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We can catch up more at the private place...
Nice to "see" you. Hope you've been well and weathered all the craziness. I don't know very much either. Just what we've read here.
Hey Sunny and guys- I stopped posting here because at some point in the past this board was removed when I checked it
and shorting cartels brag about how rare it is for a sticker to come back from the grave - so i dont know what renee's ca jan 1 post means- i cant find cwrn on that list
good to see some ppl are still alive- CWRN was the biggest adventure of my stock board life
looks like CWRN is still in the symbol directory-had we been removed from that? cant remember
https://otce.finra.org/otce/symbol-directory
otherwise i dont see anything new - listed as grey market and skull and bones [Brad never supplied any info to the agencies to my knowledge] - so CWRN's exchange - the otc board-has not received the message if there's been a change
https://www.otcmarkets.com/stock/CWRN/overview
is this stock actually trading on the non-liquid grey market? - no quotes on grey market so would have to blindly set an order
ever since the pre-2000 penny stock wild west days the regulatory and semi-regulatory agencies and otcmarkets.com have been tightening the rules
CWRN under Bob had been limited info otc class but before Bob sold dropped to no-info otc class
as of Sept 28 2021 ,as per the newly amended SEC rule 15c211, the no info class has been eliminated as has essentially the limited info class- this caused something like 3600 companies to be dropped from public quotes and relegated to the grey market-where CWRN still sits- now a co has to be current info to be listed on otc board and essentially traded -i.e., not on grey market
I have not communicated with Bob in years because nobody responded to my queries re anything to ask him
Bob is in his mid?70's now - he was pursuing much much larger claims with potentially much more recoverable ore- and to my knowledge none of those received the investment capital he needed to develop-despite his continued meetings w Mr Zhao-and now that Chinese company has a big mine in Brazil- thus less need for Bobs services
Bob is under no compunction to avoid public co's now - so he could run a public company again- but given his experiences i dont know why he would- all good guys are targeted by this crazy world- and thus he was raked over the coals
mining is such a difficult startup that some really 'A' personality entrepreneurs try it at the end of their experienced careers just to see if they can do it - its easier to haul illegal waste and even those haulers need to be certified now (semi- joke)
there were several legal battles/cases between Bob and Brad -with the Mexican legal system moving at a snails pace-even a judge in one of the cases disappearing- dont know the present status or conclusion of such cases and not easy to look up Mexican cases- for me anyway
In Colorado, I think.
who is selling the dirt as fert?
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?"
I was talking about the company I sold for $80.....not cwrn.
You mean 4,000,000,000 shares not 100 million.
Hopefully it won't be a Russian company called : Natural gas & chemicals weapons
Lol
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....
Fantastic, what about rocketman
There is a good possibility that someone buythe shelll
Volume is a little light.
surebob is around ...
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.
Now let's not get ahead of ourselves
All the chickens coming back home, where is buymoreshares, surebob, micro, temeku, etcetc, lol
You’re welcome to some of my 10 million shares.
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....
I was wondering the same...
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.
Cool. Understand , this is an old wound that has started to bleed again.....
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.
Let's hope Pesquero brings the good news......I am looking for my magnetic pen. Lol
Brad IS Pesquero... or so the rumor goes.
Have not talked with him recently.
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
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
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.
Thats great I might do the same...lets see how this unfolds
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.
Jhon I take anything right now, I ve been hoding since 2010......Hopefully something good is coming....
Why reinstate the ticker? To sell the shell?
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.
Fantastic, any possibility that anybody buy this shell if you can call it so?
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
Nothing ... cwrn stock ticker reinstatement
After a little research, nobody has a clue. I'll give Bob a call at Hotel Corona.
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.
Is anyone else going to do some digging on why the stock CWRN was reinstated FINRA/OTC???
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.
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.
Contact FINRA
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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
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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.
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.
Per Fidelity
"buy orders are not allowed for this security."
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