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10,000 @ 12.45, nice -
Correct. So much for conservatism.
Buyback and rule 10b-5 -
"It's not up to the SEC, it's up to the courts. If the court deems the Q4 results to be material (and in hindsight, everything is material), there is a real problem. "
When evaluating a material matter an unannounced acqusition, significant earnings increase, etc., of course would be be deemed as inside information which would be considered unfair to the general market if they executed a buyback without public diclosure. But like you say, everything is material. Knowing the 10K results and that they continue the current trend is not that significant. After all, prior to 10K final results they know how they are doing and in Nov. could have likely predicted the actual results within 1-2%. I think some buyback would be legal within 10b-5.
"So someone wrote an open letter to Deloitte" - This wasn't 'someone'. It was a carefully developed hit piece. Please!
When we asked when it can be done. Get real. It's just one quarter added and now we get 2 1/2 months to do it and with all of this turmoil you don't think they have been working full speed.
Pardon me, but I'm still on fire on the Deloite Watch thing.
Perfect and pay Deloite anything they want to make it happen. Actually the 4th would be OK.
With all the money that CCME has, who cares what they have to pay Deloite now in this situation.
"Finding another auditor." That would result in an NT and a big delay. Not going to happen.
Agree, won't happen. Must be indepth and tated as such. Not just a standard bland 10K. Needs non-accountant emphasis on indepth review. But as far as needing two weeks for a climb to a higher level, that seems a dream.
Better get a blood oath from Deloite first -
I would give them a big bonus to get the 10K out prior to the conferences. Feb. 4 or die.
I know. I dream.
Value 1008 is busy developing 'ammo' for a lawsuit or SEC compalint. Many are already providing inputs.
What auditor dropped UTA ?
Note Value1008 is busy. Adding the Deloite Watch will help. If this all goes to Jacky for their legal review, and then the company provides it to the SEC, the company should indicate that they are requesting a waive to exercise their buyback plan to protect their stockholders. Recognizing that the SEC may eventually track the offenders, the company cannot wait and will immediately, Monday Feb. 14, use the buyback program unless the SEC indicates the waiver is not granted.
Nothing can stop these attacks. Only thing is to track the naked shorts, subpoena all of their document and communications and hang them. Chance of that happening, none.
Yep, registered two days ago. Don't worry, the SEC is on top of all this. Oops forgot, they are having Feb. off for their Florida golfing month.
Deloite Watch
Google that and it doesn't show. Wonder when it created? Today. Like this at the end:
THIS WEBSITE IS NOT ASSOCIATED WITH DELOITTE LLP
Value, put this in your research.
Yep, share buyback. Quiet period be damned. What's a little SEC violation among the many that have already existed by the shorts.
Should be using buyback money -
SEC be damned.
Expected this. Shorts afraid of Mondays.
Conferences earlier -
As reported by Brian Hunter (CCME board 15805), "Rodman conference on March 7-8 in Beijing and the Roth Conference on March 14-16 in Orange County, CA" These are first and it was suggested that the 10K would, or should be, released prior to it if possible.
No one impressed with the lawsuits.
Tried to find Variant View Research -
On Google all I got as a hint was:
"Variant View Research
•1/4/11--Paid research report put out by Cohen Independent Research Group (their
disclaimers state that they receive compensation… ...
variantviewresearch.com/ - Cached - Similar"
"That sounds illegal." About time for some on our side.
OK institutions, we're waiting.
Lately, all moments are interesting to me.
Also thought the spike down yesterday at the open was interesting. Lasted 10 seconds. Something loke that can bust through my stop loss.
Why lower in PM? Are they playing there now also?
Agree, dangerous -
As I posted earlier:
"I can understand the SEC position on wanting false and alterd document.-
False and altered documents are undisputable.
Opinions are, of course, opinions.
And failure to see correct data on this site or elswhere is just poor research.
They want the easy proofs."
A few truely false documents in 30 pages of opinion won't get an inditement, IMHO. Even if they found that the offenders were actually talking to short hedge funds and trying to 'fool' the public. The SEC will say, 'So what'. If the public is dumb enough to fall for it that is part of doing good DD. I see the SEC investigation going nowhere except possible bad publicity for CCME.
However, CCME legal actions in China, now that's a different matter. At least for Muddy.
I can understand the SEC position -
False and altered documents are undisputable.
Opinions are, of course, opinions.
And failure to see correct data on this site or elswhere is just poor research.
They want the easy proofs.
Difficult, complex but workable - EOM
IMHO - That will solve the problems - EOM
Ahh, the end of the day games. Just like basketball, only the last three minutes counts. Last trade 22,691 @ 13.70. Nice number.
Gosh, only trading half the float. What's the world coming to?
Have we seen any, that's any, buyouts of a China stock from other than another China company? Could be a government rule, just too hard to manage by foreign company, or maybe they don't want to sell. But for some agressive US firm they might try. It would be something new and likely profitable.
From Shapiro -
Thank you for contacting us. Our current plan is to file a class action complaint on behalf of all persons who have sold CCME shares on or after January 31st, the date of publication of the Citron report.
Recommend to SA, don't post anything where Chinese characters are translated for you if you don't have the capability to confirm them.
Bottom line on Red Flag -
Disclosure: I am short CCME.
Is this the 78th time we have heard the same thing?