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.
Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More
Muddy Waters On NQ Mobile