I still hold a very small position here after selling out of sheer frustration that management was not addressing our concerns directly.
I won't get into the details because I don't want to come off as any type of a detractor.
As most of you know, I have been this stocks strongest proponent and advocate. I performed a great deal of due diligence however, when my suggestions to combat naked short-selling and stimulate market-makers to cease trading the shares down at the celler boxed level of .0001 x .0002 , fell upon deaf ears, I waited a few more weeks and then just decided to no longer support the underlying equity. I just didn't feel the necessity to continue assisting management in servicing its debts to existing convertible note holders. It remains obvious, the authorized share count is being increased to cover the amt of CD notes being issued. It's dilutive yes. I'm not sure how high the authorized share count will be increased but hopefully management will find alternative, less dilutive sources for funding. That would be the best catalyst to spark interest in the underlying stock itself. The revenue stream of Crescent construction is indeed impressive however profit margins related to earnings per share are not really substantial at this point. The cost of doing business is just slightly less than profits produced. It is interesting that we do have a bid back on the stock and if I see volume increases and momentum begin to hit, I have no issues repurchasing my shares 100% higher.
