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  • China MediaExpress: The Most Polarizing Stock in the World [View article]
    I have a list of issues with this article, but I'll go for the easy one on a busy day.

    CCME responded with a detailed positioning letter. Is there any dignity in further escalation to a conference call in response to suspicions raised by "analysts" with no known certifications, phone number or address? They have supplied far more detailed documentation than is at all usual and have audited numbers coming out.

    By the way, your portrayal of quarterly reports is misleading. Technically they are not subject to a audit. But the auditing process is year-round and auditing firms do check-off on quarterly reports. This has been covered in many articles and posts. Your choice to toss it out again is tedious.

    I began on the business side of advertising and "how can this possibly make money" was a #1 question from the finance side. Fact is, with innovative delivery methods opening up alternatives for advertisers looking for cost-effective reach, there is a lot of money to be made wherever you have eyeballs in captive environments.
    Feb 10, 2011. 11:57 AM | 5 Likes Like |Link to Comment
  • Why CCME Fraud Claims Don't Hold Up [View article]
    Solid thinking. Great detail.
    Feb 8, 2011. 02:40 PM | 7 Likes Like |Link to Comment
  • Red Flags at China MediaExpress: Significantly Mismatched Filings in China, U.S. [View article]
    Chimin Sang:

    There is strong evidence that you knowingly or unknowingly based your Seeking Alpha evaluation of CCME on documents that were falsified. Integrity requires a response. Thus far you have hidden comments and remained silent. Man-up or wear the colors that will be assigned.
    Feb 8, 2011. 11:15 AM | 1 Like Like |Link to Comment
  • Red Flags at China MediaExpress: Significantly Mismatched Filings in China, U.S. [View article]
    When will you share your knowledge then? We are eager to learn.
    Feb 7, 2011. 11:13 PM | 1 Like Like |Link to Comment
  • China MediaExpress: A Shift in Perception, Not Fundamentals [View article]
    Can you counter the explanation provided in ccme-info.xanga.com? I would like to learn.
    Feb 7, 2011. 11:05 PM | 1 Like Like |Link to Comment
  • Is China Media Express Still a Buy? [View article]
    I suggest your research is shallow on several fronts. I'll take the easy one first.

    Andrew Left found for false and misleading statements to cheat, defraud or deceive (NFA Committee rule Summary 0253075) and convicted of civil fraud in a different matter (Los Angeles Superior Court Case BC269050).

    As for Sang, he was looking up the wrong businesses due to his lack of understanding of the agreements involved. His commentators have duly addressed this and I suggest you refer to their work.
    Feb 7, 2011. 10:48 PM | 3 Likes Like |Link to Comment
  • China MediaExpress: A Shift in Perception, Not Fundamentals [View article]
    Stocktoyou:

    You do not understand. Approvals do not happen on the Ministry level, the happen on the Departmental level and are endorsed by the Ministry. That's what the red stamp is about. By the way, the "inferior branch" is the one that is appropriate for media communication.

    If you want to speak fraud, show researched and established fraud.
    Feb 7, 2011. 02:15 PM | 10 Likes Like |Link to Comment
  • Red Flags at China MediaExpress: Significantly Mismatched Filings in China, U.S. [View article]
    Mr. Sang:

    A competent author would respond to some of these well founded criticisms. Please give us the benefit of your wisdom and insight. If you can't address them, then quit publishing ignorant and misleading material.
    Feb 7, 2011. 01:34 PM | 8 Likes Like |Link to Comment
  • China in the Midst of a Lewis Turning Point, Coupled With Nasty Inflation [View article]
    Agreed. Over the last few years I have gained considerable respect for the Chinese government's capacity to manage and react.
    Feb 6, 2011. 01:49 PM | Likes Like |Link to Comment
  • Yongye International: Why This Stock's Story Is Too Good to Be True [View article]
    Western science is relevant only to some extent. This is about branding, and branding is what counts. Is the Gucci purse really so much better than the one purchased at Target?
    Feb 6, 2011. 01:32 PM | 6 Likes Like |Link to Comment
  • Red Flags at China MediaExpress: Management Misleads Investors [View article]
    This is an excellent authoritative rebuttal to Mr. Sang's thesis:
    ccme-info.xanga.com/

    My grandfather was a small business man in Chicago. He told me: "You know, it can take two years to get a liquor license. But if you talk to so-and-so and so-and-so, it can happen in 30 days." In some systems its not about contracts, its about influence and position. In fact, position and loyalty will trump a contract at every turn. That's the way it is.
    Feb 6, 2011. 01:12 PM | 1 Like Like |Link to Comment
  • China MediaExpress Holdings: Investors Crushed in Rush for the Exit [View article]
    If you read their release, they are asking for a Lead Plaintiff. That means they're fishing. With no lead plaintiff, you don't have a suit, let alone a class action suit.
    Feb 5, 2011. 12:38 AM | 5 Likes Like |Link to Comment
  • China MediaExpress Holdings: Investors Crushed in Rush for the Exit [View article]
    What keeps getting lost is the nature of the people behind Muddy Waters and Citron.

    Carson Block, Muddy Waters: A graduate of USC Law School, disbarred by the State of California. Worked for his father's home based penny stock firm before moving to Hong Kong to manage a storage facility. Runs any number of web sites focused on slamming a particular stock. Wrote his erroneous opinion on ONP after ONP refused to pay him $300K for a "research study".

    Andrew Left, Citron Research: NFA panel found he made false and misleading statements to cheat, defraud or deceive with conduct inconsistent with just and equitable principles of fair trade (Committee Rule Summary 0253075). Guilty of taking $25,000 from his employer via fraud and deceit. (Los Angeles Superior court Case BC269050). Also appears to be currently charged with petty theft in Boca Raton, FL.

    And we let these characters move a stock. Now what does that say about the rationality of the investment community?
    Feb 5, 2011. 12:28 AM | 14 Likes Like |Link to Comment
  • Is China Media Express Legitimate? [View article]
    CCME's core business model is outstanding. Captive audience, exclusive government backed contracts, exclusive access to free copyrighted content then someone pays them for advertising time.
    Feb 4, 2011. 01:31 PM | 3 Likes Like |Link to Comment
  • Will We Hold It Wednesday? [View article]
    Agree clinger9. The market doesn't pay me for opinions. Follow the price action, work the set-ups. Swim with the tide.
    Jan 5, 2011. 02:33 PM | 1 Like Like |Link to Comment
COMMENTS STATS
33 Comments
167 Likes