Haven't we seen this movie before?
Carson Block of Muddy Waters issues a short selling recommendation on a company he believes to be a fraud. The company disputes this and appears on a financial network to aggressively defend its honor.
Fast forward six months to a year and the company is delisted.
Will this be the case for NQ Mobile? I have no idea, but I know that if I had to bet I'd be betting on Block who has proven to almost always be correct with his claims of fraud.
The video below is the NQ Mobile CEO defending his company:
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.