I have two questions about CCME.
1- The numbers are unbelievable in any normal US company sense. They did $50m in revenues last Q, but G&A expense was only $200k? G&A expense has to include all management salaries, some office expense, Human Resources, accounting, other stuff. How in the world can you get all those costs under $200k? Does the CEO only make $40k per year?
2- What exactly does this mean?
CME, through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME’s former majority shareholder, operates the largest television advertising network on inter-city and airport express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME receives the economic benefits of Fujian Fenzhong’s operations.
finance.yahoo.com
Hos long does this "contract", which allows CCME to receive all the benefits of Fujian's Fenzhong's operations, last? And why does CCME receive FF's benefits rather than just have CCME own FF, like a normal company? |
