In addition to such openness, the company is currently exercising its $35M repurchase plan, with management committing itself to purchasing an additional $3M in shares from personal funds. This $3M is on top of the $2M that management purchased in 2012 as well as the voluntary lockup management has been engaged in since last year. Lastly, the company continues to maintain the trust and confidence of its auditor, PWC, as evidenced by NQ’s recent 3q earnings release, cash verification efforts, and pre-MW bond offering.
NQ Mobile Inc ADR NQ: NQ Mobile, A Near-Term Road Map: Navigating Your Investment Through Uncertain Times – Seeking Alpha
December 12th, 2013 · No Comments