Carson Block vs NQ Mobile – Live on TV!

Not sure if you caught this amazing exchange but short-seller and fraud uncoverer Carson Block of Muddy Waters released a report this week calling NQ Mobile, a Chinese mobile carrier company, of being a “massive fraud” with 70% of the company’s revenue being “fictitious.”  He went on Bloomberg TV to explain his research as the stock plummeted from 23 to as a low as 8 at one point during the day.

This was followed by a call-in from the CEO of NQ Mobile who called Block’s allegations “nonsense” and refuted them point by point.

Who’s right? Let’s watch both appearances and chew on that question…

Carson Block:

Omar Khan, CEO of NQ Mobile:

Source:

Bloomberg TV