seriously you CANNOT for one minute lay any blame on CCME for not getting its ducks in a row. They honestly couldnt have courted investors and the market any better if they tried. Show me 1 China US listed stock which conducts themselves is a manner remotely similar to CCME. While your at it name me some better US listed co's
The fact is the shorts rule this stock and your short squeeze will amount to nothing more than a pinch. Once these crooked F%$K wits leave us alone we can get on with the job of a 15-20X multiple but there is little hope of this in the short term. we traded 7M shares today, nearly 75% of the float and we were down hugely. That tells you all you need to know for now
If the insider 100K buy and the divi didnt move the stock do you think conservative guidance and Q4 results will do anything meaningful?
If i wasnt so bloody fascinated by this and the CGS board i wouldnt check the stock price every nano second. My advice. Turn off your laptop and come back in 3 months, if only..........
If I were management I would wait until the second half of the hit piece comes out before responding.
Coming clean here, much to my disappointment I got stopped out of my entire position. My reason for setting the stop was simple. If a hit piece came out (which I felt was inevitable given the size of the short position) I figured I'd be able to get back in at a better price than I sold at. That and profit protection/capital preservation. Something I learned the hard way.
I didn't see anything particularly convincing in the report. The only potential red flag was Citron calling in to question the exclusivity agreement.
In any case I'm on the sidelines waiting to see how things evolve. I have to say I'm relieved that this finally happened so the matter can be settled once and for all. If things shake out as I think they will there is still plenty of money to be made on the way up.
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