Replies to post #12712 on China MediaExpress Holdings, Inc. (fka CCME)

[pedro45]

Once again the fraud claim circles back to the cash.

We have DT auditing the books with the implicit but not explicit backing of the bank statements. We have GH saying they examined the bank statements and all is good. We do not have Citron mentioning the matter. They disparaged GH's analyst without directly refuting anything she wrote about CME. Naturally they did not mention the participation of a top 4 auditor.

I know Marty has spoken with some credibility on the issue of whether DT's audit is enough to have complete confidence that the bank statements have been verified. I've also read where others have questioned the extent to which the bank statements are verified by an annual audit.

If there is a way for anyone to settle this matter with absolute certainty please do so.