CCME/ONP
I totally disagree with the statement CCME will have the similar price action over the next couple months. ONP took forever to finally clear the allegations and there still is doubt over if in fact they ever were cleared (As they wouldn't let the audit commitee see everything, They didn't have a big 4 auditor, etc). Heck that's why I talked to you (Rick) about my residual position in ONP, it would take hundreds of hours for me to review all the evidence and rebuttalls, its just not worth my time.
CCME on the other hand has had so much DD conducted on them by so many parties that I believe when the 10K comes out in March it will absolve all allegations. Its not that people believe the accusations its just that now noone has enough conviction to aggresivly buy (which the clean 10k will provide). Also I would implore the company to conduct either a Point by Point rebuttal that crushes all shorts arguments or Undergo a forensic audit no matter the cost. CCME Must get these allegations behind them as fast as possible to prevent an ONP type price action, also they must take legal action against MW & Citron as it really is a slam dunk case and would set a statement to shortsellers "come after us and get destroyed"
AI
