06-13-2014, 01:27 AM
The market for NQ's stock as constructed right now consist of three types: short sellers, day traders and spooked longs. There are no real buyers(other than China Rock once in a while), NQ is blacked out, and other institutions are waiting for 20F. The stock probably would have come back anyway, with or without the deals. The fact we are trading at $7.8 again means the market has completely discounted Shearman and D&T's work as BS. Irrational but true. And market can remain irrational for a longtime until an external shock changes the perception.
Such are the cards NQ is dealt, so they have to move forward with bold action. Once 20F and Q1 is out of the way, NQ has to get back in the market and buy up its stock, preferably a large one time tender for say, 10 million shares. The purchase will put a real floor on the stock price, inject confidence in the market place and put the real cash/fake cash question to bed once and for all.
Such are the cards NQ is dealt, so they have to move forward with bold action. Once 20F and Q1 is out of the way, NQ has to get back in the market and buy up its stock, preferably a large one time tender for say, 10 million shares. The purchase will put a real floor on the stock price, inject confidence in the market place and put the real cash/fake cash question to bed once and for all.