No, this is the same angle as Herb. Both say even if audit, it means nothing. Because no matter what you say, audit is checking consistence and not check for fraud.
This is very similar, because they have position in short or interesting in short, and now the prior attack failed, and 10k is on the door, so they must first make sure if there is any up force, it will be slow. That is, they need to give their troop's flu shot on 10k's effect.
And he mentioned inconsistence of operation. And demand CCME come up 100% clean. Even if CCME comes out 100% clean, none will know if it is or so. Because they will now demand all CCME's up and down string come up clean.
This is just trying to maintain live for short. And give them some times to make sure market stay in certain range. Until someone can come out another round attack, now will be more likely after the earning.
What can company do at this moment? They already states they plan to buy back stock, divident. So they should walk the walk.
They said they will have 3rd party to verify, they should do that. It does not going to let short go away. But it would let them back to their business partner /customer's confidence.
If success by short, the stock will go up and down and based on the operation, it may go up year in year out, but don't expect to see the PE show the same as other company until years later, and the price will be underappreciated for awhile, until
1) few big investor bank get interest in the company, get enough share, and start pump the company.
2) company stocks get enough support and company does most of the thing right, and perform year in year out, the short finally yield.
3) company get beat because of some bad quater or something outside of their control (like China went down), then they can claim company is fraud.
4) someone finds company did something wrong.
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