Despite the large pile of press releases which Crown Equity Holdings, Inc. (OTC:CRWE) has been churning out for the last few days, the market value of its stock has not changed a whit. So, will the brand-new promotion stir things up a little bit on the chart or fade away faster than it appeared?
CRWE was last traded on Friday when its market value remained stuck at $0.02 for the third time in a row. Unlike the previous couple of sessions, CRWE was subject to a much higher investor interest with a total of 51 thousand shares changing hands, or four times as much as the daily average trading volume.
When it comes to news, few penny stocks have been as prolific as CRWE for the last couple of days. Yesterday alone, CRWE published two official press releases – a letter of intent for a collaboration with a German entity for providing wireless broadband solutions, as well as the launch of two new online service companies.
Since the updates mentioned above did little to boost the market value of CRWE stock, third parties have now embarked on a week-long promotional campaign in favour of CRWE. The promotional email, which hit investors’ mailboxes last night, revealed a compensation amount of $35 thousand.
Established in 1995, Crown Equity Holdings, Inc. specializes in providing advertising and marketing services. For this purpose, the company uses a wide digital network of websites.
CRWE finished the third calendar quarter of 2011 with:
- cash reserves of $289K, up 93% from Q4 2010;
- net working capital of $892K, down 17% from Q4 2010;
- quarterly revenue of $252K, down 37% from Q3 2010;
- net loss of $1.6M as opposed to $140K in Q3 2010.
The net loss mentioned above is largely due to an unrealized loss on marketable securities.
