Though conspiracies do exist, I think it is also possible to over complicate this. At the end of the day this is about money.
CCME is a great company with great fundamentals, but like many other reverse mergers, it was introduced to the market as a relatively unknown company with a small float and almost no institutional interest. This is a shorty's dream come true, especially when the fear of a double dip recession is "out there" and the target is an emerging market stock.
Load up some message boards with some hired hands and go to town spreading the fear amongst the retail guys - and get paid. That is all that is going on and until we have a significant percentage of the float locked up in more solid hands they can keep this charade going. The trading indicates that there still is not enough big money on the long side to turn the tide so they will keep at it. The shorting started heavily at $12 so they have plenty of time to cover, or so they think right now.
I still maintain that a divi will break it off on them. They don't want to shell out $.20 a share for their millions of shares and they certainly don't want big money to come pouring into the stock. Both would happen with a divi IMO.
