Cotton & Western Mining Inc. (CWRN)

[JohnCM]

In Colorado, I think.

[surebob]

who is selling the dirt as fert?

[Nostradamus2012]

Lol,

[JohnCM]

OK now that we have the team together, we can get some work done. I am handling the tracking of the Max cargo ship. Anyone get an update on "hercules?"

[surebob]

here

[joev2]

I was talking about the company I sold for $80.....not cwrn.

[JohnCM]

You mean 4,000,000,000 shares not 100 million.

[Nostradamus2012]

Hopefully it won't be a Russian company called : Natural gas & chemicals weapons
Lol

[joev2]

With the other company, they only had 100 million shares or so but I agree concerning cwrn. Maybe a Chinese reverse shell for foodstuff....call it China Wonton Rice & Noodles....

[Nostradamus2012]

Fantastic, what about rocketman
There is a good possibility that someone buythe shelll

[JohnCM]

surebob is gone.

[JohnCM]

Volume is a little light.

[JohnCM]

[JohnCM]

surebob is around ...

[JohnCM]

Ticker was registered? Can't remember the word.

MY GUESS is that legally the CWRN shares need to be passed on, retired, paid to new shell owner. So ticker was reregistered.

Just a guess. I do not believe CWRN will trade open market again.

UNLESS

Sold as a shell.

Initially the new company ticker CWRN,
then they change name and ticker to the new company.

[Sunnybank]

Now let's not get ahead of ourselves

[Nostradamus2012]

All the chickens coming back home, where is buymoreshares, surebob, micro, temeku, etcetc, lol

[Sunnybank]

You’re welcome to some of my 10 million shares.

[joev2]

Wow the board is alive! Fwiw, I had 100k of another stock in the same situation as cwrn. In the early days of suspensions being lifted (2019? 2020?), the stock began trading again. At the time I didn't know why. It had been dormant for years!

Needless to say, I quickly sold all for $80. Better than nothing I thought. Literally a year or so later, those shares were worth over $30000! I never looked at it again......

I can't believe this one hasn't begun trading yet, but I would definitely not call it a day if I had shares. Someone will raise the dead here at sometime....

[Nostradamus2012]

I was wondering the same...

[Sunnybank]

Surprised we haven’t heard from microcaps or mediscience. Reached out on the other site board but crickets. I will email them. Hope they are ok.

[Nostradamus2012]

Cool. Understand , this is an old wound that has started to bleed again.....

[Sunnybank]

Don’t know any specifics and not wasting my time to find out. What will be will be and that’s likely to be nothing. Be well.

[Nostradamus2012]

Let's hope Pesquero brings the good news......I am looking for my magnetic pen. Lol

[Sunnybank]

Brad IS Pesquero... or so the rumor goes.

[JohnCM]

Have not talked with him recently.

[Nostradamus2012]

What about Pesquero, I understand that he was the barman at the corona, he might have a clue of what is going on....
He could be an industrial lolspie working for Bao Steel, lol

[JohnCM]

10,000,000 shares

Currently 0.0001 = $1,000

Cost basis 0.05 = $500,000

Tax loss capitol gain/loss = $499,000

$3,000 per year will take 166 years to write off in its entirety

[Sunnybank]

Bob’s not hard to find and he used to talk to callers. Anybody? Bueller???

Gave y’all my swag… the case against Brad might be over and somebody’s either doing a Phoenix act or selling the shell.

Too bad my 10 million shares are in an IRA. OTOH maybe that’s better than them being delisted and removed.

[Nostradamus2012]

Thats great I might do the same...lets see how this unfolds

[JohnCM]

I talked to Fidelity and the shares have not been deemed worthless as you may know. I may go ahead and claim a loss for 2022. Cost basis somewhere around 0.005.

I can not find ANY information as to why ticker was reinstated, I think December 2021.

[Nostradamus2012]

Jhon I take anything right now, I ve been hoding since 2010......Hopefully something good is coming....

[JohnCM]

Why reinstate the ticker? To sell the shell?

[Sunnybank]

We have a comedian amongst us. Reality is we don’t know what’s happening. Maybe Bob will resurrect this. Maybe the shell will become something else. Time will tell us… maybe it will tell us nothing.

[Nostradamus2012]

Fantastic, any possibility that anybody buy this shell if you can call it so?

[JohnCM]

auburn
Monday, 07/17/06 02:32:00 PM
Re: wrongjoe post# 94
Post # 100 of 91032
The stock up 61% today... we all know there are flippers and those who are going to take profits. Where do you see this stock at in a month, 3 months, 6 months? (10 years?) Where would a good entrance point be? Thanks

[JohnCM]

Nothing ...

cwrn stock ticker reinstatement

[JohnCM]

After a little research, nobody has a clue. I'll give Bob a call at Hotel Corona.

[Sunnybank]

Track down Militia Man. Maybe he knows something. Your link offers some interesting reasons. I don’t think Bob ever got out of the mining game.

[JohnCM]

Is anyone else going to do some digging on why the stock CWRN was reinstated FINRA/OTC???

[Sunnybank]

Interesting. Fingers crossed. Maybe the Brad mess has ended. Hope you're well and healthy. All good here. Spare change going into cryptocurrency. Not liking how precious metal is following the broad market. Take care.

[JohnCM]

Investor Alert: Dormant Shell Companies – How to Protect Your Portfolio from Fraud

Oct. 30, 2014

FINRA and the SEC’s Office of Investor Education and Advocacy are issuing this alert to warn investors that some low-priced “penny” stocks that are aggressively promoted may in fact be stocks of dormant shell companies – companies that have no or nominal business operations or non-cash assets for an extended period of time. Many dormant shell companies that continue to trade in the over-the-counter (OTC) market are susceptible to market manipulation. This alert follows action by the SEC to suspend trading in 255 dormant shell companies in February 2014 and subsequent suspensions of other thinly traded penny stocks.

Rise and Fall of the Dormant Shell Company

FINRA and the SEC continue to be concerned about pump-and-dump schemes in which a fraudster deliberately buys shares of a very low-priced, thinly traded stock and then spreads false or misleading information to pump up the stock’s price. The fraudster then dumps his shares, causing the price to fall, leaving investors with worthless or nearly worthless shares of stock. A shell company is often used in these types of scams. These dormant shell companies may be on the brink of insolvency or even bankrupt. These companies also may not file periodic reports with the SEC that would provide public information about their business and financial condition and may no longer be in good standing in their state of incorporation. Dormant shell companies often have no officers or management. As the name implies, these companies are simply shells.

Fraudsters have been known to use dormant shell companies in pump-and-dump schemes. For example, fraudsters may buy shares in the shell company and then claim that the company has developed a “hot” new product. In some cases, the company will also announce that it has new management or corporate officers. The company may also be re-incorporated, possibly under a new name. These actions may also coincide with a reverse stock split that increases the company’s share price.

These actions often cause public communication about the once-dormant company to increase. Press releases, promotional campaigns, social media and penny stock chat rooms begin to tout the stock. (Typically, regulatory filings remain dormant.) The stock gets “pumped” back to life. Trading becomes more active, and the stock price can soar.

Unfortunately, investors drawn in by these promotional campaigns often find themselves on the receiving end of the “dump.” Fraudsters cash out by selling their shares at higher prices and reaping significant profits, while tanking the stock price and leaving investors with worthless or nearly worthless stock.

5 Tips

These tips can help you walk away from manipulation schemes involving stocks of dormant shell companies:

Research whether the company has been dormant—and brought back to life. You can search the company name or trading symbol in the SEC's EDGAR database to see when the company may have last filed periodic reports. Another resource is the Secretary of State’s office in the state where the company was formed or incorporated. The charter documents filed with the state may provide details of the company’s history.
See if the company recently reinstated business operations in its original state of incorporation, or re-incorporated in a new state. If possible, contact company management to determine why it ceased operations to begin with, and why it decided to reinstate operations. Internet searches may also turn up information on the company or its management, such as information about key officers and directors of the company.

Know where the stock trades. While stock pump-and-dump schemes can involve stocks that trade on a national securities exchange, there is a higher number of total pump and dump schemes involving stocks quoted in the over-the-counter (OTC) market. Companies that list their stocks on exchanges must meet minimum listing standards. For example, they must have minimum amounts of net assets and minimum numbers of shareholders.
Be wary of frequent changes to a company's name or business focus. Name changes and the potential for manipulation often go hand in hand. If the company files periodic reports, you can search changes in a company name or business focus in the SEC's EDGAR database. Internet searches may also turn up this information.

Check for mammoth reverse stock splits. A reverse stock split reduces the number of shares outstanding and increases the price per share without changing the total economic value of the shares. A company might perform a reverse stock split with a 1-for-5 or similar ratio (in an effort to meet minimum bid price requirements for continued listing on an exchange). A dormant shell company, on the other hand, might carry out a 1-for-20,000 or even 1-for-50,000 reverse split. This may be done to inflate the price of the stock.

Know that "Q" is for caution. A stock symbol with a fifth letter "Q" at the end denotes that the company has filed for bankruptcy. Like other non-reporting shell companies, dormant, bankrupt companies can be candidates for manipulation. Also, check the website of the trading system where the security is traded to see if any information is available about the issuer. Global OTC ATS (https://www.globalotc.com), and OTC Link ATS (www.otcmarkets.com)).

If a Problem Occurs
If you believe you've been defrauded or treated unfairly by a securities professional or firm, file a complaint. If you suspect that someone you know has been taken in by a scam, send a tip.

Additional Resources

FINRA Alert: Avoiding Investment Scams
FINRA and SEC Alert: Inbox Alert—Don't Trade on Pump-And-Dump Stock Emails
SEC News Release: SEC Continues Microcap Fraud Crackdown, Proactively Suspends Trading in 255 Dormant Shell Companies
SEC Alert: Be Alert When You Receive Spam E-mail or Faxes And When You See "Unsolicited Quotations" Posted for Stocks
To receive the latest Investor Alerts and Bulletins from the SEC’s Office of Investor Education and Advocacy, sign up for our RSS feed here or for email here. You can also follow us on Twitter @SEC_Investor_Ed, or visit Investor.gov, the SEC’s website dedicated to individual investors.

The Office of Investor Education and Advocacy has provided this information as a service to investors. It is neither a legal interpretation nor a statement of SEC policy. If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.

[JohnCM]

Contact FINRA

What page were you viewing?
FINRA OTC MARKETS TICKER REINSTATEMENT

Your message:

Are you able to provide any further information on the following?
Suspended ticker CWRN Cotton and Western Mining. Grey sheet, not trading. Reinstated on Dec 31, 2021.

Thank you!
First Name:
JohnCM
Last Name:

Email Address:

Phone Number:

CRD Number:

[JohnCM]

https://www.youtube.com/embed/6WsdL0fqCyQ

[JohnCM]

Per fidelity

The shares have not been deemed worthless as yet.

When they are, the shares can be deleted from your brokerage account and your CPA can see about taking a total tax loss based on your cost basis.

[JohnCM]

Re: Cotton and Western Mining CWRN

Curious what the "reinstatement" will accomplish.

My best guess is that we have past shareholders, or others, behind the scene who have been involved with CWRN.

They needed to reinstate the shares so that some kind of follow-up action can take place.

I will check with my CPA but it may be possible to zero out holdings at a 100% loss. Just need to grab the cost basis.

Even at this point, as yet, I do not believe Fidelity can wash out my position. I think I will go ahead and take the loss for 2022.

My basis could have been anywhere from $0.001 to $0.25
$0.10 X 34,200 = $3,420 long term capital loss.

[JohnCM]

Per Fidelity

"buy orders are not allowed for this security."

[JohnCM]

Daily List Events
Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
12/31/2021 14:44:53 Reinstatement 12/31/2021 00:00:00 CWRN COTTON & WESTN MNG INC Common Stock Other OTC
Details
Current Value
Daily List Date/Time 12/31/2021 14:44:53
Event Type Reinstatement
Effective/Ex Date/Time 12/31/2021 00:00:00
Issue Type
Symbol CWRN
Issue Name COTTON & WESTN MNG INC Common Stock

[Sunnybank]

Well, it’s been an interesting time of late in OTC. I’m still sitting on 900k shares. Any and all relief would be a godsend. Happy New Year.

[Renee]

CWRN reinstated to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions