China MediaExpress Holdings, Inc. (fka CCME)

[bullmarkets]

Doesn't it make you wonder what a company should have to say in its forward looking statements and disclaimers. I never read a disclaimer which explains that a company's CFO has no access to authentic bank records. Nor did any accounting firm ever warn investors of that when signing off on earnings.

Same goes for the risk that bank records are falsified by the bank itself. No one ever warned about that. Yet if this is truly business as usual in China and not an aberration of the norm, I would expect all law firms who write the legalese to specifically warn about this common (even common to the point of being quasi-accepted) practice, with specificity.

The same would go for the securities analysts and the promoters, as well as even the law firms that advise the companies what warnings to include.

Reasonable minds can differ as to whether these specific issues are warned in the disclaimers section of SEC filings of CGS companies.

-Andrew