China MediaExpress Holdings, Inc. (fka CCME)

[bullmarkets]

How much in the US bank account?

Interesting question-- what is the extent of the US assets under discussion. The CCME motion papers said there was just one bank account in the US. Is that the one they pay fees to US lawyers, certain other professional fees, Membership fees at 24 hour fitness, the YMCA, or wherever the company execs stay when they visit the US to ring a bell, or what? How much money is in that account? If it's truly significant in size, it could possibly reflect the anticipated 5-10% of net profit dividend intended to have been paid to shareholders had the BOD accepted the 2010 financials?

CCME Motion Papers Paragraph 12: "Plaintiff pointed to no transfers out of the Company’s one bank account in the United States that were not made in the ordinary course of business or were in any way
fraudulent."

-Andrew