First item in the most recent upload "1. Due to the failure of your principal financial officer to provide the certifications required by Rule 13a-14 and Form 20-F by the due date of your Annual Report, we do not consider the report to have been filed in a timely manner."
"18. We note that, as of December 31, 2009, you have Paid In Capital of $1.9 billion, Accumulated Losses of $747 million and Investments in and Amounts Due from your subsidiaries and affiliates of $1.1 billion. We also note from disclosures in the condensed financial statements in Financial Statement Schedule I that your subsidiaries and affiliates have incurred losses of $750 million in 2008 and $171 million in 2009. For subsidiaries and affiliates with an accumulated loss and/or paid in capital balance at the subsidiary or affiliate level as of December 31, 2009, please revise to disclose, if true, that these subsidiaries and affiliates are restricted in their ability to transfer all of their net assets to you in the form of cash, dividends, loans or advances." ~ http://sec.gov/Archives/edgar/data/1330017/000000000011005758/filename1.pdf
SEC trying to get FMCN to disclose (... and what confidential correspondence are we talking about?)
FROM ****** "UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ....
Dear Mr. Yang: We issued comments to you on the above captioned filing on September 22, 2010. As of the date of this letter, these comments remain outstanding and unresolved. We expect you to contact us by November 8, 2010 to provide a substantive response to these comments or to advise us why you are unable to respond and when you will be able to do so.
If you do not respond to the outstanding comments or contact us by November 8, 2010, we will, consistent with our obligations under the federal securities laws, decide on how we will seek to resolve material outstanding comments and complete our review of your filings and your disclosure. Among other things, we may decide to release publicly, through the agency’s EDGAR system, all correspondence, including this letter, relating to the review of your filings, consistent with the staff’s decision to release publicly comment letters and response letters relating to disclosure filings it has reviewed." ******* http://sec.gov/Archives/edgar/data/1330017/000000000010063003/filename1.pdf