NQ Mobile vs. Muddy Waters: The Battle Is Just Starting [ANALYSIS]

Muddy Waters and NQ Mobile Inc (NASDAQ:NQ) have been involved in a back-and-forth scuffle which is becoming more interesting by the day. Carson Block, founder of the research firm, broke the relative calm of the last few days dropping the bombshell on Friday that NQ Mobile will be delisted within a year, sounding very confident. While speaking with Stepahnie Ruhle on Bloomberg TV, he said that he had no doubts about what they had said before - NQ Mobile cannot run a sham for long and asserted that 90% of the company's revenues are fake.

With each day, more firms and experts are siding with one party...