China Crescent Ent. Inc (fka CCTR)

[ryan128]

Way overvalued.

Philip Verges and Heidi run about 15 companies some public some private. All from the same suite in Dallas.

His companies started with IPvoice which is now NWMT.PK

NWMT.PK is the parent company that CCTR.OB was spun off of.

A couple things his companies have in common. They all issue lots of shares and have all done R/S. They are all issue tons of PR's stating how undervalued they are and get their valuations by Prime Equity Research. (Prime Equity Research is paid for those valuations by the companies. Check their website and the disclaimers.) They have done this in the past while planning R/S (Latest was NWMT.PK) They are all owned by NWMT.PK which controls them and the way the bylaws are written there is no way of a hostile takeover.

The private companies he owns hold several service contracts for the public companies.

His last auditors certification was pulled for involvement in a pump and dump scheme. It was not small they took investors for tens of millions. Their role was to say the books are on the up and up.

Philip Verges has long ties to stock promoting to raise capital. He was a partner at Red River which is now out of business. And he is on the board of ivaluerich.com

And I will wrap it up with a simple question. Why does all his companies consistently make record profits, but all need to do R/S and increase share structure?