Yes we can go on saying where is the 20F, i am certain it will come in due time when NQ is ready. Yes we also do wish it would have been yesterday , if not then today or tomorrow. I am sure NQ is working towards that.
Now lets try to focus on the positive, we are seeing partnerships being formed and that is a good sign that someone in NQ is trying to grow the business. Their relationship with Sprint that we all know about is also very positive for the business.
Muddy Waters have also come out and admitted that NQ will likely get qualified Audit. And these are the guys who made up some cockamamie story and are now backing of there tall claims of wrong doing. I am not saying not to pay attention to what they said , there may be some truth but not as as bad it was made out to be.
SO all in all good things are happening, lets keep our fingers crossed and pray that May God help NQ to turn around soon. I am long and holding with baited breath that we will hear from NQ soon..
here is the link
Don't these guys ever give up making far fetched stories..PWC is being unreasonable, in fact they should be hung to dry. If NQ was falsifying the records what the hell was PWC doing for the last four year signing off NQ's financials..Please give me a break and give NQ break.. All companies in the beginning go through some lax processes but with time and experience they get things right. As per the DT investigation NQ has improved most of not all of the missing parts, so going forward things will be fully documented and traceable. For 2013 what ever is missing NQ has already said that can be verified like DT did during their investigation and found no FRAUD.
Do not respond to their messages, and soon they will go away.. We are good we just need to stay positive and God Willing all will turn out well for us longs. I continue to pray, May God make this company successful beyond our dreams
Nq has total of 60.3m shares outstanding and only 18.78m float. So who u will want to know who owns the 18.78 mil shares.. you see the list below, but what i am trying to point out to you is that all of the float is held by big guys, I mean 100%. We all know that some of the longs on this board are also holding long , so if i was to guess, I would say that 150% to 200% of the float is on the long side.
Assuming we get a clean bill of health, and few more people join in to buy the long side, this stock is going to explode likes of whihc you have never seen. I pray , hope F20 comes soon with clean audit.
Holder # of Shares
Morgan Stanley 1,915,464
Kylin Management LLC 1,522,965
CR Intrinsic Investors, LLC 1,335,855
Oberweis Asset Management Inc. 1,324,179
Susquehanna International Group, LLP 1,259,088
SC China Holding Ltd 1,188,104
Altimeter Capital Management, LLC 6,277,552
Group One Trading, L.P. 955,615
DnB Asset Management AS 830,082
Bank of America Corporation 545,889
Oberweis China Opportunities Fund 555,000
PNC Fds, Inc-International Equity Fd 370,592
Powershares Exhg Traded Fd-Powershares Golden Dragon China P 159,739
Oberweis Emerging Growth Portfolio 151,800
Oberweis Micro-Cap Portfolio 102,700
Powershares Exhg Traded Fd Tr-Powershares NASDAQ Internet Po 45,498
First Tr Exchange Traded Fd-First Tr ISE Chindia Index Fund 40,464
Claymore ETF Tr 2-Guggenheim China Small Cap ETF 40,391
SPDR (R) Idx Shares-SPDR (R) Emerging Markets Small Cap ETF 36,083
Claymore ETF Tr 2-Guggenheim China Technology ETF 32,366
TOATL shares held 18,689,426
this past week was the shorts last attempt to kill the stock by lies, wrong info being released on twitter and the likes of Alpha and Street guys also played their role to hammer the stock. Well if my guess is right the coming week NQ/PWC will do their utmost to release the F20 and put all the allegations to rest. I do not have a crystal ball to to know when this info will be released but my gut says that if NQ wants to save itself from these attacks WPC and NQ have to get in front of this now
i am surprised how u came to the valuation of $7 to $10. what do u think all of the big holders would say to this number considering they bought when stock was lot higher.. I do not find this appealing since NQ has insisted they are legit and everything on the day to day business front is getting even better.. What i read in your statement is that NQ is a fraud , and they have lied to the public. I just hope these guys have learnt a thing or two from their latest pr screw up..
This was posted by TITOMUCH, so i am copying it as is and following his response i have added my brief analysis,
I have a significant share of my portfolio in NQ and I bought more in my IRA account. I have been watching this stock since October 2013 too. I have listened to every word uttered on the conference calls, done research on the backgrounds of all the senior management at NQ, evaluated the "fraud allegations" by Muddy Water and read all the reports put out by the shorts, taken into account the various partnerships that NQ has announced and the quality of the partnerships, watched the coordinated short attacks and evaluated the price action from a psychological standpoint. My conclusion is that NQ is a legitimate business entity which may have made some mistakes that are acceptable in a country like China, but raises some eyebrows in the US. But the company is not a fraud - the cash that the shorts claimed "many not exist" is real and it has been corroborated by many institutional fund representatives. The deals announced by the company are all real, the NationSky business is real. The market is discounting many of these factors because of the seeds of doubt injected in the minds of legitimate investors by short sellers like Carson. The air will clear and the truth will prevail - its only a matter of time.
My input is as follows, i did pretty much what research TITO did, and in addition I have looked at the NQ financials including the statements NQ has made for Q4 2013 and Q1/q2 2014. As bad as NQ may be, there financials look great even if they are revised down by PWC for the quarters mentioned above. NQ is growing it revenue at minimum ( I have taking into consideration that PWC may pull down the revenue by 10 to 20%) OF 100% YEARLY.
So my advise to all LONG is to hold your shares tight, u will easily make $30 to $40 per share..
I am with TitoMUCH.. If someone has any real data to say otherwise, tell us why we are wrong.
Will we get the report. I really don't want to be here next Thursday saying the same thing, Have some mercy on us longs. Even if it is negative just tell us so we can go back to licking our wounds, Carson for sure has won and has made ton of money at our expenses. Please stop this madness..
Once the F20 is over, I really think Nq need to file a Lawsuit against these guys, And every share holder should insist that this should happen to tech these idiots that they can not run around and fire fire NQ pants are on fire..
OK as of now most of the weak hands, on margin are out, the only players left are the institution holders, die hard longs and few new comers who have hard cash, since stock not margin able at present..So now is the time for NQ to come up with F20 and make short pay dearly.
NQ Mobile beats revenue estimates for the twelfth straight time.
NQ Mobile sees first quarter revenues coming in higher and ups its full-year outlook again.
Advertising revenues for the year came in at $36.6M for 2013, up 312.0% Year-over-Year (YOY).
2) Q4 revenues were $67.9M, up 126.0% YOY. For the full year, revenues came in at $196.7M, up 114.3% YOY.
3) Q1 revenues are looked to be between $75M and $76M, or up 128% YOY. Analysts expected revenues to come in around $65M-$66M.
4) Once again, NQ Mobile hiked its 2014 full-year revenue outlook from $305M-$310M to $320M-$325M. Before, NQ Mobile held its annual Analyst Day last November, analysts were expecting 2014 revenues to be in the $275M-$285M range. This new outlook now reflects a revenue increase of more than 15%.
5) Registered user accounts of consumer mobile security products were 480.8M, an increase of 70% YOY. Monthly active accounts grew 40% YOY and monthly premium accounts were 15.6M, compared with 14.8M during the last quarter.
in light of what was stated by NQ, my read was that NQ would be coming out with the F20, instead they came out with a PR which left all of the longs very much puzzled. To me this was the first time I felt that NQ has lied to us. So i feel i have the right to question all of NQ's PR, investigation, deals made to prop up supposedly NQ valuation, contract with Sprint, Omar's letter to employee and his sincerity, Q4,2013 results, q1&q2 2014 revenue projections, PWC working their buts off to produce an F-20, Needless to say any more, you all know the rest. We know now that NQ was really buying time to cover up something. We also saw that by the removal or resignation of the Audit Chair lady.
Question now is what do we expect from NQ that will help it get on the right footing or will they just let the stock slide to zero and declare bankruptcy. In the recent PR, they added two board members, one from TORO suppose to oversee shareholder valuation, should we really put any faith into this. At this stage of the game I do not know what to make of NQ future. So I ask other longs to give some logical, rational explanation and ideas as to what NQ can or can not do and is NQ really concerned about the company or not.
University of this standard do not invite liars, cheats, coward, criminals & crooks. His type belongs in special place called Jail....
From these recent tactics, it appears that Shorts are desperate and will do any thing to kill this legit company. I wish NQ/PWC should get off their back side and get the F20 out and put an end to this..This can not be allowed to go on and on..
Did you also noticed today, even the MM was caught napping, he did not know what had happened, may some shorts covered but also some poor guys sold out their long positions at a big loss.
Shame on these crooks. I am more certain that eventually we will win, but every day it gets harder to keep you faith..
option expiration tomorrow so don't expect much action either way
I am sorry they did announce the following but it had no impact on the stock, because everyone wants F20 first.
The Company now expects first quarter 2014 net revenues to exceed the previously announced revenue guidance range of $75-$76 million, an increase of over 125% over the prior year comparable period. The Company saw continued strength in its businesses, in particular in the enterprise segment.
The unaudited first quarter 2014 results will be released as soon as practicable. The Company today also provided its initial net revenue outlook for its second quarter 2014. Bolstered by strong underlying business trends and continued financial visibility, the Company expects net revenues for the second quarter 2014 to be between $83 and $84 million, compared with $41.4 million in the second quarter 2013. These results reflect our preliminary views and are subject to change.
"We remain diligently focused and confident in our business, our strategy, and our future," said Dr. Henry Lin co-Founder and co-CEO of NQ Mobile. "With our preliminary Q1 expectations exceeding our previously issued guidance and the continued strength of our businesses demonstrated by our strong second quarter guidance, we remain excited about our trajectory and opportunities to continue to grow our business in 2014. Our employees have done a remarkable job staying focused and delivering results during a period of distractions."
Why don't you go back to country you stole from the Arabs..