10-28-2014, 11:25 PM
'admin' pid='51339' dateline='<a href="tel:1414502 Wrote:Any opinions on this one from a SA article:
Somehow, although NQ's lowest price in April 2014 was around $11, the company managed to buyback 2,092,000 shares on the OPEN market for just $4.4 million, for an average price of $2.10. I am not quite sure how that is possible to be quite frank (page 209).Highlights From NQ Mobile's 20-F - NQ Mobile Inc. (NYSE:NQ) | Seeking Alpha
comment from same article that may explain it. Fwiw
BP1284
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"4.Somehow, although NQ's lowest price in April 2014 was around $11, the company managed to buyback 2,092,000 shares on the OPEN market for just $4.4 million, for an average price of $2.10. I am not quite sure how that is possible to be quite frank (page 209)." - If I am not mistaken ADR is 5 shares so they bought 418,400 ADRs at 10.51 probably on April 14.