The more thumbs down, the more attention = more readers. If you dont like a post, better to just ignore unrated. That said, apple's rehash now makes sense.
Hey, cockroach, worry not so much about Applengineer's whereabouts, who seems to be doing fine not positing on Twitter and leaving this trashboard to the likes of you and this miserable Evan character; worry about your position in a stock you should've sold at today's high when you had the opportunity. Apple's been shorting from $25 to $10 while you clowns were pumping at $22; but now somehow you and Evan are the big winners from $8-$10? Well then, my hat's off to you!
As always, the flip side of the coin is appreciated. What's more worrisome is that Omar sees NQLive as the holy grail. Quite insane, considering NQ stands a better chance for success hustling fake Segways.
Almost 7300 traded with open interest at 11461. It'll be interesting tomorrow to see +- change in interest.
Considering all the good news released last night and no rise in shares after a 50% slaughter, it doesn't look good for shares near-term.
Largest open interest of any option in NQs life as a public company are the Dec 4 puts. 19628 betting on one side or the other of a $4 stock tells me to anticipate huge swoons round the corner as the story unravels.
Ominous issues persist:
a) What is the true origin of the cash transferred to Standard Charter. Industrial Bank has a history of questionable financing. Was mgt struggling to borrow the piecemeal deposits into Standard Charter? Khan's reasoning behind the small deposit amounts is, "term deposit perspective, as they make sense from a capital management perspective" - makes no sense, a classic baffle with bs story.
b) Is the total NQ software user base inflated by 300%? Mgt is telling investors that they count each user only once, regardless of the number of NQ apps on the phone. The math tells a different story. If you reconcile this assertion to fit the story, mgt would need to count each phone pre-loaded with NQ software as a registered user, and each app installed or pre-loaded on a phone as a unique user - which egregiously inflates the actual user base.
c) Is Yidatong an NQ shell game? The biggest qestion, and if confirmed (and the evidence looks overwhelming), NQ revenues are likely inflated by 70%. Enron's cronies that caused ENE stock to go to zero would look like alter boys next to this potential bombshell.
NQ shares are still up 70% yoy, which is directly correlated to "stellar" 98% revenue and 69% earnings growth yoy. That said, a round-trip to sub $5 is a self-fulfilling trajectory should just one (IE Yidatong) of the three allegations above prove true.
We shall soon learn the truth
= the piecemeal transfer of cash from Industrials Bank Co. Ltd to Standard Charter. Fictitious acct statements are hard to undo, and the small deposits to Standard Charter appears to assert that mgt is scrambling to borrow real money in the gray market to fund these new deposit accts. Furthermore, if accounting fraud is exposed on the balance sheet, it is a 100% certainty that the P&L is embellished too. This is unraveling faster than you can count to zero.
Not quite. So if STX or other party were to come knocking on FIO's door to make an offer today (for example), several days AFTER mgt bought stock at a fire-sale, would they go to jail for saying yes to a $20 buy-out?
Of course not, and only if they were tipped off to a call or trip to Salt Lake City by STX mgt (or other) would your theory apply. Bottom line: The recent swoon in FIO shares price is a primary motivator in not only triggering an insider buying frenzy - but also to bringing STX or others to the table. After all, Woz was unwilling to entertain $20 last year.........but how about now??