If CCME is relatively legitimate. By that I mean profitable and pushing out close to the cash flow that they have represented, this becomes the obvious best scenario for the CEO. Most of the problems go away, and he then can get back his full control and look into listing on the far less strenuously regulated Hong Kong exchange. If this is the case it has been advantagous for the CEO to run the price down so he would then have to pay less in a tender offer. He also wouldn't need a CFO or a high level accounting group. I would certainly feel better thinking Starr is working with us rather than against us, as I know they would not accept as low a tender offer as I would be out of here. Wish I knew what was being discussed in the arbitration meetings in Hong Kong between the two sides.
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