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  "docSlug": "69cc18cfe079",
  "documentTitle": "NQ Mobile (NQ)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2013-10-24 00:00:00",
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  "notes": "The slide provides raw financial data to support a claim that YDT is a 'ghost company' and that NQ's reported accounts receivable from YDT are inconsistent with YDT's reported payables.",
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      "text": "YDT is a ghost company (because it is really NQ). We tried extremely hard to find its operations, but were unsuccessful, despite visiting ten different office addresses throughout China.",
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      "text": "YDT's balance sheet below shows total payables that are a fraction of what NQ claims its AR from YDT were at the end of 2012. NQ purports that its AR from YDT was $9.3 million.",
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      "text": "YDT is a ghost company (because it is really NQ). We tried extremely hard to find its operations, but were unsuccessful, despite visiting ten different office addresses throughout China. We obtained these addresses from YDT's SAIC filings, its website, NQ's SEC filings, and other sources. Five of the addresses were ghost addresses – i.e., it would have been",
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