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Where's the staar lawsuit?
It got delayed2x- their were a ton of good information from that lawsuit.
Some very positive and some very negative. At least with that i thought you would get answers and a final outcome.
Did staar settle secretly with CCME in China? Got their money back while everybody lose here? I emailed Staar and never got answer.
Chinese boycott and stange events:
1, the market has already boycotted the Chinese market-Theirs been 1 ipo in 2 years in this market. Also, the spread of S&P verse China( big cap stocks in China) is almost 90% and small caps is probably 200%. Chinese ecomomy is struggling and their bid to get cheap money for innovations for small companies have dried up. Every Chinese related in USA is out of business or close- see Rodman- SEC is going after all the stock promoters- I think the big negative is you simply want the truth, transparancy, and accountability with CCME and others. Simply going dark with no answers is the worst?
1, Wheres the staar lawsuit? Linn brothers sold them stock that alone is easy securities fraud. Linn brothers trade in Hong Kong so whats going on there?
2, THe WSJ had article saying CCME spokesmans said all the chargese would be proven false or nothing material when Piper was done? Who is that spokesman-Securities fraud
3, Need to subpoena Global Hunter because they said they had huge list of clients they talked too which is normal due diligence?
4, Staar said they hired DTT advisory to perform 3 months of due diligence before investments- Securities fraud- Huge paper trail of due diligence that for lawyers looks like easy prosecution.
5, What did dorothy dong know or marco kung?
Eco- CCME has been on the pinks since I don't know when- seems like forever.
It is not unusual when trading is halted to see a delay of trading resumption on pinks sheets or the grey market.
That's what "Registration Revoked by SEC" will do to you.
And that's why I posted the fat lady singing...although I think this was a prelim. revocation, not the final one...not that anything will change.
This company made fortunes for some, and lost fortunes for others. I was fortunate to get out when the shorts first began attacking. Hindsight being 20/20 I would have also shorted the hell out of it and made a bundle- but I didn't feel like I was smart enough to figure out who was telling the truth and just stayed away from it.
Based on all the information on this site and a few other resources, given that I do not speak nor read Chinese, the best I can tell is that CCME was a going entity but was not turning any profit - instead was the money laundering entity for the Lin brothers. I may be way off base here though, it is just what I believe to be the case.
Doesn't look like it's trading anymore. I think I was right when I said it will stop trading alltogether.
I think it will just move to pink sheets and keep trading, like the others
I would really love to talk with this Global Hunter lady for once. I would be so interested what's going on behind the curtain in this whole story. Did she really lie that big and clear in her DD report which were given out to their clients? Seems almost impossible but then again people probably do anything for money.
I still wonder what was going on with that analyst from Global Hunter. She seemed to be able to get closer than anyone we know to CCME's contracts, operations, etc. Even that GEOinvest group seemed to confirm that there was a real business there, albeit they thought it was exaggerated.
Let's also keep in mind that regardless of who at CCME was behind the scam, certain individuals on this side of the pond greatly contributed to it's success. Even after they were halted I received several PM's about how there was first hand knowledge that PWC was in there, etc. etc. and that any day they fully expected to be vindicated. I for one did not buy based on what CCME said - I bought based on the interpretations and recommendations of others after reading what I believed to be sincere DD. I was wrong.
Before doing that to innocent Chinese individuals, I would try to figure out what Chinese authorities and their media over the years have told them about 'rotten' Western capitalism. I assume it was the same what Western authorities and their media still tell us today about'rotten' Chinese communism. By the way, I strongly believe the originator of the CCME scam (if it is one) was an American with dual citizenship.
Crooks come in all shapes and nationality. Remember the Nigerians, Maddoff, Congress, etc.
I know I shouldn't feel this way ....but after being severely burned by this Scam...every time I see a Chinese individual...I feel a deep resentment...
I have no idea what will happen next. Maybe CCME will register again one day or it continues trading somewhere, or it is dead. I expect the worst, with everything lost. Who knows better?
Linn brothers have a publicly held company in Hong Kong-Wuyi Pharma(google it and get number and email)I have called them and emailed with no response but at least lawyers have assets to go after in Hong Kong
the strange part is what happened to the staar lawsuit? Did staar drop and get side money from them? Why would staar just walk away?
Also, if you read the SEC filing CCME lawyers were talking to SEC lawyers and denying all claims up to just recently- at least ccme had USA lawyers talking to them. The lawyers also stating they were still investigating the case-
Now, I hope SEC at least formally charge everybody involved which would have problems for Linn brothers other publicly held stock.
I already emailed the Hong Kong exchange about investigating Linn brothers or delisting them.
Well I hope that some of the CCME longs can get something back on this sad story.
No paperwork in the mail yet.
You may be right about the percentage of funds returned. That legal firm seems to have done pretty well for shareholders in the past, as i recall. Whether it will work with a co. in China is the Q.
Value1008, just curious, have you received any paperwork in the mail regarding the class-action lawsuit?
By the way, I think you're over-estimating the possibility of shareholders getting back 10-20% of their funds. Unfortunately, it will be a lot less than 10-20%.
Best hope is that the class-action lawsuit can get back 10-20% of our funds. At this point, I'd be content with that. If you held shares during the period in question (early 2011) you're automatically a member of that class.
The stock is trading on the grey sheets for about 18 months or so already.
I just read the last bit of news finally (Fidelity Link below), and I did not see a trading ban, just registration loss. I would think this just goes to pink sheets or grey sheets soon and trades again. But I am not a legal expert on this.
http://xml.10kwizard.com/cgi/image?g=&quest=1&rid=23&ipage=8444425&doc=1
I think it will just move to pink sheets and keep trading, like the others.
I'm under the impression that they will suspend the stock from trading with this revoke of their registration. Don't you think so?
What makes you think it will stop trading?
Best hope is that the class-action lawsuit can get back 10-20% of our funds. At this point, I'd be content with that. If you held shares during the period in question (early 2011) you're automatically a member of that class.
Game over, you can't trade the stock anymore. It will disappear.
So; "That's all folks?"
Where does this leave us?
Here's the detailed filing from SEC
http://xml.10kwizard.com/cgi/image?g=&quest=1&rid=23&ipage=8444425&doc=1
According to OTC CCME has been revoked by the SEC:
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/28/2012&mkt_ctg=NON-OTCBB
Somebody is just being sarcastic about them outfitting buses in India
Jtechkid...Do you know if CCME still has an operating business...the following was posted on YMB I'm sure its probably "BS"....
Now outfitting buses in India. 150,000 so far. 200,000 by next week. Selling Apple products on buses also
ZERO info on anything
Zero info on Staar lawsuit?
"It means the Admin Law Judge intends to revoke China MediaExpress's stock registration but will give the company one last opportunity to comply with every direction as outlined in the Admin Proceeding and Litigation."
How many "last" chances CCME already had to ignore for obvious reasons?
It means the Admin Law Judge intends to revoke China MediaExpress's stock registration but will give the company one last opportunity to comply with every direction as outlined in the Admin Proceeding and Litigation.
Can anyone explain what this means for the stock?
Thanks!
Whatever happened to Jtechkid???
SEC Admin Law Judge Initial Decision to revoke CCME's Registration:
http://www.sec.gov/alj/aljdec/2012/id464bpm.pdf
Update following posted on YMB...
CCME not delisted means something is there
I would not invest in CCME or speculate on CCME even at 2 cents. But the odd fact CCME has not been fully removed from ever trading by the SEC means there's potentially something valid about this company as a security. Someone is paying for that ccme.tv to continue lying to people about its activities. That someone or another may even now be getting money from CCME which may get money from its lone contract with, rumour, China Unicom. Many of those ads played on buses were likely conjured relationships, but what about China Unicom. some of the relationships may well have been valid and may even now be valid. No one can say for sure these ads no longer play on buses. I bet WCTBILLS (where did he go) would even say they still play on some buses.
Now outfitting buses in India. 150,000 so far. 200,000 by next week. Selling Apple products on buses also.
Can you share please what is that suit about?
Thanks
If anyone is interested the following was posted on YMB regarding the status of the CCME suit...
this is from the attorney at haggans berman
on june 11, 2012
"We are in a similar situation. We have filed our brief opposing the various motions to dismiss(from dtt), and are awaiting a ruling from the Court. I have no idea when the ruling will come down."
so it will be a matter of time....
Yea, I am dummy AND broke (by investing in CCME, of course.). LOL
Hope that I have shorted this fraud. Unfortunately, I did not. It is against my policy to not short any stocks.
I'm actually surprised that the stock is still trading since the SEC had come out months ago with the potential delisting news if the company doesn't come through with anything. So far no news from the company but also no delisting. Interesting.
Thanks, as this is news to me!
That's rather easy to answer. Your money has partly gone to the CEO and partly to shorts.
But I would like to hear the full story of how I got robber specifically who got away with my hard earned cash?
May be will see something after the June 14 case response deadline that either STAAR or CCME has.
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