Rimm, Bpop And Crwe On Pennytobucks Stock Report
Crown Equity Holdings, Inc., (OTC BB:CRWE) is a consulting organization which provides
and assists small business owners with the knowledge required in taking their company public, and has re-focused its primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.
CRWE Reports Six-Month 2010 Financial Results
CRWE reported its financial information for the 6-month period ending June 30, 2010.
Revenue for the six months totaled $678,988, compared to $84,357 during the same period in 2009.
CRWE incurred an operating loss of $26,739 for the six months ending June 30, 2010, compared to an operating loss of $245,796 during the same period in 2009. CRWE incurred a net loss of $201,658 for the six months ending June 30, 2010, compared to a net loss of $255,006 for the same period in 2009. The net loss in 2010 was due primarily to an unrealized loss of $169,195 on securities held by CRWE.
CRWE has increased its workforce to an amount of 35, compared to this time last years head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors we recently hired in Pakistan.
CRWE has also expanded its Internet footprint internationally to include the following 20 countries; Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
Furthermore, CRWE recently reported that its previously announced 1 for 10 forward stock split was effective as of August 3, 2010 for shareholders of record as of July 15, 2010.
This is the second forward split of CRWEs common stock in three years. The previous forward split was also a 1 for 10 forward split.
Research In Motion (RIM) (NASDAQ:RIMM) announced the new BlackBerry Curve 3G, an exciting addition to the globally popular BlackBerry Curve series of smartphones. Designed to provide the growing mass of smartphone purchasers with a distinctly powerful, approachable and affordable choice, the BlackBerry Curve 3G supports high-speed 3G (HSDPA) networks around the world and gives users the exceptional communications features they need to accomplish more than ever, when they're at home, at work and everywhere in-between.
The BlackBerry Curve 3G smartphone features a comfortable full-QWERTY keyboard for fast, accurate typing, optical trackpad for fluid navigation, built-in GPS and Wi-Fi, as well as dedicated media keys, so music lovers can easily access their tunes while on the go. The new smartphone also features a camera that can record video and a microSD/SDHC slot that supports up to 32 GB memory cards for media storage. Support for 3G networks makes browsing faster, streaming music smoother, and gives users the ability to talk on the phone while they browse the web, instant message with BlackBerry Messenger (BBM) or share their location with friends on popular social networking sites.
Popular, Inc. (NASDAQ:BPOP) reported a net loss of $55.8 million for the quarter ended June 30, 2010, compared with a net loss of $85.1 million for the quarter ended March 31, 2010, and a net loss of $183.2 million for the quarter ended June 30, 2009. For the six months ended June 30, 2010, the Corporations net loss totaled $140.9 million, compared to a net loss of $235.7 million for the same period in 2009.
Significant Events for the Second Quarter of 2010:
Capital issuance of $1.15 billion through the sale and subsequent conversion of depositary shares representing interests in shares of contingent convertible perpetual non-cumulative preferred stock into common stock. This transaction resulted in the issuance of over 383 million additional shares of common stock in May 2010 upon conversion. The net proceeds from the public offering amounted to approximately $1.1 billion, after deducting the underwriting discount and estimated offering expenses.
Acquisition of certain assets and assumption of certain liabilities of Westernbank Puerto Rico by Banco Popular de Puerto Rico (BPPR), a wholly-owned subsidiary of Popular, Inc., from the Federal Deposit Insurance Corporation (FDIC) on April 30, 2010. As a result of the FDIC-assisted transaction, the Corporations total assets at April 30, 2010 increased by $8.2 billion, principally consisting of a loan portfolio with an estimated fair value of $4.3 billion ($8.6 billion unpaid principal balance prior to purchase accounting adjustments) and a $3.3 billion FDIC loss share indemnification asset. Liabilities with a fair value of approximately $8.3 billion were recognized at the acquisition date, including $2.4 billion of assumed deposits, a $5.8 billion five-year purchase money note issued to the FDIC and an equity appreciation instrument issued to the FDIC with an estimated fair value of $52.5 million at April 30, 2010. The equity appreciation instrument provides the FDIC with the opportunity to receive a cash payment from the Corporation based on the common stock price of the Corporation during the one-year period ending April 30, 2011. The purchase money note is secured by a majority of the loans covered under the FDIC loss sharing agreements.
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by: Bill Pennyman
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