China MediaExpress Holdings, Inc. (fka CCME)

[gpg]

A few questions for anyone in the know on this. On the China Stocks board, there is a discussion about the risk to CCME once the operating agreements with the different bus lines expire - i.e. the risk of competitors coming in and outbidding CCME. My question is regarding the equipment in the buses that CCME installs. Off the top of my head I think I remember reading that it cost $1000 to equip each bus. Is this capital investment of equipment owned by CCME or do the bus companies take ownership? If CCME owns the equipment in these buses, it would seem they are at a much better competitive advantage to other companies in any future bidding war given their costs to continue business would be much less than the cost of another company to start up. Of course, the lifespan of the equipment installed may realistically not last beyond the lifespan of the operating agreement making this argument void.