Replies to post #27029 on China MediaExpress Holdings, Inc. (fka CCME)

[Remoteshots]

In any trade (even the Pinks) one person's perceived junk is another person's perceived opportunity. That's what makes a market a market.

[tothe]

meiharuka..I wish you would elucidate your reasons why you are posting so, please share your DD and ideas with us and not base generalizations.
Here are my CCME opinions based on New Age idealism...my spiritual opinions are inflammatory and have gotten me banned from two HUB boards(BIBLE and Christian Rock Cafe). I am a very dangerous individual to some people because I am not a slave to fear. You see, we don't know how powerful we are when we express our opinions. Every thing that we say sends ripples down the Mandelbrot Set of the Human Collective Consciousness...like pumping, bashing or the free exchange of ideas on this board.

CCME is still generating revenue.
Cash on hand is still there although reduced by US standards of accounting.
Shareholder value will not be reduced by dilution.
The company has few hard assets but it had liquid assets that it wanted to put to work by way of loans like a financial institution but the US accountants said no, no.
So I guess CCME has to have $400M in an account before it can lend out $200M and say it has $200M cash on hand.
So I think the restatement for 2009 will be much less because of the loan outs.
I do not see how this will hurt CCME, it is still a value stock generating monster revenue.
There is no proven fraud, only the appearance of fraud. It is only the anal retentive shorts whom are crying fraud to collect on that 8M short shares can turn into a whopping $95,000,000. The paid bashers for the shorts will continue everything in their power to demoralize investors into selling when the stock opens for trading.

Appearance of fraud seems to be in the difference of the way Banks operate in the US and China.
In the US by way of Maritime Law makes every US citizen a slave to the Financial Institutions from the day they are born until they are dead. The US citizen is under bondage for the rest of their lives.
China operates under Civil Law and its citizens are not under bondage by the Banks yet because Collective Socialism has not completely caved into Banking driven Capitalism. The US corporate Audit Rules are nibbling away at the independence of the China corporations to play by US rules...in other words cradle to grave bondage.
All said is my opinion.