Replies to post #30188 on China MediaExpress Holdings, Inc. (fka CCME)

[playa55]

I'd take $8.00/sh today. The extra sleep and productivity gains (of not checking this board incessantly) would be worth far more than if this stays halted until Sept and comes out clean.

[Koufax]

That's a great question, and one for which I don't have the answer. I will say that today's announcement was good news, albeit of a very preliminary sort, and yes it did move the needle on what I would sell all my shares for. Today if someone offered me $9.00 I'd be very tempted to sell them all. Before this announcement, $7.50 would have taken 'em.

My prior response to you was aimed at your statement that this was all set up by Starr and that Occam's Razor points to that conclusion, which does not seem plausible.

[FairviewInvestor]

Here, Here.. I'll take $8.

would be great to think that is a foolish thing to say and would be great to look back months from now and say "thank god I held my nerve and didn't sell at $8"

but would I take that right now to close this chapter ?? hell, yeah. up until now, it's 4x more than I've come to grips with expecting...

for me.. today is just another installment in what has been and will continue to be an unpredictable and crazy road.

utter ridiculousness.

btw. Hello, everyone.

[stockgenius]

Eyedoc, I am not as optimistic as you are, but heck, no, I will not take a $8 per share. If CCME is half as real as they are, they worth more than $20 per share.

One need also consider the fact that if they are only half as real as they are, all the earn-out from 2010 should be taken back and no more such shares for 2011 and 2012. So as retailer investors, we are probably better off if the company has not been doing as good as advertised. Less shares is good for my shares.

For now, we only need the truth and no more. Today's news is a turning point for me personally as it restored my confidence in the management. In the end, we can only be redeemed by the truth.

[tothe]

That presents a problem for me, my two GTC's are sitting at $12.80 & $17.50 are looking too low now for snaching 25% trading shares from the two account's cores. :-(
$20.00 seems more attractive as of today in light of the 10M short shares waiting to cover.

[grwiebke]

If it opens on NASDAQ, big gap down (from $12),I plan to double my poistion, betting at leat 1/2 the gap will be recovered.

If it opens on NASDAQ at $12 or above, I am holding to see how high the short squeeze takes them.

I am starting to get this funny feeling this game will not end well for the shorts. To me it feels the balance of collective interests is shifting toward keeping CCME alive. Too much other money at stake for too many interested parties, PWC, Starr, DLA Piper, and more imprtantly CEO had an option to go lights out, which he did not, and chose to spend some serious money to bring them back from the dead, I think he will succeed.

[upwardmo]

I would probably take $7.50 or higher today -- mainly because I have way too much tied up in this stock, and there are plenty of other equally beaten-down stocks I would be happy to put the money in right now.

[Traderfan]

Many people here are quick to forget that half the company resigned, that Starr is sueing CCME in HongKong and in the states. Do you really think that the investigation has a big chance to come out totally clean? Why would then Starr had to sue? Why would Deloitte write an 8k where they basically stated that they have issues with the bank account and about 10 other things? Obviously people are hungry for good news and as soon as something comes out of the company they quickly forget that last few weeks. All IMO.