China Crescent Enterprises, Inc. Short Squeeze Anticipated to Support $0.30 Suggested Fair Value Target PPS China Crescent Enterprises, Inc. Short Squeeze Anticipated to Support $0.30 Suggested Fair Value Target PPS
DALLAS, TX -- (Marketwire) -- 08/18/09 -- China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the upcoming on-demand Webcast scheduled for this Friday, August 21 to review the Company's second quarter financial performance is also scheduled to include a review of the Company's previously announced suggested fair value pps of $0.30. Yesterday, the Company announced that management expects a favorable net income surprise for the second quarter of approximately $1 million, which would make this quarter the most profitable quarter in the Company's history since listing publicly. The Company has recently been listed on the Regulation SHO threshold security list indicating a possible short squeeze. The Webcast on Friday will include a discussion of the possible short squeeze and how the covering of short positions identified by Regulation SHO could support a price per share movement toward the Company's previously announced suggested fair value target pps.
A link to the upcoming Webcast will be available Friday, August 21, 2009 on the Company's corporate website www.chinacrescent.com.
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.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (http://www.chinacrescent.com/)
China Crescent Enterprises, Inc. reported over $40 million in profitable Revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact: China Crescent Enterprises, Inc. ir*chinacrescent.com 214-722-3065
posted
The way this one is trading, it looks like it wants to blow up. huge $$$ amounts coming in on this one, but there is alot of manipulation as even with these buys we are not going up that much, but the key is we are still moving up. I think this will fly very very soon. News is good and who knos maybe .30 is fair value...i will definitely take that!
.0759(1) by .076(1)
almost 20 mil volume, which is about $1.5 worth of stock!
Posts: 1264 | Registered: Jul 2009
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posted
another good catch right away Burberry. looks like i didn't miss out... kind of crazy considering this kind of news for a penny...
Posts: 68 | From: The world | Registered: Aug 2009
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but this one u got to be much more careful with. Volume is definitely coming in but price isnt moving up as much as it should. so this one could go either way. i think it will go up but be careful with this one it could go the other way also
Posts: 1264 | Registered: Jul 2009
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posted
your welcome. i am going to sell here, just get out while i am alittle ahead, may even take a loss. if it gets near .08 then i will buy, it better to be safe then sorry i think.
Aug 19, 2009 09:00 ETChina Crescent Enterprises, Inc. Forecasts 2009 Revenue Growth and Record Earnings With Net Income Results Over $1 Million Through First Six Months Out TodayDALLAS, TX--(Marketwire - August 19, 2009) - China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to release the Company's second quarter 2009 financial results today, August 19th. Management expects the report to include approximately $1 million in net income. China Crescent reported approximately $500,000 in net income during the two previous fiscal years. Accordingly, a quarterly net income of approximately $1 million would represent a substantial milestone in the Company's overall development. Additionally, China Crescent is scheduled to review the Company's second quarter 2009 financial performance in an on-demand Webcast Friday, August 21.
A link to the upcoming Webcast will be available Friday, August 21, 2009 on the Company's corporate website www.chinacrescent.com.Posts: 68 | From: The world | Registered: Aug 2009
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posted
China Crescent Enterprises, Inc. Record Net Income Results Through First Six Months Add to Anticipated Short Squeeze Supporting $0.30 Suggested Fair Value Target PPS Wednesday 08/19/2009 10:00 AM ET - Market Wire
As of 11:45 AM ET 8/19/09 China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to release the Company's second quarter results today, August 19th. Management expects a favorable net income outcome for the second quarter of approximately $1 million, which would make this quarter the most profitable quarter in the Company's history since going public.
The Company has recently been listed on the Regulation SHO threshold security list indicating a possible short squeeze. In an on-demand Webcast scheduled for Friday, August 21 to review China Crescent's second quarter results, management will include a discussion of the possible short squeeze and how the covering of short positions identified by Regulation SHO could support a price per share movement toward the Company's previously announced suggested fair value target pps of $0.30.
A link to the upcoming Webcast will be available Friday, August 21, 2009 on the Company's corporate website www.chinacrescent.com.
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.
Corporate E-mail Updates
To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (http://www.chinacrescent.com/)
China Crescent Enterprises, Inc. reported over $40 million in profitable Revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Latest News Headlines for China Crescent Enterprises Inc China Crescent Enterprises, Inc. Reports $17 Million in Revenue and 200% Net Income Increase to $1.1 Million Thursday 08/20/2009 9:01 AM ET - Market Wire
China Crescent Enterprises, Inc. (OTCBB: CCTR) has filed its second quarter 2009 financial results on SEC Form 10-Q. The Company reported $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. The Company has forecasted profitable revenue growth in 2009 compared to 2008. The first six months results beat management expectations. The Company's financial performance is ahead of the pace anticipated by management as necessary to meet year end revenue and net income growth objectives. The Company reported over $40 million in profitable revenue in 2008.
China Crescent Enterprises, Inc. Record Net Income Results Through First Six Months Add to Anticipated Short Squeeze Supporting $0.30 Suggested Fair Value Target PPS Wednesday 08/19/2009 10:00 AM ET - Market Wire
China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to release the Company's second quarter results today, August 19th. Management expects a favorable net income outcome for the second quarter of approximately $1 million, which would make this quarter the most profitable quarter in the Company's history since going public.
China Crescent Enterprises, Inc. Forecasts 2009 Revenue Growth and Record Earnings With Net Income Results Over $1 Million Through First Six Months Out Today Wednesday 08/19/2009 9:01 AM ET - Market Wire
China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to release the Company's second quarter 2009 financial results today, August 19th. Management expects the report to include approximately $1 million in net income. China Crescent reported approximately $500,000 in net income during the two previous fiscal years. Accordingly, a quarterly net income of approximately $1 million would represent a substantial milestone in the Company's overall development. Additionally, China Crescent is scheduled to review the Company's second quarter 2009 financial performance in an on-demand Webcast Friday, August 21.
China Crescent Enterprises, Inc. Short Squeeze Anticipated to Support $0.30 Suggested Fair Value Target PPS Tuesday 08/18/2009 12:02 PM ET - Market Wire
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced the upcoming on-demand Webcast scheduled for this Friday, August 21 to review the Company's second quarter financial performance is also scheduled to include a review of the Company's previously announced suggested fair value pps of $0.30. Yesterday, the Company announced that management expects a favorable net income surprise for the second quarter of approximately $1 million, which would make this quarter the most profitable quarter in the Company's history since listing publicly. The Company has recently been listed on the Regulation SHO threshold security list indicating a possible short squeeze. The Webcast on Friday will include a discussion of the possible short squeeze and how the covering of short positions identified by Regulation SHO could support a price per share movement toward the Company's previously announced suggested fair value target pps.
China Crescent Enterprises, Inc. to Review 2nd Quarter Financial Performance and Approximate $1 Million Favorable Net Income Event in Webcast Friday, August 21st Monday 08/17/2009 9:01 AM ET - Market Wire
China Crescent Enterprises, Inc. (OTCBB: CCTR) is scheduled to review the Company's second quarter 2009 financial performance in an on-demand Webcast Friday, August 21. The Company plans to release its second quarter financial report on Wednesday, August 19. Management expects the report to include approximately $1 million in net income. China Crescent reported approximately $500,000 in net income during the two previous fiscal years. Accordingly, a quarterly net income of approximately $1 million would represent a substantial milestone in the Company's overall development.
China Crescent Enterprises, Inc. Previews Favorable 2nd Quarter Net Income Surprise in Webcast Presentation on Recent Expansion Into Africa With YTD Financial Report Card Thursday 08/13/2009 9:25 AM ET - Market Wire China Crescent Enterprises, Inc. to Review Expansion of Operations Into Africa in Exclusive Webcast Tomorrow, August 13th Wednesday 08/12/2009 9:27 AM ET - Market Wire China Crescent Enterprises, Inc. Expands Operations Into Africa Targeting Kenya as East African Hub Tuesday 08/11/2009 9:42 AM ET - Market Wire China Crescent Enterprises, Inc. Launches $30 Million Service Contract Friday 08/07/2009 9:01 AM ET - Market Wire China Crescent Enterprises, Inc. Wraps Shanghai Summit Presenting Anticipated Net Income Growth and Increased Earnings per Share Thursday 08/06/2009 8:30 AM ET - Market Wire China Crescent Enterprises, Inc. Kicks Off Summit Meeting in Shanghai With Focus on Increased Earnings per Share With Over $40 M in Revenue Anticipated for 2009 Tuesday 08/04/2009 9:02 AM ET - Market Wire China Crescent Enterprises, Inc. to Review $2 Million Hong Kong Project Benefit on Balance of 2009 in Shanghai Webcast Monday 08/03/2009 9:02 AM ET - Market Wire China Crescent Enterprises, Inc. Announces Shanghai Webcast to Preview Q2 Results and Expectations for 2009 Revenue and Earnings to Top $41 M in Profitable 2008 Revenue Thursday 07/30/2009 9:15 AM ET - Market Wire China Crescent Enterprises, Inc. Announces $2 Million Contract With Hong Kong Software Company Tuesday 07/28/2009 9:25 AM ET - Market Wire China Crescent Enterprises, Inc. Gears up for Increased Growth in Second Half of 2009 With Commencement of Services on $30 Million Outsourcing Contract Thursday 07/23/2009 9:36 AM ET - Market Wire Search Stock News
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posted
.011 buys coming now...after that we have 1 at .0119 and then 2 at .013 and then 2 at .02 after that we can really move
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