Net Qin Wednesday opened in 10.24 U.S. dollars, Rose 34.21%

In response to the findings of the Independent Special Commission (NYSE:NQ) released today, Muddy Waters, a short agency, responded that the NetQin was a liar and his press release was just to cover up its fraud.

Muddy Water founder Carlsen Block (Carson block) said: "NetQin is a true liar." The NetQin press release is just the latest in a number of other Chinese companies that have deceived American investors to try to disguise their fraud, written by Chinese executives who are not responsible to the US authorities. ”

Muddy Waters released last October 24 reported that the NetQin in its market share, product safety, balance sheet, business acquisition and other aspects of fraud or fabricated behavior. Earlier today, the Network Qin announced the findings of the investigation, saying that there is no muddy water allegations of fraud. There is no evidence that NetQin's revenue and cash volumes do not match the earnings figures.

Affected by the news, the Net Qin Wednesday opened in 10.24 U.S. dollars, Rose 34.21%.