Does anybody know what is the status of the case against CCME
http://www.cohenmilstein.com/media/pnc/8/media.1138.pdf

and do we need to do anything to be included as Plaintiff?

Thanks.

seems IB allows to buy.

Let the shorts stuck and pay high interests. Why bother to sell at this ridiculous level??? Just wait for months or one year and see. I believe we have chance to sell at much much higher price.

Do shorts still pay high interests? now the trading volume is extremely low, they are also stucked?

do they still pay high interests?

anything new?

Does anyone know whether IB and chase brokerage are affected by this?

today's pull back volume is very low. Some are nervously selling when they do not see continuous rise today.

Just as Amy said, forget the fluctuations in pennies.

volume is very low on pullback today. yesterday's rise may be due to some leaked good stuff?

Right.

Volume is very low. shorts still need to get out someday.

What is his email at Loeb? Anybody can share?

Anybody can contact Loeb & Loeb and ask whether there are any updates? Are they still representing CCME?

This is insane.

talk to Chinese newspaper, Fujian province government?

People local can stop by and ask what on earth is going on?

Any updates on the 30M buyback and dividend? Any chance the CEO will buy out the company? It is super cheap now.

Thanks Amy. It's nice/warm to know you are still here and sharing your insights. So the investigation/forensic audit by DLA/PwC is still going and doing OK? It is indeed unfair NASDAQ delisted them without proving guilty.

then what is the reason the appeal to hearing panel is denied? it is weird that they do not give another chance just because 10k not on time and independent directors not meeting requirement....

i hope somebody that has contact with the company can confirm the forensic audit is still going and doing OK at this stage? The company is acting like a fool to allow stock crashes like this without any material proof it is guilty.

of course i know we are fools, too.

Is the investigation/forensic audit by DLA/PwC still going on?

re-list to where?

====
hondaboost
Share
Thursday, May 19, 2011 2:03:00 PM
Re: None Post # of 31234
The company says:

Quote:
The Company intends to further appeal the hearing panel's determination.


That means the company is going to seek re-listing.

It sounds good.

8k out. no resignation. Just failure to file 10k etc. any procedure possible for further appeal? confused.

=====
On May 19, 2011, China MediaExpress Holdings, Inc. (NASDA: CCME) (the “Company”), issued a press release, attached to this Current Report on Form 8-K as Exhibit 99.1, reporting that the Company received a letter on May 17, 2011 from The Nasdaq Stock Market (“Nasdaq”) indicating that the Nasdaq Hearings Panel had determined to deny the request of the Company for continued listing on Nasdaq, and will suspend trading of the Company’s shares effective at the open of business on Thursday, May 19, 2011. The Nasdaq staff determined, based on Nasdaq’s broad discretionary authority contained in Nasdaq Listing Rule 5101 and the Company’s failure to comply with Listing Rules 5250(c)(1) and 5605(c)(2), to deny continued inclusion of the Company’s securities on Nasdaq. The Company intends to further appeal the hearing panel’s determination.


Rule 5250(c) relates for failing to file the annual 10K report.

Rule 5605(c) relates to failing to meet the requirement for the independent directors and audit committee composition.

Anyone who is able to reach the company and ask what is going on?

I am confused. Is this the delisting notice/decision?

Or it would be ok when CCME finds a replacement?

Right. If you have his contact, could you please write and remind him this?

I bet he sensed or heard something days (or even weeks) before the halt when things did not go smoothly and jumped the boat. I wish he warned his followers and believers.

I support a letter to CEO suggesting/reminding a tender offer at a price you folks deem meaningful or higher.

With the stock halted, the FTD and short interest numbers are abnormally high, and still rising.
The purpose of the letter is to emphasize that and remind CEO to utilize it. No matter what, I believe It is also to his benefit to drive/keep the share price higher.

We don't know whether such a letter can accomplish anything. But as along as it does not hurt us, it is worth it.

Thanks a lot Amy for the updates. Please keep us posted what you hear.

Can we have another letter to the CEO and suggest that? Right, a tender offer, even at $2, $5... can generate a epic short squeeze because of the FTD and short interest numbers.

what did wctbills say weeks ago? anything new?

Do we need to do anything to be included for the class claim?

if you are really curious, you can easily find out by probing those he talked to (Jacky, Dong, CEO etc included) or those who contacted those.

And I remember people can claim to have "trading" business, such that instead of filing schedule D, file another form and there is no limit regarding reported losses?

Anybody familiar with this?

Is there a limit regarding how many years the loss can be carried over?

Right, just remind him to

1. send in NT ASAP

2. sort things out like new CFO/auditor/10k.

As along as it is not delisted, and new auditor comes in, there is still hope.

The source of the cash is unknown. However I think the cash is there under the
name of the company, even if the company is fraud. The money needs to be
detained there.

Can we find some method to threat/force the CEO to do something to at least
reduce the loss of shareholders, just for the sake of helping himself?

We have nothing to lose now, anyway.

Yes, we should find some method to threat/force the CEO to do something to at least reduce the loss of shareholders, just for the sake of helping himself.

The source of the cash is unknown. However the cash is there under the name of the company,even if the company is fraud. The money needs to be detained there; and maybe we can threat/force the CEO to do something that is helpful to us?

But why so late? The cash should have been verified months ago! What did DTT do earlier???

Can you try to contact WCTBills and as whether he is willing to help translation? He is bilingual and fluent in both languages.

Can somebody who can contact CEO/Star/Board reminds them to send in the NT?

Just read the letter. I think 1, 3 are the most important at this stage. 11 would be very helpful, too.

Maybe also want to emphasize in the letter the most critical thing is to make sure it is not delisted by NASDAQ soon, as it is halted at T12 as of now. Cooperate with the exchange and do whatever they can to avoid delisting.

My suggestion regarding ideas needed to be passed to CEO/Star/Board at this critical stage:

Do whatever they can to
1. Try to stay on NASDAQ and not be delisted soon.
2. Try to stay halted until new CFO/auditor/10k things sorted out.

And
3. Tender offer is the best option to save the company which can be a totally turn around and daunt the shorts.

The most critical things: 1. Try to stay on NASDAQ and not be delisted. 2. Try to stay halted until new CFO/auditor/10k out.

To whoever that can contact the CEO/Star/Board, those are the most important things to remind them.