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Plus as you and Balahi noted elsewhere the extra 1 million tons discovered last spring on S 1/2 of Baja 14. Possibly more recently also on N 1/2 Baja since the 2008 website estimate.
They also estimate 1 million tons Baja 4.
At whatever point specified in the DLC it becomes an account receivable. Since the contract is CFR-would likely be receivable once ship is fully loaded. Don't remember whether the ship was fully loaded prior to April 1.
Prior to account receivable still an asset-inventory.
Interesting article referenced above by cliocigar(spelling?)poster--inter alia showed
cost of production for junior miners generally varied from $20-50/ton. Which is surprisingly low. Which would give a profit margin of 72-89%!!!
(This I would guess excludes shipping costs).
Some companies actually had a negative cost/ton because of premium grade ore-above the 62% benchmark.
The article indicated a study showed that for each one % iron content above the 62% benchmark,producers received an extra $5/ton. So 67 % ore would sell for spot of $205 when the benchmark price is $180/ton.
Pretty much except Bob et. al. restricted as per fall PR was 1.75 Billion(down from previous 2B). Last known float last spring 299 million. We know they issued float shares since-waiting for posted financials hopefully in the next couple weeks.
I don't think it would be current CWRN properties that we know of-CWRN has the financing and revenue now to execute its own projects.
Matt, Sharon and Bob have all been canvassing for more concessions. Geo is advertising for investors. Perhaps CWRN will be a partner in one or more of their properties. Just as CWRN is slated to be the operating partner for the new South central Baja concession.
Thanks to Ontoprofit if she found this as Balahi suggested.
It is thought that the investors who paid for the ca 30 pieces of machinery received substantial RESTRICTED shares to be retired upon payment of the debt.
The debt as per Bullit69 is paid from the Kriton shipment so any such restricted shares can be retired now.
But again as with proprietary info the investors may have required CWRN to not release the info about any such restricted shares.
Also penny traders obsess to the point of insanity about O/S-not understanding that any such RESTRICTED shares are not available for the market and are only temporary extra collateral.
Specifying the 32 million K price doesn't reveal the proprietary per ton price or the K model they are using etc.
A very good % of penny companies wait til last minute to get lawyer involved for the required lawyer letter specifying the provided info meets the criteria for the current info class. They usually don't realize how long that part of the process takes as lawyer not only looks at accounting statements but also other info and either personally talks to or meets w officers or BOD for additional info and to verify veracity etc. Plus lawyer may have questions for accountant.
Even established current info penny companies go thru this same process of contacting lawyer too late each and every qtr so such companies are usually late in filing.
This is CWRN'S 1st current info filing so its not surprising they have followed the same pattern.
The DLC for 32 million would represent at least 165k tons of 3-18mm ore-which would be another 3 Kritons still to be shipped under the 32 million contract.
The 4-5 PR says 1-3mm sold under a new contract "while the company is preparing the second shipment" and the company looks forward to the "the next cargo vessel to be landed in the very near future."
Originally the bagged 1-3mm were to go by container(PR last fall).
If the PR is using their words carefully a cargo vessel would refer to 3-18 mm(as seemingly verified by 2nd shipment-having already executed 1st shipment of 3-18mm).
Whereas container vessel might be used for 1-3mm. At some point last fall they decided container too expensive but since the method they used to load Kriton was container anyway,they might as well use a container vessel for 1-3mm.
Any thoughts on whether the next ship will be for 1-3mm or for the 3-18 mm ore?
You are correct in using last PR's terminology of fines for 1-3mm-though in previous PR's,as in 11-22 PR, they use to call 1-3mm super fines and 3-18 mm the fines.
The 12-30 PR said 118000 tons had been processed by Christmas break out of 200000 tons of material. 35% of that 118k alone would be 41300 tons.
After Christmas break,they added more equipment and a 3rd shift under the lights-so they must've continued to process significant ore.By the time trucking started mid Jan processed(not waste) ore was reported as 165k tons.
I hope people understand the vicious games being played here for profit. Special interest groups who have been making money off attacking CWRN had to hold their breath somewhat when shipping was imminent -the shipping they said would never happen.
Now they out in full force-must have posted to all their friends to join also. They attack w an artillery barrage of lies -knowing that they can capture anybody who believes just one lie-same tactic cults use.
Libelous,fraudulent,criminal.
Give honest people time to do the investigation necessary to discover what is going on re their latest games.Its always easier and faster to destroy than it is to build.
The ce was not deserved-was a mistake-was a special interest group fraudulent trick-see my Jan 13-14 posts. Requires posting of all quarterlies back to Oct 7 2009 to remove no matter how inappropriately applied-which is probably done so now working on attorney letter for current financials -see past post re this.
There is yet no proof to back up claims of little ore at mine-one distant pic without sufficient field of view.
165k ore when began to truck-then added 3rd shift ,more equipment,optimized operation-so do the math or see my recent post re this.
They had a DLC for 32 mill-as noted by PR-so it wasn't a promotion. I've already posted re my conversation w OTC trading desk several times. PR helped break etmm etc months long stranglehold/depression of price so special interest groups who were being killed by the price rise fraudulently shouted promotion.
Since Christmas break began 12-23 or 12-24,118 k tons produced in about 48 work days and they reported 165 k processed when trucking began-at which point they added a 3rd shift -so were working apparently 24/7 5.5 days/week once 3rd shift began,at which time they added more equipment to increase production.
And several independents received guided mine tours of iron piles-not dirt piles.
The mine pic posted today is so distant and doesn't provide the angle of view to prove anything about ore piles at mine.
Nobody that I know of disputed the reported 165k tons at the mine at the start of trucking. And several people who have visited the mine have confirmed growing piles of processed ore there. Were they all hypnotized? I don't believe there are Martians who transported the ore.
Several people at different times,including recently, were given a guided tour of the mine and reported back here. You don't give guided tours if there is a scam or no product. We also have many many pics -see twellins compilation of pics incorporated in itmd's sticky summary.
I've been in other junior miners where there are no pics - no independent reports-no tours -no open communication-and those junior miners have not experienced 1% of the attacks from special interest groups CWRN has.
Mm's and special interest groups fraudulently manipulate every stock they can in order to profit on a pps fall.
However in a large % of penny stocks there is no potential and never will be so there is little available manipulation for those groups to execute.
So those special interest groups concentrate on the relatively rare stocks w potential like CWRN.
Those groups arrogantly expect to win EVERY time-which would effectively destroy market for all longs-taking advantage of most penny traders inability or unwillingness to do dd to stand against the nonstop unproven shouts of fire-and apparent ignorance of the games special groups play.
CWRN is 2nd most bashed stock I've seen and the only penny I've personally seen w this potential.
I have never seen the level or varied type of dirty tricks employed against CWRN.
I have not looked at CWRN since my last post so I don't yet know what to make of the games being played after my last post yet.
We have had more open contact w CWRN than any company I've seen.
We have had many independent reports and pics of the ore piles and every step of the operations and the 165 k processed tons at mine(which several independent visitors reported as growing) when trucking began was not disputed.
Somebody who personally visited the mine and port and saw port ore piles said there was 180k tons at port before the Kriton. He gave the port ore pile dimensions to a mathematics guy among us whose calculations based on those dimensions "confirmed" 180k tons at port.
Many independent reports of large processed piles at mine also-I believe those mine pile reports-don't know about port pile-the pic is too distant and not wide enough field to prove little ore there.
I have other work to do and can't babysit this 24/7 but people are looking into this.
There is a no holds barred organized attack against CWRN on this board last couple days.
Recent pics posted of port and mine are too distant and interestingly don't provide the total coverage necessary to prove the claims that there is no ore at port and little at the mine and at this point I am suspicious if the source of those reports is coming from the person who previously reported under that name and previously gave us some of the info which he himself is now disputing.
As I write this I am formulating a possible theory.
A long time supporter close to the action in a post some days ago asked those who said CWRN would never ship to apologize-including a long term CWRN critic who controls this board. Naturally his post immediately... and all the posts that referred to it.
Several people thought he would be banned because of that post.
Now suddenly "he" is singlehandedly(as someone said)"destroying" CWRN and contradicting many of the positive things he reported before.
HMMMM. Wonder if the recent posts under his name are really his????. It is very suspicious. I can't say more because I've just looked at this and have other things to do and don't like to make mistakes or malign people-and by saying this I am not maligning the person whose log on name is being used.
I grew up in a cult by birth and many have called on me to help them w such situations so I have witnessed dirty tricks all my life beyond most peoples imaginations. We are seeing the same level of dirty tricks here w same motive -to malign, discourage, depress, steal, kill and destroy.
Everybody will have to make their own decisions who is trustworthy.
At least you can email and presumably talk to Emily yourself-there is limited info she can provide though under the SEC rules.
At todays spot of $176.16 that minimum 300k tons still left to be shipped is $52,848,000 U.S. dollars. Its not there to just look pretty.
Its not surprising for a company to have a financial squeeze in this situation prior to first revenues,so a financial squeeze may have limited trucking.
Most thought they had that covered since the 2-28 PR said their investors were willing to back much bigger projects-so it was a logical assumption the investors had the trucking covered in order to recoup their money faster,especially as last we knew they were 3 million under budget.
Maybe investors were now concentrating additional investment on the new much larger mine in South central Baja. Maybe delay in shipping/shipping contracts/bugs was a reason also.
Now that they have revenue they can increase trucking to whatever sustained level the production will allow.
Exactly. Besides their buyer apparently wished to keep the contract price and details private because of fierce competition from other buyers. CWRN noted this.
We already know the approximate selling price(over 7 million for the 1st ship) and temeku has estimated a $90 to $100/ton profit-which would be about 4 million profit.
Most pennies would kill for that. I know a penny company in the computer industry that only made a 4 million profit out of a 140 million gross-and that was a record margin for that company.
We know the Kritons tonnage-42007.
Both its arrival and departure were PR'd-no secret-and whatever details the buyer would allow.
If you find any in penny land let me know-this is the only stock profitable or net income profitable junior miner I've seen anywhere near this price.
A short distance thru town from the South on their interstate and they turn onto a secondary highway that leads directly to the port in a relatively short distance-shouldn't be any problem there-and CWRN area is in South part of port.
The one who brought up a dust issue also said in scores of posts that CWRN would never ship etc.
Besides they can always cover the ore,whether in the truck or at the port.
If they continue to use the same loading method,they might just load the ore into the drop containers used to load the ship,as pesquero had suggested previously.
Itmd incorporated that photo collection-updated through 3-20-11, in his dd compilation in the stickies-only the one massive sticky now.
Even more important,now that they have substantial revenue they could easily truck a Kriton size load in 2 weeks as others predicted. Their PR's last fall were to ship 100k tons/month,which,utilizing the net loads etc provided to us by an independent source could be done with 24 trucks. 2 Kritons would be only 84k.
If they produced 118k tons at the mine from the stated beginning of production(though the 3-18mm custom separator was delayed)Nov 5 to Dec 23 or 24(only about 48 work days)how much would be stockpiled at the mine now?
They've had 3 months of production since that 118k tons at 5.5 24 hour mine workdays(adding the 3rd shift early to mid Jan)which is an additional 70 work days. In that additional 70 work days even ignoring the 3rd shift ,if they only had the same rate,that would be an additional 172k tons for a total of 290 tons.
Increased efficiency from the early Jan reconfigured assembly line plus more equipment plus the 3rd shift should have increased production ca 50%,but assuming only 33% would be additional 229k tons since Christmas for a 346k ton total.
Maybe more -they said they had 165k tons before they began shipping and surrogateson or tlc2 or somebody said the truck pics were date stamped Jan 11,so they may have underestimated at Christmas break. The ore piles at mine seem much bigger than they were at Christmas break.
At any rate they would have a minimum of 300k plus tons available to ship,which is consistent w peoples visuals of mine stockpiles and estimates etc.
RSI of 16(very oversold)at 3:56 pm. Only reason barely not "oversold" at 4pm EST is because rose couple ticks and so RSI of 31(RSI of 30 is oversold on bollinger bands)at eod.
I guess my thinking is different because during a lull on the job I spent a number of months learning pennies ,quickly poring over financial statements/financials of thousands of pennies and never found another penny in the same kind of transition from zero revenue to producing to substantial income like CWRN-certainly not a junior miner,where the potential is considered greater than most kinds of pennies.
So although its disappointing there isn't as much ore at the port as we thought,they will(as per Rockets source)have another ship come in ca May 1-another 7 plus million revenue(plus whatever they do with the 1-3mm to be bagged superfines). A good % of pennies don't have that much gross/year and an even greater % don't have a net of 50% of gross or more.
Only had 2 posts on Jaguar mining-using logic and asking special interest groups to back up their statements at least w some logic and I said not all of the info we had made sense . Only mentioned a few of my degrees in context once-you are the only one who seems to be fascinated by that subject.
I didn't openly declare it my life goal to destroy CWRN or claim that would be my greatest conceivable xmas present or devote a website to bashing Bob and use your posts to advertise that website.
You also claimed CWRN could not make any profit -that shipping alone would exceed price of ore in 2003 etc-but it wouldn't matter because we repeatedly heard CWRN would NEVER ship-we were insane to believe CWRN would EVER ship-ore had too much sulphur -the Chinese etc would never accept it-Bob was just a con man -he would walk away etc. And Bob couldn't tie his shoes etc and so many were scared away from the tremendous strides /pps increase that followed.
The website ,software streets programs and many others have confirmed 55 miles to port etc-but u would never accept any of these things no matter how much proof was offered and still won't.
Are they shipping or not? Isn't that the big question?
You had a 100 reasons why CWRN would never even ship and essentially promised scores of times CWRN would never ship so what are you worried about? The ship was a mirage right and we are all delusional right?
Remember the scores of posts about the trucking alone -that there weren't enough trucks in all of Mexico,they would be hijacked by the mob,the mob would use them to transport drugs, CWRN's residential neighbors would complain(there are no residential neighbors)the trucks would not be able to get thru traffic,the 55 mile trip to the port would be too much of a burden for professional drivers so they would commit suicide,wouldn't be able to find enough drivers and on and on ad nauseum.
In this situation of mm manipulation squaring up the paper work is one of the catalysts that might be required to break through. However, absent the manipulation market forces would have pushed the price up on 1st such historic shipment and all the good catalysts we expect shortly as recently enumerated e.g by Max Shocker.
As I've noted I've seen companies move all the way from ca .30 to ca 4.75 in months all while under a ce-though those companies were not subject to this level of mm manipulation.
I haven't been following the short % lately but that is very low compared to last falls 60 to 90 plus ,so hopefully they think they have run just about all the blood they can out of this turnip as the saying goes.
RSI as low as 10 or 20 near eod-about as low as I've noticed for any stock. Thus statistically would rebound-but no guarantees in this manipulation.
I don't know what it is either but a basic and simple principal of law is that prior uses like CWRN's are grandfathered under the old law if the new law is something that would prejudice CWRN ,given its promissory estoppel reliance on the old law to date.
Since it it hard to see what amount of ore might be present in the more distant present day pic,and since Bob said by 3-16 they were trucking for the next ship,there must be some ore there even if not anywhere near the 1st pile.
So I was trying to understand in the midst of the ca 500 posts today just how much ore is left-though the answer is not critical because they would now have funds to resolve any trucking bottleneck.
But even if they were only using the 7 trucks pictured twice by pesquero on different days waiting for customs to open and those 7 trucks only ran 2.33 avg trips /day and 3-16 was the very first day of trucking for 2nd ship there would still be 12500 tons left unless they stopped trucking after delivering enough for the Kriton or mis-calculated how much was actually at the port.
There could be several vertical feet of ore in todays distant pic and you wouldn't be able to tell from the pic(especially if it was off to the left behind the 4 vertical stack of containers,so I was trying to understand exactly how much ore pesquero was indicating was left-nothing?
That would be very strange as they didn't even start trucking til they had ca 150k tons at mine. The same conservative strategy re port ore piles would logically require a comfortable margin in case of error to make sure they had enough to completely fill the ship.
This was one of my many answers to this question over the last few months- from March 3:
I will answer briefly but I provided more info in my posts months back in answer to another posters persistent questions re this issue-who eventually came over to the long side.
The only reason the Mexican company was created by CWRN was to comply with Mexican mining laws. The Mexican company is private. It does not have stock of its own-so the only place the revenue CAN go is to CWRN shareholders. It is de facto a wholly owned sub though CWRN calls it an affilate presumably to comply w Mexican mining law.
Many PR'S include the following language:
"The Baja Pacific -- "Mina Guadalupe" is operated by Panamerican Minerals Ventures, S.A. de C.V., Ensenada, Baja California, under contract with CWRN and held in trust for CWRN by its principal officers and directors, Robert L. Cotton and Sharon Vazquez.
Who is CWRN? CWRN is the stockholders.
So this contract/trust is for the benefit of all CWRN stockholders.
As you can see from the pictures Bob and Sharon(who I believe is his wife-not just girlfriend)are happily married and working w each other. (Lots of people-especially when they have to work around or with machinery don't wear their wedding rings).
Sharon is Pres of Mexican co w Bob as VP-to comply w Mexican law -since Sharon is a Mexican national.
Bob and Sharon have CONTRACTUALLY REPRESENTED to CWRN shareholders that via the contractual relationship tying the 2 companies together that all revenues will inure to CWRN shareholders-which include Bob and families closely held 1.75 B shares.
They have represented this continually and consistently so they are BARRED/ESTOPPED from denying or breaking this contractual relationship w CWRN stockholders.
So there is a CONTRACT. Violation of the contract would bring legal sanction.
There is a TRUST. All property of the privately held Mexican company legally/contractually belongs to the parent CWRN VIA THIS TRUST.
If you make a will or trust to pass on your property,the courts will enforce that will/trust/contract absent considerations that are not relevant here.
By representing this relationship and even noting it in PR's,this also separately forms a de facto contract w every CWRN stockholder,each of whom could sue for violation of contract.
So,for Bob and/or Sharon to do anything else re the revenue would subject them to legal sanction. If they were to take the money they would be lifelong fugitives-which makes no sense since it took their entire lives to find this successful formula-and many entrepreneurs never find the formula.
And CWRN would still exist and keep operating w a new Mexican national "overseer" and revenues would still inure/belong to CWRN stockholders. And Bob/Sharon would forfeit their shares so CWRN float holders would have final say in the operations and probably have a pps share increase(after initial uncertainty) due to the reverse dilution-i.e Bob and Sharon forfeiting their shares.
All "western" countries recognize and enforce private property rights. Absent a Mexican revolution/Mexican nationalization and forfeiting of private property rights.
imo
Very good info from your friend. Cash from 1st shipment to facilitate and resolve any bottlenecks.
And report of next ship coming in perhaps 25 days.
They will have the funds to pick up trucking.
They had 165k tons at mine ca mid Jan and piles there look much larger now from a distance.
The reported extra excavators will make sure the mine has enough so they aren't limited in trucking.
And an experienced CFO to add to management expertise.
Maybe I should be asking pesquero but he has already instructed we ask the company:
For a presumed 55 days of trucking(assuming total of 10 rain delay days) since the 1st stamped pics of trucking Jan 11,that would be only some 800 some tons /day.
Feb 2-4 itmd and somebody else posted about 15 trucks and then "18 trucks and growing daily".
A couple times pesquero posted pics of ca 7 CWRN trucks lined up waiting for customs to open.
To truck only 800 some tons/day would mean only 7 trucks running an average of only 2.33 loads/day.
The only thing I can think of other than shipping delays is a tight money situation prior to 1st revenue receipts and thus reduced trucking until 1st shipment.
Since CWRN's backers obviously have deep pockets and are willing to finance much bigger projects(2-28 PR)I didn't think that would be a problem. Maybe it was,with any additional backer funds held for the new mine. Maybe the additional excavating equipment(todays PR) is a confirming indication.
At any rate they should be over that hurdle now and should now have the funds to resolve whatever bottleneck they have experienced.
These trucks are weighed at mine and/or port so the company knows how much they have trucked and is at the port,aren't they?
At 1st glance the 1st pic is startling because the foreground is the ocean-not the storage area. The 1st pic is also much farther away than the second pic so its hard to compare-even so it is obvious there is less ore in the 1st pic.
Possible. Hopefully sooner rather than later so market forces can regain control and hopefully stay in control with a larger group of investors who understand fundamentals.
Don't know what you mean by merger though as the de facto sub is a creation of CWRN's by and for CWRN-a relationship- that to answer special interest group postings -has been clarified ad nauseum.
Special interest crowd was certainly out in force today-unfortunately many apparently don't know who they are and so are influenced by their shouts of fire.
Where in the real world does 1st shipment-1st substantial revenues become a bad thing. What is a good thing in their eyes?
We can finally agree. Recognizing what you just stated is the first step to knowledge and honest dd. At some point when this is so far below real value that its ridiculous special groups may want to switch sides and go long.
I asked Bob March 16 if trucking had stopped. He answered that no it had {never}stopped(except for the rare rain delay day-they only reported 8 rain days during the unusually heavy precipitation winter-remember the huge floods etc in S. Calif?).
That on or before 3-16 Bob said they were trucking for the next shipment. They were no longer trucking for the Kriton shipment because the Kritons ore was already at the port. They don't call the ship until there is ca 90% or more shipload. And Kriton was at least 1 week late-change of ships etc.
People who were at the port at that time reported an amount much greater than necessary for the Kriton and Kritons departure was also delayed for several days. All these things should indicate a fair amount of ore at port-unless they immediately and totally stopped trucking after Bobs report and Kriton took a lot more ore than expected-which is highly unlikely-ship tonnage is well known.
At any rate the growing fundamentals of substantial revenue and high profit margin(many industries have a very slim profit margin)remain and should not be cause for panic.
These games are reason enough to move this to the big boards ASAP. I'm talking about mm manipulation and special interest groups w an obvious agenda crying wolf and shouting fire-and yet despite special groups obvious agenda many are cowed-the most frustrating part of penny trading for me. If you were a farmer and somebody came in to burn your crops and steal your livestock would you help them?
Re witnesses-even honest witnesses come away from the same visual observations w different interpretations-so much so that you often wonder whether they witnessed the same event.
Thats one of the reasons for the ancient requirement of at least 2 or 3 witnesses.
But in some ways people on this board have become spoiled by all the dd.
The other junior mining stocks I've followed don't have personal communication w stockholders and leave the same totally in the dark for months-sometimes for longer than a year and are often years from production.
I've lost money on just about every if not every stock recommended to me by others so I still wonder where people think they are going to find some magical better deal. Neither I nor anybody know has produced a better in fact deal yet.
I would presume so since Bobs 3-16 email to me indicated they were no longer trucking for the Kriton. That they were trucking/building a port ore pile for the next ship(s).
I assume that is what the second ore pile at the port was for -the next ship(s).
Thus they should have enough to call a second Kriton sized ship-but they may use a larger ship-we don't know yet.
Bob has told me and others he wasn't happy w the shipping games and so some of the delay in calling a second ship probably has to do w Bob dealing w the shippers.I know in his next contract w the shippers he was going to do things different.
Given the net loads and round trip times previously supplied by pesquero and last known # of trucks they could truck a Kriton every 2 weeks. Unless they stopped trucking but I had specifically asked Bob that and he replied trucking was continuing every day and port ore pile was building everyday[except for the rare rain delay day].
But with all the pushing and pulling on this board I'm sure many are not sure when somebody is being facetious-which is a caution against using such.
They pr'd the ship leaving. Spot price-used to set most contract prices now-is public knowledge. They already pr'd the tonnage of the ship. We know the ballpark contract price and iron ore content and CFR contract basis. All that is left is to do the math.
I'm not a consultant but if I were I would caution against attempts to depress news etc just to buyback cheaper-because there are dangers to doing so or keeping ce once revenues begin.
But there is no proof they are suppressing the news. PR 3-25 and PR today-doesn't sound like suppressing news. Also, not long ago Emily indicated there would be a formal announcement re buyback.
A small amount of buyback has probably occurred but not enough to make a difference yet and it takes time to go through the process of presenting bill of lading and clearing funds-so I doubt they could've done that before today and may not have finished that process.
When you deposit funds w your bank isn't there a waiting period before the funds are available. And doesn't transferring funds to a broker take additional time? Even when I wire it takes a day before funds are available at brokers I use-and I have to call them or they let it sit in the queue.
So any revenues received from this shipment are likely not even cleared yet to use in buying back-though they could use some of their budget to buy back.
I don't know what this has to do w the SEC. You will make your millions. Join the campaign to complain to the SEC about mm manipulation etc if you want to speed up the activity of market forces.
I just posted this but if you watched etmm since June you would have seen them manipulate this everyday-usually pushing down(lowest ask etc) but temporarily intra-day purposefully bringing price up -at least several times to a RSI of 100-at which point they apparently short-and then purposefully crash again. That is obvious mm manipulation -not market forces.
Whenever they lose control or have another blitzkrieg planned a cadre of their friends magically as if on cue shows up on the boards in what appears as a pre-planned attack-as they did re ce and certain PR's knowing about the news before we do.
They lost control after the 12-30 PR so they fraudulently shouted "promotion"knowing there had been no promotion-to get a ce slapped -to stem the tide of market forces.
Don't have a 100 pages here to quantify things that can't always be quantified-it just takes time and experience to be able to read what the mm's etc are doing.
The only safe long term bet is to play the fundamentals-and yes we don't have posted financials yet but we have a pretty good substitute in all the independent pics and dd. Also unparalleled open communication w the company apart from the financials.
Would you rather have fake financials (which some companies post-and you wouldn't be able to tell)without the independent pics/dd or open communication and a personal assessment of the CEO's basic sincerity etc.
Special interest groups arrogantly expect to win EVERY time -counting on the fear they create to motivate nellies to sell to them. So nellies flee from stock to stock always losing-because any stock where specials don't show is a loser stock w no potential.
Discouraging longs is a primary long term motive by mm's etc who either profit by shorting every peak(and etmm has purposefully created many intra-day peaks itself just so they can short from there)or stealing shares cheap long.
It is continued mm manipulation-not market forces-at work-as you can see just by following etmms activity on level 2.
But there are many upcoming positive events/catalysts which should break that manipulation again,as occurred after the 12-30 PR. When that happens the stock could shoot up significantly because it has been artificially depressed again for a long time.
They know nervous nellies are unable or unwilling to do dd or even grasp the dd done by others. Thus special interest groups continually shout fire to create a culture of fear,block new blood,scare off old blood. Thats the nature of the game. People should stand on the burgeoning fundamentals instead of being swayed by the "shout fire"special interest group.
Its extremely difficult to find another stock at this point in transition. Once these other catalysts are manifest market forces should again prevail.
Several people have posted the mm code. A 100 order is "I need shares". I haven't watched chart today but I've seen etmm put out the 100 I need shares signal before- which I think is the most desperate mm signal. For there are other mm I need shares signals which are coupled w other things. Maybe somebody can post what those 100,200,300,400,500 etc signals mean again.
CWRN should be paid some point this week if they haven't already. But its interesting to note Kriton is already several hundred miles west of Calif at a latitude of 35 degrees 20 minutes and longitude of W 126 degrees 45 minutes-at least 2 hours ago.
I posted long and lat for Ensenada earlier-ca 31.5 N lat and 116 degrees longitude. Each degree lat is 70 miles and presumably same for longitude.