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MBIO62DA 115.56 +1.90
(iggy)
Picking up a load of 'roo meat for China?
Ex Parte was incoherent gibberish - didn't even get the party's names right. This was a desperation move on Geo's part to try to escape the hammer coming soon in CA suits. GEO is dogmeat.
Postponed until the 13th June.
Thanks for the comments MadFlight. I used Google and tried to edit out the rough edges. Could you please share any important points that I missed here?
Rough translation of prior post:
Switcho-change-o...LOL!
Doesn't make sense Jacob. Even at $80 (which is highly unlikely)the existing inventory is worth millions. And with low production costs, the new company will be highly profitable.
Ferrous iron sulphate is used as fertilizer. By-product of iron mining. Sold by the bag on Amazon and other fine retailers.
http://www.amazon.com/Granules-Ferrous-Sulfate-Killer-Fertilizer/dp/B005H8DFU2
Wow - that's quite a cast of characters. Not looking too good for GeoTech et al.
Quick - look over in Houston - a squirrel!
I've never heard of them.
Bob is my folk hero. A flawed man with a vision to transform a dry dusty stretch of land into a profitable iron ore mining venture. No matter how many times he fell, and was knocked down by others, he just kept getting up and having another go at it.
I am delighted that it is going to pay off for him, and those of us who believe in the future of the new company that will emerge. It doesn't matter how much people trash him and the company. In the end, he did it.
Bravo!
Thanks for the accurate information Daisy.
Ultimately, all investments are speculative. I like the potential of CWRN and whatever it will become. I willingly accept the risk. We have different tolerances for risk. You are free to invest differently. I have no stake in trying to convince you to invest here or not.
So why do you invest so much time trying to convince me NOT to invest here? This is a sincere question.
When the transition to the new company occurs in roughly 30-60 days, the RS will enable uplisting to get out of pinkies. RS is only a problem if they dilute. Otherwise, it is simply an accounting of shares, and a change in decimal points.
Given the vast inventory they have acquired, willing buyers and increasing prices for ore, they have no reason to raise funds through dilution. JMO.
Boring day. Waiting for those .0001s or .0002s. Still smells like .0008s.
About Navial... interesting!
http://navial.com/images/Navial_Mineria_6a.pdf
Why has CWRN's May 26, 2011 PR been removed from the news section in the Detailed Summary page for CWRN? Please put it back.
The May 26, 2011 PR contains very important DD/background necessary for fully understanding the current status of CWRN.
http://www.marketwire.com/press-release/cwrn-revenues-distributed-2nd-bulk-shipment-close-pinksheets-cwrn-1519301.htm
An incoherent "Hail Mary" pass doomed to fail.
This is one of the most incoherently written legal docs I've ever seen:
Anvil- are you an insider with Geo? Where did you get all the lawsuit stuff filed on 5/29/13?
If you can keep the price down for another week, I will definitely buy some more! GLTA
Who is Brett?
Smack! .0009s
Don't cry Jacob.
Details on fake buyout offer.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60558928
Just for the record. This is very old news.
CWRN is undergoing major reorganization
- New management
- Name change coming
- New share structure (uplisting?)
Assets
Huge inventory
- iron ore + Chinese buyers
- fertilizer + buyers (value $300-350 ton)
- cement + buyers
We do not have all the details yet. Give them time. They have seen firsthand the reach of SEC. They have every incentive to do good.
Long and strong CWRN/new company!
Do not prejudge this new company. Give them a chance. No one here has enough information to know which direction they are going. Any detractors at this point are making groundless comments.
Ask is getting very thin.
Bob is no longer part of the company. Why keep flogging that dead horse?
I topped my tank again today by scrounging for change in the sofa cushions. The company's new direction is certainly generating a lot of chatter.
That was a fake buy-out bid from a group of shareholders trying to pump up the SP. If fell apart real fast. Nice try.
Long-term longs have a lot of documentation from that time. We have long memories.
Lot of buyers showing up to snap up cheap shares - let the flipping begin!
That's OK - CWRN has taught me patience.
After reviewing a lot of previous DD, I am holding. I think SP will be volatile due to a lot of FUD. The real story is not yet known, but there is a lot of interesting data going back in history that makes me feel fairly confident longs will be OK.
Yup - very entertaining. I'm always surprised at how fast the word gets circulated.
Nah - it'll take a hit for awhile until more details emerge. Fundamentally, they are still iron ore producers.
How do you know that?