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NQ Mobile Inc. Message Board

  • stillondgo stillondgo Dec 10, 2012 11:36 AM Flag

    As I said before: I believe NQ is another Chinese SCAM

    I said just after the earnings that numbers do not add up and now it looks like I wasn't alone who went deeper than to surface and found management is not to be trust and sell sell sell is recommended!
    Recent article in few words:
    "NQ Mobile (NQ) claims itself to be the dominant mobile security provider in China and its cumulative registered user accounts and average monthly active user accounts in China as of September 30, 2012 were 141.9 million and 49.7 million, respectively. These numbers, however, are too high to believe.

    The secret of NQ's market share in China

    NQ said in its June Investor Presentation that its market share in China was 63% by March 2012. But it is very awkward that NQ didn't disclose and update its market share in the latest Investor Presentation as it usually did. Why? Clearly, that is something the company is trying to hide.

    The truth is cruel. NQ's industry position is massively overstated. Its user base has been inflated more than tenfold, while the reality has deteriorated badly in recently months."

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