They gave him what a gambler deserves
Of course, most CHinese companies have issues with control but that has nothing to do with fraud. Even if you check Baidu today, you'd see the same issue. Now, does that equate to fraud or fake financials...Deloitte told us NO NO NO NO NO. NQ's finances are consistent with public filings.
Longs have carefully and methodically bought everything under $5. Now...$7 IS A MUST ACHIEVE BY FRIDAY. Sorry, shorts. You need some BRAIN in this business.
Sell more...bulkheads...and thanks for those shares under $3.30
"The Initial Funding was subject to claw-back provisions if certain contractual requirements, including performance criteria, were not satisfied. In light of the claw-back provisions, the Company classified the Initial Funding as an advance payment, holds the funds as restricted cash and deferred recognition of the funds as revenue.
VWP does not expect to incur any early termination penalties as a result of the Termination Notice and does not expect that additional costs to close out the Project will be material."
THIS IS WHY THE BIG HOLDERS ARE NOT SELLING...SOME ACTUALLY BUYING MORE!
I grew up in a small village that had snails as the main delicacy. Here's how it is done. We send "hunters" to gather the snails. Two days later, the entire village is summoned to the village square for the cooking. We make a huge bonfire and dump the snails into the fire. Then we gather around the fire and start dancing and gyrating in circles. While we gyrated, the snails would start producing tons of fluid in an attempt to quench the fire. We increase the temp of the dance. The snails would produce more and more fluid and struggle with everything to quench the fire. Guys, in the end, the snail would have exhausted all its fluid and the fire quickly cooks it. Then we feast.
That my friends is exactly what the shorts are doing here. The are about to run out of their fluids and all LONGS will soon feast. Ohhh, thank you for the idiot that sold it to $4.20 today. He helped me buy back what I sold the other day down there. And I saw the post from another short that just appeared on Yahoo talking about "accusation of fraud." I laughed really hard and bought 2352 at $4.37 I guess. That was my last card...I AM NOW 100% in NQ and hold baskets of thousands of it. This is it...this is my 2014 play and I will just seat back and watch my $$$$$$$$$$$$$$$$$$$$ grow. I applaud DA LIVING GOD!
Yet this same lady resigned from another company Wuxi Pharm today for PERSONAL REASONS.
Also, the idiots at Muddy Waters stated that the Chinese side sold. Yet, today we learnt that the insiders are subject to trading blackout and actually were going to buy about $3 million worth of shares. Yet the SEC has not issued an arrest warrant against Block for market manipulation
And all these idiots without brain are shorting on fallacy...upon fallacy. Get some brain fools and make real money. Just one smart Hedge Fund jumps in here and NQ will fly to $20
I am 100% in here now..sold EVERYTHING AND BOT. I have 15k shares now. I will use my margin to add if and when it comes close towards $4. For now..all my cash is in for 15680 shares all avg $4.34
I had to dump JCP and loaded uppp. First bite was $4.68, secong bite $4.49, third bite was $4.38. 7000 shares in all.
dead on the money call - my friend. You look at the business and IGNORE THE NOISE
I thought that was funny and scary. These fools will always write stuff that is unreal but with an angle to satisfy thier trades. If you ever heard of a Chinese company called LONGTOP - ticker LGTP but now shut down by the SEC. These fools made me buy it at $20, when in fact, it was worthless. I learnt my lesson and has been following the money. I have been long BBRY since $7.29, but DOUBLED MY HOLDING AFTER THE ER. Read my previous posts on this name. Hopefully, by next week, I will be able to buy more as I release funds from other holdings. BBRY is where to be and THE COOLEST FOR THAT MATTER. Yes I read Citron's Research Report and also Morgan Stanley's. Great reports. $15 will be here sooner than later. Mark my post!
keefwot, I see you post all these whacky stuff about anything green, from TSLA to Chinese companies. It's OK to keep your beef with those. For OPTT, another way to look at it for it to make some sense to you (these stuff is hard to understand sometimes) is, if you had $20 million or so and had the option to grab OPTT, would you? The market cap is actually much less than $20 million when you subtract its cash from about $30 million). Well, a bunch of folks would go for that in a run. Maybe it makes sense for you to look at it from that platform...unless of course, you have your other reasons for being blindly negative to the first post.
What the ZAck team does is, once they get an interest in pumping or thrashing a stock, they BLINDLY continue doing so until their followers get burned. Check out MITK. These idiots at Zack kept posting great stuff about the stock when it was at $6...just about four months ago. I thought they have any clue what they posted and listened to Zack. I sold MITK at $3.39...over 40 percent in losses. For those that think the fools at Zack have any clue...GOODLUCK! I hold RGSE and I am a BUYER down here
This may be one to stay long in for a while...towards $11 at least
And of those that rate it a sell, a good number of them have their PT at 0.70 and some even higher. And that the stock was 4 cents shy of the lowest of the PTs, while a few are above $3
And I am waiting to go all in at $0.52.
If SCTY is a yardstick for valuing RGSE, we have about $1.3 BILLION DOLLAR COMPANY HERE.