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Is CCME still in business. Not that it matters anymore just curious.
Chesterfield...I think the chances are good. the question is how much?
The following from YMB...
On February 28, 2013, in the class action filed in New York, the District Court issued a 73 page decision in which the court denied motions to dismiss by China Mediaexpress and Deloitte Touche Tomatsu (the Hong Kong entity), allowing the suit to proceed against them. The court granted motions to dismiss by Deloitte LLP (the U.S. entity), Deloitte Touche Tomatsu Limited (a U.K. entity), and A.J. Robbins (a Colorado based auditor), effectively ending the suit against these entities (subject to appeal).
Jackie Chan Calls America 'Most Corrupt Country In The World'...
Yeah...Jackie..if only all American companies could operate their business like CCME...
Some advice Jackie...see a head doctor...I think you took too many shots to the head over the years..
http://www.dailymail.co.uk/news/article-2261567/Jackie-Chan-calls-America-corrupt-country-world.html?ito=feeds-newsxml
Ecomike...Does this mean there's a small hope for investors to recoup some of their investment
Jtechkid...Did you find any additional info regarding the lawsuit...
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...
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
Whatever happened to Jtechkid???
Is CCME pulling a Lazarus?
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.
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....
The following was posted on YMB...for whatever its worth...
YAHOO's listing CCME without the PK designation means CCME beat the audits and came out with the dividend and repurchase with uplisting back on NASDAQ. The CCME.tv website has a statement that they are audited by a Big 4 Accountant. I guess this means CCME is legitimate too. ZhengChengLam, did they have it right all along? Why else would Yahoo Finance have CCME listed as .pk then not .pk? What stock leaves the pinks on YHOO listings then stays at 2 cents?
Eberndofer...I don't understand why would anyone want to buy shares if the company is basically dead...is there something that im not seeing...
Does anyone out there know if CCME is still operating.
Jtechkid,
Do you think the Chinese government will step in and crack down on CCME or could they care less...
I have a funny feeling that Capitalismforever and ValueInvestorToday are one and the same...
It need to go up another 4200% and I'll break even...Go Baby Go!!!...
Is there anyone located in China that can verify that CCME still has some sort of business going on.
Jtechkid,
Do you know if CCME is still advertising on buses or have they completely shut down their operation if they really did have some sort of business.
Is there any brokers located in the USA that will allow me me to purchase CCME stock.
Post on YMB that CCME doesn't have a website anymore----is this true...If so I guess it's really the final nail in the coffin..:o(
Jtechkid
please don't say ---- "its not worth 10$".....Ouch!
Poor Valueinvestortoday ...he must have no friends to be so hard up that he has to keep breaking his promise of never posting here again....Happy New Year....You poor Baby!!!
Eberndorfer...
Thanks... Merry Xmass and a healthy New Year to you and your family...
Jtechkid,
I don't want to be delusional here...but do you see any positive signs that there's still some glimmer of hope left for investors...Xmass is just around the corner and I don't want to be in a Bah Humbug mood... Thanks
Ecomike,
I have alot invested in CCME and believe me I hope your right....however regarding insider buying.. that could have been nothing more than just to sucker in more investors...
Calm down UpstateChris....Remember its a wonderful life...Im sure some angel will come to the rescue...:o)
Eberndofer....So if I understand you correctly....There's still hope that we might recoup some or all of our investment.
Any news regarding the deadline for STAAR to respond back by NOV 29th.
Hey ValueInvestorToday...If I recall correctly you promised not to post here anymore..What happened...Did you take lessons from CCME that you bash for not telling the truth...hmmmm
Well we hit .01 cent today...Yippee... I can cash in and finally retire...
Jtechkid....Thanks for the update....
Jtechkid...
Do you have any news on CCME?
The following was posted on YMB...Can anyone provide an answer..
"Ok I got bunch of CCME shares sitting in my brokage account. It's almost year end so I want to sell them to offset my capital gains, but I get "There is a trade restriction on this symbol." It seems trading is not allow anymore.
So what happens now? When will I be able to write this off as capital loss? Thanks"
Hey Jtechkid..
I hope that same release comes out for CCME...keeping my fingers crossed..
The following was posted on YMB...
Ok, just spoke with Lead Counsel
There is not much new information to report on but
today they are filing an amended complaint against ccme and dtt.
In the words of the law firm... we would not be pursuing this case if we did not think we would be able to win damages back for the shareholders.
Reassuring... but vague in what/when we can expect things to happen.
Jtechkid..
If miraculously CCME ever rallied to $60...Id buy you a cruise ticket to anywhere in the world you wanted to go...:o)
Jtechkid..
What do you think the probabilties are that CCME will go private and leave us investors holding the bag..
Starr case update...The following was posted on YMB...
Full docket text:
SO ORDERED, re [75] STIPULATION TO EXTEND TIME to Respond to Motion to Stay Discovery to November 14, 2011 filed by Starr Investments Cayman II Inc., Set Briefing Schedule: re[56] MOTION to Stay Discovery in State Court Actions. (Answering Brief due 11/14/2011., Reply Brief due 11/29/2011.). Signed by Judge Sue L. Robinson on 10/13/2011.