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Best Buy Co., Inc. Message Board

applengineer 180 posts  |  Last Activity: Jul 10, 2015 2:44 PM Member since: Jun 23, 2010
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  • First, too bad as US holders would realize none of that wishful China capital appreciation in a likely take-under scenario. Second, you have to believe in Matt if you believe in his friend and former colleage from Wedge Partners, Rosenblatt's Zhang. But if this is all true, how did dozens of US listed Chinese companies beat NQ to the MBO punch. NQ's founders, through RPL control 55% of the vote - a certain slam dunk if they thought they had any prospects in Shanghai. Truly pathetic it is. In fact, I project that the go-private/relist class A window has already closed.
    Another fine example of management incompetence.

  • applengineer by applengineer Jul 10, 2015 2:33 PM Flag

    Fact: Omar Khan is still employed at NQ Mobile as "advisor" through Dec 2015, as his 3.8mil shares require him to be employed through Dec 2015 to receive full benefits.
    Fact: Omar Khan had no other reasonable purpose to stay on as "advisor", since his competency of mobile security is no longer central to NQ Mobile's business model.
    Fact: Omar Khan's stated goal of "smooth leadership transition" as part of his "advisory" role is a farce, as CEO Xu has already taken charge and there is no Co-CEO search being considered.

    Omar's Compensation Plan

    a) Omar received 1,500,000 shares (original comp agreement) plus 3,500,000 shares (revised comp agreement in exchange for Khan's 15% equity) in Dec 2012.

    Subtotal payout:: 5,000,000 shares

    b) Omar received (receives) 1/48 per month of 6,000,000 shares, or 125,000 shares per month Dec 2012 through a Dec 2015 terminal payout of 4,500,000 shares as part of original comp agreement.

    Subtotal payout: 4,500,000 shares

    c) Omar received (receives) 4,500,000 shares paid for performance milestones and market value conditions over the period of 2012-2015 as part of original comp agreement.

    Subtotal payout: 4,500,000 shares

    d) Omar received (receives) 5,,500,000 shares (revised comp agreement in exchange for Khan's 15% equity) for performance milestones and market value conditions

    Subtotal payout: 5,500,000 shares

    (footnote: The performance milestones and market value conditions of c) and d) were either removed or revised lower.)

    Total compensation package = 19,000,000 shares, or 3,800,000 ADS

    Valued at high PPS of $25 @ $95,000,000

    Valued at low PPS of $3.46 @ $13,148,000

    Not bad for 4 years of "work" from a former non C level executive performing the task of 1/2 of a CEO from Dallas. Texas - 7353 miles from NQ ground zero headquarters.

    Everything written here is verifiable on page 98 of the latest 20-F.

  • NASDAQ Y2K was no different. Enjoy the China-proxy NQ today while you still can.

  • Does the PRC gov't become Chinese listed companies biggest customer - to normalize P/E overnite? I said it and will say it again - no measure implemented by China gov't will stop the meltdown. These A-shares (with the exception of financial sector stocks) have average P/Es of 90 from nothing but a gov't inspired rally. It's ALL AIR, folks, and will have to come down to normalized levels by cutting PPS in half or by growing earnings 2x in 1 yr.

  • applengineer applengineer Jul 8, 2015 5:18 PM Flag

    real question for chad: wasn't Rosenblatt's Zhang's NQ Mobile $1 billion SOTP valuation enough?

  • Of course Matt Mathison, NQ VP of Capital Markets does. After all, the 2 worked together @ Wedge. Who thinks they didn't assemble the report in great detail? Where're the real analysts? And where's Freddy from Kansas??????????????????

  • Folks, while fairytales of a $5 MBO bring visions of dancing sugar plum fairies, I suggest you WAKE-UP!

  • applengineer by applengineer Jul 2, 2015 7:22 AM Flag

    The 20F was filed long long ago and our friends at MBP made sure to pass NQ's audit muster. PiperJ, Canaccord, Macquire all terminated coverage. So is Rosenblatt's Zhang, Matt's xpartner at Wedge is the best they've got?

  • applengineer applengineer Jun 30, 2015 11:16 PM Flag

    see3rd: Let me correct your nonsense. PwC refused to pass audit, so Chinfraud Block-hater expert MBP signed off on unqualified OPINION (it's only an opinion, get that?) Furthermore, it is otherwise impossible to prove round-tripping in China, as you already know it is deemed unpatriotic to investigate a US-listed Chinese company for fraud. Even the PCAOB is banned from China, and those investingating these companies have been jailed. All things aside, even a complete idiot like you could read between the lines to come to a rational conclusion that NQ and YDT were bad actors. After all, it makes no sense to kill their supposed top sales producer contributing to 60% margins and almost 30% of total revenues - in favor of a loser 3% margin hardware business and a new-found bucket of non-core unprofitable companies. FYI, YDT no longer contributes to NQ. They simply vanished off NQ's income statement and yet you stand here calling everyone who's been 100% correct liars. Bottom line, you're nothing more than an underwater POS hoping others to fall in the same trap so you can step over them on the way out the door.

  • It's a known fact that the PRC considers it unpatriotic to accuse NYSE/NADSAQ-listed Chinese companies of fraud. We already know the PCAOB is banned (for all prractical purposes) from Chinese soil. Think of the $$billions already stolen; Chinese fraudcos listed on NYSE/NASDAQ who sold worthless paper in exchange for hard-working American money. Where did all those dollars go? Back to China, of course.
    So the next big scam will be when China fully eliminates investment restrictions from their exchanges after engorging their stock market to levels unseen in global stock market history. Chinese workers turned daytraders are already margined to 2 trillion Yuan, average tech co has nosebleed P/E of 130, the fourth central bank stimulus is DOA. While a hangover exponentially larger than what the NASDAQ saw from March Y2K is a self-fulfilling prophecy for the Chinese markets - pay close attention to what's trending as market top signal. For instance, current average Chinvestor is a 75 yr-old granny with zero investment acumen. But fear not, the PRC will save their grannies too, as China will (as part of the bigger plan) unrestrict foreign stock ownership to 100% while simultaneously opening the floodgates for Chincos to dump their stocks on the unsuspecting American schmuck who sees a false-door opportunity to make money, piggy style. Then, the Chinese will have the last laugh once more.....Xiào style!

  • applengineer applengineer Jun 30, 2015 5:07 PM Flag

    TJ: A guy as smart as you would know to assume ChiNext on SSE (SSE's version of NASDAQ comp) is the talking point,where the total average of the 464 company index P/E has ballooned to a nosebleed 130x. Isn't that the relevant comp to all things NQ?

  • Workers and grandmas turned daytraders margined to 2 trillion Yuan, average SSE P/E of 130, China's central bank liquidity stimulus DOA. With the exception of NQ bagholders - MSCI said NO, the rest of the world will too.

  • applengineer applengineer Jun 30, 2015 12:21 PM Flag

    Lintech, my answers: Yes, yes, no(I'm not a communist & don't need to read the Mao rhetoric which I know all too well), a lot.
    My turn: Are you delusionally married to NQ and if so, why?

  • Enjoy the SSE dead cat bounce. Pay attention to the four ladies I just posted on Stock Twits and you'll be fine.

  • applengineer applengineer Jun 29, 2015 12:39 AM Flag

    Gee, you're an idiot when you ignore agenda and trust market pundits with outsized positions on the wrong side of the trade.

  • The 4th rate cut in 6 mnths by China's central bank is like using bubble gum to patch a leak at Hoover Dam. There is no stopping a systemic problem of Chinese middle class quitting their day jobs to become day traders. It will end badly. 1999 is over people - welcome to 2000.

  • When I first exposed the potentially suspect game on Feiliu's (FL Mobile) site, Congo fought tooth&nail, claiming the feiliu.pkq doesn't point to China - which my research proved him false. So he categorically denied that FL Mobile had anything to do with this potentially infringing game. Now, Congo claims by virtue of "beta test" posted under the News section on the same site, that the game looks real because of this "beta test" post and erases the fact that he's been pounding the table about pkq.feiliu looking like a Feiliu(FLMobile) fake spoof site. Which version is it now, Congo?
    Also, if pkq.feiliu is fake, would they hesitate to post a fake beta-test story?
    A ST poster named Privatejoe wrote Nintendo concerning a purported FL Mobile Pokémon 3D mobile game app promo posted by an alleged NQ employee posting under BPoke on Vimeo. Well, the game promo was promptly removed, possibly due to cease and desist notification.
    I have never asserted pkq.feiliu (a FL Mobile-Feiliu subdomain sitting on Feiliu's directory) as promoting a fake Pokémon mobile game. However, it behooves to ask: If FL Mobile acquired a license for Pokémon, owned by Nintendo/GameFreak/ThePokémonCompany, how did they manage to misspell Pokémon? After all, Pokémon is one of the most valuable IP in Nintendo's history and requires all licensees to submit designs and artwork for approval PRIOR to any beta or game release - so misspelling Pokémon and/or revealing this to the general public is a catastrophic blunder on a level unseen before. Furthermore, my sources confirmed that Nintendo intends to protect 3DS sales, thus only released a non-game version called Pokédex for mobile. On the other hand, Pokémon can be played today on mobile devicces visavi emulators, so I see little benefit even if Nintendo chose to release a mobile game app. Finally, Nintendo has kept software game licensees in house (GameFreak/ThePokémonCo), so why break the mold with a relatively unknown mobile game licensee called FL.

  • applengineer applengineer Jun 23, 2015 1:55 AM Flag

    Congo: Have you lost your mind, are you Inspector Clouseau, or both?? a) Where do you get a lie from me and my exchange with this PrivateJoe poster? I contacted a Nintendo dev team member through my sources in determining that a game app wasn't part of their strategy, and he wasn't aware of any that was in process. PrivateJoe, on the other hand, contacted Nintendo legal dept to advise them of a potentially infringing product being shown on the FL Mobile Vimeo link provided by what appears to be an NQ worker posting as BPoke. The fact that the FL Mobile game promo video was taken down should worry you - nothing more. Now, I still don't see the part where I lied.
    b) I stand by my reply to your message to me: "When did I say that FL published a counterfeit game'? So let me repeat that question, Congo: When did I say that FL published a counterfeit game?? All that we can assume for now is a suspicious Pokémon game is being highlighted on pkq.feiliu and that this is a subdomain of Feiliu whether you like it or not. Furthermore, unless Feiliu was hacked, it didn't just get on their subdirectory by some act of Tinkerbell fairydust. Finally, I said on several posts that Nintendo requires the accent aigu over the "e" for all officially licensed Pokémon products, so it's improbable that Feiliu simply forgot to copy the logo correctly or created a rogue likeness on their own with permission.
    In the end, you should also take a look at NQ Mobile's Tianjin HuaYong, parent of vLife and NQ Live. vLife had similar suspicious IP inconsistencies with Universal and Disney-owned characters displayed on their free wallpaper products.

  • applengineer applengineer Jun 22, 2015 4:44 PM Flag

    Hey, TJ, I'm not going to play case law with you. I will say that in the event of patent/copyright infringement or other legal claims against NQ Mobile, Cayman registered NQ Mobile simply can't hide behind Cayman Islands or China. Don't forget that NQ is also a legal US registered entity and NYSE-listed company, thus stemming a $5.1 million AGREED UPON SETTLEMENT in March 2015 for shareholders alleging false and misleading information by NQ mgt. In fact, the settlement had little to do with having insurance, but more to do with the other option of being found guilty by US courts. Furthermore, if the Feilu suspect game is blatantly fake as it appears, Nintendo could simply have US courts find NQ Mobile (as sole owner of FL Mobile with significant presence in the USA) guilty of copyright infringement, as Pokemon IP is fully registered with the USPTO in the USA. Additionally, it would be easy for anyone to download the potentially fake game on USA soil, which would then fall under US presence (scope of jurisdiction) too.
    I don't know what your competency is TJ, but reaching for straws wiht each debate makes your horrific investment look even worse.

  • applengineer applengineer Jun 22, 2015 2:59 PM Flag

    Check your "facts' at the door. We already know that Nintendo can sue NQ Dallas. Besides, the entire co is structured as a VIE, so NQ doesn't have to pay the March 2015 $5.1mil class action settlement either...NOT. On topic of NQ's VIE don't you like the fact that you own non of the tangible assets of the company - only the recognition of whatever revenues you choose to believe.

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