Replies to post #16602 on China MediaExpress Holdings, Inc. (fka CCME)

[GorillaGorilla]

Exactly, all baseless. Denying baseless rumours just makes people think there is some fire in the smoke.

As you say, they need to show positive actions - with FY coming up there must be plenty in the locker.

rich

[swampdonkey]

Rich & Mike, i disagree. Why do you think the stock has dropped 50%? In essence because of the accusations of fraud.
They have already refuted these allegations in an interim letter however as timely as it was given the CNY it was far from adequate and certainly not crafted in a professional manner.
The allegations need to be addressed head on, once and for all and i believe that they will be. Of course the nail in the coffin for these idiots is when the 10K has been filed. I dare say the shorts will conjure up even more lies however the 10K pretty much seals it for all of us.
Im hoping that once the divi is done, next month it will be plain sailing for us