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CCCL - dropping a bit with higher volume.
-Andrew
CCCL - IHub lists the PE at exactly 2 just a moment ago.
-Andrew
Yes, just trying to explain volume today. I suppose it could be as simple as selling on a news item consisting of details already known.
CCCL New filing: http://ih.advfn.com/p.php?pid=nmona&article=47632358 (6-K filed as Form 20-F).
CCCL still dropping a bit. Any thoughts on when to get more or to just hold off until weeks before next earnings?
-Andrew
CBBD - You On Demand (formerly China Broadband). Company is intending to be a premium content provider in China i.e. pay per view TV and programming to venues like restaurants. So I'm considering whether I'm understanding the action in the last week. Hours before then unannounced S-1/A yesterday, I sold everything based on the up trend without news (amounted to a coincidence). The company basically announced selling by its insider shareholders of just under 10% (9.94%) of their shares. Cash only goes to shareholders, not to the company. This is not a secondary. Should this not be one of those cynical and/or contrarian scenarios where the company does stuff to drive the shares up only to then facilitate officers to functionally sell this portion of their shares without letting the price drop.
There's a 200:1 RS anytime in the next year and a half holding this thing down to a target in the 4 dollar post split range if they intend to uplist. If they did the RS, the studies I saw suggest a likely drop. I've classified this as a special situation because of US management and investment by a McMahon. Maybe he made a mistake. Given the reverse split, I've viewed this by its post split valuation, not as a penny, and appreciate indulgence in this regard. Even CCME does not have even one US based employee, let alone one US officer or CEO.
Even the auditors cast fundamental doubts:
"Our auditors have expressed substantial doubt in their report on our financial statements about our ability to continue as a going concern."
"Our auditors have included an explanatory paragraph in their report dated as of April 15, 2011 on our consolidated financial statements for the year ended December 31, 2010, indicating that there is substantial doubt regarding our ability to continue as a going concern. The financial statements included elsewhere in this prospectus do not include any adjustments to asset values or recorded liability amounts that might be necessary in the event we are unable to continue as a going concern. If we are in fact unable to continue as a going concern, our shareholders may lose their entire investment in our Company. We will therefore need immediate additional substantial capital in order to continue to operate."
Am I missing something here? Why has this not dropped like a stone today? All thoughts welcome.
-Andrew
CBBD - You On Demand (formerly China Broadband). Company is intending to be a premium content provider in China i.e. pay per view TV and programming to venues like restaurants. So I'm considering whether I'm understanding the action in the last week. Hours before then unannounced S-1/A yesterday, I sold everything based on the up trend without news (amounted to a coincidence). The company basically announced selling by its insider shareholders of just under 10% (9.94%) of their shares. Cash only goes to shareholders, not to the company. This is not a secondary. Should this not be one of those cynical and/or contrarian scenarios where the company does stuff to drive the shares up only to then facilitate officers to functionally sell this portion of their shares without letting the price drop.
There's a 200:1 RS anytime in the next year and a half holding this thing down to a target in the 4 dollar post split range if they intend to uplist. If they did the RS, the studies I saw suggest a likely drop. I've classified this as a special situation because of US management and investment by a McMahon. Maybe he made a mistake. Given the reverse split, I've viewed this by its post split valuation, not as a penny, and appreciate indulgence in this regard. Even CCME does not have even one US based employee, let alone one US officer or CEO.
Even the auditors cast fundamental doubts:
"Our auditors have expressed substantial doubt in their report on our financial statements about our ability to continue as a going concern."
"Our auditors have included an explanatory paragraph in their report dated as of April 15, 2011 on our consolidated financial statements for the year ended December 31, 2010, indicating that there is substantial doubt regarding our ability to continue as a going concern. The financial statements included elsewhere in this prospectus do not include any adjustments to asset values or recorded liability amounts that might be necessary in the event we are unable to continue as a going concern. If we are in fact unable to continue as a going concern, our shareholders may lose their entire investment in our Company. We will therefore need immediate additional substantial capital in order to continue to operate."
Am I missing something here? Why has this not dropped like a stone today? All thoughts welcome.
-Andrew
Day 50 on Reg SHO. CCME now is on the list the 4th longest of all stocks still listed there.
The Independent Directors (2) could have outvoted the CEO Director Cheng Zheng (1). Odds are there was some cooperation. The Directors and Officers insurance provider may also have helped them pick. Like everything else in this stock, we just don't know. Which is why CCME is fascinating.
See: http://www.ccme.tv/eng/ir/governance.php for list of the total of 3 Directors.
-Andrew
Thanks for visiting. CCME again among the most read boards so far today. Every little detail brings investors back here to lurk. Today it's probably the short interest anomaly while there's a lot of folks, some long, some short, some sidelines, some in the legal profession, all now still trying to make heads or tails of CCME.
-Andrew
Nick, yes, that explains the loss of half the iBox. (we were using graphics from their website).
Any new job listings listed since the last set mentioned here?
CBBD - Filed Form S-1/A. Insiders selling about 10% of total shares. http://ih.advfn.com/p.php?pid=nmona&article=47613686#FORMS-1A_HTM_SELLINGSTOCKHOLDERS I sold a few hours before this announcement. Presumably they have an interest in somehow driving the price up to sell. How this plays out will be interesting.
-Andrew
CCME - If we ever get to a conference call (what a thrill to even entertain the idea), I'd want to ask (among 100 other questions) the extent of the CFO obligations, oversight, and bank account access rights. This question ought to be asked in detail of all companies in the sector. Has anyone seen this asked in a conference call since the Street article came out. I'd like the SEC to require all CFO positions defined relative to restricted or unfettered bank information access.
Reference: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61813549
-Andrew
If we ever get to a conference call and If I were ever blessed to ask a question, I might well ask the extent of the CFO obligations, oversight, and bank account access rights. This question ought to be asked in detail of all companies in the sector.
Thank you for indicating a benefit of the China Stocks Board, that there is no limitation of prerequisite to post. This was just brought to my attention yesterday.
I like both boards.
-Andrew
They used the word "ridiculous"?
-Andrew
RT:
Forgive me, other than your account number, what else did you edit in the paragraph IB provided?
-Andrew
I can see a professional doing exactly what WCTBILLS described with contingency on outcome of the investigation. We'll know soon enough.
Nothing much positive or negative for shareholders comes from hiring the CFO if CCME is not trading. That is, unless CCME actually needs a CFO to do some kind of internal paperwork or to serve in some actual company capacity fulfilling a neccesary function within the company. We'll know what the deal with the purportedly hired CFO if CCME stays on NASDAQ before trading begins.
-Andrew
CCCL: Short interest as of 4/29/11-- a mere 37,021
Average daily volume: 83,734 days to cover is less than 1.000000
Source: http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=CCCL&symbol=CCME&selected=CCCL
-Andrew
Short interest as of 4/29/11-- a mere 37,021
Average daily volume: 83,734 days to cover is less than 1.000000
Source: http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=CCCL&symbol=CCME&selected=CCCL
Even though in the China space, this tends to suggest CCCL is safe from short attacks.
Short interest as of 4/29/2011 10,826,580
Source: http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=CCME&selected=CCME
Added to iBox. (BTW, I like to think the CCME ibox is about as good an iBox as any on iHub)... :)
-Andrew
CCME - re: Fidelity setting price at 0 -- From YMB alias Xaubugged --40 Day Rule - Reason CCME set to zero in brokerage accounts 35 minutes ago
" I spoke to Fidelity today and learned that brokers automatically reset the value of any security that hasn't traded in 40 days to zero. They have no information regarding CCME's status with Nasdaq or if and when the stock might start trading on pink sheets."
Source: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=te&bn=101061&tid=109998&mid=109998&tof=2&frt=1#109998
-Andrew
CCME - TF: You better believe posters with a scintilla of positive information can go from villain to face and back again at the drop of a fact like characters on a male soap opera. In the end the question I'd like to ask is whether the press will vilify the hitpiece publishers if their reports prove not only filled with fabrications but also just plain wrong.
-Andrew
The whole question is premised on a riddled conflicted definition of CFO. Apparently the CFO of a company in China may well not even have access to bank records in the first place. This purported candidate has, I guess, tentatively accepted pending outcome of the DLA/PWC investigation. That does not sound like a candidate who accepted shares following his own investigation of anything all too deep. This candidate will go off of what "independent" third parties find.
If all goes well, then yeah, shares might be something any officer accepts. For the 81K/year Jacky received, what's the big deal about needing to pay in shares though? The company has $200,000,000, right? ;)
See: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61813549 for above reference and a thread discussing CFO bank information access.
-Andrew
I'd like to know the purported salary even if we can't get a name or background information. Also would like to know if the new CFO reads, speaks, and communicates fluidly in English, has an MBA, or has ever worked as an officer of a public company.
-Andrew
CCME - WCTBILLS tidbit on new CFO http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62950106
CCME - WCTBILLS tidbit on new CFO: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62950106
CCCL - Roth Capital likes the report. Increased FY11 revenue and EPS estimates today, kept Buy rating and $16 target price. Also increased FY12 revenue estimates, but decreased 2012 EPS target on lower margins due to higher input cost.
Source: Rames http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62946348
CBBD - sold today.
CCCL- Held on after earnings.
All thoughts welcome on either.
CCCL - I have held on after earnings. Any thoughts on the tile floor at which to buy more? I'll wait a while, just not in denial. (~~sic)
-Andrew
Sold my position today above 8. Had gotten in at 4 cents. It's hard to be greedy on a gain over 100% in less than 6 months. Wish we'd get some indication of company intentions on the Reverse Split timing, as well as indications of company plans.
I expect to buy CBBD shares again and fully intend to stay on as the Moderator even though I am not a present shareholder.
-Andrew
I encourage posting on either or both China medley boards. Thank you.
-Andrew
Could someone please post the one liner response from the CEO to the shareholder letter? Thanks.
-Andrew
CBBD - Unable to explain the increase, other than press that lacks specifics or perhaps momentum, I've sold my tiny position today for a 112.5% gain since December. Had to wait months between peaks. The pressure downward is because of the anticipated reverse split that has no date certain. Some generally perceive the RS will cause a price drop thereafter. The purpose is uplisting. When CBBD drops further, I will likely buy again. Or with my luck, this will double next week...
-Andrew
There's hardly any better firms CCME could hire. Independent Directors, not the company, hired Piper who then retained PWC.
Adding to confusion (not really...), the FAQ on ccme.tv does say, "Q: Please tell us more about CCME
Our financial statements are audited by one of the Big Four accounting firms."
I've specifically written to a Partner at Loeb about this and the above statement still remains here even after CCME removed reference to DTT by name from the ccme.tv website including the very page which says the above FAQ.
Were CCME to suddenly begin to trade again (pink or otherwise) and this statement still remains, that would mean CME holds itself out has having a Big 4 accountant audit its books. Leaving this statement up is just plain sloppy. Typical example of the CCME 'Amateur Hour' in action.
Not only that, if this is such a frequently asked question to be on the FAQ page, then CCME could reasonably be construed as giving this likely false answer frequently too...
-Andrew
At this point, what better firms could the company hire?
VG - Food for thought - there's MSFT about to buy Skype, yet VG is falling. That's what happens when one is better than the other... How do people call China anyhow?
-Andrew
CBBD - Price moving higher. No explanation. Always possible they found some financing willing to risk a reverse split. Some may be investing dividends from WWE (my thesis).
-Andrew
CCME - I'm seeing reports of CCME being listed by IB at 1.00 and 3.50 too. Suggests an increase in valuation for determining fees assessed to shorts.
-Andrew