Replies to post #22292 on China MediaExpress Holdings, Inc. (fka CCME)

[joenatural]

If a company like FMCN wants to buy shares of CCME in the open market, that's the best news possible ........

"This rumor is suspicious. If CCME has cash, why is an investment needed?"

[Traderfan]

True, often these rumors are just that, rumors. In the case of CCME it would proof the legitimacy of the company if FCMN buys a few shares at these prices so no matter how much cash they have that would certainly a very good news but at this moment it's all fiction only so far.

Amazing that the put premiums remain extremely high.

[Texbanker]

Its probably not a secondary, just an open market purchase. Pretty basic imo.

[bigpike]

The cash is not "needed" but it give validity to the company--in a year the company can offer to buy them back