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  • NQ Mobile: Does The FL Mobile Sale Valuation Actually Make Sense? [View article]
    I miss Giles too.
    Sep 4, 2015. 05:18 AM | 2 Likes Like |Link to Comment
  • NQ: The FL Mobile Sale Is FOR REAL (Making NQ Worth > $8.75) [View instapost]
    "i strongly believe management hates US capital markets"....

    why do you say that? US capital markets have been a haven for corrupt mainland Chinese to rip off naive American investors. NQ is a perfect example. NQ should send a thank-you note to the NYSE, SEC, PwC and MBP.

    Only when enough people finally realize what a piece of crap the company is does their management pull another card out of their playbook and do the relisting game "somewhere else". With their bridges mainly burned in the US, they go somewhere else. Hong Kong is far less desirable. Hong Kong liquidity sucks, disclosure rules are terrible, and the market simply lacks the depth of the US. You can have multi-billion dollar companies with razor thin volume.
    Aug 31, 2015. 10:14 AM | 1 Like Like |Link to Comment
  • NQ Mobile: Does The FL Mobile Sale Valuation Actually Make Sense? [View article]
    *HUH? So you're saying an outright sale of a business unit to a third party sells for a significantly higher multiple than if it were a listed entity with public shareholders? Um, based on what? Your opinion? The wind in the air?

    I think what you're trying to say is seemingly clever Chinese insiders were buying out companies like iDreamSky and CMGE and whatever else with the crafty little plan to relist in Shanghai, where until June was riding along on a rocket ship until it crashed into the mud. They were taking advantage of their companies' low share prices in the US and - at the encouragement of the HK investment bank community foaming at the mouth - would flip in Shanghai. Everyone would make money, except of course the minority shareholders in both the US who bought the hype originally, and in Shanghai would were supposed to lap up the hype upon relisting.

    It's not a coincidence the crappiest-run Chinese companies are getting taken private, and the well-run ones (BABA, JD, CTRP, etc.) stay listed in the US. It's becaues the crappy guys are run by jokers who just abuse minority shareholders and don't have long-term business vision. What iteration of NQ's business are we on now...4? 5? I can't even keep track. (and, come to speak of it, how many times has FL been "sold" now? at least 2 or 3?). If a joker comes along with a scheme for CMGE, or NQ, or whatever else, management is going to buy in if it lines their pockets. The public vehicle is just a tool to lift money from fools' pockets.

    If I understand the other thing you're saying, it's basically "they can get xx multiple in Shanghai, which is higher than the US, therefore you need to compare what multiple it could get in Shanghai." Of course, this is sheer nonsense, given the absurdly volatile nature of A-Shares, not to mention liquidity problems, almost-daily changes in enforcement rules including instructions not to sell shares for patriotic reasons, and all sorts of other shenanigans not worth printing up in here. In my years watching A-Shares, valuations have been all frickin' over the place. For 8 months they went up a lot and people started falling over themselves. Now, try not to trip on the way back down....(pretty funny for the companies who went private, and are now stuck in no-mans-land...they went private and then Shanghai tanked). Needless to say, A-Shares are not going to be supplanting the US markets any time soon in terms of trust in allocation of capital and depth of capital markets.

    To add an extra dose of comedy CSRC has suspended IPOs now in Shanghai/Shenzhen. Oops. So based on your metric - a company deserves the valuation it might temporarily trade at in Shanghai - I guess it's worth zero?
    Aug 28, 2015. 05:22 AM | 2 Likes Like |Link to Comment
  • NQ Mobile: Does The FL Mobile Sale Valuation Actually Make Sense? [View article]
    @Joe, Siv was an NQ bull back in the beginning and changed his tune when the stock tanked. Then he became a "trader", like everyone else who magically seem to make money no matter where the stock goes. You can just go see his old comments from a few years ago.
    Aug 28, 2015. 05:06 AM | 3 Likes Like |Link to Comment
  • NQ Mobile: Does The FL Mobile Sale Valuation Actually Make Sense? [View article]
    SivBum, man you're back at it. No matter how many times you repeat it doesn't make it correct. NQ is trading at $4 ...(after a 30% spike up!)... down from $20 (!!!!) when Carson published. I guess you call this TBD. I call it otherwise. Btw, he called NQ a fraud and a "strong sell".

    Or Spreadtrum. Carson never called it a fraud. He did write a dumb public letter to the chairman and that was it. Were you dumb enough to blindly listen to CNBC when they (incorrectly) said Carson was calling it a fraud, and then short that company? Is that the reason for your continued mistakes with this one? Joke is on you then, because that's not what he wrote. And he's allowed to rabble rouse - US activist investors do it all the time. Guys who don't actually read what he (or anyone) writes and just take verbatim what you see on Bloomberg, CNBC, Seeking Alpha or whatever, and then make wild generalizations, are subject to the losses you're eventually going to incur. SPRD was a real company that Block didn't understand. Big deal. I didn't lose any sleep over it, and I still think MW does solid work. And I made more money because I bought it on the (very temporary) dip SPRD took. Which is completely different than what happened to has never recovered, and has plummeted to new depths since he wrote, 2 years on. (even before Carson wrote, NQ was a joke of a fraud, the stock was just going up...reality doesn't change due to the stock price).

    FMCN is something you may never understand, or want to understand. It's a lot more complicated than you try to make it. Yes, there were serious issues at the company. And yes, it got taken private. So what. What doesn't make sense here is you can't have it both ways. You say NQ is "TBD" when the stock is down 80% 2 years later, but you claim he was wrong on FMCN - implied because it got taken out, and the stock price rose. Well, if he's wrong when it rises, then he's right when it falls. Do you see how your logic doesn't make sense?

    And have you done any serious work on FMCN? Have you investigated what they were up to? Actually gone around and talked to the companies they bought which were part of Carson's allegations? Talked to the guys taking it private in China? I doubt it. I happen to think many of MW's allegations were correct, but the privatization made it lose money. Again, so what. Nobody ever said short selling was easy.

    I could go through this exercise with literally every name you keep repeating again and again. None of it is simple like you'd like to have it.

    I don't even know Carson Block or Muddy Waters, but the guy does pretty good work and overall I think he's a real help to the investment community. It's your job as an investor to investigate your own work, but he can certainly point you in the right direction of malfeasance.
    Aug 27, 2015. 10:55 PM | 3 Likes Like |Link to Comment
  • NQ Mobile: Comeback Story Or More Nonsense? [View article]
    remember mgmt told us NQ stands for "Never Quit".

    Mgmt says a lot of epic nonsense, but this point they are 100% honest.
    Aug 25, 2015. 12:45 AM | 1 Like Like |Link to Comment
  • NQ Mobile: Comeback Story Or More Nonsense? [View article]
    says they guy who didn't identify himself
    Aug 25, 2015. 12:43 AM | 2 Likes Like |Link to Comment
  • NQ Mobile: Comeback Story Or More Nonsense? [View article]
    i return for a good laugh from time to time....nq and the occasional long promoter is always reliable for that
    Aug 25, 2015. 12:42 AM | Likes Like |Link to Comment
  • Questions Loom Over NQ Mobile [View article]
    well, if selby and friends owe royalties to anyone for NQ Seeking Alpha comments this is the group right here.

    boy was it a fun few years of commenting on NQ.

    i'm sure we'd all be happy to give selby some more pointers for his lawsuit if he'd come back to the boards to play again....
    Aug 25, 2015. 12:07 AM | 2 Likes Like |Link to Comment
  • Questions Loom Over NQ Mobile [View article]
    sweet. I hope you made a handsome sum shorting NQ, your knowledge on these jokers is commendable.
    Aug 15, 2015. 07:15 PM | 1 Like Like |Link to Comment
  • Questions Loom Over NQ Mobile [View article]
    who is the first guy? Is that long-lost Treasure Hunter?
    Aug 15, 2015. 07:43 AM | 2 Likes Like |Link to Comment
  • Questions Loom Over NQ Mobile [View article]
    strongly concur
    Jul 12, 2015. 10:24 PM | Likes Like |Link to Comment
  • NQ Mobile gets bullish coverage from Rosenblatt [View news story]
    @Cal, the truth is everything in HK is spiking like crazy right now. The crappier the company the more it's going up. Blatant frauds like Hanergy and the Goldin Group of companies were trading at tens of billions of USD. No doubt, that group of frauds inspires NQ - capitalize on the mania that's going on in A shares and in HK by getting TF pumped up, parlay that somehow into NQ, and hopefully get the NQ stock scam working again to get some more $$ out of gullible long American shareholders.

    It will be admittedly be harder with NQ, because the shares are much more difficult for the mgmt and their friends to corner (and then come to SA/Yahoo etc and troll with positive messages like New Investor). But I would never count out the con men and criminals behind these companies - as well as the numerous "friends" they have, who serve as loyal counterparties and shareholders in return for some kick backs - because they're smart, determined, and theoretically they stand to lose a lot more than any investor if they actually get in trouble.
    Jun 4, 2015. 04:42 AM | Likes Like |Link to Comment
  • The Executive Exodus Continues For NQ Mobile [View article]
    @ NI yes, it sure blasted off. From $3 to $5. Nearly doubled. Congratulations. From my cost basis....well it's still down 75%. Funny how math works like that.

    I would like to know from you, when will it get to $20?
    Jun 4, 2015. 04:37 AM | Likes Like |Link to Comment
  • Why NQ Mobile's Latest Earnings Look As Dubious As Ever [View article]
    nq gets so much more fun when there's a little upside vol to bring back the loonies
    Jun 2, 2015. 12:49 PM | 1 Like Like |Link to Comment