MW is lying about their NQ research, because they didn't interview 800 people in 2 months.
He told Bloomberg that his report took him 2 months, and his team interviewed over 800 people in China and other businesses that have dealt with NQ.. well, NQ should take them to court and let MW proves where and who did the interview, and questions they asked, did they interview in Chinese or English (MW doesn't have Chinese speaking in their staff) what kind of scientific tools to analyze the answer (they didn't interview 20 people a day for 2 months, voter research don't even interview that many people in 2 months). How many companies did he talked with, and what he was talk about to come to a conclusion of fraud inNQ part ?) make them show the airline tickets, hotel bills, expense reports, visa and passport document for all the interviewers that they were there to do their research.
In addition he claimed that they loaded NQ apps and made bank transaction numerous times (Bloomberg cut him off, like to hear the outcome of his analysis on the apps )
Everything about this company is a lie, cheat and steal.. make them pay, hang them up side down..
$500 mil. damaged to investors in 2 hours, it is worsen than 9/11 event. This is financial terrorism, these terrorists should be tracked and eliminated.. Just like we did with Bin Laden and his conspirators.
Some good ideas here. Why is it only NQ is on trial here?? How about MW???? Doubt they went to China and if they did wouldn't NQ customers call mgmt. and let them know this dog was sniffing around for private information???
Actually Muddy Water is based in Hong Kong. The real problem, in this case and every other, is that ADS book runners probably don't go to China and knock on doors, before promoting and listing the companies they underwrite.