Replies to post #27771 on China MediaExpress Holdings, Inc. (fka CCME)

[Traderfan]

Well I guess Starr thought that the company and the CEO are fully legit and honest in october. That's why they probably exercised the warrants. Now they think different. That happens.

[longhorn4lif]

Im driving right now so can't verify but pretty sure they r talking about the shares they bought from an insider who tried to sell on the open market first.

[longhorn4lif]

They are bitching about the 1.5million share they bougght for$ 9 a sh from bright elite and thousand space holdings. Not seeing where y'all think it was warrants or that they are suing for their initial 30 million dollar investment. B nice to see some links from anyone on these.

[longhorn4lif]

Here is a link. They had two private transactions in Oct. for 1.5 million shares and excersised the warrants in December. Here is a link

http://www.ccme.tv/eng/ir/press/p101213.pdf


This is not over their initial $30 million investment which included 3 million prefered shares and 1.5x million warrants and 150,000 shares that were thrown in. They are in arbitration over the 1.5 million shares they bought from Bright and Thousand Space.