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NQ

NQ Mobile

$1.68

-1.3 (-43.62%)

09:10
02/07/18
02/07
09:10
02/07/18
09:10

NQ Mobile 'aware' of shareholder frustrations, says well positioned for future

NQ Mobile released a letter to shareholders from Dr. Vincent Wenyong Shi, Chairman of the Board, in which he states in part: "The divestment and sales process took much longer than anticipated, for a variety of reasons that were outside of our control. This extended length of time, combined with the adjustments in ultimate divestment and sales path, has led to shareholders' uncertainties and concerns during and subsequent to the completion of the divestment and sales transaction...First, I believe that all material aspects of the FL Mobile divestment and the sale of Beijing Showself's live social video businesses were publicly disclosed, including my participation and role in the purchasing group. Any related party elements pertaining to my involvement in the purchasing group were considered by the Board's independent directors and audit committee, who approved all relevant matters with the support of professional appraiser. Second, Tongfang Investment Fund Series SPC is an independent third party that led the purchasing group, which I joined anew for this specific transaction, to purchase from the Company certain equity interests of FL Mobile and Beijing Showself...While the prolonged process and complications associated with the divestment and sales transaction left undesired uncertainties and frustrations among the shareholders, I believe the outcome will be undeniably positive for our future...As we have completed our divestment and sales transaction, it is important to focus on our new business and we are excited about our future. The management team is moving forward swiftly and expect to commercially launch our smart ride business in the summer. This will include forming more partnerships that will be important to the ecosystem around this unique passenger-centric service. These partnerships will continue to validate the opportunity and we look forward to sharing these with you in the coming weeks and months ahead. I am keenly aware of the past frustrations among shareholders, but want you to know that our plans and goals were specifically initiated to help us be poised for what we are doing right now in our business plans. We must now deliver and execute on these business objectives and earn the confidence of our shareholders again."

TODAY'S FREE FLY STORIES

VYGR

Voyager Therapeutics

$23.66

4.3 (22.21%)

, ABBV

AbbVie

$117.98

-0.62 (-0.52%)

08:05
02/21/18
02/21
08:05
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08:05
Recommendations
Voyager Therapeutics, AbbVie analyst commentary  »

Voyager Therapeutics…

VYGR

Voyager Therapeutics

$23.66

4.3 (22.21%)

ABBV

AbbVie

$117.98

-0.62 (-0.52%)

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  • 08

    Mar

CATS

Catasys

$4.37

0.05 (1.16%)

08:05
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Hot Stocks
Catasys announces launch of enrollment with national health insurer »

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08:05
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General news
Fedspeak resumes after a hiatus: »

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CQH

Cheniere Energy Partners LP

$28.11

0.11 (0.39%)

08:03
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Breaking Hot Stocks news story on Cheniere Energy Partners LP »

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  • 26

    Feb

MTCH

Match Group

$42.10

0.54 (1.30%)

08:03
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Technical Analysis
Technical Take: Match Group slides in early trading, analyst action »

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MO

Altria Group

$64.19

-1.27 (-1.94%)

08:03
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Earnings
Altria Group reaffirms FY18 adjusted EPS view $3.90-$4.03, consensus $4.01 »

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  • 21

    Feb

CQH

Cheniere Energy Partners LP

$28.11

0.11 (0.39%)

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Breaking Earnings news story on Cheniere Energy Partners LP »

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  • 26

    Feb

ABBV

AbbVie

$117.98

-0.62 (-0.52%)

, NBIX

Neurocrine

$84.58

-0.67 (-0.79%)

08:03
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Hot Stocks
AbbVie: Phase 3 ELARIS UF-I study of elagolix met primary endpoint »

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ABBV

AbbVie

$117.98

-0.62 (-0.52%)

NBIX

Neurocrine

$84.58

-0.67 (-0.79%)

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  • 08

    Mar

VG

Vonage

$11.47

0.28 (2.50%)

08:03
02/21/18
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Earnings
Vonage sees 2018 revenue $1.03B-$1.05B, consensus $1.03B »

Sees 2018 Capex of…

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  • 21

    Feb

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    Mar

CQP

Cheniere Energy Partners

$29.65

0.48 (1.65%)

08:02
02/21/18
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Earnings
Breaking Earnings news story on Cheniere Energy Partners »

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  • 26

    Feb

CQP

Cheniere Energy Partners

$29.65

0.48 (1.65%)

08:02
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Earnings
Breaking Earnings news story on Cheniere Energy Partners »

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  • 26

    Feb

VG

Vonage

$11.47

0.28 (2.50%)

08:02
02/21/18
02/21
08:02
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08:02
Earnings
Vonage reports Q4 adjusted EPS 9c, consensus 9c »

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  • 21

    Feb

  • 14

    Mar

PANW

Palo Alto Networks

$162.92

0.84 (0.52%)

08:01
02/21/18
02/21
08:01
02/21/18
08:01
Upgrade
Palo Alto Networks rating change  »

Palo Alto Networks…

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  • 26

    Feb

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  • 04

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    Mar

ANY

Sphere 3D

$2.34

0.0101 (0.43%)

08:00
02/21/18
02/21
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Hot Stocks
Breaking Hot Stocks news story on Sphere 3D »

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08:00
02/21/18
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General news
U.S. chain store sales fell 0.6% to 115.8 in the week ended February 17 »

U.S. chain store sales…

DPZ

Domino's Pizza

$221.49

0.75 (0.34%)

07:59
02/21/18
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Recommendations
Domino's Pizza analyst commentary  »

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  • 25

    Feb

  • 30

    May

IPHI

Inphi

$25.20

0.76 (3.11%)

07:59
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Recommendations
Inphi analyst commentary  »

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  • 26

    Feb

NTDOY

Nintendo

$54.25

0.1 (0.18%)

07:59
02/21/18
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07:59
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Periodicals
Nintendo accused of illegally denying refunds on pre-orders, TechCrunch says »

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SSTI

ShotSpotter

$20.00

0.03 (0.15%)

07:58
02/21/18
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Earnings
ShotSpotter raises FY18 revenue view to $31M-$33M from $30M-$32M »

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  • 11

    Mar

SAFM

Sanderson Farms

$131.44

-1.97 (-1.48%)

07:57
02/21/18
02/21
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07:57
Initiation
Sanderson Farms initiated  »

Sanderson Farms initiated…

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  • 22

    Feb

  • 29

    Mar

UMICY

Umicore

$14.20

-0.48 (-3.27%)

07:57
02/21/18
02/21
07:57
02/21/18
07:57
Conference/Events
Umicore management to meet with JPMorgan »

Meetings to be held in…

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  • 21

    Feb

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    Feb

  • 23

    Feb

SPN

Superior Energy

$9.37

0.46 (5.16%)

07:56
02/21/18
02/21
07:56
02/21/18
07:56
Upgrade
Superior Energy rating change  »

Superior Energy upgraded…

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  • 28

    Feb

SSTI

ShotSpotter

$20.00

0.03 (0.15%)

07:55
02/21/18
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Earnings
ShotSpotter reports Q4 EPS (26c), two estimates (9c) »

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  • 11

    Mar

DIN

DineEquity

$63.44

8.77 (16.04%)

07:55
02/21/18
02/21
07:55
02/21/18
07:55
Conference/Events
DineEquity to host investor day »

Investor Day to be held…

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  • 21

    Feb

  • 26

    Feb

IPXL

Impax

$19.70

0.1 (0.51%)

07:54
02/21/18
02/21
07:54
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07:54
Hot Stocks
Amneal launches memantine hydrochloride extended-release capsules »

Amneal Pharmaceuticals…

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  • 01

    Mar

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