What do you think of this quote from the muddy waters report (page 2):

"We estimate that CCME’s actual 2009 revenue was no more than $17 million versus reported revenue of $95.9 million, an overstatement of over 464%. Note that the SAIC financial statements of the operating company, Fujian Focus Media Co. Ltd., show 2009 revenue of $760,000 (generating a net loss of $920,000), and 2008 revenue of $337,000 (generating a net loss of $890,000)."

Can you explain this variance and have you reviewed these statements yourself?