Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
KNDI: Kandi Technologies Marks Entry Into A Significant Growth Phase With 5000 Vehicle Order
http://seekingalpha.com/article/917651-kandi-technologies-marks-entry-into-a-significant-growth-phase-with-5000-vehicle-order?source=email_rt_article_title&ifp=0
KNDI Forbes: The Chinese Key to Electric Car Adoption
http://www.forbes.com/sites/tomkonrad/2012/09/25/the-chinese-key-to-electric-car-adoption/?partner=yahootix
KNDI: Significant news development, easily overlooked (goosebump stuff for the informed)...
From a post on the Kandi Private Group... http://finance.groups.yahoo.com/group/kndi/
This "White Paper" was just released by the PRC's highly influential State Council Development Research Center Enterprise Institute on "China's electric car business model innovation" It is a long read, but it totally blows away anyone's concern that KNDI might not be #1 in China. For really one of the first times, the highest level of the PRC not only mentions "Condi" and its business model, but clearly infers favor to it for All of China. So much in fact that they coined the label "Hangzhou Condi lease and for power mode", as the descriptor for this overall model.
LINK: http://info.xcar.com.cn/201209/news_669672_1.html
You may have seen the article I posted yesterday in the KNDI private forum, from the Financial Times, reporting that China has initiated a road trip to various countries, promoting foreign ownership in Chinese stocks and its stock market, etc., and trying to address concerns.
KNDI: A Facebook Page, Kandi Technologies
https://www.facebook.com/pages/Kandi-Technologies/417576648304576
Kandi Private Group
http://finance.groups.yahoo.com/group/KNDI/
KNDI: Kandi Technologies: It Ain't Easy Being Green by Perry Coleman, September 19, 2012
http://seekingalpha.com/article/875081-kandi-technologies-it-ain-t-easy-being-green?source=email_rt_article_readmore&ifp=0
Kandi Private Forum
http://finance.groups.yahoo.com/group/KNDI/
KNDI: In reply to your post, it is likely that:
1. A QBE will be available at the ground level as an option, before cars are transported up (one was shown in the demo garage that appeared in Hangzhou in August);
2. If you watch the video carefully, you will see there is an electrical connection made when the car is slid into its spot; the initial plug-in is simply to connect the car; the connection to the electrical connection is automatically made when the car is slid into its stall, at whatever level.
KNDI: Here is a link to the Concept Kandi Automated EV Parking Garage (animated, 3D), that was shown at the September 5 analyst/shareholder meeting in Atlanta...
KNDI: An extensive recap of the September 5 analyst/shareholder meeting conducted by Kandi's CEO, Mr. Hu and written by one of those shareholders present, has been posted in the Kandi Private Forum this morning (Sunday, September 9th)...
http://finance.groups.yahoo.com/group/KNDI/
China attacks foreign short-sellers in official editorial
SHANGHAI | Thu Sep 6, 2012 1:34am EDT
(Reuters) - China said foreign short-sellers targeting Chinese companies listed
in the U.S. are engaged in a "malicious act", in an editorial published by the
official Xinhua news service on Wednesday.
The editorial, titled "U.S. firms poison reputations of China start-ups for
profit", represents the first time Beijing has taken a position on a running
public brawl between a group of Chinese technology executives and Los
Angeles-based short-seller firm Citron Research.
The commentary called for the U.S. Securities Exchange Commission (SEC) to
investigate short sellers like Citron and suggested that Chinese companies might
stop listing in the U.S. if they don't receive better treatment.
"With the U.S. economy floundering for so long, the United States cannot afford
to have a capital market that attracts little interest or participation from
Chinese companies."
On Monday, former Google China executive Kai-fu Lee and over 60 other Chinese
business leaders published an open letter accusing Citron Research of
deliberately spreading lies about listed Chinese companies, in particular Qihoo
360 Technology (QIHU.K), to profit when their share prices decline.
Citron Research denied the charges, and said that Lee has a conflict of interest
because he has a business relationship with Qihoo 360.
Short-sellers, who borrow stock to sell at a high price and buy back the stock
at a lower price if share values drop as expected, earned vast sums from
successful attacks on overseas-listed Chinese companies in recent years.
The Xinhua editorial admitted that short-sellers did find genuine problems at
some companies but said that they are now unfairly targeting quality Chinese
firms.
Another company targeted by foreign short-seller reports, China's Sky One
Medical Inc (CSKI.PK), was charged with securities fraud by the SEC on
Wednesday, and investigations into other Chinese companies prompted by
short-seller allegations remain ongoing.
Hong Kong and U.S. regulators want Chinese subsidiaries of Western auditors to
hand over documents related to audits of Chinese companies accused of financial
irregularities but so far the subsidiaries have refused, citing state secrecy
laws.
Long-running negotiations between U.S. accounting securities regulators and
their Chinese counterparts have still not reached a solution to allow American
inspections of audit firms or access to their work papers.
(Reporting by Pete Sweeney; Editing by Eric Meijer)
http://www.reuters.com/article/2012/09/06/us-china-shortsellers-xinhua-idUSBRE88\
507F20120906?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium\
=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
lol, wise :)
They're asking themselves (the sellers), why they left all that money on the table by hitting the bids for a brief moment of glory to see the share price held down...with a little patience, they could have booked substantial additional monies and be vacationing on it in the islands with a margarita and a cool breeze...they blew it.
Totally agree that it's a buy here, and like I said before, with the kind of buying that has been evidenced in the past month, if you take away that seller, the price will move up quickly.
And also as I said before, if the numbers that management gave are correct re the amount of restricted stock that can be sold each month, eg in connection with the litigation settlements, the total is inconsequential.
Looks good from here...
Except that on the conference call it was disclosed how many shares were permitted to be sold each month, and that number is soooooo small, that even with multiple parties each subject to that kind of provision, it doesn't come close AT ALL to the number that someone has been dumping over the past month. The size buyers that have been around SPIN the past month would scoop up those total shares in a few seconds.
So the mystery remains.
In the past month the stock would have easily been over 1.50, but for the one persistent seller who has been dumping at the bid. During the conference call, mgt admitted they did not know who he is, but did give assurance it was not related to any of the litigation settlements reached because of the restricted stock status.
There has been fairly massive buying soaking up every single share this character has been unloading, and that continued today, imho. Obviously this guy cares not about getting the best price.
Hope the buyer(s) make a mint.
In response to Art's question, didn't they concede the 5-10% sequential gain in revenue was being extremely conservative because they didn't want to be put in a position of disappointing anyone again...
Whether that logic is reasonable or not, the point being, it came across that 5-10% really is not their expectation, it's somewhere north of there...
KNDI
Following is a summary of a post made on the Kandi Private Discussion Forum earlier today (link at the end of this post)...
-----------------------
There was confusion with the two PR's today and the launch of the 20,000 Hangzhou EV program announced in China over the weekend. IMO, the confusion has to do with cultural interpretation as to what is the meaning of "Letter of Intent", as used in this PR dated July 16th:
http://mwne.ws/M39jXy
Company IR confirmed to us this morning that all of the hundreds of articles that came out over the weekend about the Hangzhou 20,000 EV order being officially launched is accurate. And that KNDI is the sole beneficiary of the EV sales. Where the confusion lies was in the CEO, Mr. Hu's assumption that all US investors "knew" that the deal announced in July was a firm deal, with only the actual delivery of the 20,000 cars being subject of the word "Intent". With this assumption, the CEO put out the two PR's today as just "moving on" to the next deal. The 100,000 short term leasing program using the Vertical Parking Garage being the much larger anticipated event.
For those who are long the stock, it is regrettable this "snafu" happened causing ignorant investors to think the 200 car order was all that came out of the Hangzhou show. This 200 car order has nothing to do with the 20k leasing program. It is a totally separate and new deal.
In fact, with today's announcement of the signing of agreements with both the construction company and the leasing Company for the 100,000 car project, the Company has now advanced well ahead of what was expected.
In reality, these TWO actual and confirmed events should have caused the stock to reach new highs, not be a percentage loser today.
But the facts are still the facts. KNDI is now the uncontested #1 provider of EV's, as per contract in the World and with the signing of the second program, not likely to be giving up the #1 position anytime soon.
http://finance.groups.yahoo.com/group/KNDI/
KNDI: One of our members posted the following informative post on the yahoo public KNDI board, thought I'd share it here...
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_K/threadview?m=tm&bn=75013&tid=13508&mid=13508&tof=2&frt=2
To access the Kandi Private Forum, go to
http://finance.groups.yahoo.com/group/KNDI/
KNDI: In answer to your question, from Chinese media reports, it was reported that at the Expo there was a live display of the rechargeable three-dimensional garage and a live demonstration of how it works; after the vehicle pulls into the garage, a lift transports the vehicle to a layer in the parking space. Also noteworthy, again from Chinese media reports, Kandi demonstrated its new 4 door 4 seat upscale model. Other news also, all found in the KNDI Private Discussion Group...
http://finance.groups.yahoo.com/group/KNDI/
KNDI: Pictures from the 2012 Hangzhou Expo going on this weekend, now available in the Kandi Private Discussion Forum, including photos of a 30 car parking garage filled with Kandi vehicles...
http://finance.groups.yahoo.com/group/KNDI/
You betcha, anything to squish that seller!
80k now...
KNDI: Wondering what's happening at the 2012 Hangzhou China International Green Vehicle Industry Expo that starts TODAY (8/10) and runs to August 12? You'd know if you were in the Kandi Private Discussion Group, http://finance.groups.yahoo.com/group/KNDI/
We have links to the Expo's weekend agenda, today's articles hitting the Chinese media re the Expo, and a photo album of piks from the Expo...
Just want to access our Links Section for your own due diligence? We've made it available to the public...joining not required... http://finance.groups.yahoo.com/group/KNDI/links
KNDI > $5.00
KNDI: Why Kandi Is Poised To Become China's Electric Vehicle Market Leader
"Taken as a whole, it seems abundantly clear Kandi has been groomed to be China's electric vehicle "Golden Child"
http://seekingalpha.com/article/787321-why-kandi-is-poised-to-become-china-s-electric-vehicle-market-leader?source=email_rt_article_title&ifp=0
You're quite welcome, I'm the administrator of that Board. Look for more KNDI related news coming out of the 2012 Hangzhou China International Green Vehicle Industry Expo, August 10-12. Kandi is a featured participant.
Kandi Technologies (KNDI)...
Kandi Private Discussion Board, 360 members, over 5,000 message posts, extensive link section to articles, including those in the Chinese media, photo gallery, polls, etc. ZERO tolerance for spam, abusive, juvenile or disruptive activities.
http://finance.groups.yahoo.com/group/KNDI/
Public link to our Link Section...
http://finance.groups.yahoo.com/group/KNDI/links
Would someone tell that seller that if he's looking for an ATM machine to get cash, there's one at the 7-11 just down the street...he's probably too cheap to pay the transaction fee...
My last word on the subject...I'd be inclined to GUESS that the selling is from someone linked to SPIN's past history or related litigation. No one who has voluntarily invested in this company and knows anything about it, would be selling his shares (at the bid, yet) at 1.02 or 1.08. imho, financing had and has nothing to with the selling we've seen, nor is the selling in anyway related to the fundamentals/prospects of the company. but hey, what do I know, there are major experts here who know the company and its model intimately, they make my knowledge look like a pinhole. long and remaining long.
Hmm...
1. If the company now determines that they only need 500k, why on earth would I be upset that they didn't borrow 3-5 million? I don't want "my" company in debt any more than is needed (come to think of it, same thing could be said of this country, but that's a different animal...)
2. There are black whales, white whales, pokadot whales...I actually take exception to your apparent assumption that any of these shares being put on sale are coming from a large long. Admittedly I have limited knowledge of the history of the company, certainly not like other participants here, including the ensuing litigation, settlement, and related litigation outside of the company...but my guess if I tendered a guess, would be that the source of selling is coming from elsewhere, eg other than a large long.
3. As far as results in recruiting new investors from the past presentations, my knowledge on that is zero, and I wouldn't even venture a guess.
The financial results aside, what I found most refreshing was the energy and enthusiasm demonstrated during the call (which I perceived was genuine), for the application of the new technology and the projection of the positive impact it is anticipated to have on the results. It's one thing to invest in a company that demonstrates positive financial results and positive growth, imho it's a whole different animal when the company principals are still at that stage when they are genuinely energized to use their creativity to create new possibilities for their business' growth.
I certainly don't mean to dismiss financial performance, but honestly it's refreshing to watch this early growth, and as they have done on each call, to see them invite shareholders to simply pick up the phone and call them if they have further questions or concerns.
I do care about the company's bottom line as well as mine. But I like the genuine enthusiasm and the thinking "out of the box" that opens up positive financial possibilities.
And they certainly do appear to be executing and on track for their business plan, and seem sensitive to not only the impact of their actions (financing) on shareholders, but also the timeliness of pursuing it and putting it to bed.
Anyone selling shares at this price is either personally desperate or playing juvenile games. If you have any elementary understanding of the history whose behind this company and the current projections, the risk reward is a no-brainer. Those who are still in high school and posting here as a juvenile project, need not respond. I finally did find the ignore button.
Someone made room for Moby :)
That's ok, it's refreshing to see a post here, even if it's on the wrong topic :)
Excellent reply. Thank you.
Someone intent on selling their shares, or trying to scare up shares to buy
and it wouldn't surprise me if a conversation took place in a hallway that said...ya know, I have a zillion shares of this company, you put up a good size on the bid, I'll hit you and you can even pick up the shares at a discount rather than paying at the ask...
think my mommy told me even institutions luv gettin' a discount...
course I'm known to have an active imagination, although I see someone lucky got 21,000 shares of SPIN at $1.52...
I wanta be just like you when I grow up :)
If there's sponsorship of this stock, you won't see a sell off. Different this time.
I'm not looking into any deep meaning into the words they chose to use, but for those who blindly argue that RMBS has no future revenue stream either because of the size of its market or due to the ongoing legal s*it, the FTC prose can't sit too well. Part of RMBS has ALWAYS been its reputation, and since the company has obviously not been motivated to address it, it would be fool hardy to not overlook a "pronouncement" from the FTC (even if it is part of their argument) that not only is RMBS alive and well despite the litigation, but it's future marketshare is HUGE. That after all, IS what the market cares about.