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applengineer 226 posts  |  Last Activity: Apr 29, 2015 6:37 PM Member since: Jun 23, 2010
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  • applengineer applengineer Apr 29, 2015 6:37 PM Flag

    Contagious? How about embarrassing? Tencent has a publisher/distribution agreement with NQ/FL - yet they not only didn't make an investment in NQ/FL, but they invested in a San Fran founded USA based company. How's that for all things NOT Chinese.

  • applengineer applengineer Apr 29, 2015 6:19 PM Flag

    Let me add:
    20) Shorts didn't cause NQ Mobile to enter into a $5.1 million settlement agreement March 2015, in the class action against NQ mgt et al, alleging various press releases, financial statements and other related disclosures made by NQ during the alleged class period contained material misstatements and omissions, in violation of the federal securities laws, and that such press releases, financial statements and other related disclosures artificially inflated the value of the company’s ADSs, subsequently incurring enormous losses for shareholders like yourself from March 6, 2013 to July 3, 2014. Remember Omar and Henry vowed to vigorously defend themselves against such outrageous allegations in every conference call since the MW debacle. Furthermore, surrendering to a settlement with disgruntled shareholders defies logic since NQ already spent $7 million in legal. Were they concerned about the NTPs demanded in discovery?

  • applengineer applengineer Apr 29, 2015 4:41 PM Flag

    (continued from first page)
    18) cause NQ to abandon their core competency with the ongoing transformation of NQ Mobile from mobile security to unproven social platforms and a scattered enterprise business of mostly low-margin hardware sales - to reinvent the company as wholly core-incompetent.
    19) cause NQ to generate negative OCF after backing out Bison's $20 mil "gift".
    20) cause the massive $320mil goodwill on the balance sheet equal to NQ's entire market capitalization, amounting to overpaying for unprofitable (and sometimes bizarre) businesses with little intrinsic assets, of which I predict will be grossly impaired in the near future.

  • Shorts DID NOT cause:
    1) the resignations of two CEOs, two CFOs, one audit committee chairperson, two directors, one VP of Communications, and one IR manager
    2) NQ to issue $20mil/qtr in share-based comp and $20 mil/qtr in EPS losses
    3) NQ to buy a gross of non-core companies, and one outrageous hook-up like site in the past two years
    4) NQ to dilute investors from 194mil shares to 440 mil shares between 2011-2014 to fund 2) and 3)
    5) NQ's gross margins to plunge 50% YOY
    6) NQ to dump one of their only two holy grail assets into a pending RTO with a t-shirt company riddled in past fraud, whose current chairman wants almost half of the newco spin-off.
    7) NQ to realize a massive defection of their core competency of NQ Mobile Security users
    8) PwC to refuse to sign off on the long awaited 20-F
    9) Co-CEO Omar Khan to be paid 3.8 mil ADS over 4 years for with no discernable added value, only to quit in May but remain as Advisor thru Dec to collect $16mil in stock
    10) one CEO to disappear for 5 months and reappear in Jan 2015 driving a $125K BMW
    11) the alleged round-trip partner Yidatong' s contribution to NQ revenue to plunge from over 25% to below 2%
    12) the removal (and continued absence) of FL Mobile's publisher account from iTunes
    13) NQ mgt to ratify an increase of authorized shares from 560 mil to 1.56 bil
    14) Piper Jaffray, Wedge, Canaccord and all analysts with the exception of Freddy from Kansas to abandon coverage
    15) NQ's $173 mil bond to crash to the current $65, yielding almost 20%
    16) Sprint not to roll out NQ Live on every smartphone sold by end of 2014, as announced by Gavin Kim
    17) the three founders of NQ to have egregious control over shareholders rights with 500 mil votes issued to RPL Holdings.
    (continued on next "reply" page)

  • applengineer applengineer Apr 26, 2015 12:42 PM Flag

    AppleQineer: Nice to hear that you (as a shareholder) supports the co-CEO who vanished without a trace in September 2014 and resurfaces driving a $125,000 car. As I understand it, Dr Lin had no other official source of income outside of NQ mobile since he founded the company in 2005 under the auspices of humble beginnings. Surely the Audi 5000 was in need of replacement and unfortunately China's top seller Ford Focus wouldn't do.
    No one care what your PPS target is, especially that $7.50 call from Fred. Fred's been spot wrong on NQ Mobile. On March 12, 2014 Topeka's Fred Ziegel affirmed his Buy rating and $36.75 price target, before lowering to $30 on April 11, only to raise it half way up again to $33 on May 1, and then to reiterate it AGAIN June 10 on the basis of margin dynamics normalization (WHATTHE?!?!). It wasn't until December 23, 2014 that Fred reduced his price target to $8.50 (from $33.00). How much do you suppose investors lost listening to the sole remaining analyst covering NQ? 50%-85%, depending on when they followed his advice. BTW, Piper Jaffray (who underwrote NQ's IPO), Canaccord, Macquire were all smart to drop or suspend coverage of NQ Mobile).

  • applengineer applengineer Apr 26, 2015 12:21 PM Flag

    Remember this, Omar's core competency was Sprint - yet he couldn't even deliver that as NQ Mobile failed to launch Sprint Live (powered by NQ Live) on each Android device sold by Sprint by year-end 2014 (as was stated in a sensational press release one year ago on January 15, 2014).
    As I see it, the fleecing of NQ shareholders continues unabated - and again, there are no coincidences in the life of NQ.

  • With the exception of gender, absolutely nothing! ApplenQineer, are you void of the sense of self-humiliation?
    Bill Gates rewarded shareholders to the tune of 53,200% ROI since it's IPO. Had you invested a petty $5000 - it would now be worth about $3.5 million (dividend reinvested). I'd give my right arm to Bill Gates for that - and perhaps my left arm too if he chose not to wait the two years for his stock-based comp to vest. On the other hand, if Omar had any compassion (and integrity) for the 85% losses that many shareholder's realized during his watch, he'd surrender all of his shares at the door. Rather, Omar resigns from his post as co-CEO in May 2015 and takes a "work-at-home" job as Advisor seven months before his SBC fully vests on his four year contract. Curiously speaking, what value can Omar add to NQ Mobile as Advisor to the company from May 2015 through the full vesting of his SBC in December 2015?
    a) Smooth transition to new CEO? Nope, XU is and will be sole CEO.
    b) Continued transition of the global expansion team? Nope, NQ has effectively scuttled their plans for global expansion, evidenced by the 22% plunge YOY in NQ's overseas business (while competitors CMCM and others are seeing huge gains). Furthermore, Xu stated that NQ will focus on Asia (mainly PRC) growth.
    c) Operational transition? Nope, all key operational and critical decisions are made by Chinese mgt in China, not the Dallas office.
    Not to rub salt in the wounds of shareholders, but 19,000,000 class A shares equals 3,800,000,000 ADS - worth $100,000,000 at the peak and $16,000,000 today. In my opinion, this is an outlandish golden parachute if you consider that during Omar's four year contract from Dec 2011-Dec 2015, Omar brought little to no value to NQ Mobile as a company (in fact mostily liabilities to expense the Dallas office). I'd love to hear the bulls talk about just one materially positive contribution visavi Omar Khan.

  • Reply to

    Omar lindkin page still says he is CEO hahahahha

    by jtsc_re Apr 23, 2015 11:53 AM
    applengineer applengineer Apr 25, 2015 11:48 AM Flag

    happymeal:
    1) Although Omar Khan tendered his resignation as NQ co-CEO effective May 2015, he remains employed by NQ as "Advisor" through December 2015. Likewise, Omar Khan's full vesting of his 3.8 mil ADS stockbased comp is December 2015. There are no coincidences in the life of NQ Mobile - but are you really that dumb to believe that Omar resigns in May, but stays employed by NQ for 7 months more to ensure a "smooth transition" and minimize disruption for NQ? Perhaps a smooth transition for his stock based compensation, but certainly not for the sake of all things NQ. After all, Omar (whose passion is mobile security) is already deemed irrelevant to the reinvented social NQ and scatterred enterprise biz. Furthermore, NQ is not seeking a replacement CEO which permanently eliminates his position (and likely the Dallas office) - so there is little to "transition" for the outgoing 1/2 CEO who couldn't name more than one province NQ Mobile does business in. Xu's in charge, remember?
    2) Henry and Vinnie hold their 50 mil class B shares through RPL. RPL, by default of their 55% voting power ratified resolution 1 in December 2013, which effectively grants Henry and Vinne the ability to margin (borrow against) their holdings while still maintaining full control of the company. How do you think Henry, the self-professed man of humble beginnings, drives around Beijing in a new RMB600K 5 series - and what happened to his beat-up Audi prop? Unless NQ decides to voluntarily disclose margin borrowings to the SEC in spite of their RegFD exemption, you'll never know.
    3) I never said "shorts would still be right if NQ went to $10". Why are you quoting a known imposter of applengineer? Are you that desperate? Furthermore, my personal PPS target is $1.5, so I don't see how $10 is anywhere in the cards.

  • Reply to

    Omar lindkin page still says he is CEO hahahahha

    by jtsc_re Apr 23, 2015 11:53 AM
    applengineer applengineer Apr 25, 2015 12:19 AM Flag

    Omar Khan's famous last quote from Tuesday's conference call: "I will remain as advisor through December to ensure a smooth transition for the company".
    So Omar Khan remains an employee of NQ Mobile through December 2015.
    Page 90 of latest 20-F: Omar Khan's 19,000,000 share based compensation package fully vests in December 2015.
    A smooth transition to smoother cash. There are no coincidences in life.

  • applengineer applengineer Apr 23, 2015 1:38 AM Flag

    Read page F66 of the 20F filed on March 31, 2015, dopehead. Smart money was following the case on PACER long before the public disclosure.

  • Reply to

    Apple the crybaby

    by blgjoke20 Apr 23, 2015 1:18 AM
    applengineer applengineer Apr 23, 2015 1:32 AM Flag

    Hey, bigjoke20 imposter, if you really think I got kicked off ST - riddle me this: Why didn't the alias "cinsider" get kicked off ST too for posting a counterfeit Form 15 (Deregistration) document signed by NQ Mobile? Shouldn't he/she not only deserve to get kicked off ST, but also charged with securities fraud by the SEC? Cinsider's post with pic of the fake document is still live on ST, posted April 21 @ 4:52pm. And by the way, I'd love to believe this document is genuine (bear case), really - but I know it isn't based on the qualifications for deregistration, of which at least one qualifier has not been met.

  • What happened to Omar and Henry's chant that they would defend the allegations from the CA with conviction and vigor? Since they already spent $7mil on legal, they're already "all-in", right? So why propose a settlement in March 2015 for $5.1mil (equal to 6 cents EPS hit) before going to trial? Were they concerned about discovery, interrogatories, and subpoenas? If I were a shareholder, I'd be asking these questions.

  • The correct original post from 9 hours ago: OK, here's a snapshot of my current opinion on NQ. With the ongoing transformation of NQ Mobile from mobile security to unproven social platforms and a scattered enterprise business of mostly low-margin hardware sales, the company is now wholly core-incompetent. As mgt has stated on the most recent ER call, most of these nascient biz's are in MAU mode (IE unprofitable). Quality leadership at helm of NQ is non-existent, and while I had little regard for the Dallas office, it had a chance to grow NQ here in the USA and Europe. With Khan on the way out, my source believes the Dallas office will be scuttled by year-end and NQ will be solely China-based to come. Regarding financials, $273mil in cash, backed out for debt equals about $100mil (not factoring any future buybacks) net cash. To boot, had NQ not received the $20mil from Bison, net cash is dropping like flies and OCF would've likely been negative. Then the dilution of 194mil to 440mil spent on continuing SBC and bizarre acquistions with huge goodwill amounting to NQ;s entire market capitalization. On the $320mil goodwill, I predict a massive impairment in the near future - bad will to investors who base their NQ investment on undervaluation. In fact, back out goodwill and intangibles and debt and you have roughly $zero per share in shareholder equity. To boot, shareholders have no recourse to whatever cash is left in the VIE structure. The Tack Fiori - FL deal? This is the one asset I won't consider as it leaves NQ (with the exception of further consolidation of financial results) to be RTO'd to a company riddled with past fraud and a chairman who wants half the newco - a newco that is likely not going to be valued by the market at half of the projected MOU. That's a whole "nother discussion topic.

  • applengineer applengineer Apr 23, 2015 1:01 AM Flag

    ApplenQineer, why don't you simply copy and paste what I said on this message thread from foolfinder45's post? In fact, let me help and show you how it's done in my next post.

  • Reply to

    My Updated Snapshot on NQ

    by applenqineer Apr 23, 2015 12:22 AM
    applengineer applengineer Apr 23, 2015 12:55 AM Flag

    He genius greg, do you not see that the imposter alias applenQineer is creating libelous posts, pretending to be me? Do you know I had applenQineer frozen on Stocktwits? Sadly, the Yahoo monitors don't give a ratsass.

  • applengineer applengineer Apr 23, 2015 12:50 AM Flag

    ultra.investor: Type in the iterations of applengineer I posted in my previous message in the Stocktwits search bar and you'll see who the imposters are. Again, rather than add to the confusion of half a dozen "apples" posting garbage in my name, it made sense to have ST freeze all aliases "apple" and put an end to the shenanigans. It's sad that the same people who lost their lifes savings on a horrific investment (down 85%) will stoop to a new low by the act of fraud, deception, and misrepresentation. I've been here for over two years and must've instilled fear in these delusional investors who actually find it necessary to slander another poster out of fear of the truth. My tweets have also been referenced by Sina and other Chinese media - search applengineer on Bidu and you'll find me there. To boot, I have another bad actor imposter on a popular Chinese investor forum too, with the alias "applengineer" tranlated into Mandarin verbatim.

  • applengineer applengineer Apr 22, 2015 11:18 PM Flag

    TJ: Do yourself a favor and change your alias to liesandmorelies. If you really knew what was going on, you would know that NQ Mobile's lawyers are too busy fighting off shareholder lawsuits against NQ mgt et al. In fact, they're in process of finalizing a $5.1 mil settlement to shareholders like yourself who lost $millions, alleging that various press releases, financial statements and other related disclosures made by NQ during the alleged class period contained material misstatements and omissions, in violation of the federal securities laws, and that such press releases, financial statements and other related disclosures artificially inflated the value of our company’s ADSs, subsequently incurring enormous losses for shareholders like yourself from March 6, 2013 to July 3, 2014. So are you in line to get your penny on the dollar??
    Now, to answer your question about Stocktwits and applengineer. If you're a ST troll, you would already know that at least 5 aliases were created in my likeness (applenqineer, aaplengineer, applenqineers, etc) - who uusing my profile and avatar, began posting on ST last week in a manner to discredit me, applengineer. I contacted ST and it was agreed that in fairness to all, applengineer and all imposter iterations would be deleted. So there you have it with your NQ lawyer conspiracy nonsense. FYI, since the deletion, I have created a unique alias that none of you pumperzealots will ever be able to sabotage. And btw, no need to try YMB or Twitter, as I've already locked them up.

  • applengineer applengineer Apr 22, 2015 6:00 PM Flag

    There's at least one condition that cannot be satisfied for deregistration - the document on ST is fake.

  • applengineer applengineer Apr 22, 2015 3:46 PM Flag

    OK, here's a snapshot of my current opinion on NQ. With the ongoing transformation of NQ Mobile from mobile security to unproven social platforms and a scattered enterprise business of mostly low-margin hardware sales, the company is now wholly core-incompetent. As mgt has stated on the most recent ER call, most of these nascient biz's are in MAU mode (IE unprofitable). Quality leadership at helm of NQ is non-existent, and while I had little regard for the Dallas office, it had a chance to grow NQ here in the USA and Europe. With Khan on the way out, my source believes the Dallas office will be scuttled by year-end and NQ will be solely China-based to come. Regarding financials, $273mil in cash, backed out for debt equals about $100mil (not factoring any future buybacks) net cash. To boot, had NQ not received the $20mil from Bison, net cash is dropping like flies and OCF would've likely been negative. Then the dilution of 194mil to 440mil spent on continuing SBC and bizarre acquistions with huge goodwill amounting to NQ;s entire market capitalization. On the $320mil goodwill, I predict a massive impairment in the near future - bad will to investors who base their NQ investment on undervaluation. In fact, back out goodwill and intangibles and debt and you have roughly $zero per share in shareholder equity. To boot, shareholders have no recourse to whatever cash is left in the VIE structure. The Tack Fiori - FL deal? This is the one asset I won't consider as it leaves NQ (with the exception of further consolidation of financial results) to be RTO'd to a company riddled with past fraud and a chairman who wants half the newco - a newco that is likely not going to be valued by the market at half of the projected MOU. That's a whole "nother discussion topic.

  • applengineer applengineer Apr 22, 2015 2:39 PM Flag

    Bigjoke20: What do you mean when you say "I called off the sell at $4". So if I understand it correctly and you're saying NQ is no longer a "sell at $4" - why are you still posting? Also, I'd like to put you to task on why you "called off the sell at $4"? NQ Mobile is in the process of systematically dismantling their global expansion strategy vs. other China mobile/web cos expanding overseas to cushion from a China slowdown. My opinion on NQ is no less bearish than the day I began covering the stock two years ago. What's your current thesis?

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