NQ Mobile Inc (ADR) (NYSE:NQ)’s largest purported source of revenue, Yidatong (“YDT”), is controlled by NQ, and its primary purpose is facilitating NQ’s fraud.
Believing NQ Mobile Inc (ADR) (NYSE:NQ)’s narrative of YDT — that YDT is an independent company annually facilitating billing of approximately $35 million for a variety of developers — at this point requires investors to suspend reason. If the following does not convince an investor that NQ’s YDT narrative is fabricated, then the investor is either too emotionally invested in the stock, or is gullible enough to still believe in Santa Claus.
