China MediaExpress Holdings, Inc. (fka CCME)

[chensiona]

gunnar - my confirmation was on March 9th. I don't know or think it's been scuttled and believe it's more appropriate now given our position.

To be be frank, I'm still optimistic, (even though I've accepted mentally/emotionally a total loss) that we might still fare semi-well and I must still give benefit of the doubt to the CEO and Starr until this situation is further explained.

My take on this is that as long as the cash is there and Starr is still on board, with a buy back or tender offer along with FH dishing out the PRs all is not lost.

I do wonder if brokers will go naked for all the puts bought from the shorts with no shares, if they do we may very well have 10 mil or more short shares on top of the naked shares, and if this turns out to be anything except outright fraud then we will live to fight another day.

Just need to wait and see now. Here's hoping Starr gets to choose a bad ass CFO that gets paid $1mil+ a year.