Muddy Waters' Carson Block Steps Up Attack on NQ Mobile (NQ)
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NQ Mobile (NQ) Slumps as Piper Jaffray Drops Coverage
November 5, 2013 10:02 AM UTCNQ Mobile (NYSE: NQ) shares are getting slammed Tuesday as lead underwriter Piper Jaffray has suspended coverage on the company.
Piper led NQ Mobile's (formerly known as Netqin Mobile) May 2011 IPO. Co-underwriters were Canaccord Genuity and Oppenheimer.
Prior to suspending... More
UPDATE: NQ Mobile Inc. (NQ) Co-CEO Says Revenue is Real - BTV
November 1, 2013 1:28 PM UTC(Updated - November 1, 2013 1:34 PM EDT)
NQ Mobile Inc.'s (NYSE: NQ) Co-CEO Khan told BTV the company's revenue is real. He said term deposits are validated, and he called accusations laughable. Comments that the company will be desisted are "absurd."... More
NQ Mobile (NQ) Lower Following Comments From Muddy Waters' Block on Bloomberg TV
November 1, 2013 10:33 AM UTCMuddy Waters Carson Block spoke on Bloomberg TV today about NQ Mobile (NYSE: NQ).
Block noted that Muddy Waters caught NQ Mobile in at least two lies: about Xu Rong's involvement and the identification NQ"s of second, third... More
NQ Mobile (NQ) Completes Transfer of Additional $13M to Standard Chartered
November 1, 2013 9:30 AM UTCNQ Mobile Inc. (NYSE: NQ) has completed the transfer of approximately an additional RMB 80 million (approximately USD $13 million) of NQ Mobile's term deposits formerly held at Bank of Jiangsu to the Company's account at Standard Chartered Bank (the "Standard Chartered Account"). Including all... More
NQ Mobile (NQ) Ind. Special Committee Retains Law Firm Connected to Review of Allegations
November 1, 2013 9:19 AM UTCNQ Mobile (NYSE: NQ) announced that the Independent Special Committee of its Board of Directors has retained the global law firm of Shearman & Sterling LLP to advise it in connection with its independent review of the allegations raised in a report issued by a short-seller research company... More
