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Thursday, November 13, 2014 10:25:21 AM
PD and I spent an extra two hours with him after the meeting. The first hour with Patrick Ko present which included lunch, the last with just the two of us, Kewa and Mr. Hu. I can assure you his attitude is rapidly changing toward what is needed from the US public company side. Amazingly, Ko's attitude was also in synch that KNDI has now grown well beyond any future services that his firm can provide and seems to sincerely claim he is very content in the matriculation of KNDI into that of a serious "Wall Street Darling" and was only at the meeting as a "proud" shareholder expecting to make a "fortune many times whatever fees he received in the past from his sizable share position".
I think what investors here need to understand is that this meeting was hurriedly put together after Mr. Hu was "tapped" by the Government contingent to come to the states to investigate Tesla. The last thing Mr. Hu needed was to be away from Hangzhou at this time of the year, but as he said; "When they asked me to join them, I could not say no." (stands to reason since he is the PRC "expert" in EV's going back to the 863 Project in 2002). According to Kewa, it was Mr. Hu's idea to just do a small "Meet & Greet" with any shareholder or analyst that might want to meet with him while on this other visit. His intention for an actual Analyst SH day was to have it in NY after the first of the year. That is the main reason why he didn't bring along his CFO. Secondarily likely due to the statement he made about bringing in a more US oriented new CFO in the near future.
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