China MediaExpress Holdings, Inc. (fka CCME)

[Traderfan]

I think it becomes more and more clear what the CEO is up to here. He plays for time. He does everything to not trade again too soon, but at the same time he didn't do anything meaningful for the shareholders in the background yet. So why is he appealing?

It's clear he needs time. Maybe he tries to bring back the money he took out of the company or maybe he tries to hide something else which takes more time but there is a reason for his behaviour. And the reason is most certainly not because he didn't do anything wrong.

I expect that he will play this game as long as the Nasdaq doesn't delist them. He will probably announce a new fake auditor and a new CFO and all this crap soon. Then he can get even more time. I wish I knew what kind of deals he is doing in the background.

I think it's ridiculous beyond imagination how the Nasdaq is behaving here. Like you said most longs always thought it's a good thing that it will stay halted for weeks and weeks but what if it's like you said, what if the situation gets worse and worse and you guys get less and less once it opens? That's a possibility as well. Just imagine the CEO would retire tomorrow. Not that I think that will be the case but who knows. Nobody knows whether the situation improves or even gets worse from here. People should be able to trade on the most recent information. Heck why don't we halt all stocks on Nasdaq in general and wait for more information out of the companies? That's just ridiculous.


The downside of the extended halt is that the longer this goes on the more damning the news and its accumulating. Marco has just resigned but what else will come out to hammer the price further when we return to the pinks? At this rate we would have been better off trading on Tuesday as planned