The evidence of fraud is now blatant. Zheng Cheng is a fraud and ran a fraud. Therefore CCME is a fraud. Seasaw was right. Don Monfort was right.
Also, with analyst abandonment, Dong and Jacky resigned, the rats are all leaving the sinking ship. Looks like Starr and others could have been in on it too, who knows? Lots of chance for insider trading. SEC needs to investigate.
Let me be clear, Dong and Jacky's resignations lead me to conclude Zheng Cheng knowingly and intentionally oversaw a major fraud.
I bet Zheng Cheng was selling his shares without filing forms. I would not be surprised to hear Cheng was short and had puts in a secret offshore account.
-Andrew
