As sick as the non existence management, over two years and nothing to show for. Does anyone still thinks that the clowns running the company know anything or care...
I agree , NQ tried to fool people again with the flm valuation, this is not worth even $200m , they will be lucky if they even get $50m for this money losing enterprise.
they hv lied before so what will be new if does or does not. look at the valuation NQ placed on their company , market does not think so, in fact if they get 1/4 of what is being proposed would be more than fair. Keep waiting, IMO this is a dead company with dead management
How much money does showself make a year, and where do these people get that it is capable of growing 200% year over year to make the numbers you or they suggest, Oh now we have to wait till 2017 to see these prophecies fulfilled. NQ is made up of crooks..
lets say we believe that the deal will be done, $626 pus current cash translates to just short of $1b, which would put the price of PPS around $9 to $10 max, the relics of other companies left behind, they are not worth much, not much of revenue , in other words, NQ is left as a shell. It is possible NQ mgt will walk away wit hthe money and leave the share holders with nothing. I just do not trust the company management. they are crooks fullstop.
cash in the hands of Chinese company never translates to PPS moving to the equivalent value, its is all about revenue growth and positive EPS, which NQ can not do given their business. Have you recently looked at their margins, they have been negative for many quarters, they are running is fictitious business, MW was right and they got caught and in the process destroyed theur image and many inocent share holders with it.
Selling their main asset after which there will hardly any revenue, how do you expect the shares to show $12 value, cash by itself will not translate to $12pps. may be 6.50 best case after whihc it will tank again in the three dollar range
A great question, and NQ mgt has to clue and that is why they have said nothing, based on this sale and cash in hand, NQ may move higher just for a short time but it will tank fast since no plan for growth or as you said where is the new revenue coming from.
WHy it went to 6 was due to some one buying 2million shares, after which China mkt tanked , i dont see this moving past 6 until the deal is done and soon after that event it will tank because NQ has no plan for its future,
Given that mgt has been silent for over 2 years, no news of NQ making any headways into new markets or new products, or any expansion of business, to top that with China mkt in despair and tanking daily, which means that NQ future business will be hampered. I dont see NQ getting back to 6+ let alone the dreamers expecting it to go to 9+ in few months..
No chance of recovery , with what is happening in China market, NQ has no chance of recovering from the turmoil and nor is management doing anything to show that they a plan and this has gone on for over 2 years now.
Really, they are bunch of idiots and their past shows that hv no clue of how to move this company forward. however if we are to believe that some big guy bought 2m plus shares they will not get out until it doubles or triples but then again many of the big guys have bailed out of this stock so it is hard to believe if this a game being played by someone to con more people
earning report on Thursday is not a good sign looking at Nq past
I too have written to Matt, and others, and they have never said anything that has helped the stock. It has been more than 18 months since the allegations. This is a long enough time for any growing company to sort itself out, but not NQ.