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Milkweed

 
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  • Another NQ Mobile Executive Bites The Dust [View article]
    When they're announcing a fairy tale, who cares what the number is? They got the "Auditor to the Frauds" to play ball and sign off on their 20-F and they've lost nearly half their share price since that news, and trade for about 25% of the pre-Muddy trading range. The market is trying to tell you something.
    Dec 15, 2014. 12:18 PM | 3 Likes Like |Link to Comment
  • Another NQ Mobile Executive Bites The Dust [View article]
    D&T didn't report anything, they were not hired to investigate Muddy Water's allegations the lawyer was. The lawyer did their job and steered the report around the fraud, in order to report the white wash that they were hired to report. Yes the 20-F is a fiction that's why they fired the editor who specialized in non fiction and hired the editor who specialized in fiction.
    Dec 11, 2014. 01:09 PM | 1 Like Like |Link to Comment
  • Another NQ Mobile Executive Bites The Dust [View article]
    "how about some unbiased analysis of NQ based on true business metrics"
    ----------------------...

    How do you get true business metrics when the company is reporting a fiction?
    Dec 11, 2014. 12:11 PM | 1 Like Like |Link to Comment
  • Another NQ Mobile Executive Bites The Dust [View article]
    <<<Well if that were the case then why would China Capital Rock management raise their stake in NQ to 14.82% and barely get noticed for it?>>>
    ************************

    Option 1: Doubling down on a bad investment trying to make it work

    Option 2: They're in on the fraud and their stake if part of something bigger.
    Dec 11, 2014. 09:42 AM | 1 Like Like |Link to Comment
  • Another NQ Mobile Executive Bites The Dust [View article]
    Among the many things the already outed ChiScam frauds have in common is no reported insiders dumping shares. Is this because:

    1. They haven't figured out that dumping shares would be a good way to cash in on the fraud?

    2. They found a way to dump their shares without reporting it?

    I'm sure there is a rationale explanation for why NQ is so eager to point out the lockup extension.
    Dec 11, 2014. 08:35 AM | 2 Likes Like |Link to Comment
  • Economists Don't Even Know What Prosperity Is [View article]
    This reminds me of my favorite joke about politicians taking credit for the economy, and I'd add in the economist behind them as well.

    "It's like watching some guy standing at the end of an airport runway, jumping up and down taking credit for planes landing".

    IMO the economy does what it does in the short term and it is hubris to assume anyone is controlling it or can control it. IE: interest rates have dropped since QE ended.
    Dec 9, 2014. 09:51 AM | 1 Like Like |Link to Comment
  • Economists Don't Even Know What Prosperity Is [View article]
    One economist who does get it is Morningstar's Bob Johnson. Not only did he bravely and accurately predict the recovery from the great recession when almost all other talking heads were predicting a lost decade at best and game over USA more likely but he's been pointing out a persistent problem with the official GDP and unemployment reports that make the economy look far more volatile that it really has been.

    One strategy he employs is to use a y/y three month average to look at GDP and unemployment. Where the normal monthly and quarterly reports are consistently inconsistent (we hit escape velocity, no wait we're heading back to recession) his method produces a near pencil and ruler result. IE the governments seasonal adjustment factors are off but nobody does anything about it, so if you judge the economy by the regular headlines following the official reports you'd think we were on a roller coaster for the last half decade. If you judge it using Bob's y/y three month average however, you would see we've been on a slow yet remarkable consistent climb out of recession.

    To Bob's regular readers each week it's patently obvious he's right in pointing out that the official readings on GDP and unemployment are not portraying an accurate picture of the economy in the short run, because of faulty seasonal adjustment factors. He even points out what the adjustments are missing, like changing auto industry shutdowns. The fact that only Bob and his readers seem to realize this, goes to the point of your article.
    Dec 9, 2014. 09:30 AM | 1 Like Like |Link to Comment
  • Saudi Arabia: Do The Math [View article]
    The quotes are just snippets from the article linked below. I recommend the entire article.

    http://yhoo.it/1A8pRGf

    "China needs a magnificent bull market," said the China Securities Journal on Monday.

    It said robust stock markets are required as part of the Communist Party's plans to make the economy more market-oriented and efficient

    Despite their free-market image, the Shanghai exchange and a smaller second exchange in Shenzhen, near Hong Kong, have so far been used mostly to raise money for state industry

    The takeoff in prices began after state media said during the summer that stocks were cheap.

    "This seems to have convinced many that the government was determined to see the market rise," said Mark Williams, chief Asian economist for Capital Economics, in a report. "Resulting enthusiasm has to some extent now become self-reinforcing."

    BEIJING (AP) -- Gong Bin, a marketing employee in Shanghai, watched Chinese stock prices gallop upward for months before he finally gave in and put the equivalent of 2½ months' salary into the surging market
    **********************...

    This is going to end well (not).
    Dec 8, 2014. 09:47 AM | Likes Like |Link to Comment
  • Saudi Arabia: Do The Math [View article]
    http://bit.ly/1qQ7mpz

    This was three years ago and it's only gotten worse since. For all the talk about some mythical rebalancing of the economy from one driven largely on building apartments no one will ever live in, offices no one will ever work in, malls no one will ever shop in and roads and bridges no one will ever travel on; to a consumer driven economy, the answer to the methodical slowing of their economy lately is always some form of new construction they don't need (another airport or train tracks to no where) or a loosening of credit to get the private sector to build something they don't need.

    So yes, while the rate of growth in building stuff they don't need just to put people to work has only slowed, and not yet reversed, the Chinese economy and oil use have also only slowed. Maybe Mr. Market is starting to realize the immutable fact that you can't fuel an economy on building stuff with no economic value forever. Even if you believe they may eventually need this stuff how much future growth did they full forward that is now no longer available?
    Dec 7, 2014. 11:55 AM | 2 Likes Like |Link to Comment
  • Saudi Arabia: Do The Math [View article]
    Did any one stop to consider that maybe oil's fall has nothing to do with OPEC and is due to signs China's massive historically unprecedented building bubble is nearing an end and bigger hits to demand are on the horizon? Could it be that the market is starting to realize that China's 12 really smart guys didn't figure out how to beat the business cycle after all?
    Dec 6, 2014. 09:31 AM | 3 Likes Like |Link to Comment
  • Netflix boss: Broadcast TV has another 15 years [View news story]
    http://usat.ly/1rIkQjc

    "It won't stop there. The National Football League hopes to achieve $25 billion in annual revenue by 2027, up from about $10 billion now"
    *************************

    Uh reality check time, per NFLX latest filing their annualized revenues right now add up to about half of the NFL's current revenue stream and content spend is probably about a quarter of the NFL's total revenues and this is counting nearly half the broadband households in the U.S. along with millions of other households across dozens of other countries around the world as subs.

    Even if sports did bypass broadcast television and go streaming it's going to be to get more money from you not less. The ala carte dream is most likely going to cost more than bundled services not less. You certainly ain't gonna be watching your favorite sports teams on an $8.00 a month Netflix subscription or any other subscription remotely close. Be careful what you wish for...


    http://bit.ly/1rIkOYm
    Nov 29, 2014. 07:53 PM | 2 Likes Like |Link to Comment
  • 2 Of NQ Mobile's Recent Acquisitions Should Have Investors Worried [View article]
    <<<do not use personal attack in your reply>>>
    **********************...

    <<<it's all you shorties are suspicious>>>
    **********************...

    Pot and kettle, glass houses, take your pick.

    <<<if NQ violates the market rule or even break the law,>>>
    **********************...

    Not that I really think you believe this ridiculous assertion, however for the umpteenth time there is no rule that says they can't announce an acquisition or use their cash for the acquisitions. In fact, as has been pointed out in a number of articles recently, they were required to disclose the acquisitions when they happened, not 6 months later.

    The fact that you continue to refuse to provide evidence of any rule or law to support this ridiculous statement proves you are pulling this out of your rear end, or know you are full of stuff, and don't care.

    Since you follow a long standing trend of hard core obsessive defenders of the faith parachuting onto the NQ message boards from no where, tells me you are in the, don't care, got an agenda, group. The grammar pattern of your writing also suggest English is not your primary language and Chinese probably is your primary language. Just how close are you to NQ management?
    Nov 21, 2014. 11:07 PM | Likes Like |Link to Comment
  • 2 Of NQ Mobile's Recent Acquisitions Should Have Investors Worried [View article]
    If Shenzhen was a subsidiary there would be no reason to report funding them, obviously Shenzen is not a subsidiary and the only link is a connection to some person in NQ management. try guessing again.

    There is no window to close on disclosing material events. The window you are referring to is on discussing how a quarter is going and has nothing to do with disclosing a material event. Try guessing again.

    There were no covenants that would have restricted NQ from using the bond money to pay for the acquisitions, management is lying if they suggest otherwise. Without a covenant restriction written into the bond agreement the bond holders can't control how the money is spent. Even the bond covenants don't usually restrict how the money is spent they just define conditions that would trigger a default and potentially require repayment of the bond. Try guessing again.
    Nov 21, 2014. 06:20 PM | 4 Likes Like |Link to Comment
  • 2 Of NQ Mobile's Recent Acquisitions Should Have Investors Worried [View article]
    <<<-The $1m interest free loan was haned out to Xinbo, which is NQ's wholly-owned subsidiary company.>>>
    **********************...

    They loaned money to an individual not a subsidiary. There would be no reason for a special disclosure of sending money to a subsidiary and interest free loans to individuals is NOT normal.

    <<<Matt says "We expected our 20f to be filed in June, with a discussion of the acquisitions immediately following. When that didn't happen, and we couldn't file the quarterlies, there was no proper forum for disclosure until the 20f was filed.">>>
    **********************...

    You never heard of a press release and a 6K filing? Check their SEC records they were filing both while the 20-F was delayed.

    <<<Matt says NQ management knows they "owe" shareholders due to lock down of borrowed funds when they were out of compliance, and the acquisition dilution; plan is use of the borrowed funds for buy back. "We will make this right.">>>
    **********************...

    I this the horse manure about couldn't use their cash while preparing the 20-F and audit? Show me one iota of evidence a public company can't use it's cash while it's performing it's annual audit? There wouldn't be any public companies if this were true because they'd all go BK.
    Nov 21, 2014. 12:53 PM | 1 Like Like |Link to Comment
  • 2 Of NQ Mobile's Recent Acquisitions Should Have Investors Worried [View article]
    No I don't think they should be delisted for one mistake, I think they should be delisted because this fits a well established pattern of behavior of things that don't add up (but apologist want to give them the benefit of the doubt).
    Nov 21, 2014. 09:17 AM | 1 Like Like |Link to Comment
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