China MediaExpress Holdings, Inc. (fka CCME)

[lmcat]

CITRON & MUDDY WATERS LIES EXPOSED

Note: This is a cleaned up version of a previous post. Please PM me if you see anything that should be added or corrected.

I sent emails to the attorneys that are investigating CCME. Lots of info and links so use whatever helps you to file the SEC complaint or write your own response to the ambulance chasers.

www.sec.gov/complaint/

You guys are going after the wrong people, there is no fraud at CCME.
CCME is a major holding for many retail investors along with mutual funds and institutional investors.

CCME was named #1 most promising stock for 2011 by Forbes China; it was multiply discussed in Forbes (USA) since it is the top holding of the #1 top stock-picker of past 10 years, Mike Koza, several times featured in Forbes' column Buffetts Next Door. CCME was the top 2011 stock pick for Northland Cap out of 97 ccompanies and for the last several months CCME had carried a top "99" composite ranking at Investors Business Daily (IBD) and was ranked #4 among all international stocks.

The Citron and Muddy Waters reports are full of lies and false and misleading information. They are the ones guilty of fraud and stock manipulation. They FAIL to disclose important information like the fact that CCME is audited by China's top auditor, Deloitte, the same auditor as FMCN and VISN.

Are you going to include Deloitte in your lawsuit for signing off on the audit? They would have to have been completely incompetent in performing their duties/responsibilities or complicit in the alleged fraud.

Before you waste a lot of time/money on this here are a few facts to help you decide where the truth lies.

First - if you don't have a Chinese speaking person on staff - get one!

Let's start here. Below you will discover who Andrew Edward Left of Citron is and his background. Andrew lives at 2666 Hutton Drive in Beverly Hills in a $3,500,000 home purchased around June 2009. It has 3,645 sq. ft on 2 floors, built in 1956.

Sales History (1992-present)
$3,500,000 on June 4, 2009
B: Frank Left (Trustee) - Franklin is Andrew's brother.

Andrew sells stocks short and then releases his "research" aka "dump report" that is full of BS. He was probably paid by some hedge fund or a group of shorts to publish this. He throws in Bernie Madoff's name and calls CCME a Fraud. This is not the type of reporting a legitimate journalist/analyst does.

Andrea Nicole Shomer & Andrew Edward Left were married June 16, 2001 at the Beverly Hills Hotel. She is/was program attorney at ABC Entertainment and Touchstone Television. He is/was CEO and president of Detour magazine.
Why spend your own money, when you can steal it from your comany?
Wow. Running a magazine is tough work, huh? Well, what the hell do you do after losing your company 5 million dollars in 16 months? Here's a crazy theory - how about steal $25k to start up your own website, and fund a short attck on your first victim?

http://stocklemonaide.blogspot.com/2006/06/why-spend-your-own-money-when-you-can.html

The marriage did not last long as Andrea was living on her own by Oct 2004.
ANDREA SHOMER LEFT lives at 9653 Wendover Drive in Beverly Hills in a 3,586 sq. ft. home built in 1976..
Total land value: $1,433,572
Total building value: $547,276
Total value for property: $1,980,848
Recording date: 10/01/2004
Assessment for fiscal year: 2008/2009

Read more: http://www.city-data.com/los-angeles-county/W/Wendover-Drive-1.html#ixzz1D5ojLzHJ

http://www.skweezer.com/s.aspx/-/photos1~blogger~com/blogger/6051/3147/1600/Page1~1.jpg

http://florida.arrests.org/Arrests/Andrew_Left_5278017/ His mother lives in Boca Raton.

Consider the timing of the hit pieces.
Price of CCME rising from $16 to $24 a share put short sellers in massive pain!
Float = 12-15 million shares - SHORT INTEREST = 6.4 million shares
CCME on the Reg SHO list (naked shorts) The 14th day was Feb. 4th (would have forced shorts to cover) http://www.failstodeliver.com/default.aspx
CCME announced they would pay a dividend in 2011
CCME will release earnings report in March.
The hit piece was released at Chinese New Years when the company is closed making it difficult for them to respond.
Published articles about the short squeeze increased the losses for those short the stock.
Shares of China MediaExpress (Nasdaq: CCME) jumped 16% today on an apparent short squeeze. By Travis Hoium | January 27, 2011

After being on the REG SHO list with a deadline of 2/4/11, CCME was removed from the list on 1/31/11, proof the hit piece achieved the desired result, allowing the shorts to cover.
There wasn't any news out from the company today, but TheStreet.com highlighted China MediaExpress as "The Biggest Short Squeeze of 2011" in an article early this morning. And $125 million of the company's stock has been sold short.

http://www.fool.com/investing/general/2011/01/27/china-mediaexpress-shares-popped-what-you-need-to-.aspx

Messages on the Yahoo message board mentioned a bear raid on CCME before any reports were released. How did they know this was coming? Insider information? Did they pay for this hit piece?

CCME's website - http://www.ccme.tv/eng/global/home.php

Citron report states: "advertising on mass transit in China is an extremely well-known and highly visible business. Therefore, there is no excuse for a lack of proper due diligence on CCME."

Hank Greenberg (founder of A.I.G.) and Starr Investment acquired shares of CCME's preferred stock and warrants for $30 million and redeemed the warrants. Starr has a rep on the BOD.

So long as Starr beneficially owns at least 3% of the Company’s Common Stock on a fully-diluted and as-converted basis, the holders of at least a majority of the shares of Series A Preferred Stock outstanding will be entitled to designate one individual (the “Preferred Director”) to the Company’s board of directors (the “Board”). For so long as Starr is entitled to designate the Preferred Director, Starr will also have the right to appoint one director to each of the boards of directors of certain subsidiaries of the Company.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204-10-017463.txt&FilePath=\2010\03\31\&CoName=CHINA+MEDIAEXPRESS+HOLDINGS,+INC.&FormType=10-K&RcvdDate=3/31/2010&pdf=

Do you think CCME could blindside Hang Greenburg? His team investigated CCME for months prior to investing.

Left "claims" " No One in China Has Ever Heard of Them." (I'm sure you have heard of Forbes.)

China MediaExpress Tops New Forbes China “Up-And-Comers” List
Jan. 11 2011 - 6:18 pm |
Verify at:
http://blogs.forbes.com/russellflannery/2011/01/11/china-mediaexpress-tops-new-forbes-china-up-and-comers-list/?partner=yahootix

Jacky Wai Kei Lam, Chief Financial Officer and Executive Director bought 100,000 shares of CCME in Dec. 2010. Who better to know the facts and future of his company than the CFO?
Verify at:
http://www.dailyfinance.com/company/china-mediaexpress-holdings-inc/ccme/nas/4/101244022/html/sec-filings

Here is his email - have someone translate it into Chinese: [e-mail]

CCME profile can be found here: http://www.ccme.tv/eng/ir/profile.pdf

http://seekingalpha.com/article/250498-china-mediaexpress-groundwork-research-and-videos-to-disprove-allegations?source=dashboard_investment-ideas

Here is a research report done by wtcbills, who had his boots on the ground in China researching CCME from Feb. 1 to Feb. 5. It includes several videos and his interviews with bus drivers and ticket agents.

http://ccme-info.xanga.com/

Example of the misrepresentation done by MW showing only 80 buses but in fact this company's website shows they operate 907 buses.



Here is the official provincial government website:
http://www.fujian.gov.cn/zwgk/ghxx/zxgh/201004/t20100428_244593.htm

According to the official document, CCME is among the 15 leading ad corps that Fujian provincial government is supporting during 2010~2012. CCME ranks No.8 in the list.

Do you think all these institutions bought CCME without doing their own DD and research?

Company Details
Total Shares Out Standing (millions): 37

Market Capitalization ($ millions): $513
Institutional Ownership: 11.1%
Price (as of 2/4/2011) 13.89

Ownership Analysis # Of Holders Shares
Total Shares Held: 52 4,078,104

New Positions: 22 1,127,367

Increased Positions: 35 2,462,695
Decreased Positions: 14 304,112
Holders With Activity: 49 2,766,807
Sold Out Positions: 7 181,431

Owner Name
Select a name below for more information. Date Shares Held Change
(Shares) % Change
(Shares) Value
($1000)
ARDSLEY ADVISORY PAR... 9/30/2010 650,000 435,000 202.33% $9,029

D. E. SHAW & CO., IN... 9/30/2010 591,493 218,414 58.54% $8,216

GOLDMAN SACHS GROUP ... 9/30/2010 263,322 212,150 414.58% $3,658

STRAUS CAPITAL MANAG... 9/30/2010 242,800 242,800 New $3,372

VANGUARD GROUP INC 9/30/2010 226,426 4,174 1.88% $3,145

RIVERSIDE ADVISORS L... 9/30/2010 210,000 210,000 New $2,917

CAPITAL GUARDIAN TRU... 9/30/2010 201,973 0 0.00% $2,805

OPPENHEIMER FUNDS IN... 9/30/2010 192,114 191,914 >1,000.00% $2,668

KINGDON CAPITAL MANA... 9/30/2010 191,330 191,330 New $2,658

OXFORD ASSET MANAGEM... 9/30/2010 190,346 (65,460) (25.59%) $2,644

CALIFORNIA PUBLIC EM... 12/31/2010 148,800 127,300 592.09% $2,067

MORGAN STANLEY 9/30/2010 112,574 33,483 42.33% $1,564

STAFFORD ASSET MANAG... 9/30/2010 99,605 82,780 492.01% $1,384

AAD CAPITAL MANAGEME... 9/30/2010 90,000 90,000 New $1,250

INVESCO LTD. 9/30/2010 62,658 (7,317) (10.46%) $870

SPARK LP /DE 9/30/2010 56,900 56,900 New $790

BNP PARIBAS ARBITRAG... 9/30/2010 51,600 51,600 New $717

LAIDLAW GROUP, LLC 12/31/2010 49,755 49,755 New $691

BARCLAYS PLC 9/30/2010 47,446 6,831 16.82% $659

BAILARD, INC. 9/30/2010 37,800 37,800 New $525

BARCLAYS GLOBAL INVE... 9/30/2010 35,504 35,504 New $493

RENAISSANCE TECHNOLO... 9/30/2010 34,900 (17,617) (33.55%) $485

DEERE & CO 9/30/2010 31,300 0 0.00% $435

TWO SIGMA INVESTMENT... 9/30/2010 29,244 29,244 New $406

DEUTSCHE BANK AG\ 9/30/2010 25,154 12,852 104.47% $349

http://www.nasdaq.com/asp/holdings.asp?symbol=CCME&selected=CCME&FormType=Institutional

Both admit they NEVER contacted anyone at the company to discuss their report. Why not? They did some simple desktop Google searches not "boots on the ground" investigations or research. They issued their reports in collusion to manipulate CCME to bring down the price so the shorts could cover. Over on the YMB several members posted that a "hit" piece was coming on CCME so not to worry and short every share you can find! The investors should have had a crystal ball to alert them that something was wrong when the shorts filed to cover while the PPS of CCME continued to rise. The put options confirm the manipulation that took place along with the trading statistics. They had advance knowledge that this was going to be published and that is fraud and manipulation.

Hundreds of millions of dollars were lost by investors because of this and someone should pay but it won't be CCME.

Appreciate your comments on this investigation and show me why Citron and MW should be believed after all this proof otherwise.