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Re: finesand post# 40

Saturday, 06/08/2019 11:48:07 AM

Saturday, June 08, 2019 11:48:07 AM

Post# of 59
no amended complain filed, dismissal next

SeaOfSand https://finesand.wordpress.com/2019/06/01/cheetah-mobile-cmcm-performance-update-1/comment-page-1/#comment-430

Yes, https://www.pacermonitor.com/public/case/26324343/Marcu_v_Cheetah_Mobile_Inc_et_al
last update was yesterday one minute before midnight!
Meaning, plaintiff didn’t file the amendment and hence this lawsuit will be dismissed now.
So like the short attack and dismissed lawsuit before, the accusations are all a pile of BS.
...
.. and the plaintiff is done, didn’t file an amendment as checked today.
Notable: Last amendment was filed in between Feb 12 – March 28, exactly when the last recovery ended and the last dive started March 5th.
CMCM’s lawyers, Skadden, Arps, Slate, Meagher & Flom Llp (nyc) are also performing the financial audit to ensure company will finally get out of these accusations with flying colors – they found nothing!
Judge Furman will very highly likely dismiss this case now.

P/E is now scratching 3, truly amazing.



Surprised by this price myself. Hmmm.
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