I agreed, this stock should never got pump up to $29 after it miss 1st qt earnings by 400%, but the market is correcting those organized criminals . Lol...
Neonode pares losses after CEO discloses fresh purchase
Neonode (NEON #$%$) CEO Thomas Erikkson bought 100K shares today at $3.07.
The purchase comes two months after Eriksson bought 20K shares at $5.08, and two weeks after director Mats Dahlin bought 50K shares at $3.77.
Previous: Neonode -12.2% after filing shelf, providing details
ON Nov 13 2013 Management said they would personally buy $3 million worth of Nq shares, as of today (7 months later) not one share has been purchase by management or the CEO. Hmmmm? Another lie. Keep drinking the cool aide.
Nov 13 2013 "NQ Mobile Inc. (NYSE: NQ) announced that its senior management, including Co-CEOs Dr. Henry Lin and Omar Khan, COO Vincent Shi, President Zemin Xu, CFO KB Teo, and CCO Gavin Kim, among others, intend to use their personal funds to purchase up to an aggregate of $3 million worth of the Company's American depositary shares ("ADSs") within six months from November 15, 2013,
Really? 7 months late & Dr Henry Lin has yet to purchase a single share. So if Nq shares are so under value why doesn't he & his fellow crocks buy the $3 million worth of adr shares? If he's not buying, why are you?
Yep ,the short are getting snout beaten out them... Their laughing all the way to the bank with your money.
If Nq has $283 million in cash, why sell 5.88% stake to use to purchase other business? Makes no since
Also why haven't the executes purchase NQ Mobile $3M Worth of ADSs like they promise back on Nov 12 2013? What ever happen to the buy back program? Why has it taken over 8 months & still no up date on audit ? You have to be insane to buy this stock, it's run by crocks...
Perhaps u should quite drinking the cool aide, analyst have been dropping their earnings estimates like a rock thrown into a lake. Estimate's for 2014 have gone from $4 now down to $2.98. 2015 keeps dropping as well. Gltu on JKS ever earning $6 Right now JKs is a little over price, after all they miss last qt by 900%. Fair price for JKS is about $20. Makes for a great short though....
Down 130% for the year, up a whooping 16% today, yell baby this is a great investment. Keep drinking the cool aide.
Falling like a rock. High of $8.76 now trading under $8. Shorts till rule this stock. Hope u sold out when you were given this gift.
Best case: restatement, worst case: delisting
The best case scenario at this point is that the company files its 20-F with a restatement of the prior year's earnings and wipes the slate clean. Depending on how severe the impact is on profitability, shares could sell off or they could rally sensing the bad news is over. However, If the 20-F does not receive an unqualified opinion, the exchange could begin the delisting process which would shift the company's shares to either the OTC bulletin board or the Pink Sheets. This is viewed as the first step in a Chapter 11 bankruptcy and few institutional investors would continue to hold their shares. Under the second scenario, it is very likely that there would be another substantial sell off even from the current depressed level.
You be insane to buy in before the unqualified opinion..
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.
The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, real GDP was estimated to have increased 0.1 percent. With this second estimate for the first quarter, the decline in private inventory investment was larger than previously estimated.
The decrease in real GDP in the first quarter primarily reflected negative contributions from private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment that were partly offset by a positive contribution from personal consumption expenditures. Imports, which are a subtraction in the calculation of GDP, increased.
Can we say "Recession" ? US is just 1 qt away from going in to a deep recession. Kind of like JKS lower earnings from $4 to $2.98 & raise pt. Really?
Analyst in the last 60 days have drop earnings estimates for 2014 from $3.54 to $2.98 & continue to drop estimates even further. 205 is dropping like a rock as well. Glt on your horrible investment