Replies to post #71271 on China Growth Stocks

[researcher59]

CCME should immediately begin buying back shares but I have little confidence that they will. They had a buyback program in place back in September when the stock traded as low as $7.58, yet they never bought back a single share. Very disappointing to say the least !

[Risicare]

I bet that MW is expecting a very strong response. They would not have waited till the exact start of the holiday if they didn't.

[Rames]

CCME - Ping Luo is currently in China. She was meeting with CCME just a few days ago (Jan 31). She should be back today or tomorrow, at least she has nothing more scheduled after February 2nd. I reached out to GH a moment ago and they have no immediate comment other than they have personally verified the cash balance at the bank and that Deloitte is the real Deloitte "and not some subsidiary of Deloitte."

This is getting out of hand here. There has to be some action to protect shareholders from BOTH fraudulent Chinese companies AND prematurely released "attack reports" on Chinese companies. This is a popular sports these days, and the main reason for this is that Chinese companies are almost defenseless. They are not organized, not prepared, easy targets to make some quick money with very limited fear of repercussions. I'd call to set a precedent to make this harder. The SEC can't be happy about any type of securities fraud, it should be looking into those people behind all those short attacks and prove that there is not some type of "mafia" trying to defraud investors in U.S.-listed Chinese stocks by an organized, concerted, timed scheme of serial "research reports" about basically defenseless small caps from the other side of the world. I'm not saying there is such a structure behind this, but it is beginning to look more and more that way.

Disclaimer: I am long CNAM, YONG, nothing else in the space. I don't speak for myself here (not losing any money right now)

[swampdonkey]

Rato i concur with you completely and i sense your frustrations. Im a small retail investor who got every friend and family in the book to buy into this company. I have not sold a share, during the last trading 10 minutes i sold my BSPM, AERL and some CKGT to take my position in CCME from 75% to 90$. Im no fool, im not a trader nor a serial investor. I bought the company plain and simple, endless amounts of DD and many calls to Jacky backed in the main part by excellent DD on this board.

As for you thinking CCME told a few lies, unlikely, possibly an exaggeration here and there, we all do it. your frustrations i fear my be getting the better of you, hell we all have suffered from it these last few days

I spent 1.5hrs driving home tonight thinking of my 6 digit paper loss. sickening for sure. What can CCME do, a satisfactory rebuttal point by point would be a start?

However, IMO nothing short of a swift and ferocious legal assault on these guys is in immediate order. CCME can make all the rebuttals it likes but unless one of the bigger china co's take a stand on this Bull$hit once and for all then we are moving targets forever more.

The last 6 days price action has alluded to a clear tactical manipulation of the stock price. Very clear, this is not debatable.

Im hoping that once the dividend an audited accounts are done this will be but a bad dream. For me i will still see my quadruple in 12 months at least from this level but i fear for those younger perhaps naive investors that have lost their shirts by these double Ba$5ards.

Like i said before, if this happened in the UK it would have made the front pages of the FT and our justice system would have had them in front of a judge by now..........

right, i need a big drink

[derek2000]

CCME - Rato, point to point rebuttal is unnecessary. It is well known that nobody wins in a mud fight, except those who sold the tickets before the fight.

The only way to fight is to declare a special dividend. The $30m reserved for buyback should be distributed to share holders as part of the first dividend payment. This shall clear majority of the shorts.