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  • NQ Mobile, A Near-Term Road Map: Navigating Your Investment Through Uncertain Times [View article]
    Congrats, an AAA article.

    Robert Zangrilli has to like this article as a historian. Odd, that he wrote an article about numbers he doesn't understand, while this article would fit more his profile.
    Dec 12 04:07 PM | 3 Likes Like |Link to Comment
  • Research Report: What Baseball Can Teach Us About NQ Mobile [View article]
    I agree with you but if you don't know how financial models work don't write about it. A research analyst I know at BNP Paribas has also a history background, but the numbers he leaves to someone else.

    Quote tradestar
    1. you seem to be missing issuance costs related to the atlantis deal
    2. you seem to be missing cash used for acquisitions and equity investments. Specifically Nationsky. I suppose you can say they round tripp'd the whole amount immediately, but its still a cash use you should account for to be complete. There will be tax leakage issues associated with the transactions so that does have a real affect on cash proceeds and ability to roundtrip.
    3. you are double counting forex proceeds. One is a P&L expense. The other is a cash flow impact. you cannot count both. you should only count the cash flow item.
    4. you seem to ignore COGS for all years. Can we agree that they have some products that likely have some sales? I do not see why you would fully burden your modified cash flow model with operating expenses yet exclude COGS. I suppose some of this could be offset by revenues, but then that would be contrary to your thesis. Also nationsky does have physical product. Otherwise their announced customers would be pretty pissed if their enterprise solution was all vapor.
    5. In some cases (for ex. 3q13) you are using ex-Nationsky P&L items but NQ's combined cash flow statement items. Its not material, but something to fix.
    6. we've already discussed my disagreement with you w/re to using restricted and un-earned stock as collateral. I do not believe you can leverage off of it. If they did leverage off of that, they would likely now be in technical default and subject to an equity infusion. At a minimum, creditors would be pounding on the door demanding immediate repayment.
    7. you should include inventory purchases. They do have some inventory of product for nationsky at a minimum and generally some working capital.
    Dec 12 03:44 PM | 2 Likes Like |Link to Comment
  • Research Report: What Baseball Can Teach Us About NQ Mobile [View article]
    Come on! Robert is a historian (nothing wrong with that btw), but he doesn't have any economic or accountancy background to understand business models etc. Even if he is wrong on the issues explained by more experienced guys, he will say he is right on the issues explained in his article. That's why I don't participate in those discussions anymore. Shorters will never admit they were wrong on a certain thesis. Just tell me one story, where a shorter says in public: "I made wrong assumptions, I was wrong" and will apoligize to the company in question.

    Most shorters will always believe they are right and the others are wrong. Even if they were proven wrong they will say they were right. Ya BASTA!
    Dec 12 03:13 PM | 2 Likes Like |Link to Comment
  • Sino Agro Food: Profiting From The Growth Of Food Demand In China [View article]
    The company has a lot of Scandinavian investors because the Swedish Jordan fund has a big position. They have also visited the operations and know SIAF's business model the best.

    http://bit.ly/1aZO0jY
    Dec 12 02:59 PM | Likes Like |Link to Comment
  • Sino Agro Food: Profiting From The Growth Of Food Demand In China [View article]
    I have also some shares of this one, their increase in shares in the past were part of their growth strategy.

    Short sellers always will come up with the point that there was so much dilution. The company is deeply undervalued that's for sure.
    Dec 12 10:26 AM | 3 Likes Like |Link to Comment
  • Looking Long Term, Muddy Waters Might Have Been The Best Thing To Happen To NQ Mobile [View article]
    Why would short sellers claim NQ has malicious software? They have to have prove to back it up?

    Until now all those short articles (I lost the count) are without merits, only speculation, twisting facts and other lousy stuff to harm a legitimate company.

    Why US investors don't cooperate with a law firm and sue the shorters who brought up these false claims?
    Why the US government (SEC) let these things happen?

    I am not against short articles, when they make sense and things are proven (LLEN, FU). I am against sensational articles that are fear mongering and twisting the truth. There has to be a law to prevent these things, or am I too naive as a Dutch?


    Dec 11 05:39 PM | Likes Like |Link to Comment
  • Research Report: What Baseball Can Teach Us About NQ Mobile [View article]
    Are you the research king of Wall Street?

    When MW started their crusade against $NQ some institutional investors left the building. The ones that stayed or took a new position did even more due diligence than they would normally do. So the chances that they are wrong are almost non- existent.
    Dec 11 03:42 PM | 6 Likes Like |Link to Comment
  • Research Report: What Baseball Can Teach Us About NQ Mobile [View article]
    hahaha, lol
    Dec 11 03:15 PM | Likes Like |Link to Comment
  • Research Report: What Baseball Can Teach Us About NQ Mobile [View article]
    Fear mongering about the VIE-structure. I was the first one that figured out that things went wrong at GigaMedia (GIGM) http://bit.ly/18Doy78

    But that doesn't mean that with NQ would happen the same. The chance that California get hit by a major earthquake is almost the same than that another US-listed China company will get in trouble because of their VIE-structure.
    Dec 11 02:42 PM | 4 Likes Like |Link to Comment
  • Navigating Your Investment Through Uncertain Times. NQ Mobile, A Near-term Roadmap [View instapost]
    Great article, why this wasn't published in PREMIUM note!

    Better than does fluffy short articles that are aired right now!
    Dec 11 02:26 PM | 2 Likes Like |Link to Comment
  • Retractable Technologies - A Rewarding Cash Opportunity? [View article]
    @SilverTraders I agree with. They have to chase growth and expand their sales force. If not they have to consider to be taken over.
    Dec 9 05:16 AM | Likes Like |Link to Comment
  • Looking Long Term, Muddy Waters Might Have Been The Best Thing To Happen To NQ Mobile [View article]
    Wisely spoken, and I agree with you.

    The American justice system sucks, maybe they can learn something from Europe. But I don't think so. The claim culture and patent trolls are already exported to countries outside the U.S..



    Dec 8 05:12 PM | Likes Like |Link to Comment
  • American Lorain, Forgotten And Despised [View instapost]
    Their cash position they need for operational purposes like buying the ingredients (nuts and more) for their products. I am investigating this one, so you I will come back with another article soon.
    Dec 6 02:54 PM | Likes Like |Link to Comment
  • Why The Bull Is Wrong On NQ Mobile And Muddy Water [View article]
    The first thing auditors nowadays do if a short seller article pops up that claims cash is not there is verifying those claims by immediately starting up the confirmation procedures.

    If there was the slightest doubt about cash the auditor in question would resign right away. They simply are not taking the risk anymore such as in other cases (Longtop).
    Dec 6 07:45 AM | 3 Likes Like |Link to Comment
  • Guanwei Recycling: Valuation Looks Very Attractive [View article]
    ONP, SUTR, SKBI, CGA, ALN (?!)
    Dec 5 05:00 PM | Likes Like |Link to Comment
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