Replies to post #30223 on China MediaExpress Holdings, Inc. (fka CCME)

[Michael Anderson]

Completely disagree as it is easy to brush off anywhere from 5% to 10% as just minor mistakes. Of course, shorts will try to play it off, but it wouldnt work.

[cfgjr]

1-2%? I mean, seriously, that would classify every publically traded company as a "fraud". A fraud is something that is perpetrated on the investing public that implies premeditative and malicious conduct, intent to deceive, etc. 1-2% to me is nothing more than a balance sheet or income statement item that needs to be restated (oh, originally we said we had $200 million in the bank and we really only have $195 million). If you are going to be fradulant, them "go big or go home". We don't know if it's big, and Cheng certainly hasn't gone home yet.

My point is that for this to be fraud, the issues would need to be a lot greater and we simply don't have that type of insight or information available yet.....and, anyway, how does one express these issues as some sort of percentage.....percentage of what??