FWIW I don't think that is what is going on here. I don't believe these shorts think the company is a fraud, sure they hope and pray it is, that CCME screwed something up, but they don't need that to be the case for their campaign to be successful. With CCME's retail ownership, the current economic uncertainty, the lack of risk tolerance, the anti-China sentiment, we have almost optimal conditions for shorts. The only thing that could make things better for them is another flash crash, a major terrorist attack or swine flu part 2. What a sad life to live, hoping and praying for the demise of others so you can make some money. I'd rather invest in exceptional people doing exceptional things to generate wealth.
Anyway, they are just piling it on with their smear and fear tactics to accelerate the already fragile situation because it works. It lines their pockets. The good news is that CCME can win this fight, and they have already thrown the first counter punch. I have a feeling that a superfly TNT dynamite knockout punch is coming, and it will be CCME standing in the end.
