Majority of shares are in the hands of acquired companies, I think. Why would they ask mgmt. to do something they don't want to do?
I think management (the ones who haven't quit, I mean) must still be terribly distracted from the two or three Muddy Waters articles written in 2013. How can a multi-billion dollar company survive if some blogger writes a negative article about them?
If MCP had any critical REE's, the government would get behind it. But, they don't. Plus, the government has likely already stockpiled all it needs from other sources.
I can't eat my $20 bills either, but one of them goes up a few percent per day and the other doesn't.
Sure, but those several players will be Netflix, Amazon, Apple, and pay-TV providers, not RedBox. And although 2014Q4 is above estimates, they also announced 2015 numbers way below street estimates - flat earnings instead of +7%. They are struggling.
I imagine that no reasonable CEO who is at all familiar with this company would endanger his reputation by taking the job. The company appears to exist to enrich the insiders and their friends. Best thing that could happen is for the state, or a reputable company like BABA, to buy it out and clear out all the corrupt insiders.
Well, it's midway between Chinese New Year and Western New Year, so on average, he's on time.
The good news is, if TF's market cap falls too low, regulators aren't going to approve them issuing US$600M of new stock, and NQ will retain FL. May get back over $5 again.
Companies normally announce the earnings release date well in advance, along with info on how investors can participate on the conference call. Why would NQ release earnings unannounced? Do they not want anyone on the conference call?
I don't short equities. But, holy moly, 13%. I hope longs are getting some of that when their broker loans the shares.
I've had no skin in the game since the day before earnings, when I sold a vertical call spread, and covered the next day. I'm just here for fun.
But I can tell you're frustrated. You expend all this effort defending a company on the other side of the world that's really a mystery to you. You wake up every morning dreading that the stock has gapped down another 10 percent because of a boneheaded PR issued while you were asleep. You just want the price to get back to where you bought it.
It must be tough being in denial all the time and obsessing over something you cannot control. You probably even check for news here before you go to sleep, and on the weekends. Maybe you peek at the phone in the restaurant while you're waiting for your food. What time is it in China, you think. Could they be issuing a PR right now?
Wouldn't you be happier just selling what you've got and investing in a blue chip company?
You missed more than dates. You claimed NQ hit 22 after, and because of, the independent special committee's findings. That's just plain false. At best, you're having trouble keeping cause and effect of major events straight. At worst, you're lying.
When you say "The stock secured footing and rose to the $22s after Delloite and Sterling's forensic investigation concluded that NQ was clean", you're rewriting history. The report in question was issued on June 4, 2014, and the high that day was just $10.85. The last time NQ was in the 22's was Oct 23, 2013, just before MW's report came out. It almost got to $22 on March 4, 2014, when it hit $21.59 at 09:34am.
When you say "there are rumors of $500 million of revenue in 2015 and Billions in the years to come", is this revenue going to be cold hard cash from legitimate customers, or will it be NQ's own money indirectly (as with YDT), or will it be stock issued by almost-worthless companies like the TF deal?