China MediaExpress Holdings, Inc. (fka CCME)

[foggysurf]

sorry to post about YONG but can someone briefly explain how MS new position works:

"... The Investment will consist of the purchase of $50 million of convertible preferred shares convertible into common stock ("Common Stock") of the Company at an initial conversion price of $8.80 per share, subject to customary anti-dilution adjustments and a full-ratchet adjustment in the event of future issuances of equity securities below the conversion price. The conversion price is also subject to upwards or downwards adjustments (up to a maximum of $15.00 per share) based on the Company's reported cumulative net income in the years between 2011 and 2014.."