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  "docSlug": "dbe8cd7c1d0d",
  "documentTitle": "NQ Mobile (NQ)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2013-10-29 00:00:00",
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  "notes": "The slide functions as a forensic analysis of corporate deception, specifically targeting 'Lie #2' regarding contact information and related party disclosures.",
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      "kind": "callout",
      "text": "Lie #2: YDT's provision of NQ's contact information to China Mobile does not mean NQ and YDT are the same company.",
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      "text": "NQ was extremely sloppy in concealing that YDT is actually NQ.",
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      "text": "The MW report provides examples of NQ's contact information being provided in place of, not in addition to Yidatong's.",
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      "text": "Matt Mathison on conference call: 'One factor of the business that the report shows clear lack of knowledge about is related to the relationships between the content partner and service provider.'",
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      "text": "NQ was completely unrepentant about being caught in its prior lie – even when two investors asked for explanations on the call. No explanation was given. Note that there is another lie nested in Matt Mathison's response on the call",
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      "text": "“One factor of the business that the report shows clear lack of knowledge about is related to the relationships between the content partner and service provider. NQ has a very deep and good relationship with Shenzhen and Shanghai carriers. As one of the biggest content partners for Yidatong as clearly disclosed, NQ is required to be notified when there are customer complaints. In order to better facilitate customer support via those channels we leave our contact information with the carriers, in addition to Yidatong.” — Matt Mathison",
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