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Forbes never said CCME is not a fraud on its shareholders. Besides, what if all the Forbes 200 companies are frauds, yet CCME has the best development potential of these. Many frauds can have sound development potential by going legit. Unless they keep saying, "Just when I thought I was out, they pull me back in."
-Andrew
Speaking of Magnesium, what do you think of American Manganese?
-Andrew
If they are also placing newspaper ads and serving as a total placement agency, that's something more than placing ads on buses. If what Zheng meant was placing ads on Switow, then we come back to the allegation that no Switow magazine has yet been confirmed found on any bus in China (whether 12,000 or 23,000; 27,200 or 27,400).
-Andrew
Tothe:
If it turns out that CCME has no restatement for 2009 or 2010, does not go pink, and that Starr just wanted a bigger slice, I'll send you your choice of:
Harry and David Baklava
or
Harry and David Chocolate Decadence Cake
Limit one. Void where prohibited. While supplies last. Subject to and not withstanding the foregoing. The decision whether the conditions precedent are met are determined by the sole discretion of this writer. Not assignable. If, however, my CCME shares trade above $20.00/share in the year 2011 within one week of trading recommencement, you shall receive both items. In no event does a zebra have to run through your living room.
-Andrew
This reporter has no more special knowledge of the subject than anyone else. It's just speculation. Unless someone cites additional evidence since the NT-10K, the fate of CCME remains anyone's guess.
-Andrew
Kelvin: Thanks for the translation.
-Andrew
Their clean team lawyers bringing this suit may not have been given all detail available to Starr Cayman II.
-Andrew
FloridaHockeyMan:
Starr's lawyers are merely alleging pleadings in the alternative. This is common and appropriate legal practice covering all the possibilities to ensure the suit is not dismissed with costs, to ensure a finding of good faith, and to possibly to not be assessed with legal fees. I would not read so much into what Starr Cayman II's lawyers wrote about paying too much for the shares even if there is no fraud revealed. They also plead that CCME may be a total 100% fraud, and they plead many shades of possibilities within this wide range. he lawyers plead for all contingencies to zealously represent the interests of the client. The pleadings rendered irrelevant would not even be seen by the jury anyway.
IMHO, Starr either did not know or they are now pretending they did not know what was happening with CCME behind their back until discovery so reveals.
-Andrew
Switow inception post-dates all revenue statements issued by CCME to date. So there's been no public revenue recognition.
-Andrew
The Express phantom is my personal favorite. When I want to sit back and enjoy a great audio-visual performance, that's my first choice.
Consider this message from a wonderful YMB thread...
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_C/threadview?bn=101061&tid=32728&mid=32788
"Have you been hiding under a rock or something? Everyone in the US with $25,000 of investment capital to risk on a China SPAC instead of AAPL knows what this video means. Who are you to even ask? What are you a pesky shareholder or something?
"That's the "Express Phantom" AKA the Game Changer for CME. You need to get with the program. Just don't get it, do you?
"Watch the video again until you do get it. http://www.ccme.tv/eng/video/ex-phantom.php?section=phantom
"Then tell five of your friends with high net worths to invest in CME. Show them the Express Phantom.
"Ask them boldly, "Do you see?" "Do you see?" (The Ralph Fiennes method)
"That's the best way to use this video to get CME investors.
"This video is so powerful and fundamental to the investment that Cheng Zeng will be requesting permission of the Board of Directors to pass a resolution to change the corporate charter name to China Media Express Phantom.
"Do you see?"
____________________
Just a cut and paste... Still whoever wrote this message had a lot of smarts and forethought in the skepticism aptly presented.
-Andrew
MCT:
It's no more unintelligible than the Investor's Day videos.
Perhaps someone who is fluent in both languages would like to volunteer to perform a further translation of the two paragraphs.
Alternatively, Motor City Trader, would you like to apply all your time for the next ten years towards intensive Chinese emersion classes, to thoroughly perfect your intelligible Chinese-English translations skills, and then you can post a translation for everyone's benefit that you deem intelligible.
-Andrew
Cheng Zheng comments at Forbes conference March 25, 2011
Chinese related links: http://finance.sina.com.cn/hy/20110325/18419595510.shtml and http://finance.sina.com.cn/focus/2011_zgqlqytzlt/index.shtml
English translation presumably using automated translation:
"Qian Qi: Good afternoon, ladies and gentlemen, after listening to one of the forums are very hard, but our issues in a relatively exciting because the online shopping experience I am sure you are not familiar with, because in the past few years, the rapid development of e-commerce not only in the way we live, but also affect our attitude towards life. Recently, I have my friends going through a very big change, because the big over the past 10 years in a very good opportunity to enter the real estate industry, six or seven years has gone through a lot of money worth tens of millions, he wanted to e-commerce area, he wanted to provide SMEs with a platform for exchange even if a bit like business to it, and he is different from Alibaba, Alibaba only trading platform. I would like to take this little story thrown you a few questions. First, in the highly competitive field of electronic commerce is not now a good time to enter? Second, in the B2B and B2C's leadership, an area in which greater prospects for development, e-commerce which one you are most promising? We invite the process always begins.
"Cheng Zheng: Thank you to discuss e-commerce projects, I think that e-commerce, first of all have a unique feature and unique selling points, like on our part, we consider that the market has already established that several done a very good breakthrough case how can it? Later, the model we think of media conversion, along with mobile auto B2C model, so create a B2C model. We provide free online platform for businesses to do, apart from online, as well as the following simulation runs a shop called the model, we can observe, like the mouse and then make a purchase. Put an end to the network to see something of the truth and do not see, it has the real thing there. All things are not spread, so that on their own sales, than their own re-generated ad serving, we believe that further development must be characterized.
"Second, on the B2B and B2C, I personally think that the future of B2B bigger, thank you.
"Qian Qi: the total range of Chinese bus channel growth in past 5 years, nearly 50%, the name written better, so smooth, you think that new entrants would be a good starting point it? Do you think the good times do e-commerce?
"Cheng Zheng: I think that is a very good time, because China is doing now to expand domestic demand, for us to consider, especially as China, second and third tier cities rapidly increasing purchasing power. Second and third-line retail and end of the network itself is relatively small, so this time just usher in e-commerce during the most gold. We all know that many of this year's Spring Festival shopping block in the road, bought a lot of things have not come, so there is a burst of self-growth, if there is a period of growth with the goods."
English translation from this source: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=101061&tid=100471&mid=100471&tof=3&frt=1
___________________________________________________________
-Andrew
Some ccme.tv update discussion:
While Jacky and Dorothy are no longer listed in the Corporate Governance page of the CCME.tv website (http://www.ccme.tv/eng/ir/governance.php), or on the "Board of Committees" page (http://www.ccme.tv/eng/ir/governance.php?section=committees), the FAQ remains word for word the same, including:
"Q: Why there are no large investment firms covering CCME in research?
CCME went public through a reverse merger with a Special Purpose Acquisition Company, or SPAC, which is different from a listing through a traditional IPO where several large investment banks may be involved and generally follow their IPO clients in research. We went public in October 2009 and no analysts were covering our stock at the time. Two firms (Global Hunter and Northland Securities) have since initiated coverage with a "buy" rating. Several other analysts are currently performing their due diligence." (emphasis added)
By the way, from this title, "Board of Committees" you can tell that no lawyer ever reviewed these pages or the representations that were not part of formal announcements which may have been reviewed individually then posted on the ccme.tv website. I mean, what the heck is a "Board of Committees"? Do the Committees then vote on how that Board then acts? There are three such Committees covering separate subjects with limited overlap. What happens when the Board of Directors and the Board of Committees are in conflict? (For the uninitiated, there's no such thing as a legally operative Board of Committees under any law of corporations in any state of the US. It's just plain legally illiterate). It's incredible that the lawyers did not review the total website for a publicly traded company.
-Andrew
Tothe, thank you for keeping the faith. I'll leave the bad faith to Cheng Zheng.
-Andrew
Tothe:
Are you saying that Cheng Zheng is actually the United States?
-Andrew
The US lives for the impulse of today, debt, plundering, for their own ease and convenience, the precious resources of tomorrow.
New Management Hires at CBBD
Jan. 18, 2011 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 01/18/11 -- YOU On Demand (OTCBB: CBBD), announces two new hires to its management team.
Lisa Richards has joined the Company as Senior Vice President of Distribution & Marketing. Ms. Richards is a seasoned executive in the cable industry with over 15 years of experience managing distribution and marketing for both the U.S. and international markets. For the past six years, she worked for World Wrestling Entertainment (WWE), where she managed distribution and marketing for WWE's subscription video-on-demand service, WWE 24/7 and WWE's pay-per-view services. Prior to WWE, Ms. Richards served as a Senior Director at the Starz Encore Group where she managed sales, marketing and point-of-sale activities for the Starz Super Pak, Starz on Demand, and STARZ! HD Premium Movie Services. Before joining Starz Encore Group, Ms. Richards was at In Demand where she oversaw sales distribution and promotional efforts for Pay-Per-View in the United States.
Jason Patton has joined the Company as Senior Vice President of Technology & Business Development. Mr. Patton has served as an executive at the forefront of developing new digital technologies in the media space in the U.S. and abroad. For the past decade, he served as an executive at In Demand, where he managed technology and business development and launched In Demand's video on demand offering across the United Sates. He also played a key role in launching In Demand's 24/7 high definition (HD) service, Howard Stern On Demand and the firm's online video store. Prior to joining In Demand, Mr. Patton worked for AT&T in both business development and mergers & acquisitions and lived in Hong Kong, China while working for AT&T's Asia/Pacific group. Mr. Patton is a graduate of AT&T's Financial Leadership Program, and he holds a B.S. in broadcast journalism and a B.S. in business administration from Boston University and an M.B.A. from the Harvard Business School.
"We are excited to welcome Ms. Richards and Mr. Patton to our team," says Shane McMahon, Chairman and CEO of YOU On Demand. "Their experience and expertise will have an immediate impact on our progress towards entering into China's media market."
About YOU On Demand
YOU On Demand (OTCBB: CBBD) is positioned to become the first national provider of Pay-Per-View and Video On Demand services in China. Through its recent acquisition of Sinotop Group, the Company will offer high quality content to viewers in the People's Republic of China through Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. YOU On Demand's historical core business operations have been conducted through its PRC affiliate, Jinan Jia He Broadband, the second largest broadband service provider in the Shandong Province's capital city of Jinan. Additionally, through its Shandong Group affiliate, YOU On Demand publishes digital and analog television program guides, newspapers and entertainment magazines. It holds the exclusive license to publish television program guides in the Shandong Province, one of the largest regional economies in China. For more information, visit http://www.youondemandchina.com or http://www.chinabroadband.tv
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Contact
Debra Chen
212-206-1216
Email Contact
www.youondemandchina.com
www.chinabroadband.tv
Source: Marketwire (January 18, 2011 - 8:30 AM EST)
Name Change to "YOU On Demand Holdings, Inc."
Jan. 10, 2011 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 01/10/11 -- China Broadband, Inc. (the "Company") (OTCBB: CBBD) today announces a companywide rebranding initiative with a new name, design and logo. "We are excited to announce our name change to YOU On Demand," says Shane McMahon, the Company's Chairman and Chief Executive Officer. "This new name taps into the emerging sense of personal identity that is growing in the world's largest marketplace, and better reflects our primary business objective to be the leading provider of Pay-Per-View and Video On Demand services in China."
The new name will be effective on or about February 9, 2011, following certain regulatory filings.
About YOU On Demand
YOU On Demand (OTCBB: CBBD) is positioned to become the first national provider of Pay-Per-View and Video On Demand services in China. Through its recent acquisition of Sinotop Group, the Company will offer high quality content to viewers in the People's Republic of China through Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. YOU On Demand's historical core business operations have been conducted through its PRC affiliate, Jinan Jia He Broadband, the second largest broadband service provider in the Shandong Province's capital city of Jinan. Additionally, through its Shandong Group affiliate, YOU On Demand publishes digital and analog television program guides, newspapers and entertainment magazines. It holds the exclusive license to publish television program guides in the Shandong Province, one of the largest regional economies in China. For more information, visit http://www.youondemandchina.com or http://www.chinabroadband.tv
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Contact
Debra Chen
212-206-1216
Email Contact
www.youondemandchina.com
www.chinabroadband.tv
Source: Marketwire (January 10, 2011 - 10:52 AM EST)
News by QuoteMedia
www.quotemedia.com
YOU On Demand to Become First National Pay-Per-View and Video On Demand Platform in China
Jan. 24, 2011 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 01/24/11 -- YOU On Demand Holdings, Inc. ("YOU On Demand" or the "Company") (OTCBB: CBBD) announced today an exclusive 20-year joint venture with CCTV-6's China Home Cinema (CHC), named Zhonghai Shixun, to become the first national Pay-Per-View and Video On Demand platform in China. The joint venture will operate under the national government licenses obtained by CCTV-6 and CHC and serve as their exclusive agent in China, for operating and marketing Video-On-Demand (VOD), Pay-Per-View (PPV), Subscription-On-Demand, (SVOD) and Near Video-On-Demand (NVOD), and related Value-Added Services (VAS).
"We are honored to announce our partnerships with China's leading movie network and channel," says Shane McMahon, YOU On Demand's Chairman and Chief Executive Officer. "Our strategic alliance with CCTV6 and CHC marks a significant milestone for YOU On Demand as we work to position our Company as the leader of premium content and Value-Added Services in the largest market in the world."
"As the digitalization and two-way conversion of cable networks rapidly expands across China, Video-On-Demand services have huge growth potential," says Mr. Wang Quan, CHC's General Manager. "We have very high expectations for our cooperation with YOU On Demand and its subsidiaries, and hope our joint venture will be an innovation leader in providing content, marketing, and value added services to the cable industry in China as it undertakes its network convergence."
CCTV-6 is the national movie channel of CCTV (China Central Television) in the People's Republic of China. CCTV-6 is the first and only national movie channel in China, reaching over 850 million people and consistently ranking in the top three among all Chinese TV channels in terms of annual ratings and viewership. CHC is the national pay movie arm of CCTV-6, as well as a national pay channel aggregator in China, currently covering over 50 million homes.
About YOU On Demand
YOU On Demand (OTCBB: CBBD) is the first public company, either inside or outside of China, focusing on marketing and delivering national Pay-Per-View and Video On Demand services in China. Through its recent acquisition of Sinotop Group Limited, the Company plans to offer high quality content to viewers in the People's Republic of China through Near Video On Demand, Video On Demand and Subscription On Demand services. YOU On Demand's core business operations have been conducted through its PRC affiliate, Jinan Jia He Broadband, the second largest broadband service provider in the Shandong Province's capital city of Jinan. Additionally, through its Shandong Group affiliate, YOU On Demand publishes digital and analog television program guides, newspapers and entertainment magazines, and holds an exclusive license to publish television program guides in the Shandong Province, one of the largest regional economies in China.
For more information, visit http://www.youondemandchina.com
New Domain name: http://www.yod.com/
So long chinabroadband.tv
This also was a three letter dot com domain name. Very expensive.
Advertisers will pay through the nose for access to penetrate to the right audience. We can all agree the major advertisers have the cash to pay for the ads. Let's assume they do pay. The tapes we saw show major brands on buses and in that station. The problem is what happens once the cash arrives.
I am suspect, knowing what Dorothy wrote, that if CCME is willing to lie about one material fact, it may have lied about others. For example, they may have told individual advertisers they were advertising their products or brands more that they did. Perhaps they over-billed. Proving over-billing would be really hard for the advertisers. They'd literally have to ride hundreds of buses to know fro sure. They could do estimates based on a small sample size, that's about it.
Then there are those who say the advertisers (or the vast majority of advertisers) never existed. We know Ping said they are real. She called numbers provided by the company. Would love to see her (Global Hunter's) phone bill as well as the numbers/contacts she was provided.
I know one shareholder who literally got a company he dealt with a lot to place an ad on a CCME bus. I'm going to ask him to comment further on that as it wold help shed some light on the subject. I want to know how he knew for sure the ad actually ran on certain buses or did he/they just take company's word for it.
-Andrew
There's nothing wrong with wishing for the application of any just law...
But were those sentences related to defrauding foreign investors?
Fine me one where the victims ripped off were non-domestic Chinese and the security traded exclusively outside China.
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 I'll make efforts to extend this list in one place.
-Andrew
CCME Lawsuit: http://www.rgrdlaw.com/cases/chinamedia/complaint.pdf
-Andrew
CCME Short Interest numbers: 3/15/2011 8,069,024 1,880,702 4.290432
Source: http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=CCME&selected=CCME
-Andrew
Short Interest numbers:3/15/2011 8,069,024 1,880,702 4.290432
Source: http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=CCME&selected=CCME
-Andrew
On the fence with Deloitte these days.
Tom:
Have a great trip and thanks for your reply. Every one is grateful for the tireless work you've done.
-Andrew
I am forwarding this to Koufax.
-Andrew
Nsomniyak, agree 100%. Advertisers only care about audience penetration, not image when it comes to a bus ad. Hiring Tiger Woods or OJ for spokesperson would be different.
-Andrew
Would like to see all these videos placed on youtube.
-Andrew
Miller1: Thanks for anything you did. The private board on YMB has access to that. You need to speak with Koufax.
-Andrew
Hi Zturk: That project was overseen by Koufax's leadership with many contributors for which everyone is thankful. The letter was sent it out some days ago. The letter was translated to Chinese too. There was a kind of response saying something rather general.
For some further detail about who was involved, see this thread: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61130335
You would have to speak to Tom for further detail as the discussion of the wording of the letter itself is not part of this Board.
-Andrew
I always go by MW for my share valuations... ;)
CCME last competitive short interest prediction contest for a while... Enjoy... http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=te&bn=101061&tid=99057&mid=99057&tof=1&frt=1
-Andrew
Short interest prediction contest. Everyone welcome to make that all important prediction on the below thread:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=te&bn=101061&tid=99057&mid=99057&tof=1&frt=1
(should be easy to win next time) ;)
-Andrew
Unless this somehow settles at lightning speed (highly doubtful), then yes, what another auditor finds will find its way into legal briefs in Delaware.
-Andrew