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Thanks,Hobie. As soon as I read your post I jumped in with another batch. The beauty is Bob already filled the required form with SEC regarding this offer and he realized as well this is all bogus.
Now back to work in shipping that ore.
I'm a little disappointed this didn't collapse below two today as I was ready to fill the boat to the brim. Oh,well.
Give it up man . That's a bogus offer. Let it fade away and concentrate on shipping just around the corner.
Nah. The carnage is over. The 0.02 support survived and a new base is forming. I see a gradual uphill as the bogus offer news is fading away and peeps start to focus more on fundamentals. Too many investors are following this stock and with delivery just around the corner we may see a double in a few weeks barring some terrible news.
IMO bottom will overshoot tomorrow creating a huge buying op.
Thanks for the clarification.
Your post has a lot of merits. The more I think of last two days events the more I'm inclined to heavily get back in as this buy out offer will fade away and peeps will turn back to company fundamentals.And no,absolutely there's no comparison betw. CWRN and SAEI.
I was inquiring why destination is Fairway Anchorage and not Ensenada. If this is our ship why going to Alaska?
Destination: FAIRWAY ANCHORAGE? I thought is Ensenada port.
IMO here's what BOB will PR tomorrow:
.. Due to extensive research done by our valued shareholders about the veracity of Freedom offer we decided to turn it down altogether.
And who are the individual investors behind this shell? Drug cartell funneling money thru this shell to pay CWRN for all those equipments? Hmm.
Very well said. If this company escape suspension next seven working days then we may look back of fundamentals.
Unless someone(shorty) will present SEC with valid proof Bob is involved in this dirty offer to get rid of some dirty debt.
SEC may halt it all together and Bob will walk to the bank with all spoil.
Yeap. With this phony buy out offer Bob inadverently increased the chance of suspension by SEC. Is he naive? Didn't have a choice but PR it? Does he want to be suspended so he can benefit himself from all these tons of ore?.
Like one poster said today: This company was legit up until they PR this buy out offer.
The unknown millions of dollars finance for the heavy equipments. Looks like some creditors demanding to be paid back and unhappy with Bob slow moving objectives.Iron is hot red and he's calling just a Handymax to haul it away.
I'm out of this stock not the board. Get your facts straight or the truth hurt? Show me proof of registration for these two phony companies in Florida.
Just to let you all know, done extensive research with state of Florida. There's no such entities as Freedom or Bulldoze debt registered anywhere.You can call them yourself.
IMO Bob is well aware what's going on. Debentures to be liquidated? Freedom ( the lender for at least some of those equipments)calling for the debt to be paid and raising hell why Bob keeps dragging his feet with that shipping? A mount of ore sitting at the port and he's calling just a Handymax to take it away?
Looks like Bob dirty skeletons are coming out of closet.
Not to spoil your party but Market cap. already at $8 million.
Agreed. Starting back at 0.023. Possible tomorrow.
Be back at about 35% fall from current PPS level.. My acc. up 55% YTD and sitting on a cash bundle.
Short term down pressure is huge.
I'm out for now. PPS failed to impress in spite of exceeding good news.Down risk overweight short term for lack of anticipated news.This may see two before going back to three unless Bob starts to make a big fuss of this buyout offer.
And if it doesn't then back down to ten.
This is dead money for a long time.
PPS not moving today as expected on such good news is due to exceedingly high expectations on this board that stupid shipping would be done this week. Three weeks delay and getting just a handymax is telling me Bob is dragging his feet. Maybe he's seriously looking at this buy out offer and expands to a different mine.
If Bob is requesting shareholders approval for this offer then all hell will break loose. Usually I'm highly suspicious of buy out offer in pinky land but in this case with so much revenues potential a buy out offer is highly credible from private investors. Based on latest developments I decided to stay put.
Due to company developments last three month today PR is about 80-90% credible. And I'm probably the most suspicious person on this board.
On a scale of 1 to ten this is an earth shattering news magnitude of 7-8.PPS could reach 0.035-0.04 today.
One of my suspicion has been removed by this:
Pink OTC Markets: "Caveat Emptor symbol." CWRN Management has been vigorously working on clearing the CE issue, and expects it to be resolved before the end of March 2011. Our attorneys are diligently working on the matter by following the OTC Markets guidelines. We reiterate that Cotton & Western Mining, Inc. has not promoted its shares, and feel the value of our company will ultimately be realized in the near future by the market.
What happened? Another delay? Dredging not done yet?
If accompanied with a correspondent A/S reduction otherwise you'll see dilution.
Oh,common pumpers. If you get a dime on this then kiss your lucky stars and run straight to the bank.I can't stand so much nonsense pumping here. First, we need to see a stream of monthly shipping of metric tons to get an idea where we're heading.
R/S is a death sentence for companies with no product but in the bus. of enriching themselves. However, for a company with eight years assured production for high demand ore,a R/S will be highly beneficial to upgrade to the big board to bring in institutional buyers.These buyers are really moving the market.
I suggest Bob doing a R/S and reduce the A/S correspondent. This way will shoot us straight to Nasdaq creating institutions buying stampede if that mine can give us eight years production.
Looking at the top picture I wonder how many tons have been
lost by paving the ground with ore? Will that ore ever be recuperate
it?
What happened with rumor he's getting buying offers?
That's why I give a few more weeks beyond anticipated date.