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Milkweed  

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  • Down The Rabbit Hole With NQ Mobile [View article]
    I would imagine his family knows and were contacted by NQ management. Assuming you are right then he couldn't have "resigned" and the disclosure is fraudulent.
    Dec 24, 2014. 03:09 PM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    <If they are not guilty of anything that Henry Lin may provide to investigators, they should move on with business as usual. Did they? No, they decided to do a reverse merger into a SHELL which you can't short its stock in HKSE.>
    **********************...

    Sounds like business as usual for NQ to me.

    <On the flip side, after few months and if Henry Lin comes back as CEO without any scratches, I will load up $NQ's shares - if the Chinese government says he has nothing to hide, then most likely HE IS NOT GUILTY!>
    **********************...

    I actually have no clue or opinion of whether he broke "CHINESE" law for which he would be subject to severe consequences if caught; however you make a grave error assuming a clean bill of health in China absolves him from guilt in defrauding U.S. investors under "U.S. LAW" for which he would pay zero consequences even if proved.
    Dec 24, 2014. 03:02 PM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    Unless in it's infinite wisdom, the SEC decided to give foreign issuers a leg up on defrauding U.S. investors over their domestic counter parts and doesn't require the same disclosure of material events, it doesn't matter how Omar would prefer to handle the announcement.

    If Henry Lin was detained on suspicion of fraud it's material information particularly given the suspicions surrounding NQ and it should have been disclosed along with his stepping down. It certainly sound like he was detained and it defies all logic that word of this didn't get out to NQ management and Omar. I'm fairly sure this has something to do with Carson's choice of a lead off question on the cc.
    Dec 24, 2014. 02:55 PM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    If H.L. was arrested and Omar knew about it (and it's hard to believe he wouldn't know about it) then he didn't go out of his way to answer the question, he went out of his way to not answer the question.
    Dec 24, 2014. 01:45 PM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    Siv,

    While your point is technically accurate you are playing semantics. I'm fairly sure if it turns out H.L. has been arrested on suspicion of fraud and there's a way to prove NQ management were aware of this, the SEC is'nt going to care that disclosing Henry left for "personal reasons" is technically accurate.

    In such a case,why he left would be as material or more material than just the fact that he left, particularly given the accusations of fraud leveled at NQ. Apparently Carson Block asked about this on the cc before getting cut off. I suspect he lead off with this line of questioning for more than just comic relief.
    Dec 24, 2014. 01:13 PM | 1 Like Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    LMAO, given management track record of promising to buy back but failing to deliver and now a 180 on announcing a buy back, you can bet your bottom dollar todays run up is part of an orchestrated pump that will end in an eventual dump. The same shorts you are egging on have already made a killing on this while you lost your shirt and I'd bet they will be re-loading on this sham announcement and stock promotion. You need real investors for any gains to hold and real investors have written his one off long ago.
    Dec 23, 2014. 03:53 PM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    "at the level reported"

    The cash raised at IPO and secondary is indisputable, where it's at right now could be disputed. Where ever it's at it could be used to pump the prime to stem the bleeding. I find it hard to believe the street doesn't see through the latest attempt to convince investors there's going to be a buy back. Pull my finger...
    Dec 23, 2014. 10:53 AM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    Nobody ever said there was "zero" cash, they did an IPO and a secondary, of course there is some cash. The cash issue is about whether the cash position reflects the amount of cash that should be in the bank based on the results of operations they claim (Faked).
    Dec 23, 2014. 10:22 AM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    I wouldn't be surprised if they weren't doing some token buying this morning just to prime the pump on this pump, in an attempt to put a floor on the sell off.

    They might stem bleeding short term, however no one except the defenders of the faith (that have no choice) believes this company is legit and gravity will eventually have it's way.

    Stick a fork in em, they're done.
    Dec 23, 2014. 09:58 AM | Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    Bingo that's the one. Besides their stock tanking since this announcement what's changed?
    Dec 23, 2014. 09:40 AM | 1 Like Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    I don't listen to their cc's but I could have sworn I saw mention they claimed they would be unable to buy back stock for a while due to all of their acquisitions? Wasn't that the excuse for not having bought back stock so far?

    Not that I believe a word they say, however it seems to me today's announcement is in direct conflict with recent guidance regarding buybacks.
    Dec 23, 2014. 09:21 AM | 1 Like Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    <<<Yes but they seem more like poor management to me. And that is exactly what a shortseller/reasercher because it's so easy to spin the roumour mill wheather they be fraudsters or ligit doesn't matter.>>>
    **********************...

    How do they go from everything they touch turns to gold before Muddy Waters shined the spotlight on them, to a bunch of buffoons now that they're being watched?

    It doesn't seem like longs thought these guys were incompetent until Muddy brought questions about their legitimacy into the spotlight (from what I understand other less known skeptics were questioning NQ even before Muddy outed them).
    Dec 22, 2014. 04:38 PM | 1 Like Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    "Longs, the cash they stole was yours. Plain and simple."
    **********************...

    Amen brother qrc! The only people who got ripped off were investors in NQ. NQ and TF surely got what they paid for. Unfortunately those who ignored the constant warnings and overwhelming evidence of fraud got what they deserved.
    Dec 22, 2014. 08:12 AM | 3 Likes Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    If NQ owned 100% of the 16 stores in run off and the old mans tutoring service the value wouldn't be in the same universe as the $240M that the 40% stake in FL is supposedly worth.

    Once again, in reality, the truth is almost certainly that 40% of FL mobile is probably worth 55% of 16 clothing stores in run off and the chairman's old man's tutoring service.
    Dec 22, 2014. 08:06 AM | 1 Like Like |Link to Comment
  • Down The Rabbit Hole With NQ Mobile [View article]
    RCI, I'm sure Kuebiko could do a much better job addressing your points than I can, however his point is not about whether the merger was legal, it's about what the purpose of the merger was?

    It's almost a shame that Muddy Waters already owns that moniker because from what I can tell your whole purpose on this m.b. is to muddy the waters around the real issue involved with the merger; what was the purpose? Why give away 40% of a supposedly $600M subsidiary for a 55% stake in 16 clothing stores in run off?

    JMO, however I suspect you know exactly why this was done, and you also know the truth is both parties got fair value in this deal. It seems your aim is to keep shareholders from figuring this out.
    Dec 21, 2014. 10:16 PM | 2 Likes Like |Link to Comment
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