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MuddyWaters
Initial Report Date（2011/02/03）Share Price:11.090 delisted
Initial Report Date（2011/02/03）Share Price:11.090 delisted
Muddy Waters Initiating Coverage on CCME – Strong Sell
Details Link > Muddy Waters LLC has initiated coverage on China MediaExpress Holdings, Inc. (CCME) with a Strong Sell rating and an estimated value of $5.28.
By wantattse
Subsequent Report （2011/03/02）Share Price:NA No avaliable price data on this day
CCME: Irrefutable Evidence of Fraud
Details Link > Muddy Waters, LLC has amassed irrefutable evidence that China MediaExpress Holdings, Inc. (“CCME”) is a substantial fraud, and that management is engaging in a cover-up replete with further dissemination of fraudulent information. In light of the nature of the evidence, we believe that a de-listing from NASDAQ is not improbable; further, we believe that management stands to lose additional credibility. We therefore reduce our estimated value by one-third to $3.54.
By wantattse
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