KNDI...KNDI...Low is $5.95...JUST A FEW DAYS AGO YOU WERE KNOCKING AT 7'S DOOR...before that you thought you could do $10...BUT...now...not so good...
Has KNDI settled the many lawsuits... According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose that: (1) certain areas in Kandi's previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 required adjustment; (2) in turn, Kandi lacked effective controls over financial reporting; and (3) as a result, defendants' statements about Kandi's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On November 14, 2016, Kandi announced the resignation of Cheng Wang as its CFO. On this news, shares of Kandi fell to a close at $3.50 per share on November 14, 2016, damaging investors. On March 14, 2017, Kandi revealed that its previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 will need to be restated. On this news shares of Kandi fell approximately 7% to close at $4.05 per share on March 14, 2017, further damaging investors.
With all the above drama this past year...I suggested people buy BYDDY... Maybe it's time to change the trade back to KNDI...?...but how are you going to know if it's not tooooo early to buy...?...any buyers YET...? /////////////////////////////////////////////////////////////////// Earnings due Feb. 8th BMO...is anyone buying in front of the earnings...?... how do you know if it's not tooooo early to buy...?... Daily...PRICE closed outside the lower Bollinger Band=6.14 (maybe some =ManicPanic happened today.."HOW LOW CAN IT GO"..."any buyers yet"...? Kandi...JUST A FEW DAYS AGO YOU WERE KNOCKING AT 7'S DOOR...before that you thought you could do $10...BUT...now...not so good... Daily
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