The Skeptical Investor
(Update: see also "2008 China MediaExpress Ad Raises Questions")On February 17, in a rebuttal to some of the negative claims recently made against China MediaExpress (OTCPK:CCME), Global Hunter Securities issued a new research report by its analyst Ping Luo. This latest report is follow-up to earlier reports on CCME by Ping Luo and describes, among other things, her latest review of the company's bank account statements, tax filings, customer contracts, and interviews with customers, during her visit with the company in China. Regarding the interviews with customers, the report states:
In addition to talking to CCME’s direct customers, we called China Telecom Jiangsu Branch, as well as the exclusive advertising agencies for Coca Cola and L’Oreal in the Shanghai region, who are CCME’s indirect customers but confirmed with us that they have placed ads on CCME’s platform.
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