Money shuffling PR won't work because still no disclosure of the banks that verified ALL the cash, not just $100 million ....
Translation IMO ? NQ is of course a legitimate company, but it really appears that they've overstated their cash position, as a transfer of $100 million for verification doesn't equate to a verification of $250 million.
1) After what's happened and all the law firms investigating its not likely that NQ is lying about about this cash transfer. 2) Not all $250 million will be transferred cause NQ gets a higher return in Level 2 cash than in a checking account. Thats good cash and investment management. Nice try shorty.
NQ not disclosing the names of the two institutions that allegedly verified ALL the cash and instead shuffle around $100 million PROVES that NQ does NOT have ALL the cash they claim. $100 MILLION IS not $250 MILLION. What about that do you not understand ? It's rather elementary for those with half a clue.