Kaixin Holdings (KXIN)

[PirateLeviathan8]

There is now a tsunami of new shares coming that will dilute all shareholders to such an extent that they will all drown.

[boston127]

Bought more at .36 Held some powder.

Looking to jump back in tomorrow morning when it dips again.

[boston127]

Looks like they are adding 8B shares.

I like the fact that they have par values above .0001.

[PirateLeviathan8]

Reverse split
see the latest NEWS

back to 0,20

[boston127]

Are you worried about dilution and dumping?

Looks like they have a ton of convertible shares hitting soon.

[boston127]

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?

[Triple nickle]

.45 next

[Triple nickle]

Could just jump there a/h

[tw0122]

.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

[Triple nickle]

Ok .43

[Triple nickle]

Come on .57

[Triple nickle]

.05 swings all they way 3.65 is okay with me remember CDIO did it that way

[tw0122]

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”;

[boston127]

No dumping here. More accumulation.

Price begins slowly in the AM, and builds all day. You sell for a quick profit? You lose.

[boston127]

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.

[boston127]

End green today?

This could be the homerun of a century.

[boston127]

Nice run recently. Filling the gap now.

Looks like this run could continue this month.

[tw0122]

Chinese stocks dumping finally today after an incredible week of pumping

[Invest-in-America]

KXIN: Don't have an answer for THAT one, Dude; WOW!

[boston127]

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.

[boston127]

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.

China's car sales in 2024 are expected to be positive, with new energy vehicles (NEVs) accounting for close to 50% of domestic sales. In the first half of 2024, new vehicle sales increased 6.1% year-on-year to 14,045,000 units.

In August 2024, NEV sales increased 30.02% to 1.1 million units, accounting for 44.8% of total car sales. 💥💥

[boston127]

This was $191 pps in 2021.

And in Jan., 2022, this was $19. Wonder what happened. COVID was over by 2022.

[boston127]

Today's volume was heavier than usual,

trading 662,674,608 shares, versus an average of 7,608,869 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.

How could this trade 662M shares when there are only 66M OS? Must be some dumping or traders going back and forth.

[boston127]

Momentum for KXIN is strongly bullish.

The 14-period Slow Stochastic Oscillator is rising, as investors pay higher prices for shares.

[boston127]

KXIN is showing strength within a bearish trend.

Its MACD is above the signal line and shares are presently 41.5% above the 200-day moving average. However, that moving average is declining, implying that caution is still warranted. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.

[Triple nickle]

Got my .40 next

[Invest-in-America]

KXIN: Well then, just HOW sweet WAS IT??!! (Checkout the celebrations at my, "San-Diego-Stock-Traders-&-Church-Of-Latter-Day-Atheists-Club" --- just after the Markets Close today --- behind our huge KXIN gambit!! I'm the Dude in the PINK cloak!!)




________________________________________________________________________
PS: I'm producing a film, "American Cars of 1908" --- tap link below for latest edition:
https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExOXVyb2N1NXVkejE5em04cDMyYnRvbDV2ejAzeHdsdmZzc2JxajQwZSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/f1NTdkdbG4XzW/giphy.gif

[Triple nickle]

.3250 sweet

[Invest-in-America]

KXIN: Ya all better put on your darkly-tinted glasses, in preparation for what's about to transpire here momentarily behind the 'CHART' for this cute little Wall Street puppy!!!

[Invest-in-America]

KXIN: You have to be a Mathematician to understand the profound ALLEGORICAL meaning --- or, QUADRATIC equation --- underlying the JUNGIAN message of my post there; otherwise, you end-up like below!!!


"CHARTS don't lie??? Heck, nobody can understand even WHAT they are saying!!!"

[Strukture]

Pardon?

[Invest-in-America]

KXIN: Well then, why not simply "CHART" the LIARS too??? (And then, Peeps would not have to be WARNED about such liars, RIGHT???)


"Charts don't lie, but LIARS can't be CHARTED!!"

[Triple nickle]

Added again for .40 run

[Strukture]

Exited today .08-.25 😤

[Invest-in-America]

KXIN: Reverse-Splits are the latest RAGE, Dude!!!! (Nearly as 'trending' as McDonald's disruptive, new, "$5.00-MEAL-DEAL"!!!)

[Invest-in-America]

KXIN: Hey, King Trip-Nik!!! A "$0.38 Special" PRICE is looming here shortly, HOMEBOY!!! (See below!!! That's my San Diego Lady Friend --- REALLY!!)

[TrendTrade2016]

POS IS DONE

[boston127]

I will gladly take .32. Thanks.

Interesting company and price movement. I do not understand it but glad I held this and didn't jump ship.

[boston127]

I assume pps will sink after RS.

I guess the sharerholders must have approved the RS. Wouldn't it be nice if the price soars to $4 and we do not need an RS?

Kaixin Granted Temporary Exception to Comply With Nasdaq's Bid Price Rule
08:04:16 AM ET, 09/13/2024 - MT Newswires
08:04 AM EDT, 09/13/2024 (MT Newswires) -- Kaixin (KXIN) said Friday it received a letter from the Nasdaq Hearings Panel, granting the company a temporary exception to comply with Nasdaq's bid price rule by Dec. 13.

To achieve compliance, Kaixin will hold an extraordinary general meeting on Oct. 1 to seek shareholder approval for a reverse stock split, which it plans to implement by Nov. 30.

The company must maintain a closing bid price of at least $1 for 10 consecutive business days before the December deadline.

[Triple nickle]

Bounce off .2485 to .32 I’ll bet

[boston127]

Needed this one. Wish I bought

100K shares, instead of just 10K shares. I may continue to add on he way up here.

[Invest-in-America]

KXIN: Hey, very KIND words, Bro. (But it's a lot EASIER for not-so-brilliant-folks, like me, to simply following YOUR daily iHub posts!!!)


That's ME, the Boy, answering my Girlfriend's question: "Nope, it ain't stupid, Sweetheart, when ya follow TN's stock-picking POSTS every day!! And how-the-heck do ya think I've been able to buy YOU lunch all the time in the school's cafeteria, Honey-Pooh??!!"

[Triple nickle]

Your the same just see yourself that way and so will others

[Invest-in-America]

KXIN: Of course you are, Lord T-N!!! (Did you think you WEREN'T for a minute or two, there???)

[Triple nickle]

.28 see there the king of wands is right

[Invest-in-America]

KXIN: Indeed!!! (We need a minimum of $0.50 here today, Bro!!! Are you sure the markets in Beijing are CLOSED for a week over there???!!!))

[Triple nickle]

Top hittin too

[Invest-in-America]

KXIN: Indeed, Dude --- my, iHub-Markets-Scanner-HOMEBOY!!! (And see my PSYCHIC Lady Friend --- live, right now below--- workin' on your $0.27-break-out epiphany!!!)


"Oh, noooooo!!! Global-Warming is REAL!!! God-damn-it all to HELL!!!!"

[Invest-in-America]

KXIN: Boy, I'll-tell-ya, Dude --- I HOPE that you are CORRECT with all of that prognosticationization!!!! (And my bank account needs all of that TODAY, Sir!!!!)

[Triple nickle]

Break .27 it’s game on