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Monday, January 06, 2014 12:40:15 AM
The November Quarterly statement also shows that the company is in serious financial trouble and needs capital. How did a company that is negative capital pay over 144M USD this year alone? This is from paqe 36 of the Nov Quarterly statement.
Pursuant to the JV agreement, the Company contributed RMB 500,000,000 (approximately $80,788,464) in the second quarter of 2013 to establish the JV Company. In the third quarter of 2013, in connection with the acquisition of Kandi Changxing, the JV Company paid the Company RMB 400,000,000 (approximately $64,292,970). Because Kandi Changxing did not commence normal manufacturing operation until after it was acquired by, and transferred to, the JV Company, the divestiture of Kandi Changxing had a minor impact on the Company’s profits and losses.
Minor impact! 144M USD paid out. The company never made 144M USD in one year. Where did the money come from? Shares of course. Each time money is needed KNDI puts out false press releases like the one in June 2013 about comparison to Tesla Motors TSLA, that later proved to be false. The company paid spammers to spam about their company like they are now and ran the stock up and dumped it. They made enough capital to buy into the JV with Shanghai Motors.
Risking it all to obtain the reward, necessitates the motivation to succeed.
Recent KNDI News
- Kandi Technologies Announces First Taiwan-Made UTV Shipment to the U.S. • GlobeNewswire Inc. • 07/22/2024 12:00:00 PM
- Kandi's Off-Road Vehicles Will Begin Production in Taiwan • GlobeNewswire Inc. • 07/08/2024 12:05:00 PM
- Kandi Technologies Group Expands UTV Portfolio with Innovator e10K • GlobeNewswire Inc. • 06/27/2024 12:00:00 PM
- Kandi Launches Ultra-High Capacity AA Battery in the U.S. • GlobeNewswire Inc. • 06/20/2024 12:05:00 PM
- Kandi Technologies Group Unveils New Lineup of Electric Go-Karts in the US • GlobeNewswire Inc. • 06/12/2024 12:00:00 PM
- Kandi Debuts Enhanced 10K High-Clearance Electric UTV • GlobeNewswire Inc. • 06/04/2024 12:00:00 PM
- Kandi Shines at Thailand Golf Cart Expo, Expands in Southeast Asia • GlobeNewswire Inc. • 05/28/2024 12:00:00 PM
- Kandi 10K All-Electric UTV Model Achieves EU EEC Certification • GlobeNewswire Inc. • 05/21/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/16/2024 11:15:24 AM
- Kandi Technologies Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
- Kandi Technologies to Report First Quarter 2024 Financial Results and Hold a Conference Call on May 16, 2024 • GlobeNewswire Inc. • 05/13/2024 08:05:00 PM
- Kandi Technologies Group, Inc. Completes Redomicile Merger • GlobeNewswire Inc. • 04/16/2024 01:00:00 PM
- Kandi Technologies Reports 2023 Financial Results • GlobeNewswire Inc. • 03/14/2024 08:05:19 PM
- Kandi Technologies to Report FY 2023 Financial Results on March 14, 2024 and Hold a Conference Call on March 15, 2024 • GlobeNewswire Inc. • 03/11/2024 12:00:00 PM
- Kandi to Showcase Innovations and Network at 2024 PGA Show • Business Wire • 01/18/2024 02:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:05:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 01:03:11 PM
- Kandi Technologies Announces Share Buyback of Up to $30 Million • GlobeNewswire Inc. • 11/27/2023 01:00:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/17/2023 09:05:06 PM
- Kandi’s First 500 Fully Electric Mini Golf Carts to Launch in US Market • GlobeNewswire Inc. • 11/15/2023 01:30:00 PM
- Kandi America Partners with Peavey Mart to Expand Kandi Products into Canada • GlobeNewswire Inc. • 11/13/2023 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 12:30:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 12:15:08 PM
- Kandi Technologies Reports Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 11/08/2023 12:00:11 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 11/07/2023 09:10:16 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM