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NQ Mobile Inc. Message Board

  • biotechwatcher biotechwatcher Jul 8, 2014 5:54 PM Flag

    conversation with Kim Titus and Grant Thornton

    With a Grant Thornton forensic auditor:
    Q. What is the chance that NQ rigged the fraud investigation or fooled Deloitte?
    A: No chance. Fraud is too easy to find in a company like NQ. Forensic auditors would need to be part of the scheme and likelihood of that is near zero.

    With Kim Titus:
    Q: Is the audit work ongoing?
    A: Yes.
    Q: What about the expanded scope of audit work?
    A: No.
    Q: Did Henry Linn say the 20f would be filed in November?
    A: No. That was a translation problem. Linn said the next review date is mid-November. NQ has till May to file the 20f, but we are doing it as fast as possible.
    Q: But if the expanded scope of work hasn't started, it seems like earliest filing date for 20f would be September?
    A: We have received no information or timetable.
    Q: Is there any update on 20f?
    A: No.
    Q: What happened with Altimeter?
    A: They sold, according to the filing. No other information.
    Q: Is there any current reason to expect a financial restatement?
    A: No.

    Ok shorts and other screwball posters--go ahead and attack. My answer will be same as always: this is what was said, it's not earth shaking, and there ain't no more.

    Sentiment: Buy

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