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Piper must know that they can defense CCME well, otherwise, that announcement at this moment seems stupid... if they can't defense CCME well, will any other china small caps buy what Piper is selling?
will never ever recover, unless it can come clean and relist...but will people trust in the company then? even if that happens, it would be several years later...and your shares may be worth $.20 by then...
agree....
I dare not to gamble more~
but if that would happen... why did Cheng hired Piper? That costs him hard cash!
Good for him. He is wasting his life on this board. He always try to educate others and treats jokes seriously! He should do something else more meaningful with his life time other than posting on this board!
Value,
I was seriously thinking to buy another 5K shares something before the close... but I hesitated... I dont know. I dont believe this can go directly to zero without a bounce.
Even CAGC can have a 280% bounce. Given the much higher short interest of CCME, 300% bounce is quite possible at sometime.
I dont believe shorts are gone from this. Not a that easy thing. Remember we had 20M volumn day back in Feburary and pps dropped sharply but short interest kept going up. Only 1.4M yesterday + 4M today... even FUQI had 30-40% bounce days after being delisted.
Can't play large volumn, as the liquidity will trend down from next week. But like several K shares can be easily doubled or trippled from sub $1.
Never dreaming about recover my loss... but better than just giving up.
TELL ME: Who's buying CAGC??
Why not CCME?
What's the short interest of CAGC? while CCME has 87%!!!
Will the bounce start when we hit $1?
Who seriously believe that CCME is worth $0, but CAGC is worth more than that? thus buying CAGC? or just shorts covering? Then why CCME is not going up given a much larger short position?
you know it is fake not by spending time reading through it. You know it is fake by not seeing it anywhere else but only message board!
Andrew,
The most foolish fool knows it is unreal...and you are trying to tell people this truth officially? Why you waste time on this? Have a life man! This only makes you like a real fool!
should be up to $30 a share in a couple of days
1. Fraud
2. Legit
The answer is 1.
Who cares the % of fraud? How to really justify the %? How long can the market rationally realize the % of fraud and value this stock fairly based on the % of fraud/legitamcy?
Your analysis is of no use at all.
Fruad = $2, Legit = $100~, even if only 20% fraud, which I believe so.
But the high short interest rate make cause a short squeeze and that makes another story.
"there is nothing to appeal if the company isn't appealing the denial of its initial compliance plan. "
there are plenty of things to appeal if the company did not submit an initial compliance plan at all.
CME never said that they did submit a plan, so I am 99.99% sure that they did not do that.
there isn't a Chinese version,lOl~
I am also wonder where WCTBILLS is?????Anyone knows?????
he is brain-washed already, save your time.
Big banks also mean nothing. The only way you can trust CCME again, is that you see it getting acquired by FMCN.
even if there is a squeeze, we all know it will be short-lived. Only the first few dumper can get some loss back in the squeeze. All longs will run to the exit if there is one. So, I dont think we can really form a squeeze, unless all longs bear to sell at the same target price, say $10???
If no one sell before $10, then a squeeze is possible, but how can that happen? Human nature is selfish...
except BIDU~
even BIDU is a fraud. They
1. Have no evidence
2. have no capital to short 50% float
That's the sadness of CCME being a small caps.
BIDU actually has a higher likelihood being a fraud than CCME.
In China, everyone can be 100% sure that big companies like BIDU, CHL, PTR can't have 100% legit financials...but wall street favors BIDU...and that makes it hitpieces proof...
I think it is DTT forced the CEO to choose being against them.
DTT just has endless demands. On 3rd March, DTT again requested to verify the cash in bank. I believe they should have done so in Jan, if not earlier.
DTT is greedy and endless here, and finally, CEO knows that DTT just want to find an execuse to resign, no matther what the company do, DTT will always want to look at something else and to cost more time to delay the 10-K...
DTT forced CEO to say "I am fed up with that!!! Get out of here!!! "
If company is really a fraud, why would they still file a 8-k and still look for a forensic accounting firm and still look for filing a 10-k in 1-2 months ?
I am not saying CCME not a fraud. But, when we can just wait and will know the truth soon, why do you want to make an definite conclusion so hasty??????????
Two camps
1. CEO and board directors
2. C.V Starr, Dong, Jacky, DTT
suppose Starr is the boss of shorts! Then shorts know everything insider info from Starr and Dong. Dong knows there must be problems with the corp but probably dont know major or minor. DTT is able to find problems, they can find problems in any company in this world if they intentionally do so, and then use that as an excuse for resignation.
Starr might sold all its holding in 2011Q1 and shorted CCME shares. Also, bought all puts.
CEO was enraged and in order to revenge, he halted the stock.
Dong resigned because she has finished her job as a spy on CCME's board.
Now, damage is done by Starr, DTT and short bloggers....
CEO can't tolerate any more, and let DTT go as they want, also let Jacky and Dong resign. (Jacky may be a victim here, unknown)
Now, CEO need to fight back over.... find a forensic auditing firm to prove company's legitmacy!
DTT is just a tool being used.
It is actually a war between CEO and Starr. Now Starr is leading, but as long as stock being halted, it is too early to call a winner.
Let's see how Cheng Zheng fight back in round 2!!!
CEO halted the stock. So, C.V Starr and its shorts brothers' puts become un-exercisable...so they are pissed off and Dong resigned because of that!!!
CEO halted the stock. So, C.V Starr and its shorts brothers' puts become un-exercisable...so they are pissed off and Dong resigned because of that!!!
I now believe it is C.V Starr behind those shorts. Thus shorts have 100% confidence to short as many shares as they could to tank this stock, all at cost of those faithful but foolish shareholders.
TollFreeAndrew...
I suggest you to stop making any more definite absolute claims.
You pumped CCME, and now it turns out likely to be a fraud. And now you start to claim CCME=fraud, what if it turns out to be not a fraud, but just some tolerable wrong-doing in their bookkeeping? Will you then turn around again and say CCME != Fraud?
Why are you always trying to put yourself in a position which will very likely make you look like a fool at a later time?
Just my sincere suggestion.
DTT did not say CASH doesn't exist!!
It seems that DTT verified Cash. But DTT does not believe in the cash verification process and thus wants to verify cash in some other way? But CEO does not agree!
Am I right here?
Cash not in the bank? That's impossible. Cash must be their and DTT must have verified it.
But the cash in bank might not be company's income. In flow and out flow do not match company's financial? We still dont know.
Maybe CEO has something to hide here, very likely. Maybe CEO was pissed off that DTT uses double standards to do cash verification on CCME in comparison to other firms.
I would say CCME must have big problems, but maybe still only a 10% fraud.
it is time to wake up, dude!
so if DTT did resign because of the potential reputation risk, this is not a outlier case, as you say that 85% of late auditor resignations fall in this category.
Again, like I always say, both longs and shorts are now in company's hand. The destiny of CCME completely depends on what the company ever did, and what they plan to do next.
that's why Jacky walked away (or forced to walk away) and future auditors won't request the same thing because Jacky is no longer in the corp.
of course that's just a rumor before it is confirmed. maybe it will never be confirmed even if it is true.
Government did not yet step in here.
I mean you are crazily naive to think that they would put "DTT resigned after finding nothing" in a PR.
DTT must have find problems. CEO disagrees with DTT and thinks those are not problems and thus he says so. But DTT does think those are problems.
Why DTT thinks those are problems? That's because, if there is no problems, they have no excuse to resign. So, there are problems, but these issues are found out to serve as DTT's resignation excuses. That's why CEO is saying DTT found nothing and resigned because of pressure, but in a future PR, you will see what these issues really are.
You just don't know China. In China, if you have money in the bank, and you can't explain where it came from, you deserve a jail time.
In China, if the police sues you and court sentences you are guilty, it is your rights to prove otherwise.
So, if you can't explain where your big amount money in the bank comes from, then that's assumed from some illegal source by law, and you can be arrested for that.
I live in China for 20 years and you can ask any Chinese. If that's Jacky's father's money, even that's his wife's money, he need to prove that is, when being requested. JMHO
There must be wrong doing which can serve as the excuse for DTT's resignation!!!!
Are you that dumb to really think DTT resigned for no reason?
But I guess~ DTT must have some very unreasonable demands from management~ and management rejected~ so you can't officially say that DTT found nothing and resigned due to pressure~
But from CEO's tone, we can see that DTT was trying to create something from nothing, and then use that as an resignation excuse. So, that's just CEO's thought that DTT resigned because they would not want to risk their reputation. But DTT may not agree with that.
There is a rumor~
DTT wants to investigate Jacky's personal wealth to make sure the money he used for buying that 100K shares is his personal saving. Jacky can't offer a reasonable explanation, because for a guy whose annual income is $80K (probably he made less salary before becoming CCME CFO), it is suspecious that he would spend $1.5M buying 100K stocks. At the very last, Jacky refused DTT's request and thus resulted in DTT's resignation. Jacky failed to show DTT the 1.5M dollors transaction from his bank account to his broker account. That indicates Jacky's purchase is very likely problematic! Jacky resigned and future auditors will never be able to check this and that may save the company from more troubles.
And Jacky's argument is that such investigation is beyond DTT's business, so DTT has no rights to do this. But DTT insists with it, because if that 1.5M is company's money, that's part of DTT's job to look into it. That's one disagreement between Jacky and DTT.
This is from my source but not confirmed.
IMO, if Jacky can't show any property sale or his personal saving account and give a resonable explanation where his $1.5M came from, the 100k purchase is either faked or by using company's money. But~ since he resigned, no one will ever know this. He is no longer part of the company, no one else except the court can request him to explain the source of the money.
i just saw it! Nice DD~ Thank you!!!!
i downloaded it p110314.pdf, right? But I did not see the author in properties~
Is your system windows 7? honestly I dont see it. More instructions please? Thank you!
no! keep halting!
only shorts want it to open now!
we will re-open after CCME proven to be clean!Still a hope.
CEO is still saying that DTT did not find any issues in audit and resigned because of the heat!
no matter who tipped them off~
it is still a good thing we are now halted.
Those shorts who bought massive march puts are now screwed, especially those bought deep OMP. Plus these shorts will keep paying hard to borrow interest for about another 1-2 months. If CCME finally proven clean, $12 is still dirt cheap, I dont think these shorts can eventually cover low in this case, and probably a short squeeze will still be possible. All longs and shorts are in CEO's hand now.
why all responses from HF are talking about China Media Enterprises?
at least 2-3 persons on board wrote to HF, right? How come they can't even get the name right? what the heck is China Media Enterprises and where did they get this name out of?
"The inquiry into whether HF is contracted to provide behind-the-scenes assistance is VERY public information. Therefore you can assume that if HF has such an arrangement with CCME, they 1) know about the controversy surrounding CCME; and 2) have trained the whole company not to respond to inquiries, and 3) CCME can be coded under their computers as ABC corp."
These are just your wishful deductions. There are baseless. Or maybe the only base is Joe's conversation with that accounting guy. (supposing that's true, and I hope that I can trust his credibity as you do.)
But, regretfully, I have to say, such kind of deductions can be very misleading.
At this point, I think only hard facts can speak for themselves. As a lawyer, I think you understand that a fact becomes a fact only when it is fully justified. Are we 100% sure and with unquestionable evidence to say that F-H is CCME's new PR at this moment right before I post this thread? (I am asking 100%, not 99.99%)
You can only answer NO, unless you can show me your proofs now.
Give it a break, fine with me.
found some traslation from Baidu dictionary
1.to look prim and proper
2.pious; sanctimonious; in a dignified appearance
3.an affectation of virtue; sanctimoniousness
Poor translations but you get the meaning!
There is a vocabulary in Chinese "Dao Mao An Ran" and there is no translation in English. Ask your Chinese Friend what does it mean and I think that vocabulary prefectly describes the CEO Cheng Zheng.
Initially it was CCME requested the halt and now it is NASDAQ wants to keep halting the trade ???? Can CCME now cancel the halt without handing in a fully audited 10-K? no way I think!