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+--- Thread: Atlantis increased its ownership (/showthread.php?tid=5069)
Atlantis increased its ownership - Mountainbiker - 11-05-2013
http://www.iqdii.com/Detail.aspx?id=454084
Altantis now owns close to 10% of the oustanding shares.
RE: Atlantis increased its ownership - admin - 11-05-2013
Now there is good news. Thanks for that. These guys are pretty thorough, I've been told.
RE: Atlantis increased its ownership - admin - 11-05-2013
And as you can read in Justin's SA article, none of the analysts following NQ (Topeka, Macquarie, Cannacord) has cut their ratings or price target
http://seekingalpha.com/article/1800822-nq-mobile-q3-earnings-preview-upgrades-look-to-be-on-the-way-and-why-shares-could-triple
RE: Atlantis increased its ownership - bosreeno - 11-05-2013
Google translate is horribe. What does this mean - doesn't sound too positive.
不过，经济观察报采访的多名对冲基金人士表示，市场传闻，网秦正在请一些关系要好的基金公司或者是私人朋友帮着拉抬股价，网秦现在要做到的就是要加空仓“逼空”。不过，这一说法并未得到网秦的认可。
However, the Economic Observer newspaper in an interview to a number of hedge funds, said the market rumors, NetQin some relationships are being invited to be a good fund company or a personal friend helped lift stock prices, Qin now want to do is to add short positions "forced Empty. " However, this statement has not been recognized by NetQin.
RE: Atlantis increased its ownership - kshen - 11-05-2013
(11-05-2013, 01:26 PM)bosreeno Wrote:Google translate is horribe. What does this mean - doesn't sound too positive.
不过，经济观察报采访的多名对冲基金人士表示，市场传闻，网秦正在请一些关系要好的基金公司或者是私人朋友帮着拉抬股价，网秦现在要做到的就是要加空仓“逼空”。不过，这一说法并未得到网秦的认可。
However, the Economic Observer newspaper in an interview to a number of hedge funds, said the market rumors, NetQin some relationships are being invited to be a good fund company or a personal friend helped lift stock prices, Qin now want to do is to add short positions "forced Empty. " However, this statement has not been recognized by NetQin.
That says, after interviewing a number of hedge funds, the rumor is that NQ invited a bunch of hedge funds that they have good relationships with as well as personal friends with capital to boost their stock prices prior to doing their bond offering. Now they are adding short positions to drive their stock prices back down.
IE have friends drive prices up, do a convertible bond offering, then short the stock to hell so they can do a buyback. This would be unethical as hell. But where ever they got that rumor from is also unclear
RE: Atlantis increased its ownership - chenlica - 11-05-2013
I never trust the Chinese media. Period.
RE: Atlantis increased its ownership - kshen - 11-05-2013
Since I'm in the conspiracy theory mood...
Here's another quote
在被浑水做空之后，刘央亦迅速买入支持，“具体占公司多少股份，不便透露，但是一定是重要股东，且不到10%，因为到10%的份额必须要发布公告。”一名内部人士向本报表示
This says, Atlantis took advantage of MW's attack to rapidly purchase shares, but stopped under 10% to avoid having to disclose their position.
Combine it with this.
不过，经济观察报采访的多名对冲基金人士表示，市场传闻，网秦正在请一些关系要好的基金公司或者是私人朋友帮着拉抬股价，网秦现在要做到的就是要加空仓“逼空”。不过，这一说法并未得到网秦的认可。
That says, after interviewing a number of hedge funds, the rumor is that NQ invited a bunch of hedge funds that they have good relationships with as well as personal friends with capital to boost their stock prices prior to doing their bond offering. Now they are adding short positions to drive their stock prices back down.
IE Drive the stock up, but not buying enough to having to disclose your position. Then dumping it all at opportune times driving the stock down like crazy. Repurchase at bottom. -_-
Conspiracy theories at its best
RE: Atlantis increased its ownership - kshen - 11-05-2013
'chenlica' pid='30895' datel Wrote:I never trust the Chinese media. Period.
Agreed. Half is BS and half is censored by the Government for propaganda. 1/2 + 1/2 = all bs
RE: Atlantis increased its ownership - tradestar2012 - 11-05-2013
Sorry, but that plan seems to neglect why is MW involved in this at all. Their allegations go beyond a short conspiracy. MW is going for the juggular and not trying to claim some basic impropriety.
What I think is going on is the author of the article is confusing the purpose of a non-deal road show (which is what NQ was doing for the last year to gain institutional interest in the company). They were actively marketing the company to get new investors. That has nothing to do with the convert offering. As I'm sure NQ had already marketed themselves to the holders of the converts, with those convert holders opting for debt instead of equity.
The only real take away here is that atlantis might have increased their ownership from just under 8% to just under 10%.
RE: Atlantis increased its ownership - kshen - 11-05-2013
Yes. Again just voicing conspiracy theories to keep myself sane during this highly stressful time. I'm pretty sure from looking at the charts that the shorts are attacking key long points and washing them out. Just got to trust our own due diligence and dig in for the long run until new evidence appears