Church and Crawford, Inc. (PINK:CCWF) is a relatively small mobile solutions company, which hasn’t generated revenue yet. This didn’t get in the way of a promoter claiming CCWF is a “leading provider.”
The previous two sessions were good for CCWF. Yesterday, the price at the close was $0.047, up 67.86% on significant volume of 6.7 million shares.
Alpha Penny Stock was compensated $2,500 for a promotional email sent out yesterday after the close. Previous promotions haven’t worked out too well for CCWF, neither has news.[BANNER]
On Feb. 27 the company announced signing an agreement with an unnamed financial company in India to start a pilot project which would use CCWF’s EMPS+ solution. If things go as expected, the company expects to generate revenue.
The seemingly positive news triggered a selling spree which drove the price below 2 cents per share.
The latest financial report of CCWF didn’t look like it belonged to a leading provider of anything. The company had $5 thousand in cash, $14.6 thousand total assets and $189.5 thousand total liabilities.
It will be a while until any actual results from the pilot are revealed, and for now CCWF may have to rely on promotions and optimistic press releases.
