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China Crescent Enterprises, Inc. Anticipates Buy-In to Cover Possible Short Sales and Potential Price per Share Increase in Reaction to Reg SHO Threshold Security Listing Webcast July 21st to Review Strategy to Reach $0.30 Suggested Fair Value Target PPS
DALLAS, TX -- (Marketwire) -- 07/20/09 -- China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the Company was listed on the Regulation SHO "threshold security" list after the close of trading Friday, July 17, 2009. Management anticipates a possible buy-in that could result in an increased share price.
Regulation SHO Listing Indicates Stock May Have Been Sold Short
Regulation SHO is intended to provide a regulatory framework governing short selling of securities. Regulation SHO is designed, in part, to fulfill several objectives, to include establishing uniform locate and delivery requirements in order to address problems associated with failures to deliver and potentially abusive "naked" short selling (i.e., selling short without having borrowed the securities to make delivery).
A Buy-In and Increased PPS May Result to Cover Possible Short Sales
China Crescent has been added to the threshold security list because a number of stock sales have been transacted but the actual shares have not been delivered. The number of failures to deliver has exceeded the Regulation SHO guidance. China Crescent will remain on the threshold security list until the specified level of fails has not exceeded the Regulation SHO standard for five consecutive settlement days. Any failure to deliver that has resulted from a "naked" short sale may result in a corresponding stock purchase to cover the short position. Stock purchasing to cover short sales can add to the ordinary demand for stock purchases and correspondingly contribute to an increased price per share.
Webcast July 21st to Review Strategy to Reach $0.30 Suggested Fair Value Target PPS
An on-demand Webcast is scheduled for Tuesday, July 21, 2009 to review the Company's recently announced strategy to deliver software solutions to the smartphone and mobile computing market in China enhancing the potential to reach a suggested fair value target PPS of $0.30.
-------------------- Only ONE good stock away from retirement!
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SymPowerco Acquires Majority Stake in HMSI, HHHI Tuesday 07/28/2009 8:30 AM ET - Market Wire
Related Companies Symbol Last %Chg SYMW 0.0009 50.00%
As of 3:59 PM ET 7/28/09 SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the company has closed an agreement with Mr. Steven Humphries and the shareholders of Hoss Motor Sports, Inc. ("HMSI") and Highline Hydrogen Hybrids, Inc ("HHHI") by which the company will acquire majority interests in both HMSI and HHHI. The closing of the agreement completes the terms of the Letters of Intent previously announced on May 11, 2009 (HMSI) and June 30, 2009 (HHHI).
Under the terms of the all-stock agreement, SymPowerco will acquire 70% ownership of both HMSI and HHHI by issuing to Mr. Humphries common shares representing 51% of the post-issuance outstanding shares of SymPowerco, to the shareholders of HMSI and HHHI shares representing 27.5% of the post-issuance outstanding shares of SymPowerco and to related parties shares representing 12% of the post-issuance outstanding shares of SymPowerco.
Hoss Motor Sports Inc. has designed several types of Off Road Utility Vehicles including vehicles designed specifically for Search and Rescue, Construction Sites and for Sport Utility and Off Road Enthusiast markets. Under the SymPowerco umbrella, HMSI will manufacture its advanced vehicles at HMSI's new facility in Dumas, Arkansas.
HHHI has developed a unique supplemental hydrogen fuel system for Internal Combustion Engines that reduces dangerous emissions, enhances fuel efficiency by as much as 25% and increases horsepower by an average of 10%. HHHI plans to release a version of its supplemental fuel system for use on Over-The-Road commercial vehicles. The HHHI products will also be produced in the company's new facility in Dumas, Arizona.
SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets being created by today's energy and environmental challenges. HMSI and HHHI offer potentially expansive synergies and marketing opportunities with SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell and Hybrid Power System technologies.
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck!
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very nice =), heres some more info on the grant released eariler today. Although its nothing ground breaking on it so im not expecting this to boost it much, if any at all =P.
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