Mar. 20 at 3:34 AM
$KNDI This is the most disorganized, directionless company I have ever seen. They used to make EV cars. RIP. They now make: golf carts, off road vehicles, EV batteries, AAA batteries (yeah, they really do that), and AI robot dogs.
To that end, they recently "purchased" an off road company called RAWRR. No one has ever heard of this company, but rather conspicuously RAWRR is owned by Kenny Hu, son of KNDI's founder Xiaoming Hu, KNDI's founder. That's 24 million dollars of share dilution disguised as an accretive investment.
Guess what? After KNDI dodged regulation by becoming a foreign entity in the British Virgin Island not subject to the SEC, they don't have to disclose any of this. At best, KNDI will put out an annual report at some point that will pretend at a plan and profit, but offer the same opaque financials they've always offered.
This is a corrupt company that is in business to get insiders paid before an inevitable bankruptcy within one year.
Yes, timestamp this post.
