Recent

% | $
Quotes you view appear here for quick access.

Focus Media Holding Ltd. Message Board

  • matt.berry01 matt.berry01 Feb 14, 2012 3:02 PM Flag

    article on FMCN and MW

    "Many, however, will feel that even if Focus has not quite lied about the substantial presence of non-digital technology in its LCD network – which comprises about 185,000 displays, including the LCD 1.0 units – it has historically been happy for the differences to go unexplored."
    http://www.screenmediamag.com/screenmedianews/4102-digital-out-of-home-hostilities-resume-between-focus-media-and-muddy-waters

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • As many times as the lies, bluffs, and diversions are posted, that many times will I try to post the actual situation.

      Investment fraud is like a tourist trap. The burned go home and the next victims get off the bus. Up against big money, a single message will not remove the trap.

      Critical Failures don't go away; we just get distracted:

      If you are a pilot with a successful takeoff … but the landing gear has just fallen off, you are not doing your fellow pilots a service by going along with a changed topic. You need to address the problem as many times as others try to divert attention away from it.

      If the enterprise has suffered a critical failure it can only be temporarily polite to change the topic, and temporarily rude to continue to point out the necessary. Time will set the issue straight and return the moral tilt to equilibrium.

      Another dead horse: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=me&bn=75878&tid=19155&mid=-1&tof=-1&rt=2&frt=2&off=1#-1

    • Post away Matt
      We are up to version 6 of 2010 20f
      Ok exaggeration
      Appreciate your digging into the dis information war

    • Matt,

      I do appreciate how you have made the case against FMCN intelligently and with great clarity.

      So far, there are no signs to suggest that the company is about to implode and every sign that they will deliver on future stock buybacks and generous dividends. I think it is far more risky to short this stock than to go long, but to each his own.

      You are saying where there is smoke there is fire. We are saying it is burnt toast and get over it.

      Some longs post the same stuff repeatedly. Then there is you. Thank you for getting the information out there over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over again.

    • I am a private investor. I do not hide behind an anonymous nick. Matt Berry is my real name. My only financial interest lies with the funds I myself have invested. I back my statements with facts, my reputation, and my own money. If I get it wrong, I lose. If I get it right, I win.

      FMCN is my job for 2012 ... unless (1) I find a better short (2.) this all blows up sometime around April 30.

      I'm not going anywhere. Getting the information out there is crucial to allowing investors to evaluate the assets and revenue streams they're are purchasing. That begins with the credibility of the management, which, as I have shown, is clearly lacking.

    • Matt - if you think your so right just let it play out instead posting and bashing 24/7 and wasting everybody time - its very apparent the two sides of this story so your not opening any eyes . Go enjoy your life and if your correct eventually the truth will come out . You post 24/7 which you lose credibility that your just a paid basher from the hedgie's that are short .

    • "My friend in china told me... "

      Really?

      FMCM clearly lied about their theater count.

      The importance of using the 2009 20-F as filed in Dec. 2010 was to show that the company did not change its counting method pre-2009.

      The LCD and Theater counts are tests of quality: Can you trust management claims?

      http://seekingalpha.com/instablog/582827-matt-berry/271092-understanding-focus-medias-lcd-count-scandal-fmcn


      Other very substantial problems with the company involve massive write-downs and made-up companies.

    • Well, let's just say that their disclosure in 2009 20-F is not consistent. The sentence I quoted as diclosing the correct theatre numbers is before the sentence you quoted as incorrect. Yes, they are confusing. I interpret the latter sentence as an error that was there pre-2009 that they didn't catch when they corrected numbers in 2009 20-F.

      Yes, I am not very comfortable with what they did, there definitely have been self-dealings in the past which I do not like. But to dismiss the company as a whole may be too stretched. Because people see for their eyes. My friend in China told me that its screens were all over the places. It is a dominant player in this niche market. It is a company everyone knows in China. I do not think shorting is a good idea.

      I think there is a bias in your reporting of the errors, i.e. not very objective. For example, you emphasize the errors in your research report, but you missed mentioning the correct piece in the same report, that is in conflict with the errors you emphasized. Well, you are a short, which I appreciate that you disclosed in your research report, so people would take your findings with a grain of salt.

    • Matt
      You just don't understand
      Things are different in china
      I know I live there, you know nothing
      ;)

      • 1 Reply to TEC_1998
      • this whole thing is absolutely stupid.

        bottom line - are they still getting paid for displays that aren't actually TV / lcd screens - absolutely yes.

        Can they make a ton of money on it, absolutely yes

        no one is arguing the fact they dont exist or some other nonsense... so they make a killing on pieces of metal or cardboard with a light fixture in it... I see these in the mall, subway, trainstations, movie theaters, phone booths every single day and someone is draging bags of cash to the bank for owning the advert space. ignoring that is stupid, MW screwed this one up big time, it will be over 30 in no time as shorts loose faither the longer MW goes without another release