China MediaExpress Holdings, Inc. (fka CCME)

[tenenbaum]

Regarding point #4: They only raised 30M with Starr, the rest came from warrants and already-cash-on-hand... But yes they should start spending some of it! Dead cash-on-hand isn't fun. The money is in YUAN, so we would benefit from an increase in the currency.

Do we know definitively that the money they raised from Starr and the warrant conversion has been converted to RMB? I'm obviously hoping so, but I'm not sure of the exact mechanics that they have to go through with SAFE.