China MediaExpress Holdings, Inc. (fka CCME)

[Shengli]

We can only pray

from YMB

http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_C/threadview?bn=101061&tid=84739&mid=84739

Semi-Corroborated Knowledge in Beijing

Folks:

We've been working diligently for the past 5 hours attempting to learn any news on the Street in Beijing about the "Halt" ... and then gain some verifiable, corroborated source(s) on these "views" .... what we did discover (and corroborated) was that two independent sources stated that CCME Sr. Mgmt. received a "size-limited" (not a full acquisition) bid proposal to acquire a controlling position in CCME. The proposal was received late in the day on Friday (in Beijing) and Mgmt. was attempting to quickly debrief the Directors on the proposal receipt. There is still one Director who could not be debriefed and with those that were debriefed there were a series of clarification questions assembled. These "clarification requests" are being forwarded to the proposing Party. Too much time was passing late last night ... so at the end of the evening Mgmt., thru consultation with the Firm's new US-based Securities Law Firm requested the NASD to halt trading (T1 Request). We did though receive contradictory information from the Independent Parties -- one was of the view Mgmt. was involved as participating in the Proposal .... but the other Independent Party denied this "view" and stated Mgmt. has had no involvement in the current Proposal being offered.

That is the extent of our knowledge at the moment -- however, given the timing / proximity of this event with next week's Quarterly/Annual release ... has made Mgmt. very nervous -- and thus, they are following the advice and Counsel of a very reputable Legal Counsel in the Firms NYC office.

Hope this helps clarify some of the speculation as we move into the weekend. At his point we have our positions assembled and are not acting upon any of the information set forth today, Friday.