China MediaExpress Holdings Update

14 Mar

I just spoke to a Director in the Listings & Qualifications Department at NASDAQ about CCME, and to pu it simply, right now the stock is still halted under a “T1” halt ie “news pending.”  Per my conversation, there is no automatic switch to another halt status, it’s discretionary, but the next step if CCME stays quiet is to move to a T-12 halt.  The NASDAQ General Council would not comment further, besides to say they, too, are awaiting news from CCME.

I can not imagine any way this ends well for those long CCME.  Glen Bradford, welcome to Wall Street.

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2 Responses to “China MediaExpress Holdings Update”

Trackbacks/Pingbacks

  1. Goodnight & Good-luck: China MediaExpress Holdings « Stone Street Advisors - March 14, 2011

    […] their auditor, Deloitte, an their CFO have quit.  Don’t say I didn’t warn you here, here, here, and I think best, here back on February 3rd, the most popular (by pageviews) day on […]

  2. China MediaExpress Holdings CCME: Goodnight! | Jackpot Investor - July 16, 2011

    […] their auditor, Deloitte, an their CFO have quit.  Don’t say I didn’t warn you here, here, here, and I think best, here back on February 3rd, the most popular (by pageviews) day on […]

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