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China Crescent Enterprises, Inc. 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.

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dutchtrader 20-Nov-2009 10:42 AM
Post Type: Public Public
Dilution kills this company (#1806) 20-Nov-2009 10:42 AM

Today Q3 figures. Again a lot of dilution

 

During the third quarter of 2009, the Company issued 61,607,867 shares of common stock as follows:

·  
In July 2009, the Company issued 18,192,312 shares of common stock pursuant to an agreement to exchange  $363,847 in short-term debt for equity.
·  
In August 2009, the Company issued 25,716,333 shares of common stock pursuant to an agreement to exchange $592,000 in short-term debt for equity.
·  
In September 2009, the Company issued 17,699,222 shares of common stock pursuant to an agreement to exchange $442,481 in short-term debt for equity.

I don't know what is wrong with this company, but the majority of investors is negative.

 

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