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NQ Mobile Inc. Message Board

thefattlady 75 posts  |  Last Activity: 11 hours ago Member since: Feb 9, 2000
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  • thefattlady thefattlady 11 hours ago Flag

    What kind of grunt you smokin? Did you read the press release? Do you know what DEFAULT means? Do you know what DELISTING means?

    And if you're relying on that 600K float to create a squeeze, you MIGHT want to read the 20F where they revealed that in March they issued 4 million shares at $0.37. They raised a whole $1.2 million. It's spent already.

    Roll a jumbo for me!

    Sentiment: Strong Sell

  • Press release just out...

    PRGN kicked of the Nasdaq. And they didn't even try to appeal!

    You knew it was coming.

    They have negative $35 million shareholder equity. Nasdaq minimum is POSITIVE $2.5 million.

    Where were they going to come up with $37.5 million?

    Oh yeah, and buried in the release they announced they defaulted on the delivery of the first of the three ships that they don't have money to pay for!

    Trading the low float squeeze works..... UNTIL IT DOESN'T!

    35 cents will look good in about two weeks.

    And yes, THE FAT LADY IS SINGING!!!!!!!!!!!!!!

    Sentiment: Strong Sell

  • Reply to

    NOT an offering

    by oaksapollo May 24, 2016 9:12 AM
    thefattlady thefattlady May 24, 2016 9:55 AM Flag

    Yep, if you say so.... tha's why they filed a supplement. I suggest you back up the truck before it is below $3.

  • Reply to

    NOT an offering

    by oaksapollo May 24, 2016 9:12 AM
    thefattlady thefattlady May 24, 2016 9:17 AM Flag

    read the prospectus again. They exercised the penny warrants. They are dumping 1.5 million.

  • thefattlady thefattlady May 24, 2016 9:15 AM Flag

    Ha ha..... they are dumping 1.5 million of the shares that they got for a penny during the recent offering.

    A 40,000 percent profit in a month.

    Ya can't blame them. But it doesn't say much for what they think of the recent up move in the stock price.

  • Insiders are SELLING?

    Go figure!


  • Yahoo finally has financials of PRGN updated to reflect recently filed 20F.

    ROFLMAO! NEGATIVE -$68.05/share book value.

    And..... $91million in debt.

    this thing is a beauty!

  • Reply to

    legit question

    by sm_pete5 May 20, 2016 11:05 AM
    thefattlady thefattlady May 22, 2016 9:41 PM Flag

    Not to mention they have no money, no operating cash flow, and no credit line to pay the remaining money due on the new vessesls. Oh and did I mention they are now in default on the Unsecured Notes Due 2021?

    Who whould lend them money for vessels for which they overpaid when their is already an excess of vessels already on the water desperate to fill their hulls?

    As I've already said, my guess is that they issue vulture equity at massive (80%?) discount to keep them afloat for a few months just to keep the illusion alive a little longer. What happens in Sept when they have to pay on the first of the new vessels? Good question. Bankrupcy?, More massive dillution? Who knows...........

  • Reply to

    Why is this up?

    by anderbest18 May 19, 2016 10:55 AM
    thefattlady thefattlady May 19, 2016 11:13 AM Flag

    Purely a short squeeze. Enjoy the ride if you are fast on the sell triggar. Dorm room traders will get their eyes opened if/when Yahoo ever gets around to updating the Financial Statistics on PRGN.

    Negative $70/sh book value
    Losing $3million/ qtr.
    Zero Cash & no credit line available.
    Contracted for 2 over priced new ships to be delivered later this year, but no money to pay.
    Going concern letter from auditors in the 20F

    But none of that matters in the short term...................

    Do your own DD

  • thefattlady thefattlady May 18, 2016 4:17 PM Flag

    Did TheFatLady call it, or what???

    Holy Krapp, Elon is SELLING shares, not buying, yeah, yeah, yeah, sure it's because the options are expiring, thats #$%$. Elon don't have no free cash, to buy the optioned shares. Looks like the ol' falanderer is stretching himself thin.

    My guess, they'll find enough suckers to price it at $200 on the nose!

  • Today's upgrade says Goldman gonna be the lead underwriter on the stock offering, the only question is.......... What will the price be????

    My guess, $195 - $200, Clearly they will bust their walnuts to keep the 'two handle'. Anything under would be a failure.

    Does Elon buy into the offering? Of course.

    But didn't he do that with SCTY last time??? ROFLMAO!

  • thefattlady thefattlady May 13, 2016 10:06 AM Flag

    Relax, there are no shares available to short. That said, with their current inability to borrow (read the 20F) they'll need to use other means to get some cash to stay afloat. If I had to guess, they'll end up finding a bucket shop underwriter and issue 10 million or so shares at $0.30-$0.40 per share with a bunch of cheap warrants as a kicker. That will give them a coouple million bucks to stave off creditors for a month or so.

    The company has no liquidity and is insolvent. The only guys who will touch something like this are slimeball sharks who will buy stock at a massive discount where then flip it to suckers for a $0.05-$0.10 share profit.

    Just my guess, time will tell..............

  • thefattlady thefattlady May 12, 2016 6:58 PM Flag

    Looks like they had been playing games with the value of their vessels to make balance sheet look good. Had to write down the value of the vessels they sold by $116 million, then had to write down the value of the ones they still own by another $96 million.

    And to think they still have to come up with the money to pay for the three new ships that they contracted to have built back in the bubble a couple years ago. They already extended the deliveries of these vessels until later this year. because of their cash crunch and low demand. Will anybody be crazy enough to lend them money for ships that won't make money when PRGN is broke?

    Sentiment: Strong Sell

  • 20F filed on EDGAR, (Equivalent of a 10K if they were a U.S. based company)

    Not looking good. They lost $409.93 per share in 2015, that's right, FOUR HUNDRED and NINE DOLLARS per share loss!, That's got to be some kind of record!

    Book value, now NEGATIVE -$70.15 per share!

    Oh yeah, the icing on the cake......

    Auditors gave them a 'Going Concern' warning in their letter. (For you dorm room traders, that means the auditors don't think they are going to survive!)

    You play with fire...............

    Sentiment: Strong Sell

  • Reply to

    Holly SMOKES... 18-20% down

    by fsusmatty May 12, 2016 9:47 AM
    thefattlady thefattlady May 12, 2016 9:57 AM Flag

    Wake up kid. This stock ran to $11 from the $7's on the Facebook Oculus launch. Qtr results were just in line, no overly enthusiastic talk by the company. What's the next catalyst for someone to buy more, rather than sell?

    Buy the mystery, sell the history! This stock is now range bound.

    You have much to learn.

    Sentiment: Sell

  • Only way to control the message is if you don't let anyone ask questions.

    Ignore the man behind the curtain.......

  • Rizzone says changing priority from Mid and full size Watt UP to the newly prioritized mini 'contact' version requires pushing back completion date of original timelines, That is absolute bullKrapp.

    If the market opportunity for original products still exists, you keep working on them at same pace by hiring additional resources AND YOU PUT YOUR best people on the 'new' mini opportunity.

    To suggest that it is an 'either/or' situation is complete bullschitte. It's only an either/or situation IF you've realized your previous assumptions were WRONG.

    My guess is that feedback from FCC, R&D, industry leaders, consultants, whomever, says the market isn't there or the technology ain't cutting it.

    By the way, this is the first WATT conf call I've listened to and already I CAN'T STAND RIZZONE. Guys is full of himself. It would be quite satisfying to squat and take a healthy schitte right on the top of his head.

    p.s. Conf call reminds me of old UNXL conf calls. Everything is great..... until it isn't.

    Sentiment: Strong Sell

  • thefattlady thefattlady May 10, 2016 7:23 PM Flag

    By the way, I feel for all those who are losing their jobs at TRXC, it's got to hurt. The sad thing is that the ones who deserve to lose their jobs (executives) will likely get a bonus this year.

    Sentiment: Strong Sell

  • TRXC CEO is dillusional. And this was one disasterous quarter.

    SurgiBot an utter failure. They've abanoned trying to get it apporved in the U.S. They aren't even going to try for European approval, I wonder why? Analysts seriously unhappy on the conf call. They blew $100Million buying the already European approved ALF-X system last year AND HAVEN'T SOLD A SINGLE SYSTEM (and CEO would not commit to even selling a single ALF-X system in 2016). You think SOFAR knew something when they dumped ALF-X?

    The sharks at Intuitive have taken every single surgical robot sale, EVERY ONE! ISRG will do WHATEVER IT TAKES to put these guys out of business. It's just business. If these guys had half a brain, they'd give away a half dozen systems for a $500K price tag JUST TO SAY THEY SOLD SOME and get some real world experience.

    The cherry on top of this whole ice cream sundae of a joke is that they were savvy enough to dupe $75 million out of starry eyed small investors to continue the charrade for another year or so. $75MM may keep them afloat for a while but it CERTAINLY won't get them to profitability!

    Surgibot and ALF-X may some day make some money, but it won't be current shareholders who profit from it.

    Congrats longs!

    Sentiment: Strong Sell

  • From the P.R.

    The Company has evaluated the operational and financial feasibility of pursuing 510(k)s for SurgiBot and ALF-X concurrently, and has decided to reprioritize its near-term regulatory efforts and focus on the ALF-X 510(k) submission.

    What makes them think ALF-X will do any better?

    Sentiment: Strong Sell

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