a Service Center? Well, they don't need one because they don't have one single customer, and they don't have a single customer because they don't have a service center. It's a vicious cycle.
Vandals have stolen the handle. Pumpers will give up after a few more wash trades and it will resume its inexorable slide. Nobody believes sales figures from a company that can't identify one single customer or the address of a service center when they can take the EV for its 20-mile service checkup.
Geely took a 17% percent haircut on the news and made the list of "top 20 losers" on the Hong Kong Stock Exchange. Kandi and Geely make a very good team.
In summary, you didn't know if it would go up or down today but the 9% drop agrees with your charts. You don't know if it will go up or down tomorrow, or even stay the same, but whatever happens will be in full conformity with your charts.
Nothing says "business acumen" quite like opening a new factory when you can't find a buyer for the EV already being produced. Or adding to the JV when your JV partner will NOT be adding to the JV. However, than money needs to be placed as far as possible from the hands of the SEC before they shut the scam down.
Based on the currently available information, the Board wishes to inform the Shareholders and
potential investors that after the inclusion of unrealized foreign exchange loss arising from the
Company’s operations in Russia, the amount of the Net Profit for the year ending 31 December
2014 is expected to decrease by approximately 50%, as compared with the amount of the Net
Profit of RMB2,663.1 million for the year ended 31 December 2013.
Shareholders and potential investors are advised to exercise caution when dealing in the
shares of the Company
What do you mean you can't locate shares? More that a million are traded nearly every day, and each day less than the day before. I can understand about you not being stupid enough to buy puts, that might actually make you some money. Instead of selling 17 strike call options you would be much better off selling the underlying shares, as I don't think there are many dreamers left out there interested in purchasing $17 call options. Not even for a penny each.
I have no horse in this race and I couldn't care less what happens next. It is a scam and it is only a matter of when, not if, it's going to implode. I have not seen your charts, nor do I care to see them, but I do understand regression analysis quite well and that would be the base for your forecasting charts even if you don't know what it is. The stock price is a reflection of dependent variables that were accepted as being true and reasonably accurate. Once the truth becomes known, the past performance which was based on a litany of lies is of no use in predicting the future stock price.
Don't you think that it's about time to throw away your stupid charts? Kandi is a scam and has been since the first day they were allowed to trade. Their sales, reports of subsidies from the Chinese government, and every other number they have produced is made up just like a Bernie Madoff portfolio.
"Kandi's existing battery suppliers can no longer meet the demand." Does this really mean battery supplier will no longer ship batteries without payment?
According to Tianneng Power filings with Hong Kong Exchange they had turnover of $85M RMB for lithium battery products and over $6 billion RMB for lead-acid batteries for the first six months of 2014.
According to another voluntary disclosure or press release, they opened their new lithium battery production line on October 16, 2014. How can Kandi call this a proven product?
Surprise! Surprise! Kandi has found another willing Chinese "partner" from whom they will purchase RMB 260M of lithium batteries, when the same supplier had total sales of RMB 123M of lithium batteries in all of 2013.
I'm not interested in buying your shares justfacts40, but maybe Jack Perkowski is looking for some $12 shares to add to those that he purchased at $14 and $16 and $18 and $20 and $22.
Maybe you should try reading Kandi's filings with the SEC instead of depending on the private board for ALL of your information.
We contracted a qualified third party to provide repair and maintenance services for the 1,620 Kandi 7001 series EV sedans we have sold. The total price of this service is $3,176,080, which will be amortized over three years.
Looks like the Kandi 7001 EV is a very reliable car. lol.
Whoops. False alarm. Despite Kandi having "sold" more than 7000 EV in the first nine months of this year, and thousands more over the last three years, neither Jack Perkowski, Tom Konrad, nor any of the private groups who went on pimp tours to Kandi can produce one single picture of a Kandi customer standing next to their vehicle.
Nowhere on the internet is there to be found one single picture of a Kandi vehicle at a service center. No quotes from a single mechanic who has serviced a Kandi vehicle. No happy stories from customers about how the Kandi EV has changed their lives.
Sales documents prepared by Deutsche Bank revealed that while Forbes is seeking price of over $400M, the 2012 EBITDA was only $15M. Forbes sold a majority of itself to Asian investor group Integrated Whale Media Investments in July of 2014.
The title is "How Wal-Mart Made Its Crumbling China Business Look So Good for So Long", and it looks like Kandi used more than a few pages from their textbook.
Did anyone read the recent Bloomberg article on Walmart's sales practices in China? It was based on interviews with 4 high-level ex-managers. My favourite quote was "“There is a general flexibility on ethics” in China, Lin said in an interview.