In a statement Friday, NQ said "the allegations and accusations set forth in the Muddy Waters report ... are false and inaccurate and contain numerous errors of facts, misleading speculations and malicious interpretations of events."
In a separate statement Friday, NQ said its board had formed "an independent special committee to conduct an independent review of the allegations raised in a report issued by Muddy Waters."
The committee is composed of four independent directors of the company and is authorized to retain independent advisers in connection with its investigation, the company said.
I hope you are able to sell your stock. I have seen Chinese companies like this stay halted for weeks, eventually get de-listed and then open on the pink sheets for pennies on the dollar. The longer NQ stays halted today the worst the problem becomes for anyone who hold NQ shares long.