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  "docSlug": "1f82501868f5",
  "documentTitle": "NQ Mobile (NQ)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2013-11-12 00:00:00",
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  "notes": "The slide includes a map of China highlighting Henan and Hunan provinces, though the text focuses on NQ's corporate history and association with Anthony Sasso.",
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      "kind": "callout",
      "text": "NQ has always been a bit player in mobile security with a tiny amount of real revenue.",
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      "text": "Map of China with Henan and Hunan highlighted",
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      "text": "NQ has always been a bit player in mobile security with a tiny amount of real revenue. When NQ first became involved with the convicted racketeer, Anthony Sasso, in 2009 (two years before NQ's IPO), there is no reason that any people or companies in the US mobile industry would have taken NQ seriously. Moreover, as a fraud in the making, it is not surprising that NQ would be dealing with convicted criminals and penny stock companies.",
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      "text": "Anthony Sasso was convicted of racketeering for his role in a nationwide multi-million dollar car theft and VIN cloning ring. Police broke up the ring in 2005. Mr. Sasso was therefore a curious choice to incorporate Netqin Holdings, Inc. in Florida in May 2010 – only one year before NQ's IPO.",
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      "text": "Mr. Khan's stock package was worth close to $100 million at the time we published our initial report. We otherwise remain puzzled as to why Mr. Khan would continue to insist NQ is not a fraud at the same time he demonstrates he has no command of NQ's inner workings.",
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      "kind": "title",
      "text": "Before Omar was Conned: Anthony Sasso and the Penny Stock",
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