This has to be the RECORD day

[Mountainbiker]

Now we have a total of 3 Negative articles. The story is getting interesting. Most interesting argument centers on YDT. Can NQ hold the GREEN light??

[admin]

And the day is not over..

Actually I have no problem with the last article. There were indeed some inconsistencies in NQ's communications as to Ru's exact employment record, but whether that means anything other than that, I doubt it. It's a long way from the MW blast though, and Toro and Macquarie came away satisfied from Yidatong.

[Mountainbiker]

And the day is not over.. Actually I have no problem with the last article. There were indeed some inconsistencies in NQ's communications as to Ru's exact employment record, but whether that means anything other than that, I doubt it. It's a long way from the MW blast though, and Toro and Macquarie came away satisfied from Yidatong.

If NQ can hold GREEN despite an overall negative day in the broad market, the LONGs will have the upper hand!!

[RacerX]

And the day is not over.. Actually I have no problem with the last article. There were indeed some inconsistencies in NQ's communications as to Ru's exact employment record, but whether that means anything other than that, I doubt it. It's a long way from the MW blast though, and Toro and Macquarie came away satisfied from Yidatong.

At the Investor conference, I personally heard Dr. Lin address the issue of Yidatong and Ru.  I will paraphrase, but this is the jist of his comments:  This is a silly issue (he was patient and gracious, but you could tell he was frustrated having to keep answering questions on this issue).  We were a small conpany then, just a small group of engineers.  We needed a billing sevice and one of our VC/angel investors introduced us to Ru.  Shortly after that, we needed assistance with marketing, so we brought Ru on as a consultant.  It's nothing more than that. 

All of this took place long before NQ was public, and NQ did disclose the relationship with Ru when they originally filed.  From my experience, this is very common behavior for early stage start-ups...

[admin]

And the day is not over.. Actually I have no problem with the last article. There were indeed some inconsistencies in NQ's communications as to Ru's exact employment record, but whether that means anything other than that, I doubt it. It's a long way from the MW blast though, and Toro and Macquarie came away satisfied from Yidatong.

At the Investor conference, I personally heard Dr. Lin address the issue of Yidatong and Ru.  I will paraphrase, but this is the jist of his comments:  This is a silly issue (he was patient and gracious, but you could tell he was frustrated having to keep answering questions on this issue).  We were a small conpany then, just a small group of engineers.  We needed a billing sevice and one of our VC/angel investors introduced us to Ru.  Shortly after that, we needed assistance with marketing, so we brought Ru on as a consultant.  It's nothing more than that. 

All of this took place long before NQ was public, and NQ did disclose the relationship with Ru when they originally filed.  From my experience, this is very common behavior for early stage start-ups...

Yes, thanks for that. I know there is a reason why Toro and Macquarie weren't concerned about Yidatong

[Mountainbiker]

If NQ does not drop much from here, we will have a squeeze going into closing. GREEN at the close!

[AlphaMine]

I also find the YDT/Ru Xong issue to be a complete nonissue. If anyone here has ever started or run a small business then you know full well that when you need some sort of peripheral or ancillary service to or for that business, the FIRST place you look is to people you already have some type of working relationship with (so you know they are competent, honest, share views, etc). Not to mention if you have the choice to hire a friend so they can make money who here would NOT hire the friend whith whom you already have an established relationship? Then if that friend had handled all you asked of him/her to your total satisfaction and another issue arose which was within the realm of that same friend's expertise, why WOULDN'T you contract that friend for the new issue? Further, the reverse is often the case as well, meaning if you go into the market and find a business to handle some issue your firm is having, you will often become friends with the proprietor of that business etc. The only reason this issue is being rotated and rehashed ad nauseum is because it is the only one that CAN'T be factually disproved outside of a deep and time consuming audit. Most of the "issues" are in the rear viewer mirror becuse IMO, NQ has refuted them with facts. Look there is the cash that we "don't have," look all of our partners are confirming we do business together, look independent reviews of our products with superb results. So the shorts are communing at the last crumbling vestage of a foothold for them? Not surprising at all. I believe Tradestar's research shows that when the company announces the audit is nearly complete and the results are imminent, the shorts will know that is the death knell for their argument and NQ share price will begin to run as people try to position themselves to benefit from the news.

So many of the short arguments remind me of the "logic" employed by JFK conspiracy theorists. If there is a piece of data that can be interpreted any way other than the simple straight forward way, it becomes twisted, manipulated and skewed until the smallest little issue is viewed as evidence that Elvis Presely traveled back in time with a group of time-travelling Kangaroos who are, of course, sentient meddlers in the affairs of man.