NQ Responds To Muddy Waters Fraud Allegations With Paperweighty 97-Page Presentation

If the investing school of “Ackman-Tilson” is correct, in which nobody actually cares about the content, just the number of pages in a given “investing presentation” slideshow, then recently troubled Chinese mobile internet provider NQ just got the upper hand over Muddy Waters. Recall that on Thursday, with a “Strong Sell” report bashing NQ alleging the company is a fraud, Muddy Waters managed to cut the price of the company in question by over 50%. The size of that presentation: 81 pages. Moments ago NQ came out with its point by point rebuttal to Muddy Waters. The size of NQ’s presentation: a whopping 97 pages.  Game, set, match to NQ, duh.

P.S. For those confused, the above statement is sarcasm, wrapped in a farce, inside an absurdity. Just like this here “Bernanke market.”


via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/i4CrkdBGgA8/story01.htm Tyler Durden

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