Replies to post #26992 on China MediaExpress Holdings, Inc. (fka CCME)

[livelifefreely71]

I have nothing better to do, so I venture 2 guesses:

1) Bank collusion (collude with bank to produce false statement)

2) CCME providing false bank statements (fabricate bank statement)

Maybe what happened:

DTT informed Jacky that they have difficulty reconfirming the bank balance.

CEO told Jacky to "settle it" by using either the above 2 methods.

Jacky says no way that can be done. So he reisgn and says good luck (if you want to try that stunt)

DTT resigns too.

Knowing the repercussions of the DTT resigning, Dorothy feels that the only way to salvage this is to do a forensic audit to assure that CCME does really have the cash. (She is having doubts already on whether CCME has the cash)

Why 2009 10K shows CCME has the cash? Maybe DTT just relied on the fabricated bank statement w/o further confirming with the bank.

So sue DTT.