But the forward look of the CEO Hu Xiaoming must be real good and full of confidence otherwise he wouldn't have taken over 100% of the shares of the Excelvantage Group. That info was also contained in the 10-K and the new Form 4 that came out. As a result the CEO now owns >60% of the company. Besides, the recent news out of Hangzhou is pretty encouraging for KNDI: http://www.beijingtoday.com.cn/blogger/yu-shanshan/electric-cars-the-future-of-chinese-transportation