I've been wondering for months how and why this stock is still moving at all. Everything seems to be fake. Or not?
The CEO of Kaixin Auto Holdings, Mingjun Lin, should explain the following to the shareholders: Why are there always reports of success without showing this success on the balance sheet? How does he want to develop electric cars with 18 million dollars? Kaixin claims to have 35 employees. They are said to operate China's leading auto retail platform for luxury vehicles. Engaged in electric cars, want to develop them and they are said to be selling tens of thousands of them. Vehicles that don't even exist yet. If you look at the list of managers, there are hardly any "normal" employees. And nobody knows whether there are really 35? The supposedly leading retail platform cannot be found. Kaixin does not advertise it on its own website either. There isn't even a link.
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Kaixin Auto Holdings (KXIN) sees large increase in Short Interest But it also means that 53 percent have lost their trust in Kaixin. This is in line with the facts previously published by Traders Guardian. To this day, we can't determine how Kaixin intends to finance and implement all the great announcements. You just don't find anything real in Kaixin.
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