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: