Replies to post #8723 on China MediaExpress Holdings, Inc. (fka CCME)

[pedro45]

Riddle me this. VISN issues 15M+ new shares that FMCN buys....

BEIJING, Dec. 30, 2010 /PRNewswire-Asia/ -- VisionChina Media Inc. ("VisionChina Media") (Nasdaq:VISN - News), one of China's largest out-of-home digital television advertising networks on mass transportation systems, and Focus Media Holding Limited ("Focus Media") (Nasdaq:FMCN - News), China's largest lifestyle community digital out-of-home media company, today announced they have entered into a securities purchase agreement, pursuant to which Focus Media will purchase 15,331,305 newly issued common shares of VisionChina Media at a price of US$3.979 per share, equivalent to US$3.979 per ADS, for a total consideration of approximately US$61.0 million.


....which takes the OS count from around 84M to around 100M, diluting EPS, and the price jumps by 20%.

CME announces they'll pay a divi and oh yeah, by the way, we're also starting B2c business that will add to earnings and everyone here is smiling because the shorts didn't close the stock in the red?!

AMCN, which can't hold a candle to CME, got some love as a ancillary sector play, rising to 18x 2011 estimated earnings. CCME, nothing.

I really am beginning to think the short interest has investors spooked.