Rumored price of offering is in mid way fight and that transfers to $14-15 per share.
So, stock will take a dive about $2 under that when announced officially and more of the company problems will be exposed. Last --few days ago company was shocked that somebody found out their practice is in the serious questioning and could be actually something more serious especially now when they want to pull out more money for their pockets. Wow, all is coming very well together. Same like other certain Chinese companies.
Where do you get this rumor? See QIHU example where on August 27th press release they said essentially the same as NQ's current release. When pricing came out on Sept 5th press release, the conversion price was $110 per share when QIHU was trading at $79 (a 40% premium on conversion price). See these two press releases and compare to NQ. I'm long and am hoping that NQ is following QIHU's lead in getting low interest cash on balance sheet without any dilution based on large conversion premium. Will have to wait on pricing of conversion in about a week.
Seems to have a weird cult following and buyers galore, FWIW. Will wait for 15, as never saw the reason why this ran up the way it did to begin with. Only a couple in this blog that know the score here. And you are da man Gogs. Had my doubts at first, but these Chinese stocks are here today and gone tomorrow. Even Bidu looked like a slippery pos a few months back. And they don't get any better than that one.