Option Millionaires

[silencedogood2011]

KNDI a Pump and Dump?

KNDI has posted spotty Quarterly statments with only one Q reported in 2012 and missing Q statements going back to 2010.

As of March 2013 (last cash flow statement available. Source; Yahoo finance) it is easy to see they are borrowing from peter to pay paul.

Their net borrowing as seen against changes in accounts receivable should warn the investor there is a major problem with this company in terms of negative income flow as opposed to its current market cap of 441.89 million dollars.

I do believe with this stock now in the spot light, the SEC will be looking at it more closely and will be asking for the missing financials in the near term.