3 WEEKS
Just give this stock a chance. I know a lot of people are getting antsy and wanting to put their "dead" money into things that are flying right now like TSTC and CAGC. 3 Weeks is all I'm asking.
Hopefully in 3 weeks (3/15) the earnings will be out and everyone will be happy. We need a catalyst. That catalyst is the anticipated earnings report that will capture the attention this stock deserves from analysts and the non-IHUB community. We know what great earnings numbers CCME should be reporting. Most of the public will be learning about CCME for the first time from the upcoming earnings report and will be chasing those shares up.
I know Briefing.com has been covering CCME events. When the earnings come out at least Briefing.com will put out the numbers to their subscribers which should garner some attention.
PAST highlights from Briefing.com
08-Feb-10 11:56 ET
CCME
China MediaExpress trading higher after co announced new framework agreement to operate televisions on buses originating from Beijing Capital International Airport (12.15 +0.63) - Co announced that it has signed a new framework agreement to purchase exclusive rights to operate television screens on all the express buses originating from the Beijing Capital International Airport. The contract is for a period of five years commencing February 1, 2010 and grants it the right to provide television programming and advertisements on all Beijing Capital International Airport express buses, representing 229 buses managed by two bus operators. According to the framework agreement, co will pay a monthly concession fee over the term of the contract in addition to a one-time fee of ~$15K per bus for the acquisition of the operating rights.... Co also announced that it has completed the previously announced redemption of its outstanding public warrants. Co received total proceeds from all warrant exercises of approximately $47 million.
13-Jan-10 08:53 ET
SCANX
Gapping down
In reaction to disappointing earnings/guidance: FMBI -3.2% (also announces proposed $150 mln common stock offering)... Other news: HEV -4.6% (light volume; discloses that it and Fisker Automotive have ceased discussions with respect to the feasibility of a business relationship concerning the Fisker Karma vehicle program), EPB -4.5% (announces 8 mln common share offering), NGLS -4.2% (announces a 5.25 mln share common unit offering), CCME -3.2% (China MediaExpress and Starr International Company announce $30 million private placement), GOOG -2.2% (Google to end China censorship after e-mail breach - AP), LUNA -2.1% (pulling back from yesterday's midday surge higher)... Analyst comments: AFFX -9.5% (downgraded to Underweight at Barclays), ECOL -2.3% (downgraded to Sector Perform from Outperform at RBC Capital; also trading ex dividend), CHU -1.1% (initiated with a Underperform at Bernstein), PCU -1.0% (downgraded to Underperform from Neutral at BofA/Merrill).
13-Jan-10 08:52 ET
CCME
China MediaExpress and Starr International Company announce $30 million private placement (10.64)- Co announced a definitive agreement for Starr International to make a significant investment in CME. Under the terms of the agreement, Starr International will purchase, in a $30 million private placement, 1,000,000 newly issued shares of CME Series A Convertible Preferred Stock at $30.00 per share, together with 1,545,455 of CME common stock purchase warrants. CME intends to use the net proceeds of this financing for working capital purposes including internal expansion initiatives and potential mergers and acquisitions.
29-Dec-09 09:38 ET
CCME
China MediaExpress registration statement on form S-3 declared effective by SEC (11.54 -0.54)
16-Dec-09 11:49 ET
CCME
China MediaExpress files common stock offering in S-3 filing (12.20 +0.18)- Inside today's S-3 filing the co discloses "This prospectus relates to (i) 8,355,000 shares of common stock, par value $0.001 per share, of China MediaExpress Holdings, which are issuable upon the exercise of outstanding common stock purchase warrants issued in our initial public offering pursuant to a prospectus dated October 17, 2007 (ii) 2,100,000 shares of common stock issuable upon the exercise of warrants held by certain of our insider stockholders; (iii) 1,500,000 shares of common stock held by certain of founders of our predecessor TM Entertainment and Media; and (iv) 100,000 shares of common stock held by Sinova Holdings, Ltd. and a transferee party named by such stockholder..."
1 week ... TICK TOCK ... 2 weeks ... TICK TOCK ... 3 weeks ... TICK TOCK ... BOOM!!!
AI
