Muddy Waters LLC has initiated coverage on China MediaExpress Holdings, Inc. (CCME) with a Strong Sell rating and an estimated value of $5.28. Muddy Waters, LLC believes that CCME is engaging in a massive “pump and dump” scheme whereby it […]
Management claims the company has grown faster and produced more cash flow than any other US listed Chinese Media Company over the last 4 years. In spite of having spent a mere fraction of what competitors have on infrastructure, CCME […]
By Dune Lawrence Jan. 14 (Bloomberg) — On an April afternoon in 2009, in his home office near Austin, Texas, John Bird was hunched over his computer trying to figure out if a Chinese company some 6,500 miles away was […]
Here is an expanded list of red flags that are commonly used to identify potential fraud, or at least begin the process of vetting the legitimacy of a company’s operations and reporting. A. Financial SAIC documents do not match SEC. […]