BEIJING and DALLAS, Oct. 24, 2013 /PRNewswire/ -- NQ Mobile Inc. (NQ), a leading global provider of mobile Internet services, ("NQ Mobile" or "the Company"), will hold a special conference call prior to market opening on Friday, October 25, with investors and mobile industry analysts to address false allegations.
The conference call will be held at 8:30 a.m. Eastern Daylight Time, Friday, October 25, 2013.
because of this right or wrong, I will never invest in the stock market again, I was warned years ago by someone on yahoo who had lost a fortune , I will paraphrase here, he said something along the line , of crooks and criminals dominate the stock market, and you will never win battling crooks, scammers and sub humans who will do anything to make a dollar. People who are willing to throw away their soul for a few greenbacks need to look at themselves in the mirror, and say was this really worth it,? you will get caught sooner or later whether you are a crooked company or a crooked short. You will get caught and you will spend a substantial amount of time in jail , no matter what your background is. I won't say what I really think because my comment will get banned, but those of you who have been around long enough know what I am talking about.. where I come from, when you place an ad in the paper and someone comes to buy it from you and tries to get it from you for free, it's called *ing you down.
Stocks are the best chance for ordinary people to achieve financal independence. It is a challenging endeavor but with hard work and perseverance to work through the setbacks very rewarding. You can only work so much per week. Your money in stocks works 24/7. If you don't like the roller coaster of small stocks move to more solid safer dividend stocks but don't stop investing.
If theyre a fraudulent company, then they have balls of steel. A fraudulent company issues a PR and then never says anything. Not NQ. They directly challenge MW and concerned investors to talk mano-a-mano. Should be interesting tomorrow AM.
hey Trade, completely agree. They're taking this head-on, the only legitimate way to handle this. I smell a big rat here. Not coincidentally, yesterday I was contacted by Schwab asking to loan out my shares as there was "high demand". This attack was pre-conceived and executed.Thanks for posting your MW summary on SHU by the way.
Sentiment: Strong Buy
Not true, this action is right out of the chinese fraud textbook. They will probably also have an investor day soon to address the allegations in detail. I would believe none of it unless it is verified by PWC. Be very careful here. Why do you think chinese real estate is at all time highs but the chinese stock market is at lows. It is because even the chinese do not trust the chinese, so they invest in real assets like real estate. Do yourself a favor and don't catch this falling knife. There are much better investment opportunities in the good ole USA. Questions about revenue cash and high accounts receivable are the tell. I don't like MW either but they don't throw around the word Fraud lightly because unlike the chinese, they can be found and sued. IMHO