China MediaExpress Holdings, Inc. (fka CCME)

[Jtechkid]

Muddy target was 3.60$ and he obvious a scare tactic guy on every company. However, his point is he thought the company was real but overstating their business. If the company is 50% real you still get 4-6$. I think he grossly exagerrates all his claims to bring max fear in the market and his short. No different from Blodget putting price targets 300% above the markets during the bubble.

The simple fact out all the reports Muddy did he was least bearish on ccme business than rest of companies. For those who think its a complete scam.