Replies to post #24545 on China MediaExpress Holdings, Inc. (fka CCME)

[floridahockeyman]

halts typically last minutes to hours -- not days

so the only basis for this particular halt as I see it is:

1. there has been a tender offer of some sort that needs to be scrutinized/negotiated;

2. the shorties have been hoisted upon their own petards.... and there is an imminent SEC announcement regarding potential prosecution of a civil and/or criminal action vs. certain shorts (the U.S. Atty would have to be consulted on a possible criminal action, and that would require additional time);

3. the COMPANY is about to announce ITS findings concerning illegal shorting and the filing of ITS action (and announce as well that it is cooperating with the SEC and U.S Atty in THEIR respective investigations);

4. the BOD of the company is evaluating a possible privatization plan;

5. Deloitte has disclosed that there needs to be a restatement of prior financials by the company, but it is not fundamental;

6. Deloitte wants to expand the scope of the audit, which would trigger an NT filing and the unleashing of a torrent of additional FUD pieces;

7. any combination of the above;

8. Deloitte discloses that the company is an utter and complete fraud.

Well, despite the haughty assertions of the short crowd, I see #8 as the LEAST likely of all of the possible scenarios, and I see #7 as the MOST likely (for all of the reasons previously discussed and analyzed ad nauseam).

gonna be a very interesting day.... or couple of days... ;-)