Recent

% | $
Quotes you view appear here for quick access.

Xinyuan Real Estate Co., Ltd. Message Board

  • chinarallpigsaccountedfor chinarallpigsaccountedfor Nov 1, 2013 9:19 AM Flag

    BIDU (Baidu) CEO affirms NQ is no fraud

    Said muddy waters a fraud. NQ up again today PM

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • rvga128 • 12 hours ago

      0 users liked this posts users disliked this posts 0
      Reply
      .

      The Market Realist Take

      NQ Mobile announced that it had relationships to provide its flagship products—NQ Mobile Security, NQ Family Guardian, and NQ Mobile Vault for Android—to more than 3,500 retail locations across the US, beginning June 24, 2013. In addition to the previously announced relationships with Verizon Premium Wireless Retailers (such as the Cellular Connection, A-Wireless, and Go Wireless) and Metro PCS and Cricket retailers (such as Gratis Cellular and I-Communication), NQ Mobile’s flagship products started to roll out to 1,500 target stores across the US beginning on June 24, 2013. NQ Mobile’s flagship products are also currently available on the Google Play store.

      On July 15, NQ Mobile agreed to purchase the remaining 45% stake in its subsidiary NationSky for $25.2 million. In July, NQ Mobile said that FL Mobile signed a new strategic cooperation agreement with Baidu under which Baidu DuoKu will be the exclusive publisher of the FL Mobile–developed game The Martial Arts Champion (Wu Lin Meng Zhu) on the Android platform in China. It also announced that FL Mobile has become the game content provider for China Mobile’s Game Center. FL Mobile also signed a strategic agreement with Tencent’s game studio Five Colored Stones, which gives it operating rights to a selection of mobile games developed by the studio on the iOS platform in mainland China.

      It also announced subsidiary NationSky will provide enterprise MDM services to Guangzhou Overseas Chinese Hospital, a major hospital in Guangdong province, in cooperation with GE Healthcare China, one of the world’s top-tier medical technology and services providers. Plus, AnBang Insurance Group, one of the largest insurance companies in China, has chosen NQSky as its MDM service provider to manage its company-issued mobile devices. On August 2, 2013, it announced that China Mobile renewed a contract for NQ to provide mobile malware monitoring, alert, and other security analysis services.

      NQ Mobile’s competitors include Qihoo 360 (QIHU), Tencent (TCEHY), KongZhong Corporation (KONG), and Baidu (BIDU). Less

    • Muddy Waters risk and associated mitigants

      In my mind, fraud is an extremely serious accusation—one that needs to be met fervently with refutation and substantive rebuttals by the accused. NQ has done as much as any company really can do in this degree. Some of its responses have been:

      Conference call within 24 hours of the Muddy Waters report to address major concerns
      Proof of cash through account balances and, more recently, an opening of a $100 million cash account—of which $16 thousand has been already transferred (Muddy Waters had said there was effectively zero cash)
      On this point, the stance of Muddy Waters is that all of its cash (audited by a reputable firm) is Level 2, which it has stretched to say that this must mean it isn’t there, in some form. It should be noted Baidu and SINA also have significant amounts of cash classified as Level 2
      Announced confirmation of NQ’s intention to buy back $35 million in stock (who would buy back stock in a fraudulent company?)
      An extensive and compelling presentation refuting line by line Muddy Waters’ claim can be found here
      Announcement of an agreement with China Mobile, Ltd. (the world’s largest wireless carrier) to license audio-based search technology from NQ Mobile

 
XIN
6.11-0.06(-0.97%)Aug 31 4:02 PMEDT