China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

Yes, a staggering number for sure. Perhaps management was holding off on any non-acquisition cash plays to see if their most recent quarterly numbers would be enough to turn the tide. Now that we know it was not enough, they need to move quickly on a plan to address the assault on their stock.

Like I said in an earlier post, if I'm CFO and I see a short interest for my stock at 20% of the float, I am going to make addressing that situation a top priority. You can't expect to attract sufficient institutional interest under those conditions. Further, it is very concerning for all retail investors, causing excess turnover. I doubt that I am the only person asking myself - "do the shorts know something that I don't?"

Management needs to step up to the plate and shore up this “situation”