Saturday, February 19, 2011 12:03:52 AM
For newbies who want to know the reason for the ce,see my posts from Jan 13-15. Including 19117(otctrading told me reason was a PERCEIVED promotion because stock doesn't usually rise/gap several days running without a promotion)and 19261 and 19537.
Even though there was no wrongdoing on CWRN's part,that is how this penny game is played at the dirtiest levels by special interest groups. Thus, pinksheet rules now require CWRN to meet "current info" status by posting current financials before ce is removed.
Since Bob met this issue head on and w full force in the last PR(which was carefully understated re company projections so it wouldn't look like a promotion),this has led to some speculation that CWRN may post financials for the last quarter instead of waiting for mid April posting of 1st quarter financials.
Or they could change the fiscal year(so they could post anytime between now and April) or post first shipment revenues to book,so there would be some revenue to report in any last quarter filings.
The reason they had not been posting since late 2009 was lack of revenue to report. Postings increase accounting and attorney expenses-so there didn't seem any good reason to post-there wasn't anything of any real value to the investor in such no revenue caretaker postings(prior to spring 2010).
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