Replies to post #27629 on China MediaExpress Holdings, Inc. (fka CCME)

[palindromy]

That is because the outrageous penalties are mostly in the heads of delusional longs.

In any event, the lawsuit covers shares bought from the Lin brothers which are not covered by the original agreement in any way. They are suing for the earlier investment through arbitration, where they will likely demand the ability to put to the management at a price that gives them a 23% IRR.