Link to Muddy Waters report
available via Zero Hedge
Also there have been other reports about NQ in recent days/months:
"It is our belief that at least 15-25% of $NQ business is overstated. We also believe their reported cash + term deposits are not reliable."
"It is our belief that the recent convertible issuance was motivated by a desire to conceal the fact $NQ has little to no real cash."
"MW beat us to the punch. We believe at least 15-25% of $NQ business is overstated. So many signs."
wtf is up with Nasdaq ? Stock is halted since 2 pm yesterday. This is a complete joke! Are they waiting for the Chinese to come out and say something ? (looks like shareholders will need Confucius patience) Sorry that's terrible. I watched the halts yesterday and when it bottomed at 8.45 and went to 11 I thought maybe going long was a good idea. Then I thought to myself no don't play with this sh*t. I can't imagine which state I would be in now if I were long !!!:eek: Why did Nasdaq halt indefinitely. What are the rules on Nasdaq for halts ? The final halt came unexpected to me as I thought the volatility halts meant no total halt.