The current market cap is 276.3 million dollars and the cash
on hand is 280.03 million. The dolts (shorts) who are talking about BK better go back to basic arithmetic before they make statements. NQ management leaves a lot to be desired but the balance sheet and the income statement are all that matters. It's also what DT did the forensic audit on and stated that the claims made by Carson Block and his muddy waters were unsubstantiated and false. Many of the major holders would be happy with a privatization at $17.00 to $21.00 simply because management doesn't seem to know how to deal with a market as crooked as the one run by wall street.
that's just gross cash. Cash net of debt is much lower and given the highly likelihood of fraud the buyers of the recent convertible might be entitled to demand early repayment. Add plenty of class action lawsuits and investigation costs and bankruptcy WILL be the final outcome once the company board has replaced the current senior management team. Which won't take too long anymore...
That's right a lot of folks just are clueless. The whole structure is worth about $1.5 billion. Unless their losing customers which they are not I am not losing any sleep. Mobile devices are the future.
Hey cheesecake you know how quickly that money will be gone when or if fraud is found!
Just like it came out of nowhere to get into the account to prove they had money. It can go away just as fast.
You think the professionals don't have as much if not more information on this than you do yet they will not touch it.
seriously,you really think that the shorts are responsible for this fiasco????
not NQ management?shorts attack plenty of companies,if the business is legit and the management good ,shorts get fried,NQ has obviously some skeletons in the closet or it wouldn't be valued below cash..
you're in total denial......