Reganwould: Thank you for posting legal case documents. Lines 8, 9 and 12 start to lay some foundation for what CCME's attorneys may well plan to argue and what may possibly even be the truth. They are to the point and a welcomed read for every CCME shareholder. This is the first time CCME expresses in a court-filed legal document that the claims against CCME are based on short sellers concocted anonymous self-serving allegations, and that Dong's resignation was also self-serving.
From Paragraph 8: "Plaintiff claims that the Company is a fraud. With minor exception, Plaintiff bases these serious allegations not on its own knowledge or investigation, but on the claims of others, most of whom are either anonymous bloggers, short sellers who stand to profit by driving down the stock price, or persons believed to be working in concert with short sellers. The minor exception noted above refers to Plaintiff’s quotation from the resignation letter of a former Company director. Those comments are entirely self-serving, however, coming as they do from Plaintiff’s designee on the Board and only days before the Complaint was filed."
-Andrew
