Kandi Technologies (KNDI) on Watch on Negative Article

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Go back to Kandi Technologies (KNDI) on Watch on Negative Article

Kandi (KNDI) Refutes Short Seller Allegations; Issues Update

June 24, 2013 11:54 AM EDT

Kandi Technologies Group, Inc. (Nasdaq: KNDI), stated that it has come to the Company's attention that a recent online article, published by a short seller, contains inaccurate and misleading information about our Company. While the Company firmly stands by its disclosures in its filings with the SEC, we are taking this opportunity to clarify certain issues as follows:

1. Kandi's $25 Million Debt/Note Payable.

As we have described clearly in our Form 10-Q for the quarterly period ended March 31, 2013 (the "10-Q"), by issuing bank notes payable rather than paying cash... More