Yesterday, Church and Crowford, Inc. (PINK:CCWF) announced a ‘multibillion dollar revenue model’, which, apparently was hardly taken seriously by investors considering CCWF’s performance in the following market session.
CCWF edged up $0.006, or 11.32%, to $0.059 per share, its fifth rise out of the last six sessions and the highest close since Dec. 20. More than 3.07 million shares changed hands yesterday, or six times higher than the daily average trading volume for the company.
CCWF’s latest surge came hard on the heels of a bombastic press release. According to the latter, the company has, together with major business advisors, defined the ultimate revenue model which is expected to ensure sound financial activities for CCWF in the years to come.
CCWF is a small-cap entity specialized in providing mobile phone software solutions, mainly in the field of interactive voice response, computer telephony integration, etc.
The company’s financial report for the third calendar quarter of 2011 revealed:
- $5,000 in cash;
- working capital deficit of $184 thousand;
- zero revenue and a net loss of $30,100.
