China MediaExpress Holdings, Inc. (fka CCME)

[chensiona]

They didn't IPO. Did you just short the stock without doing any DD?

lol, another retail short about to bite the dust. You should have went long.

Why would a company that has 160 million in the bank need to IPO in the US? It makes absolutely no sense. They can generate all the money they need to expand in house, and listing on a US exchange requires going through tons of red tape. Can anyone give me a logical explanation for this?

until someone offers me an explanation for why they would IPO, other then to cash in on ignorant american retail investors (everyone on this board, including myself), I'm going to say they are guilty. All other evidence aside, the only logical explanation for CCME even being listed in the US is to scam US investors.