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SivBum

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  • FOMC: Q1 slowdown "transitory" [View news story]
    Care to help those DIYs a favor by posting a link to national accounts analysis?
    Apr 29, 2015. 03:45 PM | 3 Likes Like |Link to Comment
  • Warren Buffett sings Coca-Cola's praises at annual meeting [View news story]
    There is no excuse to own a company that pushes sugar water, root cause of the epidemic diabetics II all over the world where coke and pepsi are marketed. Ditto with tobacco cancer stick makers.
    Apr 29, 2015. 03:42 PM | 2 Likes Like |Link to Comment
  • Hess swings to loss, cuts 2015 capex by $300M to $4.4B [View news story]
    What pain? According to Hess, lower domestic activities are back filled by booming business in Africa and Asia. Like some of my Texan friends, they are looking for diversity and consolidation opportunities to weather this passing storm.
    Apr 29, 2015. 09:56 AM | Likes Like |Link to Comment
  • Premarket Gainers / Losers as of 9:10 am [View news story]
    HLSS down 96% ??? Where are the lawyers and Alfred Little or Carson Block? The distribution at the end of yesterday might have something to do with the 96%???

    Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

    On April 20, 2015, Home Loan Servicing Solutions, Ltd. (the “Company”) received a letter (the “Nasdaq Letter”) from the Listing Qualifications Staff (“Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that Nasdaq has determined to delist the ordinary shares of the Company from Nasdaq pursuant to the Staff’s discretionary authority under Listing Rule 5101. The Nasdaq Letter stated that the Staff’s determination was based on its belief that the Company is a “public shell” as a result of (i) the Company’s sale to New Residential Investment Corp. (“New Residential”) of substantially all of its operating assets, as announced in the Company’s Current Report on Form 8-K filed on April 7, 2015 and (ii) the Company’s plan of complete liquidation and dissolution pursuant to which a distribution of approximately $1.2 billion, or $16.613 per share, will be paid on April 27, 2015.

    The Nasdaq Letter further stated that the Company may appeal the Staff’s determination to a Hearings Panel (the “Panel”), pursuant to the procedures set forth in the Nasdaq Listing Rules. A hearing request would stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. Unless the Company requests an appeal, the Company’s ordinary shares will be delisted from Nasdaq at the opening of business on April 29, 2015 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on Nasdaq.
    Apr 28, 2015. 09:22 AM | Likes Like |Link to Comment
  • Dallas Fed Manufacturing Outlook [View news story]
    Fracking and crude price effect?
    Apr 27, 2015. 10:46 AM | Likes Like |Link to Comment
  • The Executive Exodus Continues For NQ Mobile [View article]
    investor 25.

    Don't be delusional. You sounded that a poster, who since disappeared, who insisted NQ would go to $20 and more. He said he was all in and adding cash into NQ when it was tumbling. He said he was on margin and borrowing against other assets to load up NQ ... can't recall at what level but certain it was in the teens. Of course he/she was never heard again.

    There is no free lunch and certainly not such a thing as a winning lotto numbers for tomorrow's drawing, only winning numbers from past winners.
    Apr 27, 2015. 10:11 AM | 2 Likes Like |Link to Comment
  • The Executive Exodus Continues For NQ Mobile [View article]
    With his education and pre-NQ professional achievements, amortized ~20 mil shares in compensation to recruit him into a tiny Chinese firm was not out of line at all.

    If NQ remains to be viable and worth something comes 2016, he should be in fat city, not that he is not already hedging the shares already vested today.

    Again, wind down the Dallas office already. May be they'll announced in the next EA.
    Apr 26, 2015. 10:17 AM | Likes Like |Link to Comment
  • The Executive Exodus Continues For NQ Mobile [View article]
    Faxbot, right, the buyers decided to sink good money into a company with no prospect of any return other than 100% in the red.

    My point is, to borrow from a hollywood quote, this author seems to have throw in 11 hot potatoes in the mix and yet not long or short:

    The Greater Fool is … a patsy. For the rest of us to profit, we need a greater fool, someone who will buy long and sell short. Most people spend their lives trying not to be the greater fool; we toss in the hot potato, we dive for his seat when the music stops. The greater fool is someone with the perfect blend of self-delusion and ego to think that he can succeed where others have failed.

    This game of Littles and Block was made by greater fools.

    *** Privatized HRBN, CFSG and YONG were not Block's short candidates. Focus Media, Spreadtrum and Fushi Copperweld were. Fushi may be in trouble as it is in the Copper trade. Not sure about the other two. Do you?
    Apr 25, 2015. 10:59 AM | Likes Like |Link to Comment
  • The Executive Exodus Continues For NQ Mobile [View article]
    11 articles in less than 10 months, each of them have been scathing on NQ being a fraud and served as bashing vehicles for shareholders of any kind. Yet, had/has no position in NQ!

    Over the years, I have seen several decent micro and small cap companies destroyed by short sellers in collusion with the likes of Alfred Little and Carson Block. Some survived but only after spending enormous amount of precious capital and managerial resources to counter the charges. Regardless of outcome, the investors, shareholders, suppliers and employees all suffered financial losses in near term.

    While I admire the real whistle blowers but despise those opportunists whose one and only objective is to put out biased op-ed articles on questionable issues of micro cap names who have least chance to defense themselves.

    Since SNOFF, the US listed Chinese companies have been favorite targets. Over time, the frauds were either destroyed or self-destruct. Over time, both the opportunistic short sellers and Chinese companies got better in their play books: former in mounting short attacks and latter in putting out the smoke.

    Most recent 9 calls of Carson Block proves my point. All 9 companies survive. Nearly half had privatized. A few are thriving. A couple are still struggling. NONE HAS GONE TO PINK SHEET.

    This Game of Littles and Blocks is coming to the end.
    Apr 25, 2015. 10:10 AM | Likes Like |Link to Comment
  • The Executive Exodus Continues For NQ Mobile [View article]
    Agree with author that the exodus is not done. Matt and the entire Dallas office are next to go. A good thing as they failed to generate significant business outside of China.
    Apr 24, 2015. 12:25 PM | 1 Like Like |Link to Comment
  • NQ Mobile's 2014 Annual Report Reveals Underperforming Businesses [View article]
    kiko,

    I was referring to the most recent consecutive calls on companies not formed with RIPOs. Let's don't stray out of my boundaries with SNOFF or RINO etc. On American Towers, I don't have time to check but Block ensured followers that it was a great short with a certain price target. As for most others, Block relentlessly called their books cooked to the bitter end until they had gone the MBO/LBO route which I had suggested long ago for NQ.

    Meanwhile, if you had followed my comments, you did read my comment that BABA was likely to have accounting issues by virtue of a young company in hyper growth. I cashed out my meager IPO allotment on the first trading day and won't consider it again until below $80.

    BTW, I don't consider myself as a NQ investor, just a speculator that $3.50 was the bottom and not a big bet at that.
    Apr 21, 2015. 01:19 PM | Likes Like |Link to Comment
  • NQ Mobile's 2014 Annual Report Reveals Underperforming Businesses [View article]
    Keubiko,

    Which one was in question other than NQ, which is still alive and not zero or on pink sheet as of today:

    Focus Media
    Spreadtrum
    Qihoo
    Fushi Copper
    New Oriental
    Olam International
    NQ Mobile
    American Tower
    China Mobile Games & Enter
    Apr 21, 2015. 11:47 AM | Likes Like |Link to Comment
  • NQ Mobile's 2014 Annual Report Reveals Underperforming Businesses [View article]
    scott, That was then when institutions did not abandon NQ and share price was at $7.31. I had since changed my mind based on subsequent actions by Omar and Lin made it clear that their strategy of share dilutions with non-disclosure, failure to generate revenues outside of China, mum IR from Dallas, refusal to consider MBO/LBO, RIPO mess and ignoring bottom line. I had gone from long to trading, calling top managerial change including Omar and Matt ... and close the Dallas office already.

    BTW, as I had disclosed in SA, I turned to accumulate but only at small 27K share position at ~$3.50 cost basis. I have been watching this simply to see if Muddy Water's record will be 8 of 9 wrong or all wrong.
    Apr 21, 2015. 11:24 AM | 1 Like Like |Link to Comment
  • NQ Mobile co-CEO Khan resigning; shares +4.6% (updated) [View news story]
    In CC at 6AM PT, Matt opened and Omar gave himself an attaboy award and insisted that he has left NQ in a better place - blah blah blah. His spin seemed to be his recognition that China is where the business is. Pretty clear to me that there is no need for another CEO outside of China, nor an expensive team in Dallas.
    Apr 21, 2015. 10:10 AM | 2 Likes Like |Link to Comment
  • NQ Mobile co-CEO Khan resigning; shares +4.6% (updated) [View news story]
    Looks like he was forced out and not so much a secret after his muted performance in the earnings call. I am waiting for the closure of the Dallas office which has nothing to show and silent as church mice as well, instant positive cash flow for the company.
    Apr 21, 2015. 09:42 AM | 3 Likes Like |Link to Comment
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