New SA article

[admin]

http://seekingalpha.com/article/1800822-...uld-triple

[kshen]

Biased beyond belief and made no attempt to collect info other than taking Carson Block's word just like bloomberg

[dietberd]

Agree - just disappointing to see how biased and badly researched articles actually influence market price

[Mountainbiker]

I have a feeling that  the shorts are in a panic mode. Throwing the kitchen sink at NQ today with a couple of biased articles saying the same old stuff from MW.

These are clearly written by affiliates of MW. Why are they in a panci mode?? Becasue NQ will be putting out good news this week and next and the week after at the Analyst's meeting in NY.

[Haggerston]

It's time for NQ to work with a premium public relation agency to get a handle on this. I've never seen such a short attack. It's relentless and criminal.

[Mountainbiker]

Also, MW and its affliates have to come up with more smear campaigns before the Indp. Committee puts their out intial independent report.

Once this positive report comes out, that is the end of MW's career!!

[ArtM72]

Also, MW and its affliates have to come up with more smear campaigns before the Indp. Committee puts their out intial independent report.

Once this positive report comes out, that is the end of MW's career!!

Wouldn't it be nice if there was some equity in Muddy Waters so that Block et al would have to pay for his lies?  It is a damn shame corporate law shields employees, officers, directors etc. from personal financial responsibility for their actions.  (The worst situation of course is the recent settlements against the Too Big to Fail banks which are being paid by the innocent shareholders rather than the culpable executives.  That compounds the injustice).

[TxPm]

Just thought everyone should know there is yet another short article on SA as of about an hour ago

[admin]

Hardly a smoking gun..

[admin]

This comment might help:
["Keubiko, you must not be on NQ IR's distribution list and thus have not seen today's commentary from the company about muddy waters's critique. I'll do you a favor and reprint here the passage from today's commentary that pertains to Yidatong and Xu Rong:

As previously disclosed in each of our audited 20F's, the amount of revenues that flow from carriers through Yidatong to NQ has been provided in complete detail. Yidatong is an important payment processing service provider for NQ, and one of several that play an essential role for billing processing for both NQ and others across the industry. We have already disclosed that Yidatong is an independent operating company and provided information to verify that NQ has never had an ownership interest in Yidatong. The business interaction and payment flows have been vetted, audited, and continually verified. We have the bank transfer receipts detailing all of the actual cash transfers from YDT to NQ in 2012 and we are making verification available to our third party auditor. Additionally, we have also made available the monthly reports that YDT delivers to NQ detailing the payments collected on behalf of NQ with carrier partners. These reports, along with the cash transfer receipts are the kind of thing that auditors and our independent third party auditor use to verify and then cross check with actual cash flows.

Ms. Xu Rong indeed worked as a consultant at NQ from the spring of 2007 until the end of that year. She then worked actively part-time as NQ's director of marketing from the end of December 2007 until August 2008. There is nothing revelatory or earth-shattering about a company working closely with and partnering with individuals who previously worked together. In fact, it is quite normal, expected and often optimal to work with partners that you have come to trust and appreciate. Further, and to restate, the relationship with Yidatong and NQ has been fully disclosed, fully vetted, and fully verified every step of the way. We have had many third parties, investors, and even reporters visit the Yidatong office in Beijing – which they share with Ms. Rong's other business 9Hcom (a PC gaming company she also owns)."]