No the latest is the 16th which would be the 4th business day of the halt and which also coincides with the filing date for the 10K. I'll assume they have until the end of the 16th to file an NT if they need to.
No matter how many angles I look at this from I'm still bullish. Starr, GH, 2010 DT audit and the CEO warning "For the stock market speculators interested in enriching themselves through manipulation, information arbitrage and a “zero sum” gain, all at the expense of our investors, I am certain that their actions will ultimately catch up with them."
The CEO is young and ambitious and he's been insulted and accused of fraud. If any of us were in his position what would we do? I'd expect another final assault on my credibility so the criminals could escape like thief in the night.
Late Friday CCME might have been informed that the audit is completed and signed barring a few minor issues. They supected that the news would leak and the shorts would pull out all the stops to get out while CCME management is sound asleep(think bear raid like before FDA approvals). So they requested a halt and now play possum until the 16th.
What better way would there be to get revenge on the shorts? Sure they could release a statement that everything is on track and the 10K will come out on the 16th, but where is the fun in that? The shorts never gave advance warning and let the company or its investors prepare in advance, why offer the courtesy of mental preparation to the shorts? Just hit them with it unexpectedly. That's what I would do and even though investors suffered for a few days they would praise my tactics in the end.
We shall see if Zheng Cheng is a man of tactics.
