China MediaExpress Holdings, Inc. (fka CCME)

[Jtechkid]

The auditors failed everyone more than ccme :

These guys are basicly clowns and DTT in china should be bankrupt .

The simple fact they audited previous results then panicked over pressure from basicly the shorts .

The shorts basicly harassed and threatened DTT to a point that they caved in . If there were no blogs DTT would have signed off on 2010 numbers .

In the staar lawsuit ccme states DTT wanted them to do a forensic audit because of the shorts and the media around ccme . Wctbills stated the new information DTT was now asking was completely over the top .
Staar lawsuit was more based on what the shorts said not anything factual .

If ccme agreed with DTT that they needed to do forensic audit the stock because of the uncertainty would be 4-6$ until it was complete . If it's your Company and your previous audit ask for say 1,000 paper trails then a year they come back and ask for 9,000 because of rumors is not fair . Ccme stated that they wanted to get the information but didn't have enough time . Listen cheng is idiot and he made bad decisions based on this outcome .

However , if you read between the lines at any cost was DTT going to sign off on their numbers without a forensic audit because of mostly pressure from the shorts - anyway you look at it the stock would have got killed because they were not signing off on it . Piper started that division because frankly every Chinese Company might need investigation from somebody piper to verify the business and be proactive in suing bloggers . If DTT had guts they would have sued MW based on 2009 audit but they completely caved in .