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NQ Mobile Inc. Message Board

  • applengineer applengineer Apr 4, 2014 12:50 AM Flag

    Marc Lehman ‏@ markflowchatter

    who has almost 14000 followers, says Piper Jaffray officially terminated coverage Thursday night. (Note that Piper previously suspended coverage from Buy. On Nov 5, 2013 “We are suspending our rating, price target and estimates for NQ Mobile until we have more deeply investigated various allegations against the company made by third parties”)
    If Piper went from "suspended" to "terminated", this would be an enormous blow to NQ shares, Piper being it's IPO underwriter. Furthermore, the motivation behind such drastic action is troublesome in light of next weeks earnings release. In my opinion, the only conceivable reason would be a result of Piper's own investigation.

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