China Crescent Ent. Inc (fka CCTR)

[why_meil]

Hopefully we'll see more action as we get closer to the release of CCTR's 4th quarter financial results.

I'm mainly interested in seeing what net revenues were at 12/31/10 and the current number of outstanding shares. My guess is that there are at least 2B shares outstanding. And if that's the case, the current market cap of CCTR would be 1.2M. Still very cheap for a company that reported 3.3M in net income for the first 9 months of 2010 alone.

There's something very fishy about the disconnect between share price and what they're reporting. Either the share price is way off (that's what I'm hoping), or what they're reporting is way off. There are no other options. But if they're lying on their SEC filings it wouldn't be the first time I fell for a penny stock company that did that (RMEC and SPNG come to mind).

With the additional 1000 bucks worth at .0006 this morning I think I'm done adding shares for now. Now I'm just going to sit back and either watch my position pop substantially, or crash and burn. There's usually no in-between when messing around with these things.