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..
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.
Down 130% for the year, up a whooping 16% today, yell baby this is a great investment. Keep drinking the cool aide.
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....
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...
Yep ,the short are getting snout beaten out them... Their laughing all the way to the bank with your money.
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?
ON Nov 13 2013 Management said they would personally buy $3 million worth of Nq shares, as of today (7 months later) not one share has been purchase by management or the CEO. Hmmmm? Another lie. Keep drinking the cool aide.
Neonode pares losses after CEO discloses fresh purchase
Neonode (NEON #$%$) 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
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...
John Coleman, the founder of The Weather Channel, and various other critics have called the theory that human use of carbon-based fossil fuels will lead to catastrophic global warming or climate change a “hoax.” It is, but it’s more than that, it’s criminal.Are we humans causing the warming by our carbon emissions? Actually, most of the “greenhouse effect” is due to water vapor, which makes one wonder why the EPA hasn’t designated H2O a harmful pollutant that they must regulate. Meteorologist Brian Sussman’s calculations in his book “Climategate” show humanity’s share of the greenhouse effect as .9 of 1 percent.
It’s even possible that CO2 may not affect global warming at all. During many stretches of planetary history, there has been no correlation between the concentration of CO2 in the atmosphere and global temperature. In other long stretches, the variations of the two factors followed a significant sequence: increases in CO2 followed increases in warmth by several centuries. You don’t need to have a degree in climate science to know that, in a temporal universe, cause does not follow its effect.
Even global warming alarmists have tacitly conceded that CO2 is not the primary driver of climate change when they responded to the relative cooling in recent years by changing their story and telling us that the earth is likely to cool for a few decades in spite of still-increasing atmospheric CO2. Translation: other factors outweigh CO2 in their impact on global temperatures. Those other factors include variations in solar activity (accounting for 3/4 of the variability in earth’s temperature according to the Marshall Institute); changes in earth’s orbit and axis; albedo (reflectivity, meaning changes in cloud cover which are influenced by fluctuations in gamma ray activity); and volcanic and tectonic activity in the earth’s crust. For humans to presume that they are more than a gnat on an elephant’s rump in terms of impact on climate change is vain and delusive SHO