NQ Mobile (NQ) Sinks 32 Percent as Audit Panel Heads Resigns

NQ Mobile Sinks 32 Percent as Audit Panel Heads Resigns

By: Belinda Cao

Source: Bloomberg

“Her resignation tells me there was probably disagreement and possibly bad blood between the board and the auditors,” Vijay Marolia, chief investment officer at Regal Point Capital Management, a short seller, said in an e-mailed comment. “I believe PwC smells something fishy. At the very least, they’re making sure all the bases are covered.”

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