Replies to post #3956 on China MediaExpress Holdings, Inc. (fka CCME)

[pmony5]

yup you got it the smoking gun they fooled Deloitte and Starr by fudging cash that must be it ... By not having another 30K in interest MUST be a fake...WOW....

[Gene_finder]

Rames said that the interests alone can supports 2 cents/share dividend. If the company would managed the cash well and have paid that 2cents, the PPS would be $12 by now.

[UpstateChris]

I would agree with that if, and only if, the funds were deposited into an account with a pre-determined length of time (3 months in this case). I do not know if this is the case, but I seriously doubt it. If you look at the short term rates from places like this:

http://www.thefinancials.com/free/EX_Interest_MajorST.html

they are far less. Also you have exchange rate differences. Finance is not really my thing, but if the rates in the chart that link goes to are APR/APY, and we go with 1 month CD rates than we are looking at 83K/month - then exchange rate difference. While it doesn't match, it is close.

On a different note, if someone was short this they can sit there and pick stuff apart until they find something that either does not match or cannot be easily and quickly explained without a much more comprehensive data set. I would challenge any US company to be able to withstand this level of crap without a single discrepancy discovered. Where do we draw the line? At what point do people just realize "Hey, that is just ridiculous" and ignore the short sellers?