The logic that Starr may help share price as side effect
Besides Starr's preferred shareholder status, they have penalty clause on make good revenue and income#. So ccme/cheng must prove that they do get make good number# (or close) to avoid severe penalty. If they want to win, they must present their financial# publicly. If they can't, cheng's share will be wiped out. (together with us retail). So Cheng must fight this for his own right. He can't just go dark unless he has a deal with Starr first. He needs lawyer and PWC to win or settle the case.
Apparently market thinks CCME is fraud by large margin, lose the arbitration and face the penalty by big boys. Of course the fact that retail lost all their hopes (in MOASS or news update) and institution can't hold pink shares drive down current share price. However along the process of CCME vs Starr, information will be published and hope may be rekindled so CCME bounce is inevitable regardless lawsuit outcome. After all CCME business existence in certain scale is proven by MW, GEoinvesting's BOB on the ground, ping luo, the question has always been how much is fraud.
Another less likely possiblity is that Starr may have hedged all along. If they can take control of CCME and ouster Cheng and replace whole management team after arbitration victory. It would be a dark victory. Retail may benefit from the restructure. After all from several advertisement business man's perspective, ccme's business model is not bad at all. It is the management who has problem.
