11-04-2013, 05:48 AM
My takeaway is that the tide of opinion is slowly moving in favor of NQ, but the company will still have work ahead of it to address more fully some accounting and product issues in order to rebuild market confidence. That said, NQ should emerge from this episode as a stronger company IMO.
The following quote from the article probably sums up the current sentiment on the part of those not previously familiar with NQ:
“I am on the fence,” said Rocky Lee, Asia managing partner and head of Greater Chinacorporate practice at Cadwalader, Wickersham & Taft LLP in Beijing. “When I see a short seller report, I expect it to be indisputably convincing and this one, unlike some of Block’s other, better reports, does not do it for me.”