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Anyone know what liability Cheng has for what he said in that letter, if anything turns out to have been knowingly false statements? RINO management's response to the Citron report was weak and wishy washy. Cheng really came out and made some definitive statements that they were a clean firm and would prove it.
Why do you think they did it ad hoc and unplanned?
Or maybe addressing a lot of that at once is what the halt is all about. That is a ton of stuff to drop on the market at one time. Heck the company halted the stock before they announced the Starr investment.
Definitely a good fit. Had a big volume/ price jump at the open. Hmmm, indeed.
This is a company halt, a T-1. Same as the previous one in October before the good news about the Starr Investment. There was a rumor earlier in the week about a media company wanting to make an investment in CCME.
That first halt was the start of the squeeze. I'm surprised no one else here remembers that.
Didn't CCME get halted a few months back?
I wouldn't give out to much info to this character. He may be here to smoke out the company's strategy on dealing with this issue.
Looks like I'm not the only one thinking that.
Great analysis. I keep forgetting how simple CCME's business is and how relatively easy it is to audit. There are small businesses with more complex business models and structure.
Just had a thought, maybe some of the heavy option activity is related to the CCME buyback program.
None other than buy the rumor, sell the news.
This stock has caused some of my hair to turn grey.
Its probably not a secondary, just an open market purchase. Pretty basic imo.
We are seeing all 3 in action here at CCME right now.
What makes you think someone is accumulating 75% of the common?
Looking at options action today. Whats curious is the Jan 12 $8 calls. There is hardly any premium.
Good analysis. When they sue and the discovery phase begins, they can find out who his clients are, when and how much they paid for the pieces, and then request all their trade transactions. However, a lot may have been done secretly, in cash, under the table, etc. so that they remain anonymous. Oh but at that point the IRS may take an interest in Carson.
What recourse does CCME have here against this? Can they claim a crime has been committed and press charges? Can Block be arrested for anything in China?
Thats an interesting response. Should anything be read into it?
Sure is suspicious that the March 9 put buyers yesterday were so prescient. CCME really makes you begin to believe the short conspiracy theories.
Or buy puts, no matter how expensive.
Amateur hour. How about this scenario. I'm a short on CCME, went so right about $12 as soon as I could after the Citron hit piece. Im underwater now and nothing seems to want to make this thing go down. Matter of fact Im staring down the gun of a possibly blowout 10K in a few weeks. I know what. I'll take a stab at a hit piece and post it on SA. If MW and AL can do it, why can't I. I'm a genius.
Close?
Its the path of least resistance on the cease and desist to insure the website is extinguished. They were using the Deloitte name to enrich themselves.
Using their name as part of the name of their website was probably an infringment of TM.
Shorts'll stay away from that one, its losing money.
None..same here.
Dahbmw are you hanging on too? Just wondering.
I view this as a positive. Naked shorts are cleared out. Confidence returning to the stock.
I think that CCME is the light of day finally thrown on Citron, MW, et al. The glare their reports are under now is demonstrating how weak the analysis really is. In the past, they may have gotten away with it, because no one really dug that deep into what they were saying. They caused a lot of knee jerk market reaction with their insinuating, innuedo filled reporting style, without a lot of rebuttal. The rebuttals by the longs here, who I am extremely impressed with, is shining the light on the quality of these reports and quite frankly its melting them away to insignificance.
Shorts arguments are shamefully weak. Its becoming more and more clear.
http://seekingalpha.com/article/253436-ccme-extensive-research-confirms-it-s-the-real-deal?source=yahoo
The comments on this article are unreal. This Ryuto guy should win the Bill Clinton What's the Defintion of Is Award. Incredible. The most amateur investment and analysis discussion I have ever witnessed in my entire life as both an investor and commercial banker. The shorts apparently are either emotionally ill (BAE/Chimi) or such hack amateurs that now imo, the only way CCME could possibly be a fraud is because they are more talented than a Mission Impossible team and these short side amateur analysts are Mega Million Winner lucky. Added more at close.
Is that in the kit copy? 2,000 busses in Fujian province or is that from another source?
There is something personal/emotional about his take on CCME. Maybe he got an inception from the short hedgies.
I know, I just found this though. At least I know what Im looking for in future reports from the company before adding more.
My post with the links to his comments on SA got removed. I first got started reading his analysis today with his responses to this SA article (link below). He has a quite a collection of posts on SA. What bothers me most is his claim that CCME has no contracts with the advertisers like Coke, etc. only brokers that prepay for the ads. He claims he has tried to get more info on this from the company and they are not forthcoming. He says that confirmation and proof from management on this one thing would clear the company once and for all. Verifiable contracts with large companies paying them for advertising, as its unlikely that brokers are prepaying as much as CCME reports for bus advertising. Maybe GH will provide a satifactory answer to this in their report.
http://seekingalpha.com/article/252611-the-game-of-shorting-china-mediaexpress-has-been-exposed?source=commenter
Yes it amazes me how many posts he has on this subject.
I think we are in the cusp of a Buffet moment right now. China is the juggernaut for the future. CCME is poised to get in early. I heard today that their are 600 million cell phones in service in China, and its early. Very early. Buy China on the dips. CCME is the strongest small cap out there right now.
Totally agree. The responsibility of management is to increase shareholder value. A suit against proven liars is a waste of management time and money. They need to continue to focus on building this Chinese advertising empire. Screw this short term noise.
Audits are extremely thorough and require tracking down not only the cash in the accounts but where it came from. Otherwise the statements don't foot. This is why retaining Deloitte to do the audit is so important and should have dispelled any notion of this type of cash shell game being perped. The organized shorts are preying on the lack of business savvy of those in this stock. It seems to be a serious, profitable business, but held by a lot of those with a penny stock mentality.
anyone running a real business, knows you are right.
Castle in the clouds? Most of the long time posters on here have worked like crazy to answer all the negative points that have been brought up and have done a real good job of it. They pursued it in a professional manner too. Really quite amazing.
They are investors rather than traders.