|
|
News Breaks
|
February 9, 2012
|
| 14:51 EDT |  | FMCN |
| theflyonthewall.com: | Focus Media responds to latest Muddy Waters report | | Focus Media Holding responded to the allegations raised in a research report by Muddy Waters dated February 9: "While providing no factual basis to challenge the work of Ipsos or Synovate, Muddy Waters nevertheless continues to allege that the company is double-counting. This allegation lacks credibility...Muddy Waters is now also challenging the size of the Company's LCD network by noting that the network includes a number of LCD 1.0 picture frame devices. Once again, this is not new information...Muddy Waters reiterates its claim that Focus Media overstated the size of its movie theater network in 2007 and 2008, ignoring the fact that Focus Media itself corrected the calculation methodology in its filings starting in 2009...The company is committed to providing full and accurate disclosure to investors and to rebutting any false claims that attempt to undermine confidence in the company's business, management and operations." :theflyonthewall.com |
|
|
News For FMCN From The Last 14 Days Check below for free stories on FMCN the last two weeks.
There are 6 items on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing. |
|
May 24, 2012
|
| 14:53 EDT |  | FMCN |
|
|
May 22, 2012
|
| 12:35 EDT | | FMCN |
| | 12:08 EDT | | FMCN |
| theflyonthewall.com: | Upcoming book to highlight Chanos' short position in Focus Media, ValueWalk says | | The soon to be published "The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds" by Maneet Ahuja will feature discussions with numerous noted hedge fund managers, including Jim Chanos, according to ValueWalk. In the book, Chanos discusses his idea to short China and "specifically mentions Focus Media (FMCN) as a company he believes is committing fraud," ValueWalk said. Volatility in shares of Focus Media is being attributed to circulation of the advance notes on the book. Near noon, Focus Media shares are down 66c, or 3%, to $21.33. Reference Link :theflyonthewall.com |
| | 12:03 EDT | | FMCN |
| | 11:50 EDT | | FMCN |
| theflyonthewall.com: | Focus Media drops 2.7%, or 60c, to $21.39 | | :theflyonthewall.com |
|
|
May 14, 2012
|
| 11:00 EDT |  | FMCN |
|
|
|
|
|
Subscribe for More Information