Carson Block on Bloomberg

[js253]

http://www.valuewalk.com/2014/05/block-n...ranscript/

Pretty comprehensive synopsis on today's appearance. For the first time in my memory, BBG actually asked CB about his past calls, see for yourself.

It is quite clear that in general Carson Block is just blatantly promoting capital market version of xenophobia/racism, BBG eating it all up.

[maplell2002]

1. NQ's 4/30 press release was authorized by the IA and their auditor. CB has no reason to question the trueness of PR. At least we know when they said 'no fraud found thus far', no one objected.

2. PwC has been NQ's auditor for years. Fraud or not, they should know best. From MW's attack to 4/30, they had spent over half year on this and didn't find anything, no resignation, what does it tell us?

[cliu89]

I can not believe the Carson said that NQ has only 200k users. He is flatly lying!

[js253]

Unfortunately, the truth doesn't always prevail. The stock market is first and foremost a perception/confidence game. NQ's mgmt. maybe great business executives, but have so far proven over matched in the market battle: from the botched ER date, to the now twice delayed 20F/IA, I bet even Block was shocked how one sided this turning out to be, NQ is practically doing his job for him.

[admin]

["Unfortunately, the truth doesn't always prevail."]

It will, in the end..

[js253]

["Unfortunately, the truth doesn't always prevail."] It will, in the end..

While that maybe true, for many it's already too late.

[Haggerston]

Block just makes me sick in this latest interview. He's practically getting away with murder...so many shareholder lives have been ruined.