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slammer1

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  • NQ Mobile, Learned It The Hard Way [View article]
    Totally agree w/ Steven L.! While I think that the "re-audit" by a 3rd-tier friendly audit firm may have some credibility (we'll see), none of the other criticisms of NQ's "management" are in any way mitigated. They are a total joke and a disaster w/ little credibility.
    Oct 29, 2014. 02:24 PM | 1 Like Like |Link to Comment
  • NQ Mobile Filing Suggests 20-F May Not Be So Imminent [View article]
    LOL!!!!!!! Wishful thinking.
    Sep 2, 2014. 12:49 PM | Likes Like |Link to Comment
  • NQ Mobile: It Can't All Be A Scam, Can It? [View article]
    Right on! Was a senior office of a NYSE listed company. We ALWAYS filed our SEC filings, and ALL of them on time; no BS and no late filings. I could not concur more with Peter Stevens. There is no room or excuses allowed for "rapid growth" nonsense as an excuse that their accounting and public reporting is a little sloppy or late. Late?? Not even filed 10Q's timely! Really?!
    Oh, and yes, like Mr. Stevens said, grocery vendors (NYSE:NQ) PAY the grocery store (Whole Foods) to put their wares on grocer's shelves. Not the other way round. Unless the vendor's name is P&G or J&J. Hardly the case here w/ an insignificant, nightmare called "NQ."
    Aug 21, 2014. 02:52 PM | 5 Likes Like |Link to Comment
  • NQ Mobile: It Can't All Be A Scam, Can It? [View article]
    Totally correct factual observation and statement.

    EVEN IF NQ turns out to not be substantially a sham and a scam, there could not be any worse, more irresponsible, unprofessional management. Absolute joke. "Management's" zero credibility has been created by the actions of NQ's own "management" team, not by the so-called short sellers or even Muddy Waters. If the company was properly run, filed the required SEC statments timely, was careful and measured about their public disclosures, faded the useless "wallpaper"-type hypebole, stuck to actual statements of fact, etc., there's not much MW or the derided short-sellers could do in the face of actual performance to the contrary. That's how well-run public companies conduct their business. But unfortunately, those are simply NOT the facts.

    Incredible self-inflicted wounds and gross management; problem is that the shareholders get to pay for it. And for any derivative class-action lawsuits that may transpire.
    Aug 21, 2014. 01:25 PM | 4 Likes Like |Link to Comment
  • NQ Mobile: It Can't All Be A Scam, Can It? [View article]
    I used to be an EVP and CFO of a Euro-based international privately-held telecom company that dealt with several state-owned national telecoms. When a state-owned and controlled telecom (like China Telecom) signs and insignificant "wallpaper" (sic!) little app w/ an insignificant company like NQ, they are generally NOT doing an financial audits on the vendor or providing some kind of "clean bill" of financial or operational health, implicit or explicit. As has been said numerous times before in these discussions, NQ's "wallpaper" app is a joke. Look at your smartphone: how many of you have NQ's or some other little vendor's "wallpaper" on it?
    Bottom line: Milkweed is exactly correct: neither China Telecom or any other large state-owned telecom is opining whether an app/"wallpaper" vendor is true, accurate or complete in its disclosures or treatment of its shareholders. How naive to think otherwise!
    Aug 21, 2014. 12:06 PM | 4 Likes Like |Link to Comment
  • If You Bought NQ Mobile Over $9.80, You Could Get Hosed [View article]
    LOL! Here's possibly and ironically the most "humorous" thing of all: each of the commentators on here (including myself) actually apparently take NQ seriously as demonstrated by the amount of comments on NQ. What a joke! Unfortunately, the joke's on us: this much time and energy on a scam. And yes, I lost $ on NQ's scammy stock, made $ being long puts on it in unrelated trades. But overall, an acknowledged net loss. Hardly the end of the world, but what a scam and utter BS this has been. NO one, NO legit management, runs a legit publicly-traded company like this.
    Jul 30, 2014. 02:32 PM | 3 Likes Like |Link to Comment
  • If You Bought NQ Mobile Over $9.80, You Could Get Hosed [View article]
    Right on, brother!
    Jul 30, 2014. 02:13 PM | Likes Like |Link to Comment
  • If You Bought NQ Mobile Over $9.80, You Could Get Hosed [View article]
    Said it numerous times and say it again (sorry for the repetition): TOTAL and unsophisticated and crude scam and fraud. But would it surprise anyone if the insiders (so-called "top management") made yet another inside deal w/ Bison (sic) to convert and tender their shares which had much higher exercise prices on their million of shares or options at....drum roll...>>> less than $9.80/share??!).
    Ironically, yes, there will be and "deserve" to be class action suits, but who pays for those? the common shareholders (damn, screwed again by the self-righteous "top management"), not the insiders. Like that??
    Jul 30, 2014. 02:10 PM | 3 Likes Like |Link to Comment
  • Did NQ Mobile Officially Fire PwC? [View article]
    This is an understatement, to be sure and well said!
    More seriously, and I'll continue to drumbeat this until proven wrong (doubt that given NQ's consistently bad behavior and scary serially bad management decisions), this has all the appearances of a scam and fraud that has gone on and on. And on. Truth and nothing to hide doesn't need to hide or take this long. Scams begat foot-dragging, the invention of more coverups, procrastination, etc., etc. Take the smell test: how does this smell to you??
    Alcoa is always the first NYSE-listed company to announce their quarterly earnings. Just a LITTLE big bigger and far more complex than "mighty" (sic!) NQ w/ far more complex and global financials, including transfer-pricing, FOREX issues, etc., etc. Why does Alcoa always file on time and straight-shooting NQ can't even file their measly 10Ks on time??
    Smell the test.
    Jul 28, 2014. 07:41 PM | Likes Like |Link to Comment
  • NQ Mobile +5.8% following deal with Verizon reseller [View news story]
    Sorry, I meant licensee (A Wireless), not licencor (which would be NQ). Yes, you are correct about the "association," but in the tech world, not many people worry about things like this; it's just life in the big city.
    Jul 23, 2014. 04:59 PM | Likes Like |Link to Comment
  • NQ Mobile +5.8% following deal with Verizon reseller [View news story]
    That's a good question, but perhaps this is the answer: ALL they are doing is LICENSING via paying a small fee to a vendor for an app. That's all. They're not buying into NQ or making any or attestation of NQ. And although I have no way of having access to nor have time to spend looking into it, it is highly probable that A Wireless (NOT VZ) has plenty of representations, warranties, covenants and indemnifications from NQ as to the ownership of the app, etc. and strong indemnities if any claims are made against NQ by its shareholders and/or other claimants vis a vis A Wireless. In other words, the licensor of the app has no liability to any future plaintiffs or claims against NQ; they're just a licensee. Make sense?
    Jul 23, 2014. 04:40 PM | Likes Like |Link to Comment
  • NQ Mobile +5.8% following deal with Verizon reseller [View news story]
    "Hope burns eternal in the hearts and minds of men." NONE of the fraud, gross mismanagement, misrepresentations and lack of disclosure, audit-results, lack of revenue, insider hosing of the non-insider shareholders (selling the hell out of the shares as they plummeted to 3 by withholding key information), bogus hype announcements intended to project growth, "partnerships" like this one w/ A Wireless that generate little/no actual revenue and/or EDITDA are magically addressed by yet another hypey great partnership announcement: btw, it's been around for quite a while.
    Jul 23, 2014. 12:02 PM | 1 Like Like |Link to Comment
  • Why NQ Mobile's Advertising Revenue Numbers Look Questionable [View article]
    Some impressive and insightful analysis and reporting by, especially, Mobile Investor (kudos and commendations. You should be working as a Wall Street tech analyst!).

    But being in the capital markets and asset management business, I shall only re-iterate my earlier comments: the pricing (of the stock) speaks for itself. Neither the "company" nor "top management" has any credibility whatsoever. The putative #'s make little sense, are internally inconsistent, as is the "corporate strategy" (sic!). IMO, a failed, fraudulent company that is a very bad joke where I suspect many of the insiders did exactly what another commentator here said earlier: sold their shares out at much higher prices while deliberately misleading the public shareholders while such lack of or material misrepresentations were ongoing.
    Jul 17, 2014. 06:43 PM | 1 Like Like |Link to Comment
  • NQ Mobile: Oops [View article]
    Here's what the NQ boys ought to be doing: http://cnb.cx/1r3snKB, but that would take being honorable, right?
    Jul 7, 2014. 01:14 PM | Likes Like |Link to Comment
  • NQ Mobile: Oops [View article]
    It's amazing and in some thankful but bizarre way, hard to understand why so much analytical brainpower, research and time is spent by well-intentioned folks commenting on NQ, when it's eminently clear that NQ is a complete scam, sham, a total fraud and all of the so-called "top" management and insiders and founders need to be criminally prosecuted by the S. District of Manhattan DA's office, that extremely successful DA's office that has resulted in numerous convictions of insider trading and other securities violations on Wall Street. But those were at least to some extent "sophisticated." This one's just simple theft, misrepresentations, fraud.
    Jul 7, 2014. 12:41 PM | 8 Likes Like |Link to Comment
COMMENTS STATS
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75 Likes