John Ritter's questions to Kandi Technologies Group (KNDI) leadership • Q3 2024
Question
Expressed frustration with the stock's 15-year low price despite strong fundamentals. He asked for management's opinion on the cause of the low stock price, suggested a large Chinese shareholder might be selling, and questioned why the company isn't more aggressively buying back shares.
Answer
Management attributed the low stock price to external factors like U.S. election results causing trade friction and pessimistic capital market sentiment, leading to the stock being seriously underestimated. They stated they had no information on the speculation about a large seller and did not directly answer why the buyback wasn't more aggressive.