![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, September 18, 2011 1:15:03 AM
How convenient for the insiders.
No wonder this dropped like a rock after the initial pump.
Credit goes to Janice for really digging into the early beginnings of Crowne as it is today. Should be required reading for anyone interested in this company.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67189124
Interesting. As of 31 March 2011, there were only 17,155 shares of CRWV outstanding.
http://www.otcmarkets.com/financialReportViewer?symbol=CRWV&id=55410
As of yesterday, there were 447,017,155 outstanding.
http://www.otcmarkets.com/financialReportViewer?symbol=CRWV&id=55239
NOTE 6 – STOCKHOLDERS’ DEFICIT
Issuance of common stock
The Company was incorporated on in 1991 at which time 34,310,000 shares ofcommon
stock were issued to the Company’s founder at par, or $34,310. On September 16, 2009 the
company effectuated a 2000 to 1 reverse stock split. The financials have be restated to reflect this
split for all periods presented.
Preferred Stock
The Company has authorized 50,000,000 shares of preferred stock with a par value of
.001. There are no shares issued. The preferred shares can be converted into a 50 to 1 ratio of
common stock.
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