Replies to post #19648 on China MediaExpress Holdings, Inc. (fka CCME)

[bradford86]

based on my math, with a float of 15M

you have shorts of 7.5M

takes the float up to 22.5M

so, the shorts need to buy back 1/3 of the float from longs who own shares, through the most accusational time in the company's history.

if the company checks out, as i assume that it will. the longs will demand a reasonable valuation for 1/3 of the trading shares. how about $70?

getting off the hook is going to be expensive especially when everyone understands that this company is worth north of $30... as I believe everyone does.

so, really, if you have institutions taking positions and people who know the value of the company buying at these prices... sure we may sell small amounts on the way up, but the shorts have to convince longs to sell back 1/3 of the float!

i can speak for myself and say that when the 10-K comes out, and a dividend, and a buyback, and all the other stuff, i am going to want to sell less at $30 than i do now at $15.