["After all, the Muddy Waters allegations have been proven wrong"]
After the rather comprehensive take-down of the Muddy Waters accusations from the Toro Partner Brothers (here), that's what I thought, sort off..
But the market seems to have another understanding and there have been a series of mishaps, more especially the damaging firing of PWC, that have sullied their reputation.
Perhaps I was simply too impressed with that Toro Partner article, which was really brilliantly written, but the fog never really cleared from NQ, in fact, the contrary seems to have happened.
Either it won't clear, or if they manage to get their operations back on track, it could clear slowly, but as long as they have a SBC of $20M+ a quarter and numerous questionable acquisitions, I'm not so sure.