Replies to post #26834 on China MediaExpress Holdings, Inc. (fka CCME)

[RedBull77]

Agree 100%! Most of them knew and the rest strongly suspected.

Guessed??? Not all of them. No way. Some knew for a fact.

[RedBull77]

I'll add to that, saying not only were the shorts correct that CCME was going to tumble, they called it down to the DAY! CCME has been publicly traded for how long? Years? Yet shorts went in deeper and deeper all leading up to the 10-K. They took it to the brink of the REG SHO list, THEN they piled on with ridiculous amounts of March puts, valuations were going nuts! Many were even buying March 5's with only days left 'til execution! A simple Deloitte signature would blow them all out of the water and trigger the biggest short squeeze you're ever likely to see.

Crazy, right? Reckless right? They must be insane! ...I guess not.

They knew.


Guessed??? Not all of them. No way. Some knew for a fact.

[slyestjester]

Bullmarkets

I'm sure you've thought of the possibility that the certainty of Deloitte's resignation came from Deloitte itself. If this shorting based on inside information reaches high up, and I'm quite sure it does--like to Chanos, for instance, I'm sure they have sources within accounting cos.