It's all free money to them if their companies are close to worthless to begin with. You see anyone else pay $150 million for 66% of phone wallpapers like NQ?
Will China reward them with bags of rice or pen1s enhancement vouchers?
What about the friends of NQ who were issued a ton of shares in acquisitions that is represented by the $300 million plus of goodwill on NQ's books? How many have they sold or not sold?
Where have you been? Apple Bear has been posting the exact same way like he has for over 2 years now, whether NQ was $20 or $2.
They are announcing earnings and holding a conference call at 8:00 PM EST the day before Thanksgiving? Is it because they don't want anyone to listen? Do they have bad news so they hope since the market is closed on Thursday and there's no real trading on Friday, the impact well be lessened?
Please, he works Zacks. He doesn't have a reputation. Although the NQ bagholders deserved to be trolled seeing how some were telling things like his children would die as punishment for being short NQ or his wife will be assaulted by a black guy.
He's trolling the NQ bagholders dumbo. You know the ones who were calling him an idiot when he told people to short NQ when it above $20 and $10. The same bagholders who told him the SEC is going to investigate him for being negative on NQ.
That's not true. Now NQ sells ugly Chinese girls who dance around and shake them butts in front of webcams for money. They'll probably come over to a little China man's house and give them a special massage too if they pay enough.
hahahaha. You're such a genius chad. Some NQ bagholder, probably from stocktwitter, emailed bbolan and told him he has been reported to the sec and will be investigated. He posted that as a joke.
Will they choose to secretly moved as much cash as possible to their friends and family in the guise of business deals before the debt is due next year in October? Anyone ask why they burned $30 million in cash last quarter? So many questions and not a word from NQ.
Actually they aren't as dumb as you think. See the $300+ million in goodwill on the balance sheet that got added over the last 2 years. It comes from all the stock they issued for acquisitions of worthless Chinese companies no one has ever heard of. No doubt these companies are owned by friends of Lin and Shi who dumped the shares once they received it and split the profit back with NQ management.
Well then genius if the deal is so binding and such a sure thing, how the stock is trading at $3 with no volume?
First it what are shorts gonna to do when the "independent investigation" comes back clean, then what are shorts gonna do when PwC signs off, then what are shorts gonna when MBP signs off, then what are shorts gonna do when NQ starts buyback, then what are shorts gonna do when Tack Fiori deal is completed, and now what are shorts gonna do when NQ sells FL Mobile. See the pattern?
NQ's mobile security business, which Carson Block said was a complete fraud, disappeared entirely now. In 1-2 years it went from 80% of their revenue to now under 5%. NQ also went from reporting fat profits to fat losses suddenly after too. Now NQ's main business is the Showself girls dancing and singing on webcam's for money which they paid $50 million in stock for and some cartoon wallpapers which they paid almost $200 million in stock for.
Why? You'll just lie and say you never bought any shares at $4 even though you posted you did and just claim to have bought everything at the 52 week lows. And I've shorted NQ and bought puts since late 2013, when the stock was in the twenties, teens, and high single digits. Back when the Chinese helmet midget that rides around on the fake Chinese scooter was still CEO. I've banked a lot more profits than you but you don't see my bragging how big my #$%$ is.
From $500 million to $80 million is a 84% loss of value in just one year. Did any bagholders bother to ask why? I bet not because they are falling for the new fake $600 million value for FL Mobile just like the bagholders last year fell for the fake $500 million valuation for NationSky.
NQ is in China. Good luck even touching them. Almost all of the 20 people Dallas team now left the company too. No more kim titus, victoria repice, omar khan, conrad edwards, etc. You just have Matt now and gavin kim who spends more time at his new popsicle store than the NQ office.
In Q2 of 2016 NQ will announce the current deal is cancelled because they found another buyer for FL Mobile at a gazillion dollars or some other imaginary number. However they will claim they need another year to negotiate this other new deal.