Replies to post #2275 on China Crescent Ent. Inc (fka CCTR)

[ndforlife]

Sorry BT. Didn't mean to come across as a basher. Just making a statement from the 10Q.

I agree it is VERY promising. Just a little frustrated that this isn't higher than what it is. I believe you mentioned before the name of the game is "Patience"..

[DigiTech]

Good morning Busy, This is fact checker :0)

Rapidly growing company? let see:
Q1 2008 $8.5M
Q1 2009 $7.5M Down Q over Q

Q2 2008 $10.6M
Q2 2009 $9.5M Down Q over Q

2007 $41.8
2008 $40.0 Up year over year by 4%

Q3 plus Q4 2009 need to be $25 M vs $17 M to just match 2008

For a 20% growth, that would qualify as rapid growth, Q3 and Q4 total need to be $33M or a 100% growth over Q1 plus Q2. If they do that I would be impressed. This was the same thing with NMKT when PV was promising $120M with a Q1 plus Q2 at $40M.

Match is a bitch!

Cash on hand.

At the end of Q2 $2.2M

At the end of 2008 $2.6M They are burning cash

Cash per share

You cannot take the straight cash or Issue and outstanding

It is cash minus debt So it is only $1.3M

You cannot take I & O you have to take fully diluted.
That number with the most company favorable calculation is 57 M shares. So the per share is a lot lower than 5 C. This was the same thing with NLAI, the IO was 140M the fully diluted was 1.3B witha big B

AR Question

end of 2007 $3.6M
end of 2008 $4.2M
end of Q2 $5.5M

A lot of cash in the AR but we do not know anything about the risk of payment.

DSO is going up on a flat revenue

end of 2007 $7.2M
end of 2008 $10.3M
end of Q2 $11.5M

Good thing but we do not know the "Good will" Historically PV companies take a big write off after a few years. NMKT was $30M. This could vaporize.


Dilution

The company diluted the I / O 85% for $1M dollar in debt reduction. They could have paid out of cash and tremendously improve the per share stockholder equity. The question is why did they do that? In does not make any sense for the stockholders.

How much more will the company be diluted for the next $1M

NMKT a $93M revenue company just got diluted 50% for $250K. Have a guess who got the %50 of NMKT for $250K.


I know I am a pain but I just like the facts to be presented.


Please challenge the numbers I listed. I could always be wrong.

[DigiTech]

"Dilution shouldn't be a concern"

Why is it that when you present the real numbers, unchallenged by anybody you are considered a basher. I prefer the term "fact checker"

So let's see how much the company was diluted

Number of share fully diluted

31,613,219 2007 year end
72,689,433 2008 year end
200,000,000 2009 Q1
1.4B 2009 Q2

The 1.4B is calculated in old shares to be able to compare previous 10K or 10Q reports. The fully diluted is 57M in post reverse split shares.


So if you had $1 of stockholder equity at the end of 2007 you now have 2.2 C of equity. Now that's dilution you can measure.


One more time. Please challenge the numbers I am showing. I could always be wrong but they are right out of the 10K and 10Q

You are very correct about "do your own DD" so please, please tell me how yours compare to mine.

[crazybetting]

100% agree, BT
Very good thing of CCTR is 0% BK in a year. No big risk.
Let's just be patient.