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And Headley and Rato?
Let's face it - the guy is a scumbag. Whether he wants to distance himself from allegations or whatever his current motivation, the damage he (they) intended to do is done. Now it's time for him to make himself slippery and head for the exit.
His ultimate defense is that this whole mess that he created is nothing more than a misunderstanding because he was lead down the garden path by a CCME "employee"? He should have thought of that before he cost so many people so much money (and I'm sure he did - it was all part of the plan). This guys is "dumb like a fox" as many scumbags are.....he's a crook and should be prosecuted like one. Never happen.......
I can't get to it either - was checking as I do everyday for updated IR contact firm......
It's probably on a Mercedes in Pacific Palisades, CA
I thought those first 5MM WERE Salty's purchases.....
Yeah, like, where do they get some of these people
Maybe...but the way I read it is (unless you're a trader) the weaker longs will engage in worthless banter with the shorts to the point where the weak longs will wet their pants and dump their shares (that's what makes them weak). The strong longs couldn't care less about what the shorts come up with since they "know what they own" and will likely continue to hold their shares in spite of the shorts' BS.........
Ummmm.....that would be WEAK longs always take the short-seller bait, eh Joe? LOL
So you are thinking the 10-K will be 2 weeks late? Is this due to more work being done, either by Deloitte and/or some additional selective forensic examination by another Big 4, as a result of the hit pieces?
Joenatural - you usually have some good insight into why this number looks the way it does. What do you make of it this time? TIA.....
Or maybe it was Carson Left?? Just funnin' with you Mustang...
Michael - who will determine if the blogger is ignorant, etc.? While I completely get your point, I think we do more for the good of the Board (and for CCME for that matter) by having those of the Board refute or rebutt claims made by some of these knuckleheads (as they typically turn out to be) with available facts. By being publically flogged and humiliated, maybe these bloggers are less likely to show up with a bunch of BS next time around....JMHO. Thanks!
-Chuck
Not out yet; ah=after hours (as in later today after the markets close)
Nice! Next it will be that L'Oreal never paid for the ad so they can't technically be counted as a "customer"....jeez
Oh, and since L'Oreal never paid for the ad and CME does these "freebies" for all of the companies listed as "customers", then the cash can't possibly be real, and.......
My guess is that Jacky doesn't exist.....
Snow - I don't think it makes them gutless or cowards. The fact that they sold merely says that they did not have the tolerance for the volatility in this investment and have moved on to something more conservative. Hopefully the shares that they held are now in stronger individual hands or owned by institutions.......
Glen - perception, I guess that's the point. Nobody disagrees with the quality of the company or there would be no reason to own the stock. The different opinions on how and when we get to this price or that price are solely dependent on individual shareholder's perceptions of when the market is likely to recognize the true value of the company and have it reflected in the pps. Some say sooner, some say later. LOL - fact is nobody really knows.
-Chuck
Every day that goes by without any burps or farts from Deloitte is another nail in the shorts' coffin....the exit doorway is getting progressively narrower IMO
I would actually think one is on the way as I posted the other day. When shares available to short goes to zero as others have said is now the case, we have historically seen another "attack" from one of the "researchers". The next one will be that Deloitte won't sign the 10K, or some other BS. LOL
Kelvin - the irony here is that both longs and shorts have money riding for basically the same reason - that CCME is "too good to be true".
The case for the longs is based on a tremendous amount of due diligence that has been presented on the board over the last 2 years. You don't have the same confidence/comfort level as the longs here because you have been here for 2 weeks. If you are long, this company is "too good to be true" because of its extreme under-valuation based on many factors that have been discussed on this board. It could truly be the investment of a lifetime.
For shorts, the thesis is that CCME is "too good to be true" so it must be a "fraud". Many points of this fraud thesis have been rebutted and debunked since the release of the various hit pieces over the last few weeks. The last shoe to drop will be the release of CME's 2010 10K, signed by Deloitte with a clean opinion. At that point, shorts are likely to experience a severe case of "watery bowel syndrome", lose a boatload of money in an attempt to cover and are likely to move on to another target.
-Chuck
Not likely IMO - he doesn't strike me as someone who would go out on a limb and I believe that's what he would feel like he would be doing if he were to get wholeheartedly behind CCME.....
Ooops - now it looks as though she has provided a response and a weak one at that. So let me see if I have this straight - her basic premise is that the company has yet to answer questions or address concerns that have been put out there by a bunch of dirtbags who are likely being supported by hedge funds who were short CCME stock and would stand to benefit greatly if CCME stock were to drop significantly in value?
I must say that if the girl is trying to drum up business or likes to be out there in the limelight, she's riding the wrong horse....she's in the group that would find something negative to say after a Deloitte-signed 10K comes out with a clean opinion.
Marty - outstanding and well-thought-out response as always. I notice she hasn't taken the time to respond to your comments, most likely due to the fact that she doesn't have the intellectual horsepower to address the points you make and because she has no facts to draw on as a result of not having done any of her own research. Yet another pretender; a journalistic wannabe.....
No doubt - got a note from Fidelity earlier today looking for my shares (all of them) - don't know what the borrow cost is to the short but the interest rate to me is 19%. As much as I hate to say it, I have received several of these calls in the past and they usually precede yet another goofball hit piece by a couple of days.......
CJ - what Timothy has neglected to mention is that he has been the greatest defender of the company and the longs (mostly) that contribute here. He has done this by tirelessly posting the "real" story of CME at various message boards and blog sites (here, Yahoo, Seeking Alpha, The Street, etc.) in an effort to combat the baloney put out there by those who are short (or at least poorly informed) and to provide info to those like you who have recently taken an interest and/or a position in the stock.
Timothy walks softly and carries a big stick!!
-Chuck
Salty - thanks! Any other areas you would recommend in the Jax area? Where are you now??
OT - Rato/Fernando: what do you guys know about Ponte Vedra Beach? My wife and I consider it to be on the short list for retirement along with the Raleigh area and Savannah, GA (we live in CT now). I think we are 2-5 years away at the moment and we would look to buy a house rather than a condo. Heard "The Plantation" is a nice gated community. Thoughts? TIA........Chuck
Salty - that is f'in hilarious!! Maybe we should go dig up a pic for WCT and insist that he use it here!! Although Swamp may get a little jealous.....it's all good!!
When I think of WCTBILLS and all of the work that he has done in the interest of getting the facts about CME out in the public view, I think of a certain 4-letter word:
STUD!!
Marty - I would like to know how the events of the past week have influenced the content of this proposed article or whether it will even be published. Any thoughts??
Rick - any plans for a follow up to your CCME piece from last week? Now that the facts about CME have begun to find their way into public forums as a result of the GH report, more announcements likely on the way from the company and assuming a 10K signed off on by Deloitte with a clean opinion on the horizon, maybe there would be some motivation for you to provide a follow up to to your "be cautious" piece? Just asking....thanks.
-Chuck
Maybe Chimin will come out with Release 5 today - yet another re-packaging of the same old crap. That will surely get it to $15 Michael!!
TF - precisely!! The stock has gone vertical since the Citron comments were released. Thanks Andy
I thought you were going to reserve that homepage for "NEP-watch" LOL...........
Fernando - I'm betting you'll hit this one right on the screws. After the post-MW-piece action this afternoon, I can't see how we go down tomorrow especially before the long weekend.
-Chuck
Exactly - as word gets around that MW has covered (whether they have or not), that will cause other shorts to cover as the message will be "we've got nothing left - time to get out and move on"......
Baddump-bump!
HAHAHAHAHA - best one I've heard in a while!!
OK so I'm a pussy......please elaborate on why you think this email is a sign that shorts are screwed this time around. Thanks.
-Pussy
Yeah like by the end of March when the divi is announced......