China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

I am very happy with $41 Mil in net income for 2009. Aside from validating CCME as the real deal, it exceeded analyst estimates and it precludes the 7 million share dilution that would have come if they had beaten the Star agreement target number. The only thing that would have been better than coming in just under that number is blowing it out of the water, but that wasn’t necessary to validate this company IMO.

I suspect that we will see a steady PPS rise from now until the 23rd as all of the shorts who were expecting a VISN like announcement start to cover. Then the next big jump will come from their 2010 guidance, which has the potential to be very significant.

We also have a nice wildcard, an acquisition announcement, in the pipeline and that could send PPS much higher as well. I am very comfortable with where we are, which in my opinion is on our way to $20 in the near future.