Well to date that would mean the JV had received exactly 0 (nothing) for the 7,000 EVs sold. Why? Because if they owe KNDI $52M then they owe Geely 52M which means they owe $104,000,000. 104M divided by 7000 equals about $15,000 which is what the Panda (our most expensive model) sells for.
From the 10Q of August...
Yes...but who is Nanjing Shangtong Auto Technologies Co., Ltd.?
A Kandi supplier for building assembly plants.
Isn't it a bit odd that we pay 52M in advance to a name that has no record of existence? A supplier for building assembly plants. That is not a small construction plan. As a shareholder these are the things I find disconcerting with Kandi. If they were an American company there is no way they would get away with this lack of transparency. $52,000,000 paid in advance to a company with no record of existence who will be in charge of developing an assembly plant. This is just peachy with you...so you don't mind if I just discount your thoughts as a typical pumper with zero accountability.
I've only been shouting this for days...weeks, even months. Numbers in the 10Q which leave a reader wondering. Like...how did they collect 24K per EV when Mr. Hu stated they would be collecting $6000 and $9600 WITHOUT BATTERIES for the two models currently being sold. If you add in the batteries which at most is $5,000 per EV you are left with $9,000 per EV extra revenue. Now that is great, but how can this occur without explanation? This leads to the question of how does ZZY afford this extra cost when the subsidies come nowhere close to covering them?
Pumpers here jump and shout over the 300% increase in NET income...yet that is due mostly because of derivative changes in the warrants (stock is worth less now than at issue).
$50+ Million owed to us from the JV...why? Not explained.
There is more...but I won't bother because none of you comprehend what I say. I conclude this because there is the same..."WHY IS THE STOCK DOWN!"
Doesn't matter what I say...it's all about manipulation isn't it?
Because the red flags THAT HAVE BEEN SCREAMING ABOUT have not been explained. It's all there in the 10Q...those red flags that are not explained. In the US equity markets its called TRANSPARENCY!
WHAT MORE DO I HAVE TO DO TO REACH YOU PEOPLE?
Much of this stocks volatility derives from the opaqueness of it's financial reporting. It's BS to exclaim flip flopping stock is the way to make large gains investing. Flip-floppers of AAPL would have been left crying in their attempts to time their entries and exits. Internet traders never lose....
I find the empty screaming pumpers more disgusting than any short as they are much more damaging to the image of this company. If they indeed are paid, then they need to be fired ASAP. Better to work for the shorts and scream their inanity...at least they will be earning their pennies from the source that matches their efforts. Yesterday was especially disturbing...
Given 10Q just released, SF meeting yesterday where nothing was resolved concerning financial transparency I see KNDI closing the gap at 10. whatever. I hold a fraction of what I once did and will look for re-entry 30% cheaper than we are now.
Don't know why I bother to post that here...this board is a comic book without much humor.
lol...those are essentially the same slides with a little more color this time. This company is really kinda scary to me right now...thus my near total liquidation. Nobody bothers to ask the hard questions...wth kind of way to hold an investment to the flame is that?
You really should get another job...you suck at this one. Only effect you could possibly have is insuring any prospective buyer to run for the exit. Come across as a desperate used condom salesman.
I just don't understand how they can release a Q like that with numbers unexplained and have nobody question those numbers. The longs in this stock are sick people...that or simply paid shills.
52 Million owed us from the JV. Why when they are profitable according to the Q? Shhhh....don't ask.
24k miraculous dollars for each EV sold...how? Shhhhh...we told you 11-15k a year ago, but don't ask now.
This is not a healthy look for longs to have this kind of amateur scurry an hour before a presentation. Who are these tools? Would hate to think Kandi would actually pay for this kind of shyt...
All true, yet look at the clowns give you red thumbs for pointing it out...then make up another account name to bombard the board with LOOK OUT SHORTY!
As if it makes a difference. One click and they are gone...poof!
I called and after the endless rings a message came up that both my local and national centers were receiving a high number of calls.
anyway...put in my buys under $15 and they all triggered.
I'm loaded for Bull
Can't find an 8K anywhere...not Edgars, Nasdaq, nor my Scottrade streamer
a link would be appreciated