Replies to post #32855 on China MediaExpress Holdings, Inc. (fka CCME)

[floridahockeyman]

huh?

you can't be serious

there are serious financial improprieties at CCME. DTT didn't create 'em, didn't cause 'em, and they didn't contribute to 'em.

Frankly, had mgmt simply cooperated with DTT, DTT would not have resigned....

or Jacky...

or Dorothy....

or Kung....

CCME/Zheng has been sued, and there's no question in my mind that the suit will be successful (my fall-back position, BTW).

At this juncture, CCME/Zheng is in severe crisis mgmt mode. If they can complete the forensic audit, recover the cash that may have been lent out to others, and produce audited financials that are 60%+ of what the company had represented, then the shares will be worth a lot more than $2. If this does NOT occur, the shares could be worth even less than what they can be purchased for now.

Personally, I think the likelihood is fair that the company will come reasonably close to what I have suggested needs to happen, but I could be seriously mistaken. All I have at this juncture to predicate encouragement upon are the facts that: Piper/PWC are still on the job some 45 days into their engagement despite a very significant cost to the company for carrying on this little exercise (clearly the single most important fact), Nussbaum's article was published, the WSJ article contained some favorable comments (as well as some UNfavorable ones, tho).

No one should invest in this stock unless prepared to lose everything. I'm riding it out, but hindsight tells me that I would have been much better off had I dumped on the first day at $4+/-, and then bought back my shares at $1.50+/- (don'tcha just love that cocky hindsight?)

[otatais]

You’re betting on a binary outcome i.e. there is no or only minimal wrong doing v’s outright fraud.
You are in the same position as longs were before the halt, who were waiting for the binary outcome of a clean 10K or whether the shorts would have made the correct bet.

Trying to insinuate the motives for the actions of DTT or Cheng does not constitute DD.

What happened was DTT resigned for lack of co operation and Lam and Dong resigned for that same lack of co operation. That should indicate where your mistrust should lie and it ain’t with DDT.

Don’t make the mistake of betting too much as many of us longs did before. Because you are betting, not investing.
There is, and has been, no news.