Replies to post #32595 on China MediaExpress Holdings, Inc. (fka CCME)

[T-R1]

Very interesting indeed.
I think everyone agrees that CCME case is very high profile. It's all over the news and now even reached the front page of WSJ (at least I heard it was on a front page).

The fact that Piper released the news of this special team (sounds like special forced, lol) at this point in time is very positive for CCME IMO. If CCME was a total fraud they would resign first, give it few weeks for the dust to settle and only then release this special team news. Who knows, things may be going so "well" with CCME that they will eventually spin CCME case as an example/advertisement.

I have no doubt that CME did something illegal/fraudulent but the fact (I think this is a fact) that Piper still haven't resigned and now released this news, gives me a bit of hope that things may not be as bad. At least not going dark.

In any case, this is great news for the entire sector. I want to start buying the clobbered stocks of promising companies. But first they have to stop going south 3-4 out of 5 days.

[Motor City Trader]

It could be Piper's looking for CCME.PK to become the poster child for their success in defending the sector. We just don't know...