Replies to post #24106 on China MediaExpress Holdings, Inc. (fka CCME)

[therivetman]

They're not allowed to do that for the reasons you specify

[jwangatusa]

NASDAQ needs some good reason to continue approve it. Just the reason to nuke short is not.

[chitownplmbrbob]

it cracks me up that you made this gibberish a sticky.

[chitownplmbrbob]

it cracks me up that you made this gibberish a sticky.

[bullmarkets]

I'd be happy if they kept this from re-opening before completion of the audit and a total news release. If there's a way to accomplish this, their advisors would know it. If there's no way under these facts, then end of discussion.

They certainly know about the trapped shares you mention as well as the manipulation. If this were the US, there'd be a banner in the WSJ on behalf of shareholders telling company how shareholders feel. Not some FUD nonsense, just statements of verifiable fact and reason. But we're not exactly going to cross the road to buy that Chinese paper, or the ad.

We're not there, we're without the facts, we don't know for sure what the issues are, and we're somewhere between kinda guessing and totally wondering. Not exactly the best position from which to advise management. Certainly not ideal credentials to gain management's ear at this time.

No way to know what they'll do for sure since we don't know all the factors.

Yeah, this is not exactly a post of great revelation.

-Andrew

[Eagle1969]

Mike

I agree that the halt should continue.
But if you plan to send the list of us halters to the company there is another aspect in this that must be addressed.

CCME officers and directors have a number of lawsuits against them now. They turned these claims over to their insurance company and the insurance company hired lawyers to defend them.

Looking at worst case scenario, while hoping none the less for good news, let's assume that now the auditor found something negative.

What they found requires restatement/ revision to past filings /reports.
The auditor wants to report this to the SEC, immediately.
The auditor wants to do this, in part, so that the auditor is not a co-defendant in any suits filed by investors who bought after the auditor discovered the problem. This would happen unless they report it immediately.

The company disagrees with what the auditor wishes to report.
To stop the auditor from reporting CCME requested a halt.
This took the need to report immediately off the auditor's back because no one can buy the stock during a halt.

So now there are discussions between the CCME officers and the auditor over what must be stated in the report.

We must urge Lam to have a complete and thorough explanation IN THE AUDITOR'S REPORT of whatever it is, mitigating it as much as possible but of course truthfully.

The reason for this is--when the halt is lifted and the auditor files, Lam and CCME officers will probably, 90% probability, be advised by the insurance company retained lawyers to say nothing, not a word. They are looking out for the CCME officers/directors and the insurance company's money, not us.

So the fate of our shares will ride on the auditors statement.

In RINO, and I apologize in advance for mentioning it, the primary problem cited by MW was that "many" contracts the company claimed did not exist. We posters and analysts called around and found that of 22 contracts, 20 existed, only 2 did not. Of the 2 the largest represented only 1.2% of company revenues. So it appeared not to be a problem, a tempest in a teapot--BUT after the halt when the auditor disclosed that there was a problem but without the details and the company officers said nothing, no doubt on counsel's advice, so the public/investors/traders never heard that the problem was very small. The halt was lifted and disaster ensued.

So, again, we must tell Lam that he must seek a very careful complete, thorough explanation of any problem, no matter how small it may be, in the auditors report.

GLTA

[Ben549]

It may be a beyond normal approach, per bogey, but it sure feels good to think about, i'm in....

[swampdonkey]

michael i have emailed Jacky to do this.

[FairviewInvestor]

Agree 100% - Stock should stay HALTED however long it takes to release the most favourable result for LONG Investors.

*I don't want to bother Jacky, but will email him if you suggest so. someone PM me with that info or a list I can add myself to, (if one person is in charge of conveying these particular shareholder views)

Best Regards All.

[_Magma_]

Agreed, CCME has to keep stock halted till all is clear, announced and there is sufficient time to digest.

Personally, I hope that will be shorter than month (..April calls).

Jiri

[Doofenshmirtz Evil Inc]

No, certainly Not,

Options expire Friday, I want to know if I win Big or lose my premium. It's not fair to just let them expire.

[chensiona]

Agree that they keep the stock halted until everything is ready. Let them take the time they need even if it's a full forensic audit.

I strongly agree most with a tender offer for anything $10 and above just to set a bottom. I think that's what they may very well be working on but if someone with close contact to management could mention it, it would be the best thing they can do aside from a nearly perfect 10K.

It really is ridiculous that baseless short claims, which have been refuted, have caused so much trouble and might have even delayed the 10K. I wouldn't mind a halt that lasts as long as NEP did, I'd feel bad for the guys with call options but at least the shorts would pay big.