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Re: EastCoastCdn post# 11731

Monday, 06/20/2011 8:59:32 PM

Monday, June 20, 2011 8:59:32 PM

Post# of 220189
CLNO / CRWE - There you go. So the very same day as replacing the previous director Kenneth Bosket authorized the issuance of 5,000,000 shares of CLNO stock valued at over $1,000,000 to his other company CRWE to be used for IR services to help promote CLNO.

I suppose he probably could have pulled that off anyways as the CEO before being replacing the director too. Bosket became the president and CEO of CLNO on April 25, 2011.

I'm not sure what to think about that.

Talk about double dipping.

I guess that's not much different than insiders paying themselves shares for consulting services when they already receive a salary.

It all seems pretty shady to me.


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On May 23, 2011, the Board of Directors of the Company (the “Board”) appointed its President and CEO, Kenneth Bosket, as a director of the Company (CLNO).

On May 23, 2011 the Company (CLNO) issued 5,000,000 shares of common stock with a value of $1,050,000 ($0.21 per share) for advertising and services to a Company (CRWE) that has some common officers and directors.

Crown Equity Holdings Inc. (CRWE.OB) anticipates receiving 5,000,000 shares of 144 restricted stocks from the company for 12 months of media advertisement and IR services for Cleantech Transit, Inc. (CLNO.OB)

Officers of CLNO
Kenneth Bosket = CEO
Lowell Holden = CFO

Officers of CRWE
Kenneth Bosket = CEO
Lowell Holden = CFO



Look at what has happened to the share price since April 25, 2011:








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