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NQ Mobile Inc. Message Board

  • mylkvveed mylkvveed Jul 6, 2014 11:16 AM Flag

    Occam's Razor

    1. NQ lost 60% of it's market cap on Muddy Waters initial report because it's a fraud.

    2. Management listed "because" as the reason for needing an extension to file their audited financials because they are a fraud.

    3. They didn't provide an explanation for missing the extension date to file their audited financials because they are a fraud.

    4. They announced the two fake heads I win, tails I still win, minority "investments" clearly aimed a providing a fake value to a couple of their business segments because they are a fraud.

    5. The summary of the Lawyers white wash report contains a disclaimer that files appear to be missing and management could not offer a satisfactory explanation why because they are a fraud.

    6. Ying Han, the head of the auditing committee (and head of the special committee investigating Muddy Waters claims) steps down for "personal reason" because they are a fraud.

    7. Ying Han doesn't step down from her role as chairman of the audit committee of Wuxi Pharma Tech for "personal reasons" because NQ is a fraud.

    8. Two months late on the 20-F filing NQ announces they are "considering" their auditors request for additional information because they are a fraud.

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NQ
6.50-0.17(-2.53%)12:53 PMEDT

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