They didn't or they bought back very little. And on one day only. It's not that expensive. Get real.
Again, this isn't Madoff level fraud. This is a company slightly padding everything. This is a China company. There are no ramifications. Only American bag holders.
I know body language very well..... he is always looking down to his left.....that means a deceptive response....he is paid too do this and he is a liar.....watch the video again
Load of garbage. He's looking directly at the screen until he checks his notes.
Shameless pumper that already lost 50% of his stake and about to lose another 50% of what's left.
This company is committing fraud and you know it.
How about a company that can't refute any of the alleged fraudulent acts so it says things like "that's ridiculous".
Well, even a little fraud could get them de-listed. A little bit more than a little will send the stock to $5. A #$%$ is a #$%$.
what else are you shorting? I've shorted BBRY, PLUG, HIMX, WLT and they've run their course. I need some new pigs ready for the slaughter.
Yes it is a fraud. Not a total fraud like a Madoff fraud, but a fraud in that these guys started padding results to keep the share price up. They are really about a $5 company.
Their revenue from advertising is totally out of the blue and against their stated policy. Their supposed advance payments on accounts payable and purchases is unexplained. Their purchase of a nothing dating service company for 80m is bizarre.
And their cash burn tells all.
Bottom line, they got in over their heads and started fudging numbers to keep their share price up and now they are stuck with their lies that will eventually be uncovered.
chen is one of the best ceo/s in the world!!!!
I know, I know Kim Jung--er, I mean Chen is your supreme leader.
He sell your company assets. Make you lots of money. You get out of phone business if Supreme Leader Chen can't make money in phones. Chen smart. Chen say if I can't make money I leave. You now software security and servicing company. You find way to make money in software security like with hospitals.
You go long when Supreme leader Chen on your side. He never lose. He Zen Master.
Talk is cheap. Put your money where your mouth is.
I'm looking at a black run ski slope chart with a little jump at the end and betting the landing after the jump is more black ski slope. But you go ahead and bet that around the corner is a mountain--- or even a hill.
The statement was a quote from NQ--from yesterday.
Get a clue.
Did you look at q1 results? Have you listened to supreme leader Chen's comments?
There is no upside here in the foreseeable future and lots of downside.
$5 by end of current quarter. Guaranteed.
"The negative cash flow stemmed from the “extreme measures” the company took, including prepaying for game titles and other partners for services and paid down our accounts payables to vendors, it said. "
The company claims to be profitable and then releases a negative cash flow statement.
Suuuuurreeeeee. Extreme measures alright. It's called saying anything to keep this fraud going as long as possible.
Not all but lots. No upside potential and huge downside potential. My kind of short.
NQ founder and chairman Yu Lin even made this statement in January 2013:
“Why don’t we take ads? I think the format of ads on mobile phones is not mature yet. Furthermore, there is a fundamental conflict between our safety service, by its very nature, and the advertising model. If you want to target ads accurately, there will be privacy issues.”
then Lin reported 14m in revenue in q4 alone. Advertising revenue is the poster boy of Chinese fraud.
"NQ announced that it yet again spent a lot of money on what is likely a little company called Tianjin HuaYong Wireless Technology Ltd. (vLife). (vLife had only raised a total of $500,000 since inception in 2006, and appears to have previously operated a dating website.) NQ announced that it bought 58% of this company for approximately $80 million." ------- 80 million for a dating website? Really? Suuuurreeeee.
This fraud is going down sooner rather than later.
Careful. this isn't a free market.
This is the company buying shares to prop up the share price. They can't do it forever and when they stop--if there's any meat to the allegations of fraud, this is going to $3 fast.
You two are getting smoked......it has to hurt.
Hah? It was a hell of a ride. 8.20 down to 7.76. I sold 3/4 and made a ton but held 1/4 because it missed my limit cover by 1 penny and will probably load up tomorrow again.
you didn't know it was rigged. It was NQ buying their own shares to stop the crisis.
Earnings fell short of estimates largely because of $8 million in one-time expenses, including fees related to forming a special committee investigating allegations. While it expects as much as $8 million in additional costs in the first quarter, it won’t affect NQ’s operational business, according to the statement.
8 million in one time expenses? To investigate? How do you spend money investigating yourself? Don't your already know yourself?
And 8 million more in additional costs this quarter? What for? Like that's not suspicious.
I've shorted BBRY and PLUG and NQ and HMIX ---and they've all gone down so much I feel I'm kind of at the end of the rope on all of them. Looking to hunt new game.
It is a Liquidity Positive Event.!!
Wow is somebody paying you?
Er, ah my company just shut down so that means it's saving money so it's now a buy, right? That's a good sign, right?