Replies to post #31417 on China MediaExpress Holdings, Inc. (fka CCME)

[Motor City Trader]

As far as we know.

[value1008]

I assume so. Interestingly, back in Feb. the "grapevine" via Fernando and Dan from Jacky Lam said that CCME had already brought in PwC and that the latter was doing a forensic audit.

That's where i heard that the co. had also moved some $37M out of China to be used for the buyback and dividend. And then more crap hit the fan and the stock halted.

Who knows what has been/is really going on...?

[BombVark]

I'm out, got between 2.12 and 2.16. Was worried about two things. Resignation of new legal/accounting representation which sadly I consider more likely than good news, and also volume drying up so it would be difficult to sell if we get no news. But I didn't have a large position. Good luck to the remaining longs, it has been quite the trip.