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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.
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
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
On Balance Volume indicator (OBV) is bullish.
Today's volume was heavier than usual, trading 170,792,743 shares, versus an average of 8,296,916 shares per day during the last twelve months. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
Momentum for KXIN is strongly bullish.
The 14-period Slow Stochastic Oscillator is rising, as investors pay higher prices for shares.
My sell order is .75
for half of my shares. The other 50% will ride with the wind all the way to $3 ths month.
Wrong. The company has options. Nothing guaranteed.
With revenues like they have, there will not be a tsunami of shares.
RS - if it happens - will not occur
until 11-30-2024. There is no need to go through with it if the price is above $1 for 10 days by 11-30.
There is now a tsunami of new shares coming that will dilute all shareholders to such an extent that they will all drown.
Bought more at .36 Held some powder.
Looking to jump back in tomorrow morning when it dips again.
Looks like they are adding 8B shares.
I like the fact that they have par values above .0001.
Reverse split
see the latest NEWS
back to 0,20
Are you worried about dilution and dumping?
Looks like they have a ton of convertible shares hitting soon.
Can you translate that into 3 sentences?
There is a ton of good data info in that post. Looks to me like there will be tremendous share increases. What about their knockout sales numbers and revenues? Is this increase in pps just shorts covering?
Could just jump there a/h
.57 That is the next resistance level will they just moon shoot it there then bring it back down. If so sell orders .50-.53 with a stop at .30
.05 swings all they way 3.65 is okay with me remember CDIO did it that way
Dilution city at your own risk when they start dumping
1. To approve as an ordinary resolution that the authorised share capital of the Company be increased from “US$500,000 divided into (a) 660,461,733 Class A ordinary shares of a par value of US$0.00075 each, (b) 6,000,000 Class B ordinary shares of a par value of US$0.00075 each, (c) 6,000 Series A convertible preferred shares of a par value of US$0.0001 each, (d) 6,000 Series D convertible preferred shares of a par value of US$0.0001 each, (e) 50,005 Series F convertible preferred shares of a par value of US$0.00005 each, (f) 50,000 Series G convertible preferred shares of a par value of US$0.00075 each, (g) 50,000 Series H convertible preferred shares of a par value of US$0.00075 each, (h) 50,000 Series I convertible preferred shares of a par value of US$0.00075 each, and (i) 50,000 Series J convertible preferred shares of a par value of US$0.00075 each” to “US$6,500,000 divided into (a) 8,660,461,733 Class A ordinary shares of a par value of US$0.00075 each, (b) 6,000,000 Class B ordinary shares of a par value of US$0.00075 each, (c) 6,000 Series A convertible preferred shares of a par value of US$0.0001 each, (d) 6,000 Series D convertible preferred shares of a par value of US$0.0001 each, (e) 50,005 Series F convertible preferred shares of a par value of US$0.00005 each, (f) 50,000 Series G convertible preferred shares of a par value of US$0.00075 each, (g) 50,000 Series H convertible preferred shares of a par value of US$0.00075 each, (h) 50,000 Series I convertible preferred shares of a par value of US$0.00075 each, and (i) 50,000 Series J convertible preferred shares of a par value of US$0.00075 each” by the creation of an additional 8,000,000,000 Class A ordinary shares of a par value of US$0.00075 each (the “Share Capital Increase”).
2. To approve as a special resolution that, immediately following the Share Capital Increase, (i) 44,000,000 authorised but unissued Class A ordinary shares of a par value of US$0.00075 each in the authorised share capital of the Company be re-designated and re-classified as 44,000,000 Class B ordinary shares of a par value of US$0.00075 each; and (ii) 51,733 authorised but unissued Class A ordinary shares of a par value of US$0.00075 each in the authorised share capital of the Company be re-designated and re-classified as 51,733 Series K convertible preferred shares of a par value of US$0.00075 each, such that the authorised share capital of the Company shall be changed to “US$6,500,000 divided into (a) 8,616,410,000 Class A ordinary shares of a par value of US$0.00075 each, (b) 50,000,000 Class B ordinary shares of a par value of US$0.00075 each, (c) 6,000 Series A convertible preferred shares of a par value of US$0.0001 each, (d) 6,000 Series D convertible preferred shares of a par value of US$0.0001 each, (e) 50,005 Series F convertible preferred shares of a par value of US$0.00005 each, (f) 50,000 Series G convertible preferred shares of a par value of US$0.00075 each, (g) 50,000 Series H convertible preferred shares of a par value of US$0.00075 each, (h) 50,000 Series I convertible preferred shares of a par value of US$0.00075 each, (i) 50,000 Series J convertible preferred shares of a par value of US$0.00075 each, and (j) 51,733 Series K convertible preferred shares of a par value of US$0.00075 each” (the “Share Capital Adjustment”).
3. To approve as an ordinary resolution that:
a) (i) every 50 issued and unissued Class A ordinary shares of a par value of US$0.00075 each in the authorised share capital of the Company be consolidated into 1 consolidated Class A ordinary share of a par value of US$0.0375 each, and every 50 issued and unissued Class B ordinary shares of a par value of US$0.00075 each in the share capital of the Company be consolidated into 1 consolidated Class B ordinary share of a par value of US$0.0375 each respectively (the "Share Consolidation"), such that, immediately following the Share Consolidation, the authorised share capital of the Company is “US$6,500,000 divided into (a) 172,328,200 Class A ordinary shares of a par value of US$0.0375 each, (b) 1,000,000 Class B ordinary shares of a par value of US$0.0375 each, (c) 6,000 Series A convertible preferred shares of a par value of US$0.0001 each, (d) 6,000 Series D convertible preferred shares of a par value of US$0.0001 each, (e) 50,005 Series F convertible preferred shares of a par value of US$0.00005 each, (f) 50,000 Series G convertible preferred shares of a par value of US$0.00075 each, (g) 50,000 Series H convertible preferred shares of a par value of US$0.00075 each, (h) 50,000 Series I convertible preferred shares of a par value of US$0.00075 each, (i) 50,000 Series J convertible preferred shares of a par value of US$0.00075 each, and (j) 51,733 Series K convertible preferred shares of a par value of US$0.00075 each”;
No dumping here. More accumulation.
Price begins slowly in the AM, and builds all day. You sell for a quick profit? You lose.
Legitimate moonshot capable?
I considered the .50 target price a week ago as way out of reach. Now, this is a legitimate moonshot to above $2 in the near term. Just my non-scientific forecast, based upon (1) their sales in China and (2) the fact that they need to be over $1 very soon to maintain Nasdaq compliance.
Nice run recently. Filling the gap now.
Looks like this run could continue this month.
Chinese stocks dumping finally today after an incredible week of pumping
KXIN: Don't have an answer for THAT one, Dude; WOW!
Best selling brands in China.
https://carnewschina.com/2024/07/14/best-selling-vehicle-brands-ranking-in-china-first-half-of-2024/
Nissan, GM, BMW, Tesla and Mercedes all looking great.
China in economic slowdown. Car sales are exception.
- Retail sales growth is anemic, with consumer spening and confidence very low.
- Their youth unemployment rate is almost 20%.
- They have millions of vacant apartments and their real estate prices are falling through the floor.
- Their government is running out of money.
China's car sales in 2023 set record highs, with 30.09 million vehicles sold, a 12% increase from the previous year. This was the first time China's vehicle sales exceeded 30 million units.
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