Outdoor Advertising - Citron said CCME was not shown in a Top 10 list.
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The short sellers may yet be right about CCME, but I think the odds are with Mike.
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Thus, I would not expect CCME to be mentioned in the same breath as these other companies.
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First, they resigned from the RTO firm China MediaExpress Holdings (CCME) in March after saying they had lost confidence in management.
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Focus Media is a big outdoor (billboard) advertiser and would thus would appear in many lists that CCME would not appear in.
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He attests that Wall Street firms do not cover CCME because the company did not use an investment bank to take it public in the United States.
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Plus they operate in the big cities that reporters are based in, whereas up until 2010, CCME had no big-city presence (in 2010, CCME entered the airport express bus market).
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Right now has significant investments in several Chinese stocks including China Media Express Holdings ( CCME) , a Hong Kong based company has a television advertising network displayed on buses and other urban areas.
Although the 2010 audit is not yet finished, perhaps CCME and Deloitte could make public some of the details from the audit plan regarding the methods used verify revenues and cash balances in 2009 and 2010.
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However, Mike draws comfort and understanding from the fact that Starr International, headed by Hank Greenberg (the former CEO of AIG), made an investment in CCME after putting the company through four months of intensive due diligence.
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