Replies to post #25952 on China MediaExpress Holdings, Inc. (fka CCME)

[supersnivs]

Thanks, I'll reconcile that with my Word document and get it on the Yahoo group board for editing in an hour or so.

[amychan]

I agree to 1 , 2, 6, 7.

3-5 is a little harsh considering they did nothing wrong and incentives should be granted based on performance.


Buyback and dividend are good but not necessary.


May I add that If Greenberg comes out and speak publicly on CCME, that could be a very significant .

[rru2s]

Nice work. Maybe add something about when the audit is finished, management should consider whether appropriate include details in a press release statement, such as, all cash balances were fully verified via forensic audit, all contract bus counts were fully verified, and it was found that allegations related to income and bus counts were completely unfounded, and all advertising billing was based on information correctly representing the contract terms for the period in question (this would prevent advertisers from thinking they were over-billed for bus-airtime-minutes per period).

[hundredwaters]

Re #3: The buyback has always been an if... I would rather just encourage them to act on that original intention rather than further expand it. I anticipate the company needs to retain more capital now (assuming it has any) as my guess is that these events will damage their business in China.

Re #4: A clear statement of cash reserves would be adequate - perhaps in a separate communication - again to acknowledge that the business may have some headwinds now and thus needs cash reserves.