'Mountainbiker' pid='31057' datel Wrote:Admin, do you think Matt will do any response to his new piece on YDT?
Toro should be all over the YDT allegations (nothing new) after going to NQ and YDT office. After signing the NDA I would think they could see the cash receipts from YDT to NQ. The cash receipts tell the story. Matt did mention that all recepits have been submitted to the independent auditor. Either the auditor will point it out or Toro can mention that they have seen the receipts and the numbers add up. Not everyone will believe Toro, but as many have see on SHU, Toro is a credible source and is doing more on the ground research than Carson....
We can all agree that the 90% number is out the window with the handset makers acknowledging their partnerships. As Tradestar pointed out...even if YDT revenue is overstated from creative accounting (the incentive to raise the stock price and get more capital chearper: CB). The power of the buyback if used agressively as Matt has stated will be the difference. Don't forget that Matt was a Goldman Sachs employee and created a firm that does equity research in China. Matt understands the dynamics of a short squeeze and I am sure is lobbying the board with the best way to cause the most pain to the shorts. Management is incentivised to get the price higher (Omar has big stock compensation). Yes they would want to buy back the stock as cheap as possible for the long term capital management of the business, but I think Matt is fully aware that a large action must be taken to get the shorts out of the stock.
From now till earnings or the independent audit is released is just noise. Daily trading is dominated by HFTs and what seems to be accumlation at different price points. MW seems to be rehashing YDT which may be the only thing they can point to that they got right for the lawsuits that are on the way. This may be their way of validating their "call."