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The Pos Scam has Non-Transparent ENDLESS Rapid & Heavy diluting history which is Very Bad for all the shareholders! Also it has the REPEATED Huge R/S Bad Record!
Very soon the OS will be over 100M shares again before the coming 1: 100 Huge R/S...
The Final Bottom before the next Huge R/S will be around $0.05!
New 52-week-low $1.2 was just created today! The current OS count must be Very Large now (comparing to the old OS number right after 1:60 Huge R/S) considering the On-Going ENDLESS FREE share's Rapid & Huge dilutions and the Fast price Crash!
We should see $0.xx as soon as this Thursday... Sell ASAP before it is too late since KXIN will hit $0.06 ~ $0.0636 again!
I'm very happy to have shorted 100K shares at the Highly-Inflated price levels $2.5 ~ $2.4 today! I may cover some of them at $0.06 ~ $0.0636 which were the bottom price area before 1:60 Huge R/S!
Super Heavy And Very Fast ENDLESS dilutions will crash KXIN down to $0.06xx again in the coming weeks/months...
kxin................................https://stockcharts.com/h-sc/ui?s=kxin&p=W&b=5&g=0&id=p86431144783
$2.29+ 50%
kxin........................https://stockcharts.com/h-sc/ui?s=kxin&p=W&b=5&g=0&id=p86431144783
$KXIN share consolidation of its ordinary shares at a ratio of 1-for-60, effective on October 25, 2024 -- Dilution !
KXIN...........................................https://stockcharts.com/h-sc/ui?s=KXIN&p=W&b=5&g=0&id=p86431144783
What happened to your pump?
Looks like it was a 2 day pump that resulted in big losses for anyone who bought in the 5s or 4s.
$5.50 + 90% cash those chips in again. Will be back on the next pump
KXIN time for a pump $4.64 + 60%
Since 2020, the company has lost
99% of its value. The R/S helps keep it on the Naz. There is a backlog of years of EV vehicles for sale in China. They do not have the electric infrastructure.
Wrong. 1 for 60, not 60 for 1.
I'm here and am going to ride this to the moon.
They increased the R/S from 50 to 1 to 60 to 1.This is the beginning of the end for this stock.Good luck and good trading.
KXIN .1850 + 15% has a heartbeat again sells domestic and imported vehicles in China
Chinese Banks and Real Estatw markets crashing again. Stimulus won’t b help
KXIN is showing strength.
Its MACD is above the signal line and shares are presently 9.5% above the 200-day moving average.
The company is climbing back.
Today's volume was heavier than usual, trading 160,329,601 shares, versus an average of 9,396,065 shares per day during the last twelve months. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
First Half 2023 Results
- Total net revenues were US$18.9 million, representing a decrease of 43% from US$33.3 million in the first half of 2022. The revenue decrease was mainly due to the Company’s used-car sales decline.
- Cost of revenues was US$18.7 million, compared to that of US$33.1 million in the first half of 2022. The decrease in cost of revenues was in line with the decrease in revenues.
- Gross profit was US$0.2 million, keeping stable with that of US$0.2 million in the first half of 2022.
- Operating expenses were US$4.2 million, significantly lower than that of US$33.0 million in the first half of 2022. The difference in operating expenses between the two periods was largely due to the $29.9 million share-based compensation
expense recognized in the first half of 2022.
- Selling and marketing expenses were US$257 thousand, compared to $334 thousand in the first half of 2022.
- General and administrative expenses were US$4.0 million, compared to that of US$32.7 million in the first half of 2022. The decrease was primarily due to the large amount of share-based compensation expense recognized from vesting
employee stock incentive awards in the first half of 2022.
- Loss from operations was US$4.1 million, compared with a loss of US$32.8 million in the first half of 2022. The difference in loss from operations between the two periods was largely due to the large decrease in operating expenses in the first
half of 2022.
- Net loss attributable to the Company was US$4.5 million, substantially improved over the net loss attributable to the Company of US$70.6 million in the first half of 2022.
- Adjusted loss from operations (non-GAAP)1 was US$2.8 million, compared to an adjusted loss from operations of US$2.9 million in the first half of 2022.
-Adjusted net loss (non-GAAP)2 was US$3.3 million, compared to an adjusted net loss of US$3.8 million in the first half of 2022
KXIN: This is NOT a very upbeat iHub Board --- but nevertheless, KXIN's price is running up today (for awhile, anyway).
Bagholders everywhere.This is now going to RS 25/1 and you will get more dilution.The ride is over,look for a 50% drop from here.Good luck and good trading.
Thanks for that. I just started
following CUE. Love their biz, plus 21% of the OS are held by institutions. They are still losing $$ and I'm not so sure how much this will run.
The problem here is....
The catastrophic annual report, with sales declines of over 60% and that they are burning money without end.
The pumping up only worked as long as they published this NEWS with the confirmation of the rip-off.
Slowly, even the last people are beginning to understand what awaits them here.
By raising the split to 1:50, I think that they are calculating with a share price of $0.10 due to the dilution, so that they will still have a share price of $5.00 after the split.
If that is the case, and I am pretty sure it is, then that is a hefty loss of minus -75% from today's price level.
Anyone who still believes in the great miracle really needs God's blessing.
Sure, you never know how they pump and dump, but the bottom line is always the same.
The Scam is dumping 8 billion shares by pumping.
If you read their messages, you know what they are up to.
Authorize 8 billion shares before the split and then increase the original split from 1:16 to 1:50.
I can hear the nightingale in the forest happily singing its song as it lures the shareholders....
Here we go up again. Lovin' this.
I guess it already hit 49 today. Looks like a ton of profit taking.
Reverse stock split vs forward stock split
A 1-for-50 stock split is a reverse stock split that means for every 50 shares a company owns, it combines them into one new share.
A 50-for-1 stock split is a forward stock split that means a company issues 50 shares for every one share an investor already owns, which lowers the share price to one-fiftieth of its previous value.
Huge Dilutions coming after the Huge R/S, as it always did before.
KXIN, is just a small car dealer. “ Kaixin Auto Holdings is China's leading new auto retail platform for luxury used cars and imported new cars.”
https://ir.kaixin.com/corporate/company-profile
The company statement: “(2) the increase in the ratio of the reverse stock split from 50:1 on the Share Consolidation proposal.”
Get your facts correct. It is not
50:1, it is 1:50.
This is no longer a POS.
This is a money-making engine that will run all the way to $3 before 11-30-2024.
KXIN, 50 for 1 R/S ? ! LOL!
This POS has done Numerous Reverse Splits in the past 4 years.
you ask you self how is going on that 10 times more shares flow in the market as is existent.
today, after closing, you can read the answer.
a share tsunami
Thanks. I did not know about
the dilution happening now. I'm hanging in and playing the long game here.
As we can see they let it go five cents at a time or a swing and we can see the dilution happening as well. Two days of hefty gains is impressive and will only draw a crowd. Friday will tell the story.
you know that the news is not a news.
it is only a fact, after the general meeting, and the dilution is full running
Love it