Replies to post #30130 on China MediaExpress Holdings, Inc. (fka CCME)

[swampdonkey]

Its a significant development from the company. However given Cheng reluctance to co operate with the board & audit committee in the past one wonders how he will react to the barrage of clarifications that PWC will want to see. The RTO space has imploded and CCME's books will get taken apart.
Im still preparing for the worse, human nature & acceptance but we are as likely to see PWC walking as we are them concluding an audit.

Nonetheless a positive development for once

[RidiculousTrader]

Shouldn't this have been done several weeks ago... what the hell is going on over there....

[bullmarkets]

Koufax:

CCME did not retain PWC directly or at all. DLA Piper retained PWC. It's a syllogism but keeps CCME's influence over the auditor's services removed from CCME influence.

It's interesting though. I like the idea that an above board law firm is watching what an investigating auditor does (as opposed to 'CCME and the Amateur Hour') -- sounds like the name of a 1970's band.

-Andrew