Look what you post gave birth to after 9 months.
maybei_shouldtry_this • Aug 11, 2014 7:09 PM
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sailbad2011 smoke to much crack and brain damage causes bad judgement. Beginning September 1st you will witness fleet orders of massive size. No sales tax, State subsidies and likely local Hangzhou subsidies will effective by then also. Large companies, Universities, Municipals, and communities will being buying hundreds at a time. You will see why advances to suppliers were paid, you will see why the recent build up in inventory was necessary to meet the surge of orders about to take place. You will see why the largest auto company in China wanted to be their partner. You will see why Mr. is very politically connected in China and he is the favorite son. How many vehicles can they sale when the government pays for practically all the cost. Oh yes my ignorant short fool, you see this stock price over 400.00 within two years. This is the just the beginning. Stay tunned. lol
They owe Zhejiang Tianneng Energy Technology $14 million which has not yet hit accounts payable.
They owe Zhejiang Xinneng Automotive Systems $11.7 million.
They owe Shandong Henyuan New Energy Tech, a company once funded by Geely, $14 million.
They owe Dongguan Chuangming Battery Technology $5.5 million.
They owe Zhongju (Tianjin) New Energy Investment $11 million.
So Kandi owes their battery suppliers over $55 million and they only have $15 million in cash on hand. The $26 million of inventory isn’t going to amount to very much sales this quarter if they don’t sell a bundle of shares to pay some of the suppliers of batteries which is their only source of revenue.
Not only do they sell in just one country, they also sell to just one customer, themselves. However, it's hard to understand why they scored less than 100% in a recent customer satisfaction survey.
Kandi has over 500 analysts. They are all on the private board and today's topic, which has been the topic for months, is "Why is the share price falling?".
Well, maybe just the kandi shareholders were shocked.
In 2014 Hu said that Kandi would shock the world in 2015. By the JV delivering only 1670 EV in the first quarter of 2015 he has "shocked" even his staunchest supporters speechless. This is taking into consideration that the "customer" these were delivered to didn't even have to pay for them. Rentals must really be bad when the rental company (ZZY) says 1670 EV are quite enough! Q2 he will deliver the "shocking" knockout blow.
...is about as low as anyone could expect for third-world debt. But ZZY is getting their stuff for one-tenth of a penny on the dollar.
The Service Company is a 19% investment of the JV Company, and the Company indirectly has a 9.5% economic interest in it. For the first quarter of 2015, the Company sold $13,966,780 EV parts to the Service Company. The balance due from it was $13,953,079.
As of December 31, 2014, the Company had credit lines from commercial banks of $42,739,904, of which $35,589,502 was used as of December 31, 2014.
As of March 31, 2015, the Company had credit lines from commercial banks of $42,073,678, all of which was used as of March 31, 2015.
In Q4 of 2014 sales were $53 million so sales are down $10 million from the previous quarter.
In Q3 of 2014 sales were $44 million and eps was $0.31 so you really have to drink a look of kool-aide from the private board to be able to see Kandi as improving.
The number of shares of common stock outstanding as of March 9, 2015 was 46,284,855.
As of May 5, 2015, the registrant had issued and outstanding 46,834,855 shares of common stock, par value $0.001 per share.
So Hu only issued 550,000 shares in the last two months. Of course, after letting you know this he will then issue shares to himself for his year-end bonus.
Conference calls are a means by which public companies can answer questions from financial analysts that follow the company and at the same time avoid the risk of violating fair disclosure (FD) rules.
Kandi has no financial analyst following, so they will offer up a dog and pony show where they will be "asked" the questions that Hu has already sent to Porcari and his cohorts.
No, you have never divulged the exact number of shares that you have, but in numerous instances you claim that it is "many".
Selling PUTS instead of CALLS when the price is declining is consistent with your belief that you will retire when it reaches $35.
justfacts40, if you have as many shares as you claim, then you should be selling out of the money CALLS every month. I doubt that you have to worry about Kandi's price suddenly surging and then you having to sell the underlying shares at $14.
You must be some sort of certified financial genius (CFG instead of CFA) to purchase the right to buy shares at $14 next month when they are available for $12 today.
Even the new CFO was proud to file his Form 3 to state unequivocally that he owns no shares in Kandi. And he did have more than 6 weeks from his being appointed to taking up his post to get himself on the honey train.