16 million shares
Until Omar starts acting like the CEO of a public company, the shorts will remain in control. All hands called to China....no releases, no explanation of TF deal,= he thinks that investing is a guessing game and the street has absolutely no trust in his leadership. It's actually funny that a tiny blip up is due to a rumor that the company will be sold and he will most likely be out. He ought to go back to Samsung as a sales manager instead of staying in a job that he clearly is unsuited for.
You make a good case for the fundamentals but the street, as judging from the institutional managers, has no use for the current behavior of management. The lame explanation for the RM given by Omar managed to irritate enough shareholders to bring the price down by 40%. Ad the idiot shorts into it and you have a stock that is clearly undervalued. The problem is that no one cares. Until Omar either explains the logic in the Tack Fiori deal or cancels the deal, we're stuck with no catalysts. The answer is either a buyout or take the company private which is the way it's being run now.
Also, where did the 1,2,10,12 share trades come from at the bid immediately after a decent size buy at the ask. The MM's are screwing with the tape to hold the price down. Simply follow time and sales (by the tick) for an hour or so and the pattern becomes obvious. Two big offenders are Bats and Direct Edge. It's going to take some decent news to convince the 18,746,024 short shares that there's no more money to be made being short ad that it's time to cover. Mark better have a positive story when it comes to guidance.
shorts or an institutional holder. Too much too quickly for this to have been just regular action. If there's even a hint of bad guidance coming, they better be ready for the SEC investigation and insider information suit to follow. Enough is enough
their a$$es and work to recruit institutional holders, nothing is going to happen. They should be at every conference and road show that they can get an invitation to instead of hiding in obscurity in Dallas. The market has no understanding of the reverse merger and it looks so convoluted that institutions won't touch the stock. Without some support, the stockholders get screwed while they continue to collect stock based compensation. Maybe, when it gets low enough, their options will be close to worthless and they might stop hiding. Omar's blog post did nothing except waste space on the website. Call, email, write and keep the heat on this clown car full of incompetents.
Until the Company either makes a statement about deals or gives guidance, the shorts will stay in control. The MM's are cooperating with them using 1&2 share trades and the company management is oblivious. Start writing, calling and emailing the IR department and demand information. Maybe with enough angry shareholders they'll get off their a$$es and finally make a statement.
The buck has to stop somewhere and when Omar decided to pull the reverse merger stunt and also to give Feng 2000000 shares, he knew that the market wouldn't buy his lame explanation and did it anyway. I don't understand why the board hasn't already started looking for a new CEO. NQ has acceptable fundamentals and would be back at 7-10 if the deal was cancelled. FL is generating a good bottom line and outside of keeping Bison happy, there's no logical reason for the deal. Make bad deals....lose your job
With cash on hand and monthly users in the hundreds of millions, the real problem is that the street has no confidence in Omar and his ill thought out schemes. His cryptic explanation of the reverse merger benefits proved that there is no additive value to NQ in this deal and it's time for Bison, China Rock, and Morgan Stanley to get together with the BOD and get rid of the real problem...... A salesman in the chair that a real CEO with some vision needs to occupy!!
I'm Certainly not a fan of Obama, but the real truth is that the Saudis have basically weaponized oil on the economic scale and there's nothing that Obama can do to stop it. The Saudis are determined to grab back market share and they can do it with cheap oil since they know that if they keep overproducing, some of the fracking operations will either slow production, go broke, or both. Linn is substantially hedged through 2016 so they won't be affected as much as the pure exploration operations. In the meantime, if the Saudis cause a world slowdown, their sovereign investment fund will take enough of a hit that sooner or later, they will be forced to reconsider and slow production thereby pushing up oil prices. They've admitted countless times that $70.00 per barrel oil is their sweet spot. If Obama really wanted to do something productive, he's instruct the Commerce department to rewrite the regulations prohibiting the US from exporting oil and let the real economics take over.
Where did you get this information?? As far as what they've disclosed, there's no mention of additional money from Bison.