CCME: It's the End of the Line

New Finance submits:

I am not afraid to admit when I am wrong, and I definitely appear to have missed the boat on China MediaExpress Inc. (CCME). Barring any ground breaking information or chest of gold hidden within the confines of the CCME compound, it looks like CCME has severely overstated many aspects of its business and simply conjured many cash balances. Despite warnings from Citron, Ian Bezek, Muddy Waters, Bronte Capital and pretty much every short on the planet, I was convinced that the stock was just an easy target. My convictions, as I was unable to fly to China on my own, were based on several factors that supported CCME as a legitimate company. Im going to go over them, and see if we can potentially use them looking forward to avoid other scams.

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