China MediaExpress Holdings, Inc. (fka CCME)

[Gamma1848]

The tender offer fairy tale:

I am also trying to grasp onto any semblance of hope in this situation but logically there is just no chance that a tender offer would happen when this stock gets unhalted. It would be healthy for those holding onto that hope moved past their denial.

Imagine the best case scenario where Deloitte was scared off by a minor inconsistency but the earnings are really $3/share and cash is $4.88/share. Would you buy a stock with those metrics at $10 today? Probably, that seems almost too good to be true. What if you had knowledge that the stock was going to drop to $4 tomorrow? If you knew that, then you would wait for the drop before buying. This isn't even investing 101, its logic 101.

Even if the company took seriously its fiduciary duty to shareholders it is illogical that they would pay more than twice what they have to in order to buy back shares. They would rather pocket the difference after their legal expenses.

We have a company that has consistently put its shareholders best interest aside. There is simply no chance that they are going to decide to be charitable upon the unhalt and pay us substantially more than the market would dictate for our shares.

We have a better chance in getting a $0.10/share rebate in a lawsuit. Thats my best case scenario.