Replies to post #27449 on China MediaExpress Holdings, Inc. (fka CCME)

[Remoteshots]

Indeed, the company has always seemed to be politically well connected, formed in the Olympic ramp-up, etc. As a key strength, that also might prove to be the focal point of its liability. Political interdependence has a tendency to create difficult accounting situations in any culture.

I don't know much more today than I did a couple days ago. The Starr suit is the logical step after the board resignation. The complaint told me nothing. WCTBills "friend in government" is voicing an opinion that's been as common on Chinese boards as it has here (too good to be true, etc.) and provides no additional insight.

If the company submits a plan by the 31st that is accepted, its going to be a bit of a wait.

[stockgenius]

That is nothing. Typically a local communist youth league are looking for project to get involved so he/she can report to the superior of the activity. Kind of like our high school community service program. Kids here can get into a better college if they show more interest in that regard. In China, mostly is the young cadre will get promoted to a higher position.

Overall it is very minor. Kind of old-fashioned if you want to press me to say.