Here is something juicy:
CHINA CRESCENT ENTERPRISES, INC.
14860 Montfort Drive, Suite 210
Dallas, TX 75254
INFORMATION STATEMENT
September ____, 2010
WE ARE NOT ASKING YOU FOR A PROXY AND
YOU ARE REQUESTED NOT TO SEND US A PROXY
To The Shareholders of China Crescent Enterprises, Inc.
This information statement is being provided on behalf of the Board of Directors (the "Board") of China Crescent Enterprises, Inc. (the "Company") to record holders of shares of our common stock ("Shareholders") as of the close of business on the record date of September ___, 2010. This information statement provides notice that the Board has recommended, and holders of a majority of the voting power of our outstanding common stock have voted, to approve the following items:
Proposal 1: To amend the Company's Articles of Incorporation to increase the authorized common shares of the Company from one billion (1,000,000,000) to three billion (3,000,000,000).
This information statement describes, in more detail, the actions being taken and the circumstances surrounding the Board's recommendation of the actions.
The actions for Proposal 1 will become effective as of the filing of an amendment to the Company's Articles of Incorporation with the Secretary of State of Nevada.
The Company will bear the expenses relating to this information statement, including expenses in connection with preparing and mailing this information statement and all documents that now accompany or may in the future supplement it.
Only one information statement is being delivered to multiple shareholders sharing an address, unless the Company has received contrary instructions from one or more of the shareholders. The Company will undertake to deliver promptly upon written or oral request a separate copy of the information statement to a shareholder at a shared address to which a single copy of the information statement was delivered. You may make a written or oral request by sending a written notification to the Company's principal executive offices stating your name, your shared address and the address to which the Company should direct the additional copy of the information statement or by calling the Company's principal executive offices. If multiple shareholders sharing an address have received one copy of this information statement and would prefer the Company mail each shareholder a separate copy of future mailings, you may send notification to or call the Company's principal executive offices. Additionally, if current shareholders with a shared address received multiple copies of this information statement and would prefer us to mail one copy of future mailings to shareholders at the shared address, notification of that request may also be made by mail or telephone call to the Company's principal executive offices.
2
The information statement is being provided to you for informational purposes only. Your vote is not required to approve the action described above. This information statement does not relate to an annual meeting or special meeting in lieu of an annual meeting. You are not being asked to send a proxy and you are requested not to send one. The approximate mailing date of this information statement is September ___, 2010.
We appreciate your continued interest in China Crescent Enterprises, Inc.
Very truly yours,
/s/Philip J. Rauch
Philip J. Rauch
Chief Financial Officer
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and:
At September __, 2010, the Company's has 904,232,117 shares of its common stock issued and outstanding. The Company is authorized to issue up to 1,000,000,000 shares of its common stock. The Company has outstanding equity instruments that convert into shares of its common stock. If such instruments were to be exercised or converted, the Company would not have enough shares in its authorized capital to cover the exercise of all of the outstanding instruments and still be able to issue shares of its common stock. Without additional shares authorized, the Company may find itself unable to raise any more capital through the issuance of common shares if it has issued all of its authorized shares, though at this time no sources of capital have been identified, and the Company does not have any plans or proposals in place, though at this time, no sources of capital have been identified, and the Company does not have any plans or proposal in place.
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Sorry to spoil the fun
