http://www.businessinsider.sg/nq-mobile-co-ceo-omar-kahn-steps-down-2015-4/#.VTc6ZCGqpBc
Carson Block sounds like he’s having a great day since the co-CEO of one of his short targets stepped down
JULIA LA ROCHE FINANCE APR. 21, 2015, 10:48 PM
Influential short-seller Carson Block, the founder of Muddy Waters Research, seems pleased this morning. That’s because NQ Mobile’s co-CEO, Omar Khan, just stepped down from his role at the Chinese telecom company that Block has publicly called a “massive fraud.” The company said Khan will remain in an advisory role through December 31, 2015.
“We wish all the best to Omar Khan in his new endeavors, which will doubtless provide fewer opportunities for self-humiliation,”Block’s Muddy Waters Research Tweeted.
In October 2013, Block published a damning research report accusing the company of having “fictitious” revenues and customers that don’t really exist. Continue reading →