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NQ Mobile Inc. Message Board

  • portfoliomanager2013 portfoliomanager2013 Oct 29, 2013 9:16 AM Flag

    Money shuffling PR won't work because still no disclosure of the banks that verified ALL the cash, not just $100 million ....

    Translation IMO ? NQ is of course a legitimate company, but it really appears that they've overstated their cash position, as a transfer of $100 million for verification doesn't equate to a verification of $250 million.

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    • 1) After what's happened and all the law firms investigating its not likely that NQ is lying about about this cash transfer. 2) Not all $250 million will be transferred cause NQ gets a higher return in Level 2 cash than in a checking account. Thats good cash and investment management. Nice try shorty.

      Sentiment: Buy

 
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