Replies to post #24976 on China MediaExpress Holdings, Inc. (fka CCME)

[Shermadog]

Also Ping said that the CEO said DT found nothing significant. Missing millions would be significant in my book.

Really hope they get the story out fully before this starts trading again, so everyone just doesn't trade off fear.

[Johnstone20]

Well I hope the cash is actually there, but I am doubting everything at this point. I guess this has been discussed before, but before I found the board --- if they had the cash on hand, why did they announce a share buyback, but then never buy any shares back?

How do you explain the cash on hand at CCME verified by Ping and Deloitte had to have checked the cash early on in any audit.