GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

NQ Mobile's CEO Appears on Bloomberg and Calls Short-Seller Muddy Waters' Accusations 'Completely False'

October 26, 2013 | About:
Canadian Value

Canadian Value

105 followers


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.

» Take a Free Trial of Premium Membership

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 5.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide