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Would someone like to discuss generally reasons CCME should want to remain on NASDAQ? I realize this is quite the broad question and that share prices are higher and the stock more likely to remain liquid on a monitored exchange with standards for listing. Maybe prestige.
But if CCME already got investor's money, and if they believe the share price will reflect distrust i.e. opening at, say, 3, why would CCME want to remain listed?
Zaudio:
That is the optimistic slant and is conceivable, though doubtful, given the totality of the circumstances.
-Andrew
Ben:
I welcome you to read the last 100 posts through the present and then draw your own conclusions.
-Andrew
Law Firm Selection Discussion
I am being asked repeatedly by PM about which firm to use in a class action on behalf of shareholders. The below will sound a lot like Koufax's message which I have cut and pasted and then modified with my own additional information since I agree with what he wrote. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61489432
In the end, there will most likely be one suit, and it will most likely be run by the firm who has a class representative with the largest losses.
I too have spoken to two outstanding firms:
1) I spoke with Tom Shapiro back when there were hit pieces. His firm, Shapiro Haber & Urmy, is a successful class action law firm with experience suing Chinese companies and major accounting firms. Their number is (617) 439-3939. I cannot say they are a "go" yet but if they do sue, they will be zealous.
2) I spoke extensively today with Michael B. Eisenkraft of Cohen Milstein Sellers & Toll PLLC, in NYC-- a major securities class action plaintiff's firm that is committed to filing a complaint. (That firm is now representing the female employees of Walmart, and has previously sued Chinese companies and major accounting firms as well). The contact person there for this matter is Michael B. Eisenkraft - 212-838-0177. Michael was open to all theories and open to suing well more than just CCME and Zheng Cheng as the facts unfold. It really sounds like this firm is interested in suing Deloitte for being at least reckless if not worse. (Whether they can prove the claim will depend on discovery and the judiciary (as is true in any lawsuit).
If you sit back and do nothing, you will likely be included in the ultimate class action. If you want to learn about how this case is going to proceed, you can try calling one of these firms. If your losses are in six figures, you have a shot at being the class representative, in which case you should certainly call one or both of them.
If you have substantial losses into the six figures, or more, you may be able to serve as a lead plaintiff.
-Andrew
(again credit to Tom who wrote most all of his post which I then tailored into my own).
Bet they knew. But they know now for sure.
The Honda brakes class action has helped many get over $100 in reimbursements for early ware and tear of Accord brakes....
I'm being asked why DTT insisted on the filing today going back two years and whether this has anything to do with compliance to remain Nasdaq listed.
Regrettably, I can't agree that this had to do with remaining listed. That filing was, IMHO, so Deloitte does not sue CCME for defamation by statements of association going forward.
Had nothing to do with remaining listed.
There may be other reasons. All thoughts welcome.
-Andrew
You have the choice of many firms to consult in making your selection. You should speak with Koufax too.
Any firm should have solid reputation and experience in class action and shareholder lawsuits, as well as responsive to your communications.
One thing you might consider is whether a firm is willing to sue DTT, Wuyi, or other companies and/or individuals that may have knowingly received the benefit of what may have been fraud. Also of importance are steps to freeze bank accounts and seize balances, if possible, which likely requires hiring local counsel in HK, China, etc. I am not saying anything will come of these suites. I do think Deloitte faces a lot of explaining and may well have to do some eventual settling.
Whether Starr knew or was reckless and has some kind of liability via Dorothy Dong, is not likely but should be pursued since, if there is any liability, they have the cash. A willingness to sue all Directors and officers of each company involved is something else to consider.
-Andrew
All hope is not yet destroyed. There's lawsuits to be brought, cash to be traced, recipients to be sued, accounts to be frozen, and also the chance (albeit diminished) that CCME seeks to remain NASDAQ listed.
-Andrew
Bogey, you have that dead right.
Again, lawyers need to make a beeline toward suing Deloitte along with everyone else.
-Andrew
It's posturing at best (for longs) and limitation of liability at worst (for longs).
I sure hope the law firms sue DTT in addition to CCME and let discovery sort it all out.
-Andrew
Form 8-K/A for CHINA MEDIAEXPRESS HOLDINGS, INC.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D11%2D017875%2Etxt&FilePath=%5C2011%5C03%5C29%5C&CoName=CHINA+MEDIAEXPRESS+HOLDINGS%2C+INC%2E&FormType=8%2DK%2FA&RcvdDate=3%2F29%2F2011&pdf=
(The above link has Deloitte's March 29, 2011 letter too).
29-Mar-2011
Changes in Registrant's Certifying Accountant, Non-Reliance o
Item 4.01. Changes in Registrant's Certifying Accountants
On March 11, 2011, China MediaExpress Holding, Inc. (the "Company") was notified that its principal independent accountant, Deloitte Touche Tohmatsu in Hong Kong ("DTT") had resigned its engagement with the Company, which resignation was effective immediately. DTT was engaged by the Company on December 4, 2009 following the Company's business combination with Hong Kong Mandefu Holdings Limited. DTT's resignation as the Company's principal independent accountant was accepted by the Audit Committee of the Company on March 13, 2011.
The following reportable events occurred within the period from DTT's engagement and the two fiscal years of the Company ended December 31, 2009 and 2010 and subsequently up to the date of resignation. DTT has informed the Company in its resignation letter that it was no longer able to rely on the representations of management and that it had lost confidence in the commitment of the Board and the Audit Committee to good governance and reliable financial reporting. Prior to its resignation, DTT raised the following issues (some of which may be considered to be disagreements) encountered during the audit, including: issues related to the authenticity of bank statements; a loss of confidence in bank confirmation procedures carried out under circumstances which DTT believed to be suspicious; issues concerning the validity of certain advertising agents/customers and bus operators (including with respect to certain of the Company's top ten customers); concerns over possible undisclosed bank accounts and bank loans; information on file with the State Administration of Industry and Commerce as to certain subsidiaries appearing to be inconsistent with comparable financial information provided to DTT; the verification of the validity of a sampling of tax invoices issued in connection with certain large transactions; the verification of certain subsidiary tax payments with the local office of the State Administration of Taxation; the verification of salary payments made in cash directly to employee bank accounts; the verification of the production process for advertising programs; and the potential double counting of a certain number of buses. As a result, DTT had requested that the bank confirmation process be re-done at the banks' head office and that the issues described above be addressed by an independent forensic investigation. DTT stated in its resignation letter that, in its view, the Company was not in good faith willing to proceed with the course of action requested by DTT; however, the Company believes that it was working to address these items at the time of DTT's resignation. DTT's letter also stated that these issues may have adverse implications for the prior periods' financial reports, including the Company's consolidated financial statements for 2009 and DTT's report thereon, and that in the absence of the further investigatory procedures that DTT requested, DTT was unable to determine whether the prior periods' financial statements are reliable, and accordingly whether continuing reliance should be placed on these financial statements or on DTT's report on the Company's 2009 financial statements. DTT discussed the subject matter of these reportable events and disagreements with the Company's Audit Committee. The audit report of DTT on the financial statements of the Company for 2009 did not contain any adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles. DTT has advised the Company that the reportable events and disagreements described above, if not resolved to DTT's satisfaction (had it not resigned), would have caused it to make reference to the subject matter of such events and disagreements if it were to have issued an audit report on the Company's financial statements for the year ended December 31, 2010. Attached as Exhibit 16.1 to the Original 8-K is a letter from DTT addressed to the Securities and Exchange Commission stating that it concurs with the statements made by the Company with respect to DTT in the Original 8-K. Attached as Exhibit 16.2 to this amendment on Form 8-K/A is a letter addressed to the Securities and Exchange Commission stating that they agree with the statements made by the Company in this Item 4 of this amendment on Form 8-K/A.
The Company will authorize DTT to respond fully to the inquiries of any successor accountant concerning the subject matter of any disagreements. Other than set forth above, there are no disagreements or reportable events as described under Item 304(a)(1) of Regulation S-K.
Item 4.02. Non-reliance on Previously Issued Financial Statements or
Related Audit Report or Completed Interim Review.
On March 25, 2011, DTT informed the Company that as stated in DTT letter of March 11 for the reasons set out therein DTT has lost confidence in the representations of management and also in the commitment of the Board and the Audit Committee to good governance and reliable financial reporting. DTT has since reached the conclusion that they are no longer able to place reliance on management representations in relation to prior period financial reports. Accordingly, DTT requests that the Company take immediate steps to make the necessary Form 8-K filing to state that continuing reliance should no longer be placed on its audit report on the 2009 financial statements and moreover that DTT declines to be associated with any of the company's financial communications during 2010 and 2011. In light of DTT's previous resignation, no members of Company's Audit Committe or Board of Directors or any authorized officer has discussed the matters disclosed in this Item 4.02 with DTT. Attached as Exhibit 16.2 to this amendment on Form 8-K/A is a letter addressed to the Securities and Exchange Commission stating that DTT agrees with the statements made by the Company in this Item 4 of this amendment on Form 8-K/A.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
16.2 Letter of Deloitte Touche Tohmatsu dated March 29, 2011
Dividend is about the best way to confirm cash.
I'll go out on a limb to say if CCME wants to go pink for a good reason (i.e. to not disrupt its business relationships with attacking forensic analysts) and still pays a very regular significant dividend (i.e. every two months), and gives guidance, etc., that would be fine with me.
-Andrew
Wuyi Pharmaceuticals International issues special 8.8 cent dividend. Price up 15% today.
http://www.irasia.com/listco/hk/wuyipharma/announcement/a70728-ew1889ann.pdf
http://finance.yahoo.com/q/bc?s=1889.HK+Basic+Chart&t=5d
What would happen if overlapping CCME management took this as an example?
-Andrew
Wuyi Pharmaceuticals International issues special 8.8 cent dividend. Price up 15% today.
http://www.irasia.com/listco/hk/wuyipharma/announcement/a70728-ew1889ann.pdf
http://finance.yahoo.com/q/bc?s=1889.HK+Basic+Chart&t=5d
What would happen if overlapping CCME management acted on this example too?
-Andrew
Marty, do you think the auditors did review the CTR reports?
-Andrew
Marty:
Your assessment of what may have happened seems fair and reasonable in light of the circumstances and what little we do know.
Do you believe the company will retain a forensic auditor and take reasonable steps to remain NASDAQ listed?
-Andrew
Resignations and Lawsuits Links
Resignations by DTT, Jacky Lam, Dorothy Dong
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D11%2D015546%2Etxt&FilePath=%5C2011%5C03%5C17%5C&CoName=CHINA+MEDIAEXPRESS+HOLDINGS%2C+INC%2E&FormType=8%2DK&RcvdDate=3%2F17%2F2011&pdf=\\
This tag was updated for the sticky note section of the board to include DTT
Links re: Two Lawsuits v. CCME:
1) Starr Cayman II v. CCME, Jacky Lam, Cheng Zheng, and Deloitte HK
http://www.scribd.com/doc/51230653/Starr-CCME-Lawsuit
(This is a private suit by Starr Cayman II)
2) DANIEL MCINTIRE, on behalf of all other similarly situated v. CCME
http://www.rgrdlaw.com/cases/chinamedia/complaint.pdf
(This is a proposed shareholder derivative class action)
As suits are filed or posted about, I'll make efforts to extend this list in one place.
Today, this message is a consolidation of two sticky posts into one give the limit of 4.
-Andrew
If that's what the people want, and in light of no objections, the the sticky is now up.
Many Forms of "Fraud"
Seems like every day someone who is not a paying member with very few historical posts expresses yet again an alarming conclusion about the word fraud relative to what few facts are known and in light of what little of substance has been alleged. This time it's the half pregnant argument-- again.
For what seems like the 50th time, one or more materially false statements or material omissions could themselves translate to securities fraud which is a form of fraud. That very well may have happened and is bad news for longs.
However, this does not mean in any way that CCME is necessarily a gutted hollow shell with zero assets, no revenues, overwhelming liabilities, or a CEO who ran off to his new island with the money. I realize, say, a 20% or 30% restatement may not sound terribly good either. Neither would no restatement but admissions of kiting long-since returned cash to line the CEO's pockets with short term high interest.
It's just that there's a lot more to the word "fraud" than the way its casually thrown around. The half pregnant analogy does not mean CCME is dead in the water, an Enron or Worldcom style fraud, i.e. a companies that secretly owed billions of dollars more than it had. That conclusion of total fraud in all ways possible cannot possibly be reached until we have more facts.
Even though Dorothy Dong's resignation was most disconcerting, the allegations in the Starr lawsuit did not name any further facts that gave rise to her resignation. There were no claims of further specifics revealed to Ms. Dong at the Board meeting or known to her by nature of her former Directorship position. In other words, even Dong's resignation is fraught with implication, yet lacking in specifics that one may use to tailor use of the term "fraud" to fit the occasion.
I'm not saying the eventually revealed facts will be good news. It could be very ugly. Just saying there's a lot more to the legally operative word "fraud" than that expressed in such broad-brushed statements and conclusions.
As long as this message is an attempt to counterbalance pessimism, let me also observe some glimmers of the positive. YMB arch-short Don Monfort acknowledges that a short squeeze could occur if longs get some positive news at the eventual open. CCME says it's hiring a new CFO. In fact, CCME is has posted about four dozen job openings since the Q12 halt on March 14, 2011, and one such listing is for the CFO position.
Whether CCME responds to NASDAQ with a compliance plan including the retainer of a forensic accountant to prevent delisting is anyone's guess. Until we hear more information, let's keep an open mind.
-Andrew
Resignations by DTT, Jacky Lam, Dorothy Dong
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D11%2D015546%2Etxt&FilePath=%5C2011%5C03%5C17%5C&CoName=CHINA+MEDIAEXPRESS+HOLDINGS%2C+INC%2E&FormType=8%2DK&RcvdDate=3%2F17%2F2011&pdf=\\
This tag was updated for the sticky note section of the board to include DTT
In the absence of more information, anything is still possible, both positive and negative.
Swampdonkey:
I tend towards #3 too.
Also, someone mentioned that there were fewer than 55 positions named. I just counted 47 named positions.
I believe, however, that "sales" would probably consist of many positions to be filled in a sales department (possibly commission based) and would not just be filled by one person the way CFO would be filled.
Therefore 55 may not be at all unreasonable and the total number of hires presented by the list could prove even greater.
-Andrew
Cfgjr:
I'll work harder to better express myself and respectfully apologize for any confusion resulting from my poorly written messages.
-Andrew
__________________________
RRU2 - agreed but only if this "information" is expressed in a constructive way (which I have not seen yet) as opposed to via personal attacks. My other point was that Andrew is just as guilty....so if there are points to be made by either or both sides, then make them....in English.
I favor a free and open discussion. Any decision to remove messages responding to me or to which I am responding based on topicality should be made by another Moderator.
I welcome all analysis of CCME on this board and want to hear varying perspectives. What would be great are details in addition to one liner conclusions in the absence of detail or support.
My main concern here was the conclusory discussion of "fraud" without regard for subtleties which may present themselves. If Management chooses to enlighten shareholders about what's going on behind the scenes, we'd have a better guide. In the absence of more information, many possibilities still remain.
I'm basically saying that CCME may reveal through forensic audit that there was some instances of fraud while yet the business is vibrant, profitable, and that those schemes of fraud are no longer still presenting. CCME could possibly state failsafe mechanisms in place to prevent fraud in the future. Moreover, CCME could announce the buyback and issue a dividend to protect longs. Under current facts, a rosy scenario for longs is conceivable; whether anyone thinks it's likely or not is another question.
It's also possible that CCME is part of a wildly massive fraud whose tentacles reach every claim ever made by CCME about it's business. That possibility is present too.
Then there's the chance it's somewhere between these extremes. I'm just saying that it's possible everyone ends up somewhat right about CCME because to qualify as "a fraud" just takes one instance of a violation of Rule 10-B-5. That alone does not necessarily render CCME a worthless business.
-Andrew
I never referred to any of your investments on iHub or anywhere. Your emotion towards me may therefore be misplaced.
"If you take a look at some of my investments, I believe you referred to one other here on I-HUB..."
-Andrew
It's remarkable that you wrote all that about yourself and your alleged analysis or investment in an unrelated company, and yet you said nothing at all about CCME and even less to further define "fraud".
I'm just addressing your conclusion that: "There is no such thing as a partial fraud. The use of the term itself is using the English language in an incorrect manner. Your skin is either bleeding or isn't bleeding after you slice it with a piece of glass. Just because you cut your finger, rather than your entire body, does not deem it to be a partial cut."
At best you are using a simple heuristic that where there's smoke there's fire. Fair enough. Everyone sees and smells the smoke. But the smoke could be coming from many different places within the CCME operation, or possibly from the totality of the company. This smoke does not necessarily yield your conclusion, "Because I would be very surprised if CCME is even in operation in the near future."
If company says nothing more ever, then we may never know. If they do shed more light on the details, we may find CCME has a vibrant business and has addressed whatever problems within the organization were presenting.
How this will affect share value is another matter.
-Andrew
No one would purchase shares today because the security is halted under extremely unusual circumstances with much news pending before it resumes. In a wink of an eye before trading resumption, facts could come to light which merit purchase, hold, or sale.
-Andrew
ValueInvestorToday:
You proceed in your analysis without the necessary language tools or legal training to recognize the subtleties between various legally operative torts and the wide array of circumstances which could constitute legally operative fraud. Frankly, like a first day law student, you are ill-equipped to recognize subtleties of the application of distinct laws to varied circumstances. Next you will find this message frustrating or you will continue with your willful blindness.
By the way, by your standards, naked shorting is fraud. Would that make you a fraud too, Sir?
-Andrew
The word "fraud" is very broad and can also encompass narrowly defined circumstances too.
I'm not saying the outcome will be rosy for shorts or longs. However, the case of CCME is singularly unique to the point of the absurd.
Many experienced investors recognize the efforts by some shorts were manipulation and/or to provide a cover story for shorts acting on inside information.
I'm confident the ultimate result will show that many shorts were in some ways right and many longs were in some ways right; the facts will eventually show that some shorts were knowingly or recklessly wrong about the so-called "facts" they presented, in violation of the Securities Act, while longs were victims in one way or another of this manipulation.
When I say both sides right in some way, I mean that there can be a 10% fraud, maybe balances loaned off for high interest to a non-CCME third party or to enrich the CEO or former CFO privately. Well then that would be "fraud" yet the company is not a fraud at the core. There's many examples that would quality as securities fraud on investors and yet the company is quite healthy.
In light of Dorothy Dong and CFO Lam's resignations, even I said CCME is a fraud. But what really is the bare minimum to constitute a fraud? It's one very large array.
-Andrew
CCME management is consistently so tightfisted as to be unreasonable. They only paid Jacky under 79K. That's how you know they did not use headhunters or advertise to a fancier applicant crowd.
Before someone replies implying that maybe the inside purchase being part of Jacky's compensation, this sentence serves as the requisite reference to those 100,000 shares.
-Andrew
Companies need to fight back against short and distort attacks seeking to manipulate the price of a security in violation of Securities Act rule 10-B-5. Halellujah!
If CCME somehow comes out unscathed, and everything CB and AL wrote for MW and CR proves knowingly false, CCME should do the same thing.
-Andrew
I looked at the Chinese too. Thats about all I can do besides running it through Google translate. I am not fluent in Chinese. Are you?
-Andrew
Kelvin:
Did you look at the actual Chinese in this post in question or are you proceeding with information or belief found elsewhere?
-Andrew
iamlongdd:
Please clarify. Are you saying that:
a) the translation is wrong because you are fluent in Chinese and you looked at the Chinese words in question here, you recognized the error in translation, and you are bringing it to our attention; or
b) the translation is wrong because you believe there's 1.3billion viewers (which may well be right), but you are not fluent in Chinese. Please advise. Thanks.
-Andrew
Or they will restate 1/100th the amount, lie to the advertisers (tell then 100X) then tell SEC 1/100, and keep 99/100 from shareholders, thinking they can be both legit and pocket 99%.
Kidding.
-Andrew
Please define "Ping Ying" other than that it has nothing to do with Ping Lao.
Thanks,
Andrew
Jwantatusa:
Are you saying that "investment manager" is a poor translation? Sounds like there is a Chinese word or phrase being discussed. If so, could you please reply writing: 1) the word or phrase in phonetic English and 2) the word or phrase translated into English too?
We all understand that a failing of iHub is not being able to support Chinese characters. YMB has one up on iHub in this area.
Thank you.
-Andrew
Here is that Investment Manager job listing Google translated and below that is the CFO listing translated. **(Before you read the below, keep in mind that 50,000,000 yuan = US$7,625,650.00.**
__________
The Investment Manager Google Translation:
"JPS Media Ltd Fujian speed: up capital of fifty million yuan, the advantage of relying on Chinese high-speed channel resources to create a world-renowned manufacturers total sales channels; for customers to achieve zero post shopping, and up close with the well-known manufacturers A platform for innovative shopping experience.
In terms of talents, with the e scouring talent is always the driving force behind the survival and development. We fully acknowledge and respect for individual abilities and personal thinking. To create inspirational and passionate work environment. The staff as our most valuable resources, care for our staff to work and live, attention to capacity building and quality of training, protect and improve staff of economic income. Not only that, we have a first-class office environment, higher than the salary counterparts, relaxed office model. All kinds are invited to join the elite, join the festivities.
? ? interview the information you need to bring:
1, CVs;
2, proof of qualifications, identity cards and other original and copy of qualification;
3 students, please bring self-introduction text, student cards;
4, graduates with a recommendation for employment, please list;
5, 1-inch color photo of one.
? ? Office Hours:
1, 7 hours / day, five-day work, except for special status
2, the state legal holidays
[Urgent] Customer Service Representative
Requirements:
Basic requirements
-------------------------------------------------- ----------
Job Type: community working time: full-time academic requirements: College Sex: Open Title Requirements: Open Age: 18 to 28 years old
-------------------------------------------------- ----------
1, be familiar with office software, typing speed;
2, the image is good, sound good, verbal fluency, clear and accurate pronunciation, good oral communication skills;
3, strong communication skills and team spirit;
4, customer service work experience preferred.
Job Summary:
1, customer order processing to achieve performance objectives;
2, client counseling, complaint handling;
3, to study and master the psychology and needs of customers, timely feedback.
Note: After regularization Salary: basic salary + performance + bonus month
Job duration:
2010/2/20 Location: Fuzhou
[Urgent] Investment Manager
Requirements:
Basic requirements
-------------------------------------------------- ----------
Job Type: community working time: full-time academic requirements: College Sex: Open Title Requirements: Open Age: 25 years old to 45 years
-------------------------------------------------- ----------
1, there are online advertising or related media sales and business experience;
2, channel and project related business information resources preferred;
3, support professionalism, good resilience and good negotiation skills;
4, can be hard to adapt to frequent business trips, team player.
Job Summary:
1, is responsible for investment projects with the e Amoy work;
2, responsible for signing contracts and commodity data collection;
3, who is responsible for cooperation with the manufacturers of communication.
Job duration:
2010/2/20 Location: Fuzhou
Address: 33 East Street, Fuzhou Wuyi Center 22 floors
Postal Code: 350000
Tel: 0591--28377988 transfer 8067
Mobile:
Fax: 87610415
Contact: Mr. Lien
E-mail: lianliyuan2000@163.com (Do not drop an attachment)"
_______________
CFO Job Listing found at this link: http://www.jobyun.com/j_110005312696
Here is the CFO ad Chinese to English Google translation:
"Fuzhou Chief Financial Officer (CFO) jobs
Share: QQ space Sina Tencent microblogging microblogging network for all
Recruitment Focus Media Co., Ltd. Fujian
Release date :2011-03-16 | Location: Fuzhou | Job type: Full-time | Education: Bachelor | :5-10 years of experience | Salary: Negotiable | functional categories: trade / consumption / production / operation of travel / catering / entertainment / services | company size :100-499
Chief Financial Officer (CFO) Job Description:
Job Description:
1, where the overall responsibility for financial management of listed companies, auditing, and the required reports and investment and financing work;
2, the development company's financial objectives, policies, financial internal control system, capital operation and organize their implementation;
3, the setup and hold with investors and the intermediaries (investment banks, lawyers, auditors, appraisers, etc.) a good relationship, effective communication.
4, the coordination of external audit, the timely completion of quarterly reports of listed companies, annual work; to ensure the company listed in the laws and regulations in line with regulatory agencies (the Stock Exchange, SEC, etc.) requirements;
5, assume the work of Secretary of the Board.
Qualifications:
1, prestigious universities financial, economic, audit, financial undergraduate education, master's preferred;
2, more than five years large multinational companies or large private enterprises over the financial director of the background; has four world-class investment bank or accounting firm as a financial / audit senior positions is a plus;
3, English listening, speaking, reading and writing skills.
Location: Beijing, Hong Kong, Fuzhou and Beijing Four
Salary: interview
View / Apply to Job View More Chief Financial Officer (CFO) Jobs
Chief Financial Officer (CFO) of the wages:
Chief Financial Officer (CFO) Salary ¥ 33529
(As :2011-03-28)
125,002,500,037,500
Related posts Salary Search:
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About Focus Media Co., Ltd. Fujian
China's high-speed channel is Focus Media Co., Ltd. of Fujian, a main brand, is the professional management of inter-city bus-car video media company, is the only designated State Ministry of car video media. Has been formed in Beijing, Shanghai, Guangzhou, Jiangsu, Fujian, Chengdu and other 22 provinces and cities nationwide high-speed passenger backbone network. China's high-speed channel innovation mandatory player mode, up to 13 million passengers a year's audience, the most comprehensive network coverage nationwide system for customer recognition.
Focus Media Co., Ltd. of Fujian has been established, has been successful for China Mobile, Bank of China, Pepsi, Siemens, and other hundreds of domestic and international famous brands through effective communication. More and more companies have chosen the well-known brand of high-speed channel as their power development in the media. Sufficient to prove that the Chinese media market high-speed channel to adapt to the trend of development, with a strong vitality and good market prospects. In terms of talents, our company always adhere to the survival and development of talent is the driving force. We fully acknowledge and respect for individual abilities and personal thinking. To create inspirational and passionate work environment. The staff as our most valuable resources, care for our staff to work and live, attention to capacity building and quality of training, protect and improve staff of economic income. Not only that, we have a first-class office environment, higher than the salary counterparts, and provide the country's 22 provinces, municipalities and optional loose office office mode. All kinds are invited to join the elite, join the festivities.
? ? interview the information you need to bring: 1, CV; 2, proof of qualifications, identity cards and other original and copy of qualification; 3 students, please bring self-introduction text, student card; 4 graduates Please bring a recommendation for employment form; 5,1-inch color photo of one.
? ? Office Hours:
1,7 hours / day, five-day work, except for special status
2, the state legal holidays
Address: 33 East Street, Fuzhou, Wuyi Drum Tower District Centre 22F
Focus Media Co., Ltd. Address Fujian
Map data © 2011 Mapabc - Terms and Conditions
Chief Financial Officer (CFO) Related posts:
CFO CFO CFO CFO CFO CFO CFO / Chief Financial Officer Chief Financial Officer (CFO)
CFO (CFO) Chief Financial Officer / CFO Chief Financial Officer (CFO) Chief Financial Officer (CFO) CFO
Focus Media Co., Ltd. Fujian other posts
[Urgent] Director of Human Resources in Fuzhou 2011-03-28
Engineering Technician Tianjin 2011-03-22
Programmers Fuzhou 2011-03-22
Assistant Chief Financial Officer, Beijing 2011-03-17
Assistant Chief Financial Officer, Fuzhou 2011-03-17
Fuzhou 2011-03-16 Performance Evaluation Officer
Programmers Fuzhou 2011-03-16
Chief Financial Officer (CFO) Beijing 2011-03-16
Planning Commissioner Guangzhou 2011-03-07
[Urgent] Fuzhou 2011-03-02 Welfare Co-ordinator
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Solar Energy Technology Co., Ltd. Changzhou 2011-03-25 by Liao Si
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Wilberforce Consulting 2011-03-25
CFO (Chief Financial Officer) (Location: Chengdu)
Chengdu Jia Island New Waterproof Material Co., Ltd. 2011-03-25
?Position? search of a well-known enterprises in Fuzhou CFO (Location: Fuzhou)
2011-03-24
U.S. listed CFO (Location: Beijing)
2011-03-24
?Position? a well-known search company CFO (Location: Shanghai)
2011-03-24
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-Andrew
Shareholders may want PR fast, as you say. How could a shareholder not what to know every detail. Really it's too late now for a quick PR. No PR now will be seen as quick. They are in so deep with shareholders that they may as well take their time. The PR that comes now is already sluggishly overdue to the point of being beyond the pale.
The CCME reputation is already pretty awful. Whether investors wait weeks or months for new PR will not make investors any happier such that they alter their investment strategy of a halted security. Reality is CCME doesn't have to say much of anything until they get their ducks as lined up as much as they are able in the maximum time they can drag this out.
Longs were all hoping-- even expecting -- the lined up ducks would start quacking with what was anticipated to be the March 16 10K+buyback announcement + dividend announcement. CCME accounting was in way over their heads. Deloitte definitely wanted an exit. Someone in CCME had done some things that were not dotted i's and crossed t's.
Rosy Scenario: If CCME does retain the forensic auditor and CFO to somehow meets the NASDAQ deadline, we may not hear more than that information until even another quarter goes by. Then they could have whatever restatement info they would need for 2009 and 2010, plus no restatement needed (yet for the additional quarter(s) they would also then announce. If they were to do this with a dividend and buyback, right before trading resumption, they would really be rather redeemed.
Will the above scenario play out? Not likely. But it is on the radar until facts show why it's not.
Am looking forward to seeing a filing on the 900,000 earnout shares from 2009 and also hearing more information about how Jacky bought the 100,000 shares in his name. Or was his exit an attempt to not have to answer questions about how he got the cash together.
-Andrew
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If only he would stand by his word and let shareholders have some info...They need PR, and fast!