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UpstateChris

04/25/11 10:04 AM

#29742 RE: snow #29739

I have to concur with Snow. I would love this to trade on some rational basis, but I believe people will dump at market price sells the moment it opens. Keep in mind that shorts have no obligation to cover immediately while a number of traders are on margin and/or just want out at any cost. If Starr dumps everything at open - if Jacky dumps (assuming he still owns shares) or even if the CEO dumps to keep as much of his scam money as possible, this can go ridiculously low. Then shorts will cover, but if we are bouncing off of $0.15 we *may* see $1.00.

Keep in mind that the "business" and the "trading of the stock" with CCME are almost completely separate things. They do not need the stock to be at any particular price in order to continue to run their business in whatever manner they are doing so. I think the CEO looks at the stock trading as a separate independent division of CCME - and if it fails, oh well. Maybe start again in HK.

At this point I really believe it is a healthy perspective to just assume a total loss and figure out how you are going to deal with it. Anything else is false hope. People do win the lotto, and if you regain anything on your shares just consider yourself extremely lucky.