NQ Mobile updates independent investigation of short-seller allegations NQ Mobile provided a status report on the independent investigation into the allegations about NQ made last October by short seller Muddy Waters. The appointed Investigation Team has conducted a far-ranging investigation of NQ's business activities to examine the allegations made in Muddy Waters' October 24, 2013 report. The investigation is nearly complete. The Investigation Team has thus far found no evidence that the company engaged in the alleged fraudulent conduct. The company intends to report the final results of the investigation in connection with the filing of the company's annual report on Form 20-F. The company expects to file its annual report as soon as practicable following the conclusion of the investigation and the completion of the review of its financial statements by its independent auditor. Because that work is not complete, the company will extend by 15 days the date for filing its report on Form 20-F. The company continues to believe that the allegations by Muddy Waters lack merit, and the company therefore does not anticipate any changes to its previously reported financial results.
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