Still they keep making their moronic predictions.
Is NQ management going to offer investors a new ray of hope they have been waiting for or they are going to be utter disappointment once again that is 64K question.
I am hoping for longs to win this week's battle, but with NQ management you never know.
I have been tweeting the same horn.
This is a common problem with many of these Chinese Companies. They come up with products with great demand especially in local chinese markets, but have very poor management skills as public companies in capital markets. Why is Mr. Lin still at the helm? He could have handed the company to a professional competent world class CEO who knows how to succeed in capital markets long time ago. It almost seems like they want to shoot themselves in the foot all the time.
The other big issue here is a utter lack of investor activism.Why are institutional investors (if there are any left) not making any noise?. If ChinaRock has almost 17% stake (as of 8/8/14), why are they not banging on the doors of NQ? Unless they have some ulterior motives, institutional investor silence is very surprising to say the least.
It seems like retail investors are just helplessly hanging on to the ropes, with absolutely no clue on what is going on with the company, hoping for that day when management finally comes to their senses. NQ has great potential but it all seems like a big waste at this time.
Be careful. I got nailed by GMCR recently.
GMCR shot up from 115 to 135 for a trivial news (that Kraft licensed their k-cup, for already dying brands like Maxwell etc)
There are psycho hedge fund managers that will even scare Frankenstein.
Remodulin sales. So the favorable ruling adds 27% to the value of company?
That is BS. Does not matter if the company is in play or offer is unsolicited, they don't have to take the offer, but it is their fiduciary responsibility to at least respond to it.
Only this management can get away from this.
Why dont they come out and reject it for being too low?
That will at least indicate that management thinks NQ is valued much higher than Bison and they are indeed working to get 20F done and get back on road to a more rational valuation
i dont see any point in keeping silence.
Doesn't this management has fiduciary responsibility to evaluate and respond to all buyout offers on behalf of shareholders?
We are approaching one month anniversary of Bison offer and management has not uttered a single word in that whole month.
I dont care if this offer is fake, fluff, low, illegitimate, they out to come out and give us update