China Tracker - Safety/Risk Model (Stage One) for China MediaExpress (CCME)

 China MediaExpress
 Going Public
Market Segment:
Going Public: 2009-10-15SPAC 
 Auditor
Auditor: currently none
Number of Auditors (since Jan 1, 2009): 1 
Auditor Resignations (since Jan 1, 2009): 1
 Internal Controls
Internal Controls (Management): not effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 1 
Number of CFOs (since Jan 1, 2009): 1 
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Zheng Cheng): Chairman, CEO 
Ownership Percentage: 36.00% 
 Analyst Coverage
Total Coverage: no coverage
 Indicators
New Shares / Dilution (TTM): 15.43 million67.10%
Short Interest: no data 
Account Receivables (MRQ): $20.34 million0.00%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: YES
 
 Auditor History (since January 1, 2009)
2011-03-11Deloitte Touche TohmatsuResignation
2009-12-04Deloitte Touche TohmatsuAppointment
 Senior Management Trail (since January 1, 2009)
2011-03-11Jacky Wai Kei LamCFOResignation
2009-10-15Jacky Wai Kei LamCFOAppointment
CCME
Media & Advertising
SAFETY/RISK SCORE
4%
EXTREME RISK
Detailed Score: 35.625/750
Current Price:  n/a
F10k Day (2009-10-20): -100.00%$9.20
2009 Close: -100.00%$10.60
2010 Close: -100.00%$15.84
High (2011-08-03): -100.00%$1.50
Low (2011-11-30): -100.00%$0.01
Exchange: N/A
Market Capitalization: n/a
Total Shares: 38.43 mill
Float: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 56.96 mill
Net Income (MRQ): 31.13 mill
Op. Cash Flow (MRQ): 30.75 mill
all financial data provided without warranty