Replies to post #33034 on China MediaExpress Holdings, Inc. (fka CCME)

[Michael Anderson]

But are the independent directors really independent? As far as we know, wasnt their only 1 "independent" director?

The hiring of Piper and PWC is definitely not a red flag, but may mean a whole bunch of nothing. Basically, I believe that CCME will dictate exactly how they want the "investigation" to go. Piper is legal counsel for CCME. This is not close to a forensic audit until it is specifically stated that this is going to be a forensic audit. But most likely it is going to be a very selective investigation.