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NQ Mobile (NQ) new deal with Atlantis

July 4th, 2013 · No Comments

This is the first anchor investor with another 2.5M – 3.5M ADRs to buy, likely gets NQ good sell side coverage out of HK, Atlantis is a halo investor in HK and should attract other HK longs and break the cycle of HK shorts and NQ expanded its buyback by $15M without impacting its cash balance on the b/s.

My take on the Atlantis announcement…

Tags: NQ