Replies to post #26023 on China MediaExpress Holdings, Inc. (fka CCME)

[Michael Anderson]

The amount of research Starr did prior was more than what anyone else has done, by far. Also, in regards to the deal they got. Dont most quality firms get a much better deal than everyone else to get on board? They are obviously not an MS or GS, but they are respected and makes sense that they got the deal that they got and it makes sense as to why CCME would want them on board.

[swampdonkey]

Given the catastrophic news i'm not surprised that nothing has been announced by the company yet. When it does, any day now then we will have an incline as to whether they are for real or not. If they retain and new CEO, top draw auditor and instigate a forensic audit as alluded to then one must assume not perhaps the worse

[Shengli]

however, what would impel Starr to DOUBLE its stake? one cannot reasonably ignore the facts that Starr:

1. had a key person on the BOD; and
2. had a TON of money invested and elected to invest a TON MORE.


My understanding and correct me if i am am wrong is that Starr had a team member in place under the title of head of internal audit. This person worked right under Jacky .He is the one from Starr who checked the banks balance by going into the bank and physically checking every few months. This is unconfirmed by me and i came to this information second hand . But you dont invest 60 million dollars in China without strict controls .

Having said that i am still very concerned and will be happy to get a %> 50 of my money back .
Overall the board has gone from complete irrational exuberhence to utter despair and the world is ending to putting blinders back on . I hope it is somewhere in the middle. I know i will be criticized for my opinion but honestly i am hoping but still very doubtful.

[Traderfan]

You are right about Starr. These are the known facts. I personally believe that Starr isn't that dumb. They are clearly hedged on all purchases they ever made if there will be any substantial problems in the future.