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  "docSlug": "cf5db6db40c9",
  "documentTitle": "NQ Mobile (NQ)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2014-07-06 00:00:00",
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  "slideType": "expose_contradiction",
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  "density": "dense",
  "nDataPoints": 15,
  "notes": "The slide uses a specific trading window (June 25-27) to highlight suspicious volume and price drops as evidence of insider trading.",
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  "slideHref": "/slides/019dd923-622c-750b-8b96-4a53a482dbdd/2",
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  "components": [
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      "kind": "callout",
      "text": "By delaying releasing this information, we believe NQ China side insiders were able to dump significant amounts of stock before NQ made the announcement.",
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      "text": "NQ deliberately held back both admissions so that NQ China insiders and their proxies could illegally dump more shares at existing shareholders' expense, and NQ is again misrepresenting the true state of its audit and relationship with PwC Zhongtian.",
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      "text": "trading volume: 15,312,900",
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      "kind": "paragraph",
      "text": "NQ's July 3rd announcement vindicates short sellers, but was likely delayed in order to give China side insiders a chance to illegally dump stock.",
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      "kind": "paragraph",
      "text": "We believe that by June 25th a) Ms. Han had already informed NQ she was resigning, and b) NQ had accepted that PwC will never issue an unqualified audit opinion. In delaying the day of reckoning by at least a week, NQ likely provided an opportunity for insiders to dump shares.",
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      "kind": "source-note",
      "text": "90-day average.",
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      "kind": "table",
      "text": "Date, Close, Volume table for June 23-27, 2014",
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      "kind": "title",
      "text": "NQ: Oops",
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