Thanks for both of ur msgs, yes i have written to these guys once a week and have received emails back every so often, whihc say nothing , working towards f20, I lik eu will wait, but seeing down days from 12 to 4 is hard to take
i believe it too that they will, However I and many other longs are upset at NQ for dragging their feet on this important issue, Mkt screaming for this one piece of info over and over, yet i find NQ oblivious to it, and i don't buy the 8 month period for audit acceptable.
Like the msg below this, headhunter thinks NQ can wait till May 2015.. Seriously. I hope u r not in that boat..
Yes good push back, mkt does not care for the same rehashed news, it wants F-20, we r into the 7th month from the 2013 year end. For company of this size, if everything ok should be a one week or less exercise.
Happy trading, i quote,
"We remain confident in our business, our strategy, and our financials," commented Omar Khan, co-CEO of NQ Mobile. "We believe that the steps we are taking strengthen the collective global experience and expertise of our Board and further enhance our corporate governance."
In addition, following the June 4, 2014 release of the summary findings of the independent investigation conducted by the independent Special Committee of the Board, the Company's independent auditors, PricewaterhouseCoopers Zhong Tian LLP ("PwC"), communicated to the Company that it would need to perform additional procedures and expand the scope of its 2013 audit work. The Company's Board and Audit Committee are considering PwC's request. The Company will provide a further update when available.
SO when do we expect any news from NQ on the Audit expansion. And if this is to be done, would imply that PWC is not doing anything at present, Hence no F20 for months. can NQ survive that long.
i agree, Omar has never been in a senior position that matters and giving him this title was way over his head.. He was not going any where in his old job, so he thought he will jump ship to a small company and try to make a name for him self. Wrong.
As for NQ will it ever make it back, i wish i was as trusting as you Betsy, daily beating has worn down our spirits. Wish we could say with some certainty that the end is near.
Why do you get pleasure from calling people names. There is no reason for you to behave like this. I have done nothing to you. May God guide you and teaches you to love your fellow humans .
Like you we have been conditioned to seeing only down days, just hoping that NQ will start taking meaning full action to save the company from this destructive path that they are on.
Or else we continue the ride on a sinking ship. remember bad news always comes before holiday or Friday and we had one last week. Now NQ if they are real and still kicking have to calm the market by saying some thing logical rational, thoughtful constructive that helps the company and the longs. We can not take this beating day after day.. Or else they would have proved MW and every other person publishing negative things on NQ.
Thank you all for your comments. but i worry and many of the longs are deadly worried seeing our investment down 70% and no hope of recovering. At least that is how it appears as rosy a picture as we may want to paint. I know some of you are also hurting but like i and other die hard longs want to believe that there is nothing wrong and time will fix every thing.
So please tell me one thing, if this company is legit, and everything NQ has said about the internal investigation, cash validation , expanding business and you know all the other good stuff stated by them, then please please tell me why in the last PR did they say that PWC wants expanded audit, It is not as if they did not know, that is what PWC wanted to do for the last 6 months, and why for the size of this company any type of audit expanded or not should take this long, Please also explain, as if they did not know the audit person had to be replaced and they choose to do it at such a critical time. And to make things worse they never provided any additional info to calm the market. And from these lack of actions, we find atleast one of the big holder is out and soon we will know that the other players have also bailed out. Leaving the stock in the $4 range, When is enough is enough. When do we hear from NQ, when do we get F20, when will the stock stabilize and see it move higher, so we can get a feeling of things are on the mend. Time is of the essence..
Since May 15 die hard longs have given NQ benefit of doubt on all PR items. We have looked for the positives, in the investigation, cash etc etc. And we have stayed true to them, Does NQ not owe us something..
Sad part is that no one is interested in buying NQ, otherwise that would have happened by now. I know Betsy thinks that someone will. The game is over..
So NQ is left to deal with the issue by themselves, sadly NQ has been caught by PWC swindling things otherwise F20 would have been out long ago..
Question left for most of us is: Stay and see it die, but greed says may be someone will buy them. May be F20 will come soon, may be, may be, may be..we are paralyzed.
Does not matter any more, all of us giving up, we should have listened long ago to the drums, May 15 was the give away.. NQ has nothing left in its ammo to save you or I and nor do they care. There is no one left to manage the company and i say that because of, Not being able to make a call on PWC extended audit request for over three business days
U r right, as longs get pressured to sell, short get the better hand each time. Since May 15 stock has been going down due to longs being forced to sell, because they could not afford to hold. And every week no action by NQStock forced MM to keep lowering the price,. I tell in all longs are selling and price is dropping. I tell you we have invented stories to keep the hope alive, but NQ has not come to the shareholder rescue. There are NOT many of us left, and as of recently, i see people on msg board who were lot more gunghow than I about the recovery, Now i am seeing messages from them which have tone of disappointment, rejection, disgusted, let down, hopeless..
I for one am at fault, knowing from experience that I should never have bought this company, and i did everything that i had learnt not to do over years of trading, but I did not and now I have to pay dearly for this mistake.
some thing is so terribly wrong whihc we can not even guess, say that Market knows it and does not even think it is worth the start out price of 3.83.