CCME - Email reply from Jacky Lam
Hi Adam,
Sorry for the late reply as I am busy traveling. Pls refer to the following for my response.
1. Mgt is actively arranging a lot of meetings and conferences with the investors. Regarding the transfer to the NASDAQ, we are discussing this but due to the confidentiality, I cannot disclose anything to you.
2. The cash will be used for potential M&A and the new outdoor media projects.
3. We do not have a specific target number of new buses for 2011 and 2012 right now.
Regards
Jacky Lam
My Questions To Him:
1) Publicly Listed Company: I believe management has good intentions with regards to raising shareholder value and I was just wondering what steps they are taking in order to achieve their goals? The investing community does not seem to understand CME or it's underlying value, and I don't think it helps that CCME is traded on the AMEX. Will CCME move to nasdaq? How is management generating institutional awareness?
2) Use of Cash: Is all the cash on hand (and cash generated from operations) going towards the expansion of CME's network, or is management still pursuing an accreditive acquisition?
3) CME is targeting 30,000 buses in their network by the end of 2010. Does management have any targets for 2011 and 2012?
-Adam
"Impatience is the companion of the doubting mind" Unknown
