China MediaExpress Holdings
2 activist/short documents on this target.
Timeline
2011-02-03
Muddy Waters · research note
CCME is a pump-and-dump: reported revenue is overstated ~5x, its bus network is half the claimed size, and management is cashing out — fair value $5.28 vs $16.61.
N4 V2
2011-03-02
Muddy Waters · research note
CCME is a fraud: a recorded salesperson admits doubling the bus count for SEC filings, and Chairman Cheng's rebuttal cited fabricated license plates — fair value $3.54 vs $12.27.
N4 V2