Focus Media Holding Limited (ADR) (NASDAQ:FMCN)
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The Company is an out-of-home multi-platform life-style media company, which operates the out-of-home advertising network in China using audiovisual flat-panel displays.
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Focus Media is a fraud. They deliberately overstated their market presence and revenue opportunities. If you cannot trust their accounting (management team), you cannot trust their ability to continue as a going concern because it is impossible to guess at the depth of their deception.