Replies to post #29023 on China MediaExpress Holdings, Inc. (fka CCME)

[playa55]

seems to me that based on these rules, CCME (and the lawyers) would be heavily incentivized to let the 31st deadline pass as it gives them an extra month and a half to better prepare. (Unless someone has proof that you need an even stronger case at appeal time.)

This is a situation where an in-person appeal would be most favorable. They can lay out the case that their stock (and their auditor) were hijacked. The pink sheeters who are just too lazy to file or aren't making money probably wouldn't hold up well in front of the appeals board and therefore don't bother.

IMO, this is the perfect mechanism to resolve such a complex issue. It seems odd that you would offer verbal testimony if you were truly perpetrating a fraud of this magnitude.