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  "docSlug": "2d65bb084b06",
  "documentTitle": "China MediaExpress Holdings (CCME)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2011-03-02 00:00:00",
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  "notes": "The slide uses investigative research to debunk claims made by Chairman Cheng regarding the legitimacy of certain license plates.",
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      "text": "Chairman Cheng’s statements are false.",
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      "text": "Santana vehicle",
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      "text": "Zheng Tian vehicle",
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      "text": "We question the economics of installing hard drives and LCD panels in privately owned passenger cars.",
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      "text": "In contrast, A83822 had actually once belonged to 上海交运巴士客运（集团）有限公司 (“JB”). However, the 上海市公安局交通警察总队车管所 (the “Traffic Administrator”) had previously canceled the license plate. Thus, this license plate is no longer in use.",
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      "text": "We became aware of the possibility that the license plate numbers were fabricated when we showed the purported numbers to one of our operations contacts at JB. He told us that the plate numbers could not be correct because JB had retired all, perhaps save for “one or two”, license plates with a single letter “A” in the plate number; and, further that it had sold the buses that formerly had such plates. He stated that the retirement process had begun in 2006 or 2007. Shanghai used to issue license plates in alphabetical sequence. License plates with a single letter “A” – i.e., no additional letters contained in the license plate number – are among the oldest plates issued in Shanghai. Thus the operations contact immediately knew that any buses with such a license plate number were too old to be in the current fleet.",
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      "kind": "paragraph",
      "text": "See below for representative pictures of the vehicles. We were unable to contact the registered owners to see whether they had CCME hardware installed in their cars.",
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