China MediaExpress Holdings, Inc. (fka CCME)

[CanZen]

New post by WTCBills:
http://ccme-info.xanga.com/

He posts a text message conversation:

Me: Stock has fallen to $2.10.
Cheng Zheng: It'll come up, we are certain.
Me: Best is to release an announcement to privatize the company for $6/share. This way, folks can recover some losses... possible?
(silence)

Assuming this is true, hard to know how Zheng thinks of WTCBills. I'm sure by now he knows that his messages and conversations are circulated and read by US retail investors. Maybe he is keeping the price up to sell more shares? But then why not come out with some positive PR?

I tend to take people at their word, but that is obviously frought with risk. I too have held on to my shares despite the emotional rollercoaster of last week. I'm hoping it turns out to be only a momentary paper loss, but I accept that it could all be gone in a few weeks. If some positive things happen, we may recoup some of our investment.

It is hard to imagine circumstances or sentiment changing when we are all so low and experiencing and imagining the worst of scenarios. Some positive findings for CCME and maybe a few other Chinese companies and things could start a long turnaround. At less than $2 a share, it can only get a little worse from here...