Replies to post #27235 on China MediaExpress Holdings, Inc. (fka CCME)

[ccmeshareholder]

Yup. The spotlight is on Cheng and only Cheng. I believe that it's stupid for someone fraudulent to agree to a forensic audit if he's got something to hide. So if Cheng agrees to it, that's good news. We'll know in ten days.

[saltvine_00]

Are they not just looking for a 'late filing' form here?

Its interesting to take a look at dyp to understand what might have to happen with ccme. After DTT was fired from DYP, DYP attempted to hire a few auditors and they all REFUSED to sign on until their internal investigation and forensic accounting was completed.

So I would expect a late filing form here, announcement of an internal investigation. After a forensic account has been completed, and a new cfo hired, then ccme can get a new auditor and proceed to be compliant. This could take many many months, and its likely a sec investigation will slow it down more (dyp only informed investors recently even though sec started in nov!).

I am going in with very low expectations with this process but i don't think ccme gets delisted anytime soon. All assumptions and guesses here