'thecrazykevy' pid='44909' datel Wrote:
'maplell2002' pid='44906' datel Wrote:I heard one big investor (that I respect) saying ‘After so many years in investment business, this is the most malicious and fierce short attack I’ve ever seen. But once you experienced this one, I can almost say you can relax a bit as you'll hardly see any future short attacks on any stock that can hold a candle to this one. “ I believe we've seen most of it and the end is not too far away.I guess this NQ attack is a little different. I've certainly never seen short attacks where they bothered with making twitter accounts just so they can throw out personal insults and edit pictures to make fun of the company. https://twitter.com/EngineerAndroid/with_replies
Looks more like someone has a personal grudge rather than they just want to make money from shorting.
I tend to think the new playbook is to disseminate as much information, malicious, exaggerated, without pure facts as possible to influence perception, and negative chatter. AKA: Bill Ackman's playbook against Herbalife, I'm positive, Carson Block hired a bunch of minions, to spread nonesense, create you tube videos, spam message boards, etc to cause as much mayhem as possible. Then waited a while before writing PWC to extend the investigation and work in order to capitalize on the situation for longer. Otherwise, it doesn't seem plausible that the "Engineer" guys who are likely the same person would spend countless hourse doing what they do, if they aren't being compensated.
The point is that if they can't destroy the company with real facts, they will go above and beyond to destroy the company fundamentally if possible. ie: influencing partners, and hurting the bottom line. Look at how much NQ is spending to defend themselves, and likely will cost far more than we first were told due to this extended period of work. I think players like Carson Block, and Bill Ackman will continue this type of strategy on future attacks.
NQ does not have a combative shareholder like Herbalife had in Icahn, and so given the longer it has taken we really haven't had any solace through a shareholder publicly calling out the short seller for thier misdeeds.