Muddy Waters Presents "Irrefutable Evidence Of Securities Fraud" At CCME, Lowers Target Price To $3.54

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Wed, 03/02/2011 - 12:14 | 1011412 Buckaroo Banzai
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Obligatory Muddy Waters youtube clip: http://www.youtube.com/watch?v=V25iA2XPzuA

Wed, 03/02/2011 - 12:26 | 1011474 Xkwisetly Paneful
Xkwisetly Paneful's picture

The Chinese reverse merger scam is in full swing with the aid of chief enabler NASDAQ, at least two dozen listings are more fraud than not.  Many led by familiar fraudster names like Bennie Wey from years past.

Wed, 03/02/2011 - 13:51 | 1011920 themosmitsos
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I dont see what the big deal is. What the fuck was Broadcast.com? :P

Wed, 03/02/2011 - 14:07 | 1012019 Streetdog
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I don't understand why the market pays attention to these scammers, other than for the laugh.  The video shows a bus line that CCME does not do business with, monitors without the CCME logo and a disguised phone voice from an unidentified female.  Oops, the stock is up for the day.

Wed, 03/02/2011 - 14:27 | 1012116 nedwardkelly
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Man so many tough decisions these days. Buy stock in companies that could be scams, or short stock because someone that could be a scammer told me to... Hmmmm...

Wed, 03/02/2011 - 14:29 | 1012127 nedwardkelly
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If one questions whether it is Muddy Waters, LLC – and not CCME – that has fabricated information and documents, we
point out the following.  Our research director and sole member manager, Carson Block, is a United States citizen with
assets and family in, and significant ties to, the United States.  Although we do not know the extent of CCME
management’s ties to the United States, we venture to guess that they are significantly less than those of Mr. Block.

 

Oh, dudes a yank, so I should assume everything in this report is gospel?

Wed, 03/02/2011 - 16:36 | 1012626 PulauHantu29
PulauHantu29's picture

mmm, so how are they different then most of Wall Street?

Wed, 03/02/2011 - 20:39 | 1013490 billsykes
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So does this site have any merit to refute these claims?

http://ccme-info.xanga.com/

Fri, 03/04/2011 - 12:32 | 1018947 nedwardkelly
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Thanks for the link.

Takeaway is that you shouldn't trust anyone.

Do NOT follow this link or you will be banned from the site!