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NQ Mobile Inc. Message Board

  • bullish1_2 bullish1_2 Mar 4, 2014 10:05 PM Flag

    Toro Investments: Prepare for Blastoff

    http://seekingalpha.com/article/2062703-buy-the-nq-mobile-dip-and-prepare-for-blastoff?source=google_news

    Sentiment: Strong Buy

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    • From the article:
      "1.By now, everyone has seen the fraud allegations and had four months to review them ad nauseum. Included in "everyone" are NQ's executive team and other members of its global leadership team, NQ's board and its special investigation committee, the SEC, the Chinese government, NQ's auditor PWC, the special committee's financial advisor Deloitte (not the auditors, but rather Deloitte Financial Advisory Services, i.e., the "fraud guys"), the eight institutions who have become "page 1" holders post-MW and have collectively bought three quarters of the float, every single partner of NQ--including the largest carrier in the world (China Mobile), two of the other largest carriers in the world (America Movil, Telkomsel), the largest mobile Internet company in China (Tencent), the largest handset manufacturer in the world (Samsung), one of the largest technology distributors in the world (Ingram Micro), one of the largest carriers in the US (Sprint, owned by another of the largest carriers in the world, Softbank), one of the largest retailers in the US (Target), the largest European gaming company (Ubisoft), Apple (which hosts every single NQ app, including all the supposedly fraudulent games that were taken down)…These are all people who care about their partners and reputations. Why is everyone still firmly in their seats, doing business with NQ as usual? No resignations, contract terminations, lawsuits, delays. Just more business. Why?"

      Sentiment: Strong Buy

 
NQ
4.70-0.51(-9.79%)Jul 6 4:02 PMEDT