Value Microcaps Motherboard

[tenenbaum]

CCME -- I'm pretty sure that this risk is not as grave as you paint it. The company does have a license from the central government to be the sole provider of these services on inter city bus routes until 2012. The company also believes that this license will be easily renewed. That, in itself, works in their favor with respect to contract renegotiations. Jacky even addresses this issue directly on the Q2 cc when he mentions that pricing and terms of new bus operator contracts that they have recently signed are not materially different from their existing older contracts' pricing and terms. I agree that it is most likely that there will be some nominal increase to pricing when the contracts are renewed, but I think that it will be worth it for renewing another 5-8 year lockup and doubt that it will have too onerous an effect on gross margins.