Traderfan, regardless of institutional investor’s potential concerns regarding whether CCME is the real deal or not, keep in mind that there is a huge profit motive for whoever is first in the action. That profit motive is definitely compelling enough for large investors to at least begin the DD process. We've already seen the starter positions from MS and GS, so there is reason to believe that DD process is well underway now. My take is that a MS or GS is going to take the requisite time to fully vet a Chinese RTO that is being heavily shorted because their reputation is worth more than they could ever make in CCME, so they will want it clearly documented that they did their homework. That’s going to take some time, but a lot of time has already passed, so I’m banking on coverage soon.
When coverage comes it will be the final validation for anyone that still may have a shred of doubt. WHEN that happens, I'll be happy to see the word "legitimate" dropped from the board's vernacular because it nauseates me :)
Arguing about CCME's legitimacy feels like arguing with someone that the earth is round. It just shouldn't happen in this day and age.
