That sounds desperate! That is stupid if you are real short.
" jewel that makes NQ worth anything"
In other words NQ, has a jewel which makes money. That is a good one from a short.
“Given how low NQ’s share price is after the big slump last week, the $80 million would mean a buyback of a pretty sizable percent of the outstanding shares based on market value,” Sachin Shah, a special situations and merger-arbitrage strategist at New York-based Albert Fried & Co., said by phone. “For short sellers they have to buy shares to cover their positions. So when NQ actually does this, there’ll be fewer shares available for borrowing, then the shares the short sellers have borrowed may become more expensive.”
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Supporters of Block and other short-sellers claim they provide an invaluable service by conducting due diligence on dodgy Chinese companies that mainstream investors do not bother with and offshore regulators do not have the capability for.
“Does it make a difference if you have a degree from Oxford university and work in an office on Wall Street? Who cares? Carson Block has become the most effective person in the markets and he’s a single individual,” says Andrew Left, a short-seller whose reports have prompted the delisting of half a dozen Chinese companies from US exchanges and caused the share prices of many others to collapse.
Excuse him- 13 and 33 are difficult for him to comprehend- he has IQ to lube the super rich crooks only - beyond that is difficult for him- but he tries.
You seem to know a lot of to get rid of evidence- are you a party to this. Seems like- because you hang on a board shouting murder on a stock board with no belief in the stock for this long. Maybe they need to get their sight on low lifes like you (keeping lubing the rich to get a few dolla a day) to get to the top.
If you wait till tomorrow and see if NQ goes up like today.- you will have the answer. But you live fir a day- you cannot discern reality from fake. Just low IQ person. I feel sorry for you but then I do nbot because you are a dumbash who thinks he/she is a geniass.
HONG KONG—Hong Kong’s securities regulator has begun its first legal action against a short seller, targeting the head of a U.S.-based research firm for issuing a report on Chinese property developer Evergrande Real Estate Group Ltd. that the watchdog says was false and misleading.
In a rare instance of a regulator targeting a short seller in a developed market, the Securities and Futures Commission said in a filing that a June 2012 report by Citron Research triggered a slump in Hong Kong-listed Evergrande’s share price, allowing the head of the research firm to make a profit. In short selling, an investor sells borrowed shares in hopes of buying them back later at a lower price, pocketing the difference.
The SFC alleges that the report included “false and misleading” information about Evergrande, such as allegations that the Chinese real-estate firm was insolvent, in a report that gathered widespread attention at the time from investors, banks and media. The SFC said it will pursue Andrew Left, the head of Citron Research—known for publishing harsh views on stocks—through Hong Kong’s Market Misconduct Tribunal on allegations of market misconduct for publishing the report on Evergrande. The Market Misconduct Tribunal is an independent body headed by a present or former High Court judge and overseeing allegations ranging from insider dealing to price rigging.
An email seeking comment from Citron was responded to by Mr. Left, who declined to comment. Evergrande couldn’t immediately be reached for comment.
Asia has been hit by a flurry of short selling in recent years, but this is the first instance in which Hong Kong’s regulators have acted against an activist short seller.
On June 21, 2012, the day Citron’s report was released, Evergrande’s share price reached a high of 4.52 Hong Kong dollars (58 U.S. cents) before slumping to HK$3.60. It closed the day at HK$3.97, down 11.4% from the previous day’s closing price. In contrast, the Hang Seng Index ended down 1.3% that day. Since the Citron report, Evergrande’s share price has fallen by more than a fifth to a close of HK$3.08 Tuesday.
"Maybe one day you'll learn"- thanks for the suggestion. That is everyday on stock market.
But certainly not from ones who have seizures everyday the market turns up or down- in stocks they have no interested in or invested in.
Everybody on this MB except you have figured that one way sooner then you. That is the reason they do not use it here- because when use it you look like an imbecile.
Hey - If your not humble with stock market, it are either dumb or a jerk.
So when you take a beating you hang around and see how it turns- sometimes you are right and sometimes you are wrong. Some stocks make you cry but others on the same day make you jump in joy.
Yes, I have taken a beating in NQ- 65% in the tank but also up from below $3 to over $7 on another.
But one thing I can not do is being a low life hanging around the same stock and crying murder.
I agree what your broker says:
Co-CEO is a bright guy, with stellar work for SAMSUNG to back him up. So, he has not moved here, and is going to work to make this a successful company.
Listing Rules 14.06 (6) in Hongkong
With the doubts hanging in the market what would stop the management to tell this its shareholders and to the market. How would the share beaten down time and again help the company or management. Omar did get his MBA from MIT.