I have never posted on this board before because I have felt that I had nothing to add to all the wonderful and informative posters here. However, I received in the mail today a request from Robbins Geller Rudman to participate in a law suit alleging CCME failed to disclose material adverse facts about the Company’s true financial condition, business and prospects. This has so irritated me that I wanted to vent just once.
I keep reading that CCME has had responded to all the attacks. This just does not seem correct to me. The letter submitted my management in February stating that is audit was progressing on time and that management stood by its business was extremely important. The company’s willingness to have Global Hunter examine its business and verify its bank balances and customers is extremely important. Anyone with any statistical background knows that 100% accuracy in a 50% sample is sufficient to prove a case. Given the law suit mailing I received today, it seems certain to me that CCME’s lawyers have instructed management to wait until the audit and earnings are release to say anything more. It is so obvious to me that this company will prove to be honest and a buy of a lifetime. This law suit is despicable. I wish I could take the other side of it. Thank you all for letting me vent. Dan
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