Stock Update On Dynegy And Crwe - Pennytobuck.com
Crown Equity Holdings, Inc
Crown Equity Holdings, Inc. (OTCBB:CRWE) has reported its financial information for the past 6-months, period ending June 30, 2010.
Revenue for the past six months has totaled $678,988, compared to $84,357 during the same period in 2009.
CRWE has 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 their workforce to an amount of 35, compared to this time last year's 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.
CRWE has also recently reported they have finalized their 1-10 stock split and was put into effect as of August 3rd, 2010.
Their CEO Ken Bosket said "The Company and shareholders are elated to see their shares multiplied by ten. 10,000 shares became100,000 shares and 100,000 shares became 1,000,000 shares, and we believe this is just the beginning."
This will be CRWE second forward stock in the last 3 years, their previous stock split was also a 1-10 forward split.
Crown Equity Holdings is a news service containing news from around the world, and an advertising media, consisting of :
crownequityholdings.com, CRWEnewswire.com, DrStockPick.com, CRWEfinance.com, CRWESelect.com, CRWEpicks.com, BestOTC.com , Stock-PR.com, PennyOmega.com, PennyToBuck.com, StockHotTips.com, CRWEwallstreet.com, Doubleinstocks.com, Crowntradingsystems.com
CRWE has recently opened offices in Pakistan and Germany. Its mission is to become a world-renowned provider of media for information and up-to-date news.
CEO of Crown Equity Holdings, Ken Bosket concluded, "Watch us grow, we are debt free, and our revenues have been increasing every quarter."
Take A Look at Their Chart Below or goto http://pennyomega.com/img/crwe_ch2.png
Dynegy Inc. (NYSE:DYN) reported that they have entered into a definitive merger agreement pursuant to which it will be acquired by an affiliate of The Blackstone Group L.P. (NYSE:BX) in a transaction valued at approximately $4.7 billion, including the assumption of existing debt.
Under the terms of the merger agreement, DYN stockholders will receive $4.50 in cash for each outstanding share of Dynegy common stock they own, which represents a 62 percent premium to the closing share price on August 12, 2010.
Under the merger agreement, DYN is permitted to solicit alternative proposals from third parties for a period of 40 days after the date of the merger agreement. There can be no assurance that the solicitation of alternative proposals will result in Dynegy receiving a superior proposal from a third party.
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by: Bill Pennyman
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