China MediaExpress Holdings, Inc. (fka CCME)

[Cristo999]

I don't think there is any way that Nasdaq would permit a trading halt of this length over an auditor resignation. A minority investment stake also should have been able to be wrapped up over the weekend, as well as a tender offer. That leaves either a sale of a controlling stake (which would be a complex negotiation involving a full blown acquisition agreement) or something more complicated relating to CCME's financials than Deloitte resigning. If it is the financials, I have to think that CCME has given NASDAQ some assurance that whatever additional disclosure needs to be finalized will be finalized in the near future. A multi-day halt for a financial disclosure is in my experience unusual without at least some preliminary disclosure about the material news.

Interesting that CAGC's halt code relating to a forensic audit and 10-K delay is T12 (i.e. more information requested from Company) not T1. The plot thickens.