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  • China MediaExpress Holdings: All Eyes on Deloitte [View article]
    You really need to learn what you're talking about before speaking up. Go to the GH website and they'll be glad to sell it to you. That's all over the internet. They got tired of giving it away with too many links. If you don't want to pay, check YMB or iHub for free links.
    Mar 7, 2011. 03:48 PM | 17 Likes Like |Link to Comment
  • Class Action Suits Could Hurt China MediaExpress [View article]
    Worthy article. In the case of CCME, the shareholders may be already taking your advice. At this point after weeks of advertising, all the firms seem to still be looking for a lead plaintiff. That's a positive in my book.
    Mar 10, 2011. 12:36 PM | 14 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
  • The End of CCME's Fairy Tale [View article]
    Ultimately, if the numbers are real and the cash is real, I don't care if their offices look like the morning after in Animal House.

    Some pictures with the travelogue would have been nice too. Anybody can say anything, and they have. Maybe you too for all I know.

    Here's a bit about the author:
    Mar 12, 2011. 09:46 PM | 12 Likes Like |Link to Comment
  • Unable to Verify Customer Mentioned in Global Hunter Report on China MediaExpress [View instapost]
    As a former ad agency executive, I can tell you that I'd never return your call and would be ticked at any media outlet for asking me to accept contact by someone without capacity.

    From the placing agency's perspective:
    1) Why should I give a hoot about a CCME investor?
    2) Why should I discuss any aspect of my business with some guy who managed to get my number?

    Get a life...
    Feb 25, 2011. 11:27 AM | 11 Likes Like |Link to Comment
  • China MediaExpress: A Shift in Perception, Not Fundamentals [View article]

    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
  • Unable to Verify Customer Mentioned in Global Hunter Report on China MediaExpress [View instapost]
    Would you publish the name and number of your friend at L'Oreal Shangha so anyone who wishes to do so can verify that person's capacity and relationship to L'Oreal? The burden of proof is on you to demonstrate that this person actually exists as you say. Get the point?
    Feb 25, 2011. 11:37 AM | 8 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
  • 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
  • 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
  • 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
  • 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
  • Is Pearson that dim a bulb ... or worse? [View instapost]
    Excellent job of putting Pearson's thinking in its place. On the lawsuits: unless there is a genuine surprise lurking in the 10-K (which I strongly doubt), a first year paralegal could handle the motion to dismiss.
    Feb 23, 2011. 04:04 PM | 4 Likes Like |Link to Comment
  • The Game of Shorting China MediaExpress Has Been Exposed [View article]
    Rumor has always been part of the markets, pushing both ways. I am not sure how regulators can effectively act at the speed of the web, even though I'd like to see it happen.

    What can happen is companies responding at the speed of the web. A successful bear raid can cause damage to a stocks value that lasts for a significant amount of time. This should be recognized by IR departments, with the defense of the stock taken as a core function.

    IR departments should have a "bear raid" plan in place, in the same way every company has a plan for fires, power loss, natural disaster, etc. The attacks are based on false information or false interpretations of information. The company has 24/7 access to the real information. An information web response to an attack, specific and pointed, can be assembled in a matter of hours. Conference calls can be scheduled in minutes. Lack of understanding about a company's metrics, filings and structure can be addressed with investor education. Auditors, while needing time for the audit, can issue a press release saying that they are aware of allegations and are actively engaged in doing their job.
    Feb 14, 2011. 09:14 AM | 4 Likes Like |Link to Comment
  • U.S. Listed Chinese Stocks: Mistreated and Undervalued (Part 2) [View article]
    My hypothesis is that a larger issue is at play in the broad attacks against the Chinese small cap sector. I suggest that as the broader markets find a peak, aggressive funds are pushing down sector values to lock in their potential for out performance as the larger market cools.

    a) It would be challenging to argue that the growth in our markets across the last 7 months can continue unabated for an extended period of time. b) While unfounded bear raids create extreme dips in pps that should be attractive to value investors, price volatility and the risk that raiders claims may be even 1% true (thus creating a significant longer term dip in pps) scares away the small investor and renders the companies "untouchable" for many institutional managers (either by charter or the plain realities of professional risk).

    The net result is that when the bulk of investors find themselves struggling with the chop of a market that is peaking or approaching decline, nimble and unencumbered funds will have already staked their claims in what stands to be one of the few remaining areas of promising hyper growth.
    Feb 13, 2011. 01:09 PM | 4 Likes Like |Link to Comment