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IR update 6 Jan 2015
#1

NQ Mobile IR Update

Happy January!

We hope everyone had a safe and wonderful New Year. As we discussed in our recent earnings call, we are truly excited for 2015, as we believe this is going to be a great year for NQ Mobile and a new era for our team and our shareholders.

As this year begins, we'd like to address several topics on which we are receiving frequent questions, as well as provide additional details on the press release issued this morning:

Company Buyback - On December 23, 2014, the Board of Directors authorized the Company to purchase up to $80 million worth of stock over the next 12 months. The Company was in the market buying stock during the recent open trading window and established a 10b5-1 plan prior to the closing of the fourth quarter trading blackout that began on December 31, 2014. The specific details of these purchases and any other future purchases made by the Company will be provided each quarter with the quarterly financial results.

Management Purchases - As disclosed in today's press release, Dr. Vincent Wenyong Shi, the Company's Co-Founder, Chairman and Acting Chief Financial Officer, along with other members of the senior management team, established a 10b5-1 plan to purchase up to $4 million worth of stock on open market transactions. According to this plan, on Monday January 5th, a total of 239,500 shares were purchased at an average price of $4.14 per ADS for a total amount of approximately $991,000. Due to NQ Mobile's status as a foreign private issuer, purchases of shares by its executive officers cannot be filed using Form 4 with the Securities and Exchange Commission ("SEC"Wink. As such, the Company has provided details of the purchases made on Monday January 5, 2015 in the content of the press release. In the future, all future stock purchasing activity made by the management team will be provided each quarter with the quarterly financial results.

FL Mobile Transaction with Tack Fiori - The Company announced a memorandum of understanding (MOU) on December 18, 2014, under which NQ Mobile has proposed to sell FL Mobile to Tack Fiori, which would become the controlling shareholder. You can find the specific details of the proposal in the press release HERE. Ongoing negotiations and discussions are taking place related to the specific terms and other factors that may be part of the overall transaction closing. The Company looks forward to providing more specific details, as well as a more comprehensive explanation around this transaction, as these negotiations and discussions materialize into a formal definitive agreement. The Company will not comment further on this process until definitive terms and all conditions are set forth and final negotiations have been completed.

However, we continue to believe that this transaction will 1) Unlock shareholder value, and 2) help accelerate the commercial growth of FL Mobile.

We noted in our earnings call that moving forward NQ Mobile is going to be focused on action and committed to executing and delivering for our shareholders and customers. These announcements are a part of that, and you'll be hearing more from us in the weeks and months ahead.

Please let us know if you have any questions.

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#2
With the stock under $4 One has to ask:
"If NQ Mobile was a well run company do you think it would be trading below $4?"
I suggest we all e-mail Omar and Vincent and ask this question along with a request for them both to forgo salary and stock based compensation until the stock trades at the $9.80 management turned down as inadequate.
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#3
I agree with Banco. Vincent nor Omar should be taking a salary until the stock recovers and as shareholders we need to express this to NQ.
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