No idea and thats the problem frankly with all of them
However, if you look at every financial crisis on any sector at the bottom nobody has a clue- In the financial crisis who who knew
that BAC at 2.75 then a rally to 17$ or aig reverse split at 7-8$ to a monster rally to 60$- the same with tech bust, India internet fraud, Asia currency crisis, Argentina debt default ect
The only good news is Mr market at bottom discounts everything to oblivion and this sector is no different
frankly, the bad thing is the news and price action is not there in the sector- I have no clue on CCME or anybody else in this group thats 98% of the delisted stocks are under 50cents- Im trying to keep in open mind because every financial crisis is where the big money is made- The big problem HERE is you can only go to zero when you have debt- Debt gets paid before equity so what happens is equity gets wiped out- CCME and most of the group have ZERO debt so in theory even if they overflated revenue, stole money,ect their equity should not go to zero and should recover SOMEWHAT- Thats in theory but we have NEVER dealt with this Chinese thing where it seems a lot of them just want to hide in China and ownership structures of the VIE. China is becoming more open and has bigger internet users than USA- this is not 1960's I find it hard to believe that these guys could just hide in China without some repurcussions from media, internet blogs , lawyers, SEC of China- Im trying to keep open mind not just CCME but whole group-but in reality news has been zero- hoping it changes- Could LINN brothers rip off CCME but have viable company in Hong Kong?
