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most low pennies take the full 90 days or longer to file 10k
since more than 1 10k and many 10q's are involved,it doesn't surprise me that the new auditors -new as of late April(26th?)haven't finished
thousands of pennies are not sec reporting in the 1st place
so if the reason for any sec action is to remove any sembance of sec approval why wouldnt the sec just note NEWC is no longer SEC reporting(until auditors are done etc)and has no imprimatur from the SEC?
the bully factor?-even w a new admin favorable to business
SEC can always call the auditors to verify
as 7th degree aikido steven seagal would say: "very good advice-very good advice"
ore didnt reach 45/ton til 2009 so such a k was reasonable then
still the same
and his pockets got emptied
Bob has not been ceo for years
again,that was BEFORE my involvement and BEFORE Oppenheimer received restricted stock june 2009-
my point was that no filings showed any restricted stock issue within 1 yr prior of june 2009-and w all the bashing since june 2009 no basher ever discovered any restricted stock in all the lengthy discussions either
so your attempt to discredit me fails again
interesting - never saw this before-was before i ever heard of CWRN- I had searched all filings for restricted etc and could not find any that said restricted(apart from any hard certificates issued to Bobs family with Geo receiving Emily's 50 million share hard certificate as per exhibit E? of CWRN's Sept 2012 complaint against GEO)
but oddly no detail is given on otcmarkets.com for this issuance- so otc doesnt mention this particular issuance was restricted unless it is subsumed under the "3% dividend shares will be restricted" which does not seem to apply to the Nov 20 2008/Dec 1,2008 issuance
what PR company issued this PR? -can't immediately find it by googling
the only share increase shown in the detail is a 6 for 1 increase in 2006 -
these were occurring prior to the beginning of actual operations ca june/july 2010 -and were partially occasioned by that fact and the necessity to pay ca 15k in expenses per quarter,as shown by limited info otc classification status in 2009.
if such restricted were issued dec 1 2008 such would remain restricted for 1 year til late 2009,so such could explain the receipt by oppenheimer of the restricted stock c june 2009
-again odd nobody had noticed that PR before -probably because such PR should have been confirmed by filings-which apparently nobody could find-I did find a dec 2008 filing i believe but it did not indicate the stock issued via that filing was restricted and that dec 2008 filing i had found was i believe for a small amount of stock issued for funds
from otcmarkets.com
Corporate Actions
Ex. Date Record Date Pay Date
Dividend () * Nov 20, 2008 Dec 01, 2008
Dividends are not adjusted for stock splits
Security Notes
Capital Change=Stk. Div.=3% Dividend shs will be restricted. Will not be quoted Ex.. Rec date=06/16/2006. Pay date=06/23/2006.
Capital Change=shs decreased by 1 for 75 split. Pay date=02/14/2006.
Capital Change=shs increased by 6 for 1 split. Ex-date=11-28-06. Rec date=11-22-06. Pay date=11-27-06
Capital Change=shs decreased by 1 for 500 split Pay date=06/26/2007.
Capital Change=shs decreased by 1 for 480 split. Pay date=10/30/2008.
you're the one who doesnt get it- brad, through his alias pesquero (naysayers 1st claimed brad was pesquero and then longs dd confirmed that) is the one i was talking about, who in his last post said brad was meeting with people re a pellet plant
SEC gives the CEO's 2 weeks to contact them and give them the info they desire. brad never even updated co info on otc.com so i doubt he ever contacted the sec which is probably why sec levies the suspension.
grey stock for those who dont know is still tradeable- within the parameters of the continuing dtcc chill-since brad apparently never did anything about such chill.
But brokers are forbidden from giving quotes in a grey stock - the ask and bid process- so to trade such stocks u have to do so blindly without the aid of such quotes - and in this case only if u have a piece of a hard certificate. Somebody -possibly geo-who had a hard certificate-sold such a long time ago and there have been occasional hard stock certificate trades since-sometimes once every 3 weeks.
govt hasnt figured out a way to illegally confiscate such certificates yet.
the number of grey stocks on otc.com varies widely- one time when i looked it was over 10000 stocks - which usually exceeds the number of non-grey stocks on otc.
it is possible cwrn holders will get something for their stock- anywhere from a financial settlement w geo in the california arbitration case (cwrn's complaint alleged geo had profited up to ca 5.3 million from improperly trading restricted by contract stock -part of which allegedly caused the dramatic 2011 pps drop-so stock holders of record at that time may receive something and there are other possibilities -possibilities which are not any more remote than all the unprecedented illegal takings against longs.
c june 2009 a Boca Raton Oppenheimer broker accepted a small amount of restricted CWRN stock before its time-non sec reporting co's restricted stock doesnt become free trading for 1 yr after issuance.
DD showed Bob didnt even issue restricted stock(other than hard certificates to family members and the restricted stock was not such a hard certificate). It was oppenheimers error to accept that small amount of stock before its time- opp received a slap on the wrist-a fine which was very small cf to opps revenue.
ca $6000 in stock was probably less than 1/10 of 1% of the stock.
its so bizzare its hard to come up w a proper analogy. The authorities dont confiscate all cash in the economy without notice just because at any given time there is always millions of counterfeit dollars floating out there.
If a grocery store received a small amount of product that was expired the authorities dont come against everybody who bought from such store over the previous years and dont confiscate their groceries without compensation.
Meanwhile dtcc illegally took our stock-our property without notice-even though we had nothing to do w oppenheimers error.
those who are aware of the law like myself thought these would be temporary things because they were illegal on a scale never experienced before adcould not even be imagined- thats where the true scam was- these illegal takings greenlighted by a politician who thought all business was evil and had to be stopped.
Bob didnt even know where the restricted stock could have come from and as i said dd confirmed there was no issuance of restricted stock esp in the previous year.
Out of over 100 oppenheimer offices the improper acceptance of the restricted stock before its time-and the stock would have been free trading at least since 2010- the improper transaction occurred in boca raton florida, a high fraud district where the corporation that previously inhabited the cwrn legal structure(sometimes improperly called a shell)-Casino Airlinks- was based. So one thought was that a principal of casino airlinks had somehow traded his casino airlinks stock for cwrn stock -makes as much sense as anything else.
SEC went through all CWRN stock transactions and could not find anything improper w such.
CWRN had no part in oppenheimers error, let alone longs-who are innocent 3rd party purchasers-again a legal term- innocent 3rd party purchasers are NEVER held liable in the law.
When these co's issue restricted stock it is not free trading for 6-12 months -depending on their sec status. These co's usually get into trouble when their lawyer or ceo issues a letter stating that previously restricted stock is now free trading-based on the amount of time that has transpired since its issuance etc.
But Bob never issued restricted stock,let alone in the year prior to the oppenheimer transaction,and thus never issued such a letter.
and such stock would've been free trading by 2010 anyway-so what was dtcc's excuse for keeping the stock chilled-there is none imo.
For those who dont know,brokers began unconstitutionally restricting the stock without warning-punishing innocent 3rd party purchasers(a legal term)de facto preventing anybody w a large long position from selling while some of them shorted the stock-a blatant violation of fiduciary duty.
then again without warning or even prior notice to cwrn dtcc chilled the stock. Brad apparently made no attempt to follow up w dtcc's 2013 whitepapers which(apparently under pressure from congress) set forth a due process process to remove stocks from the chill.
but why should he-last we heard years ago the surrogate or alter ego said he had no responsibility to keep stock holders informed.
i guess some will never get it
this was never a scam- many hundreds of pics and pr's etc showed much equipment and 100's of thousands of tons shipped
some continue to ignore the real world reasons-Bob has not been CEO since 2012 and sold to Brad c may 2013- but Bob continues to be picked on - strange nothing bad is ever said against the person who had been ceo since 2013, who never even updated basic co info on otc.com and for which reasons sec suspended the stock and who never gave us a pr after may 2013 and who never even notified us he didnt have the concession anymore.
Apparently brad never contacted sec either. How is Bob to blame for that? Bizarre.
And strangely the reasons why everything shut down are totally ignored - i guess thats so all the blame can be put on an ex ceo.
And it was Brad through a surrogate or alter ego (as 1st claimed by naysayers and then confirmed via longs dd)who talked sometime ago about meetings re a pellet plant.
BUT many dont seem to even know Bob sold to brad in 2013 because their posts act as if Bob is still CEO.
people, make sure you read this letter -very important - pictures of beginning of actual operations and thus coal income -plus hemp etc income, which as per PR's had previously started
coal is being trucked to ports plus pics of hemp etc farms
from the letter:
''The good news is that our accounting firm has all of the work complete and ready to submit to our new auditor who is being engaged. We will be filing a Form 8K disclosing the resignation of MB and the engagement of a new auditor that will commit to completing the audit as quickly as possible. They will be auditing Q2, Q3, and 10K for 2015, Q1, Q2, Q3, and 10K for 2016, and Q1 for 2017. This will bring us current and allow us to raise the capital necessary to finance our operations, although most coal deals will be financed with instruments that have no regard for the public stock.
We decided to file an 8K today with the unaudited preliminary annual report for December 31, 2015 and September 30, 2016. I'm happy to report that since Sept. 2016 we have extinguished about $ 800,000 in debt, in addition to the elimination of a $ 1.50/tonne royalty payment due on coal sales from our Guaduas property. ''
is there anything in particular you are referring to?
I've been waiting for 10k and so forgot time - kept looking for new 10k-if auditor found something highly egregious it shouldnt have taken the auditors from nov 9 to Apr 21 to decide to withdraw- just as likely a scenario is that campo blew his top at the delays-as would i after waiting that long for the 10k-but we dont know yet and i'll take a better look when i have more time
wow!!!- Bob owed Brad CWRN ?-Bob owed Brad millions? how do you figure that-only could be straight from pesqueros mouth -pesquero reportedly made a huge killing off selling his CWRN stock long before using supposedly said money to make a down payment on CWRN
he reportedly bought the mine across the road possibly w such money, which mine never sold any ore-it was brads mines which never sold any ore
PR's point out how millions were paid to investors and suppliers from 1st ship kriton alone-as to the millions reportedly held by the jv partner you'd have to see CWRN's complaint against Geo
Brad never even provided any info to otcmarkets -never even updated owner there nor officers - nor is there any evidence brad had any cwrn officers or directors- co evidently was operated as a private co by brad who thru an apparent spokes person said he had no obligation to keep stock holders informed -and yet you take his side -why?
http://www.otcmarkets.com/stock/CWRN/profile
correction- the requirement to invest 5 years into a concession apparently only applies to concessions never worked or opened before
with longs withdrawing from mod positions somebody else grabbed a mod post and began blasting away at bob sharon and me- i wondered why myself -why start up again when stock has been chilled by dtcc forever and ceo has said thru alter egos(as per naysayers claims and longs dd) or messenger that he does not have any responsibility to keep stock holders informed
does somebody have inside info that dtcc chill is going to come off? I have no evidence of that- ceo would have to take a proactive stance on behalf of longs -something we havent seen- by utilizing dtcc due process white papers formula -to get the stock unfrozen
since mexico apparently requires a greater investment into a concession 5 years in, the ceo will have to do something to invest or relinquish the concession before too long -and last i knew he hadnt even paid for CWRN yet except for a down payment- what has happened since i'm not sure other than the usual legal battles longs have been following in the extremely slow mex legal system
china is very particular-we saw pics of china testing ore for most if not all loads and zhao and others were personally testing ore at drill holes -we posted many lab analysis of samples 62% and above
the only load below 62% was 1st load because they hadnt acquired the 1st 68 drill hole results yet before 1st ship-all been posted many times
the seams read as high as 67%-also saw pic of that
the ore always tested low sulphur- and proof was posted many times- out of 30 concessions explored they chose 1 of the higher iron deposits in baja 14-high sulphur has always been your invention
crappy is your invention also- china doesnt buy crappy ore -they are very particular and china tested the ore many times and high chinese iron ore officials were on site many times as shown by the pics
i didnt copy my knowledge from the internet in my explanation of organic fert and it wouldnt matter if i did- you never learn anything and your personal vendetta w bob has been obvious from the beginning
rocket and i and others posted the composition of the fert also
as i said its not just the iron-its the other trace minerals in the particular deposit that made it useful as iron fertilizer
and i didnt say anything whatsoever for your dishonest reply about vale- i dont know the trace minerals etc in vales iron and you evidently dont either-likely its not useful for iron fert-
the 150 or so page official usa iron document i posted pointed out that almost all usa iron had such a HUGE amount of impurities -we're talking ca 49-50%- that all such usa iron ore(from the main usa iron ore region of the northern midwest) had to go thru 1 or more beneficiation processes -and even w such they were evidently not useful as iron fert-also it would have been more difficult to truck such to the major west coast organic market
sure sounds like you are the new ceos's spokesperson now w your sudden flurry of posts taking his side
odd that if we didnt hear from bob for a couple weeks out would come posts of cwrn's demise-the sky is falling- yet we've heard nothing official from the new ceo since may 2013 and he's said thru spokesperson as i've explained that he has no responsibility to keep stock holders informed -amazing double standard- can you explain that??? why do you never fault the new ceo??? who last i knew hadnt even paid for CWRN yet except a down payment
and who reportedly hasnt produced anything-only screened apparently some of which was already mined- of the ilia cargo 45k tons of that was already at port trucked there to port by bobs cwrn and the remaining amount was apparently produced by bobs cwrn also
so odd that a certain group never says anything against the current ceo -which would be on topic- and instead concentrates on attacking a ceo from many years ago who is not responsible for current cwrn conditions
I believe it was their foreman Bullit who posted Sharon had a degree from the university of Madrid (supposedly a bachelors degree) and some connection to a respected univ in mexico also, which name escapes me momentarily-
and dd showed she continued her studies since leaving CWRN- obtaining another degree since then- sentient humans sometimes do that in this ever changing world-when you stop learning you start dying-its of course not relevant to present CWRN operations but combined w her CWRN resume experience the new degree would make her more valuable in any business venture,including mining
as I've said before those who came before me here such as itmd killswitch and bullitt said Sharon and Bob were married-they indicated they had personal knowledge of such-
I had no reason to doubt them-and I believe their own foreman or killswitch(changed his moniker to 0's and 1's) posted they had been married since 2007 or whatever- since they were obviously together I assumed it was the truth-I never asked Bob-I never considered it relevant to the operations and nobody has ever made the relevance connection
and mocking another culture is not cool in todays world-in Spanish culture women typically have 4 or more names,both as per dd and as per posts by a latin woman-Rich Girl- explaining this on this board
I dont know what these personal attacks against me or against Bob and Sharon(who haven't been running CWRN since early 2013) have to do w the present CWRN- they are off topic or removable as personal attacks
also peoples relationships often change over time especially in periods of stress such as they endured in encountering all the never before seen manipulations in mexico and the usa which bombarded these iron startups
so at the time of a depo their relationship may have been on hold- I didnt consider the exact nature of their personal relationship relevant then nor do I now-and they may have gotten back together -I dont know and I fail to see any relevancy to present operations under a different ceo since 2013
apparently you've never seen iron fertilizer in the stores-
iron uptake is necessary for plants as it is for humans-see the following as an example
iron fertilizer products
http://www.smart-fertilizer.com/articles/iron
i posted a maybe 150 page official survey of the iron supply in the usa a long time ago- which article pointed out at length that almost all the usa iron ore had to go through extra processes to remove a huge % of impurities-ca 50% of impurities-the usa iron ore also was not suitable for fertilizer-
i've had no reason to search out the specific impurities and %'s of vales ore to determine whether its suitable- the iron ore used in the usa for fertilizer is often the azomite which comes from the southern utah region but as noted many times its very poor in iron content- only ca 1.73% iron
if you ever do any dd re iron fert you'd know it usually comes in 2 or 20% concentrations
its not just the iron content its also the presence of small amounts of other useful and compatible minerals etc that make the particular deposit useful for fert
as Bob I and Rocketman educated readers many times OMRI- HQ in Eugene Oregon- is the largest organic (including iron)fertilizer organization in the western usa -a go between and resource for cooperatives which buy process and sell organic fertilizers.
CWRN's iron was unusual in having very few impurities harmful to iron fertilizers and Bob,whether partly or totally a result of the fact- unlike many iron producers, thus searched the matter out- and had discussions w either OMRI or fertilizer processor/buyers via OMRI- as noted in PR's- and thus apparently some of the iron fert was eventually sold to Oregon-
its a rapidly growing market especially in liberal minded areas (and also among some health minded conservative groups) like the west coast where theres a huge healthy living back to the earth movement to grow your own food organically- such organic growers would not be interested in non organic iron products- i was an organic gardener as a hobby since age 4.
There have been many tv documentaries(for those challenged people here who cant read or understand or learn from the written word)
documenting these organic food movements anywhere from inner detroit and inner LA to smaller towns and rural areas.
the expensive highly customized equipment ordered from Oregon and received May 12,2012-see PR's- was for the purpose of separating the regular iron byproducts into .5-1mm sinter iron ore and the smaller .5mm minus product suitable for organic iron fert- the plan was to ship such to someplace in the usa- PR's etc mentioned Oregon-ca August 2012 since the regular iron product was being held hostage at the port(see PR's etc)
but the July 1 2012 Pres elections were contested all the way to the Mexican Supreme court-just like the Gore Bush election was -and that Mexican legal battle took months- at the same time CWRN learned Mexico would require an iron export permit to the USA for the fert -and they couldnt get such a permit due to the national Mexican political battles
so since they had all the expenses necessary to get those various products ready and couldnt ship any of those products due to the unusual combination of Mexican political and port problems they had to stop production Oct 2012
these personal character attacks against somebody who hasnt been running cwrn since 2013 are off topic-in case you didnt know cwrn has had a new ceo since spring 2013
as postings and dd showed over the years Bob Sharon and Bullit explored ca 30 concessions in Mexico over the years before deciding to produce Baja 14-which they did.
Mina Bonet-in baja as it says-the one revoked here- is one of the concessions Bob explored and after CWRN he may have considered further activity on mina bonet-but instead he moved on to a bigger mine on the SW Mexico mainland
the top of the blog explains this is the mina bonet mine--NOT his present private mine/concession-that is concerned here-so nice try to confuse and deceive again
from the top of the blog:
"Iron Ore Miner: Mining Mexico 2003-2017 Algodon Resources LLC. U.S.A. Algodon Resources S.A. de C.V. Mexico Baja California Mina Bonet 5,000 has. Massive Iron"
it was cwrn's mine -so cwrn supplied the ore-nobody can debate that-Geo never did- thats why cwrn was allowed to prevent Geo from accessing the mine after august 2011- after which cwrn hired another ship facilitator as per sept 2011 PR -cwrn paid employees and vendors and bought equipment and rented other equipment from their cut
co's dont supply the product without getting their cut - thats basic common sense -problem is as per cwrns complaint geo allegedly withheld money which they apparently collected as the ship facilitator before geo was kicked out
its easy to just make false blanket statements ignoring the thousands of pages of presented facts
and if i dont talk about events in 2006 thats long before i was involved and irrelevant to operations etc once i was aware of cwrn and before the PanAm mine started producing
thousands of pennies were impacted starting in 2009 due to hostile policies created or fomented by hostile political forces -something i've described in great detail and no sentient humanoid could be in pennies during that time without recognizing unprecedented illegal moves against thousands of penny stocks-restricting thouands of pennies during that time frame-cwrn got caught up in that illegal dragnet
besides the personal hatred against bob which exceeds reason the
denial of the basic facts exceeds reason and i know why those beyond reason attacks endure-and the reason is ugly
instead of just denying facts if you were honest you would research for your self and see e.g that the Mex Pres election of july 1 2012 was contested all the way to the mex supreme court in july and august at the same time the mex govt suddenly demanded iron ore permit for the fertilizer product -some of which was eventually sold-and since said product was being sold to the usa CWRN didnt have a USA exporter permit -and no permit could be obtained due to mexican political challenges-
brokers/dtc etc unconstitutionally restricted thousands of penny stocks without notice-something which violated every rule of law and never occurred before -all part of a massive political campaign to destroy business because a politician decided business was evil -this has all been documented -i even personally saw the sympathetic tv documentary re this
an oppenheimer office in boca raton where the company which inhabited the cwrn legal structure prior to ca 2006 received ca 8k of restricted stock-which i've shown via docs etc did not come from cwrn- and yet dtcc- a shadowy organization- thus chilled all cwrn stock -
look up innocent 3rd party purchasers in the law- 3rd party purchasers are NEVER EVER held liable for the wrongs of others
-it was oppenhiemers oversight- the very small amount of restricted stock was just a drop in the puddle - CWRN had nothing to do w the restricted stock -
yet dtcc chilled ALL cwrn stock-the stock of 3rd party purchasers-longs -without even notifying the company -for those who know the law these unconstitutional takings of innocent peoples property without due process were unbelievable and without precedent -far far larger than any illegal undertaking before-and thus those in the know re the law thought these things would be temporary - but those who have no knowledge of those things and their unprecedented illegal nature will blame the co or leading longs in order to destroy longs or former longs
similar things happened re Mexico's blocking cancellations of permits etc without notice all because of illegal mines elsewhere controlled by cartels- you dont throw overbroad rules and cancel permits etc without warning countrywide when you know where the cartels mines are- yet thats what mexico did- e.g as bingo publicly posted their ship permit or whatever was cancelled 5 minutes before signing in dec 2011- that is not the ordinary course of business
over 90% of penny mine startups fail and most never produce anything- cwrn produced all those 135k tons prior to the Ilia plus the 68k Ilia tons- against all odds- having learned valuable lessons no doubt from previous mining ventures elsewhere-over 20 would be jr mining operators asked Bob for advice partly because cwrn was the 1st co to produce iron ore in baja -we saw a iron mine just across from cwrn was unable to produce,let alone ship
as per other reports that was a very misleading 2013 PR and the last official word from the current CEO, who through 1 or more spokesman(who as per both bashers and longs dd), has said he has no responsibility to keep stockholders informed
the CEO is probably sorry he even issued such PR because at or about that time or shortly later the CEO's Navial business partner or banker or backer(who reportedly paid for the expansion of much of Navials concession empire) or whatever reportedly absconded w the Ilia revenue-which is most likely the reason why things shut down-that had nothing to do w Bob -and the current CEO has the responsibility to recover said 'stolen' revenue-but we've heard nothing about any attempts to recover said revenue on CWRN's behalf
reportedly the 2 lawsuits CWRN was dealing with were against Geo who as per CWRN's court claim filed Sept 2012 had withheld millions necessary to keep the ships rolling,and with the port which had held CWRN's port ore hostage. As per court docs Geo didnt prove any of their claims against CWRN -except both parties were apparently found in violation of the intent of the JV (i'm guessing thats because Bob kicked Geo out of the mine after Geo reportedly withheld millions as per CWRN's complaint)
and CWRN won the suit against the port for the ore-which is what allowed the new CEO to ship on the Ilia!!!!!
That happened just after-maybe a week or so- Bob sold to Brad
Bob has said if he knew the court would rule in his favor re the court ore just after he sold he wouldnt have sold- but w money going out and the ore held hostage for a long time he didnt have much choice
a series of rule changes and govt broken promises tied up CWRN's port ore-some of which are noted in the PR's- and have been abundantly reported before-and the govt suddenly decided the fert required an iron ore permit-since the largest constituent was iron ore-and no permits were being granted because of July August 2012 court challenges to the new Mex political admin-and then they were dealing w a lame duck President-which if you know how business is conducted in Mexico made it difficult to get any permit-so CWRN had the expensive trommel etc received May 2012 and were blocked from shipping-which is why they had to shut production Oct 2012-
last I knew the new CEO had not paid for CWRN except for a down payment- so some of the equipment was reportedly eventually tied up in court-and the new CEO reportedly sold some other of the equipment-and reportedly was dealing w far more lawsuits than Bobs CWRN- some of which have been tracked by longs dd
its interesting the hatred held against Bob who had to deal with unprecedented circumstances both in Mexico due to overbroad regs and cancellations of approvals (due to govt dealing w illegal mines elsewhere)
and due to political reasons in the USA which impacted and hurt thousands of penny co's- including stings against penny co's via unconstitutional political orders by an elected official who decided business was evil and had to be stopped-and succeeded in stopping many penny co's -even reversing previously approved permits
but its easy for naysayers to ignore all this and thus blame one party
the PR below describes some of the difficult and everchanging circumstances Bobs Cwrn had to confront
LAS VEGAS, June 25, 2012 /PRNewswire/ -- Cotton & Western Mining, Inc. (OTC/Pinksheets: CWRN) -- The Qin Hai Bulk Cargo Vessel sailed out of the Pacific Ocean Port of Ensenada, Baja California, Mexico on June 13, 2012, with a full maximum load 43,829 WMT of Raw Crude Iron Ore sized 1-10mm under contract with Bao Steel. 45,000 WMT remains stockpiled at the port pending dispute resolution with the Mexican Authorities over time lapse in customs. The company began trucking on Oct 24, 2011 through Nov 11, 2011 for a shipping date of Dec 21, 2011; during the month of December, 2011, all iron ore export permits were canceled country wide, and new export regulations became effective overnight. The new iron ore export regulations not only required an iron ore export permit from the Secretary of Economy, but also included a Customs iron ore exporters listing; this entailed a series of Government audits, from the Tax Office, Mining Office, Environmental Agency and from Customs if the company had any prior exports of Iron Ore. Panamerican Minerals Ventures, S.A. de C.V., the Mexico Iron Mining Operator, begin the process of re-qualification to meet the stringent and rigorous new regulations. The Company received the new Secretary of Economy Export Permit in January 2012; however, the audits and other time consuming efforts for Customs listing resulted in the Company becoming one of only a few mining companies authorized to export iron ore from Mexico, on March 6, 2012.
YOU'VE ALREADY BEEN told where the money went- and the last 3 co's are assoc w brad- not bob- and the tmt co's are assoc w geo
and to my knowledge no shipment has been claimed from algodon yet etc
so whats your point? mining- if you know anything about startups- is one of the hardest startups to succeed at-so the bravest entrepreneurs sometimes try a mining startup at the end of their careers -just to see if they can do it
Brads spouse is a native Mexican and very possibly indigenous to boot-
fyi there is no requirement to have a native spouse -but at the time CWRN incorporated there was a requirement that any Mex sub of an American corp had to be headed by a Mex native/citizen-just as there were rules against foreign ownership in boundary zone extending variously 70-100 miles form the USA border
Many PR's referred to the 1st 2 ships-
spot at time of 1st ship was 175-192, spot at time of 2nd ship was 170. Its too late to go back and undo these sales as much as some try. Its too late to take CWRN back to pre-production,pre-revenue and pre-net income.
From a look at these PR's its obvious the net income from these ships was millions per ship-as confirmed by public spot prices.
Since only 30% of 1st ship net paid off millions in investor debt etc this is also confirmation of the market price of iron at time of these ships.
Re dist of revenues from 1st ship Kriton
May 26 2011 "Revenues Distributed, 2nd Bulk Shipment Close"
Quote: the company under Irrevocable Assignment of Documentary Letter of Credit Proceeds, distributed the revenues from its first bulk shipment of iron ore under the following percentages; 60% to ongoing operations, 30% to Project Investors and 10% to Management. The Project Investors recovered approximately 75% of their cash contributions; The Ensenada International Terminal was paid approximately $320,000.00 for receiving, storage, material handling and cargo loading, $356,000.00 was paid to Road-Runner Trucking, $1,115,000.00 was paid to COSFAR Bulk Cargo Shipping, $220,000.00 was paid in royalty fees and surface rights. The Company was also able to meet its obligations to PowerScreen of California paying a balance of $975,000.00 for the crushing equipment. We would like to thank PowerScreen for their ability to provide us with over $1,500,000.00 in equipment that was paid off under settlement of DLC proceeds, without their help it would have been very difficult to secure the equipment we had specified for the production. The Company will be receiving more equipment from PowerScreen shortly.'
Importantly they bought major screening equipment to enable processing of the 1-3mm ore,
reportedly paid off 75% of investors cash contributions w only 30% of the revenue from 1st ship-so that confirms large revenue because those cash contributions were reportedly in the millions
,management received 10% to go towards ca 2 million they had advanced towards the project, but 60% went to operations. They also reportedly acquired previous 68 drill hole reports at this time-which led to the Coloso etc veins
Revenues-3rd and 4th orders of ca 60k tons -this was pieced together from several sources/several people.
By default I'm the one that collated the info from multiple sources to present it in a summary form-the info did NOT come from Bob to me-in fact when I 1st heard it I did not believe it because it represented a change in course from what I knew as an informed investor.
And yes auditors do collate from multiple sources to verify-better to have 2 sources than 1 and 3 rather than 2 etc
orders 3 and 4 were paid for by buyer at port-Bao-as confirmed by Apr 13 and 6-25-12 PR's- because Bao had an interest in CWRN jump starting more equipment/larger production and wanted to use larger ships to carry multiple orders for a large savings in shipping costs.
Besides a small steel company is not going to pay before its shipped and sometimes play a game of chicken(the sue me if you can game played by some buyers after they receive the ore-thats why iron sellers get a DLC from the buyer 1st-and then theres still sometimes a game of chicken) after shipped, as we saw w the 1st ship-always things to learn in the dog eat dog world.
This 60k tons was -independent source-ca 140/ton-which was spot at time-and CWRN based on spot as noted by Nov 17 PR etc-spot pricing is the common pricing regime last 2 years based on actual market contracts-CWRN vein ore has tested as premium -even on 1st ship which wasnt from the veins-before they acquired 1st 68 drill hole results-they had 58 and 62% plus ore-the 2 benchmark standards
The probable 4.2 million profit from this-based on publicly known spot prices- went to more equipment--every nickel had been reportedly going into equipment/operations-which we have seen from pics- to expand operations and products-so they can obtain additional revenue streams
see Kubisiask5's equipment list in MaxShockers dd compilation
1)exotic looking cat 8 dozer-have 3 cat 8 dozers if I remember right from the equipment list in the stickies
2) heavily customized heavy duty trommel w heavy duty components -would cost 1.5 million new (grajekk)-has been processing 200k tons of fertilizer and pellet feedstock byproducts
3) Terex 400 loader w double capacity of CWRN's other loaders -for loading trommel etc
4) additional drilling w larger drilling equipment to begin calculating proven reserves-a big step for a lot of things
5) environmental compliance and associated structures seen in the pics
6) other equipment-feel free to mention additional equipment u guys saw in the pics since Dec
7) there were additional dozers, a 2nd cat 740 hauler (would be 800k new) along the way-but this shows how a large proportion of every sale is going into more equipment to speed up production and create additional revenue streams
8) 2 cat 330 excavators-these are much larger than the original 4 leased excavators,also added very large cat 365 and cat 375 excavators last fall-grajekk had said the cat 375 w ripper bucket could triple production alone
9) more dozers
Probable many million plus net income so far-not counting publicly disclosed cement income-see bingos posts- based on known spot prices and average costs of juniors etc-based on thousands of hours dd rather than baseless satirical comments--dont know how much income CWRN is getting from cement product disclosed publicly by CWRN on another board-
Kriton 38524/ton left Apr 2nd 2011--price was unknown but was reportedly more than the 155 somebody posted at the time-spot was 175-192 during that time-both 58% and 62% ore (hadn't reportedly acquired previous 68 drill hole reports yet which led to Coloso vein from whence Loreto ore and all subsequent ore came except for substantial 1-3mm already in inventory) millions of cash contributions from investors were paid off from just 30% of the income from this ship alone
]
Loreto left Aug 8,2011 w 36002 tons millions of profits- ca 170/ton spot- 1st order to come from the higher quality veins see Aug 8 PR (not on marketwire)
the 3rd ship left June 25,2012 with 43823 tons (manifests vary somewhat but amount is irrelevant and small),just as forecast by the Nov 17 PR,which said the next ship would be 40-45k tons. Somebody else discovered the ship-its called dd -and then we tracked the ship via various public ship tracking sites-its again called dd.
4th ship was originally expected Aug 2012 -possibly for the ca 75k ton sinter fines processed by the trommel -see last 2 PR's,or for fertilizer-which seems more likely from the last communication of substance to somebody 10-24-12
shipments 3 and 4 (ca 60 k tons total) paid for in Dec 2011- thus all the millions in new equipment--1 independent source says for 140/ton-about right- spot was ca 140 then (now ca 148 last I knew) plus premium ore
so 134526 tons sold give or take a few 100 tons in 2011 and 2012 for ca 155/ton average or more
-some juniors have negative cost due to premium ore (5/ton for every % over 62%) see Cohibaman's article in Max's dd summary so avg jr miner cost is ca 20/ton plus shipping and trucking (trucking was 9.24/ton for Loreto) 1st 2 loads shipping were ca 30/ton but a Panamax shouldnt be more than 15/ton?as per my extensive calculations posted back in October
since then I've more accurately calculated CWRN cost of pro at probably 10/ton-and when the byproducts are sold should have a negative cost of production-as with some other juniors
start up costs probably raise costs and are unknown but going forward costs [all things being equal] should fall and ancillary income streams of sub 1mm iron chips, fertilizer will kick in- CWRN already has cement revenue stream[which seemed to stop at some point].
part of orders 3,4 and 5 shipped on the Qin Hai-June 12,2012 DWT of ca 45600 tons minus ballast ,water and people is ca 43823 tons shipped-(Nov 17 PR forecast ca 40-45k tons)
-independent pics as well as CWRN pics showed order 5 trucking at port ca Mar 19,2012 -depending on size of order 5 that would be more than the max size of a Panamax-(orders 3 and 4 reportedly total 60k tons) which are rated at 60-80k/ton but cant carry more than ca 75k because have to leave room for people,fuel and ballast
last shipment was 68069 tons on the Panamax Ilia as per May 19,2013 PR -I've postulated from various sources that the Ilia income was taken by a partner of the new "owner" -money thus owed to CWRN stockholders imo -who thus last I knew didnt finish paying Bob for the CWRN concession and equipment; and operations-presumably due to that lost Ilia revenue- stopped sometime after that.
Unfortunately the new owner,via an alias claimed by naysayers and seemingly confirmed by longs dd alike- says he has no duty to keep stock holders informed-and thus the last official word was the May 19,2013 PR.
Aside from the usual litigation resulting from unforeseen circumstances, concession owners are required by the govt to increase spending 5 years into a concession. Thus,aside from any possible extensions by a court,it seems Brad would have to put an increased level of investment into the concession 5 years from the time he acquired the concession April or early May 2013, or lose the concession,as has occurred with 100's of thousands of Navial concession acres by 2014, as per independent articles posted by Clark, Medi and myself.
but, no matter what happens going forward, ca 135k tons up to 2012, plus the Ilia's 68069 tons, were shipped-as confirmed by 100's of pics, articles, PR's and documents. Denying that is ridiculous.
exactly-if you have it and dont need it you can get it-otherwise you have to rely on less certain sources. And since mining startups are capital intensive its hard to get the necessary funding from a source that is satisfied with just a reasonable rate of interest-which is what what you need to avoid the uncertainties of jv's-where you cannot control the actions of others,no matter what kind of agreement.
the moral of the story-in both Bob and Brads situation-is you cannot rely on the moneymen- they more often than not it would seem would be the downfall-so you almost have to be rich and front the money yourself -or obtain a reliable source of such
http://r.search.yahoo.com/_ylt=A86.JyGj96NYeHIAvuYnnIlQ;_ylu=X3oDMTE0ZDl2Mjg2BGNvbG8DZ3ExBHBvcwMxMAR2dGlkA0ZGVUlDMF8xBHNlYwNzcg--/RV=2/RE=1487169572/RO=10/RU=http%3a%2f%2fwww.e-industria.com.mx%2fes_beneficio%2f2417%2fmineria-baja-california%2f/RK=0/RS=vEzPLNgg48pNv._q5RGI9PBat_k-
a couple of navial mineria images from some time ago
http://r.search.yahoo.com/_ylt=AwrTca_68qNYLUAAgOInnIlQ;_ylu=X3oDMTEzanAxNmJyBGNvbG8DZ3ExBHBvcwMxBHZ0aWQDRkZVSUMwXzEEc2VjA3Ny/RV=2/RE=1487168378/RO=10/RU=http%3a%2f%2fwww.navial.com%2fimages%2fNavial_Mineria7a.pdf/RK=0/RS=Gp0xLpz.9Bq7qqlUfYEOneHg7lE-
I assume-based on trends and excellent dd by mediscience and the last articles posted on the subject in 2014- and the govt requirement to increase spending once a concession is held 5 years, that as Navial concessions reach 5 yrs of age they will be let go -as was already occurring-and they were chiefly acquired from 2008 -2011
and as Opti has pointed out Columbian law requires road builders to acquire their materials from the closest source, which would be NEWC for some miles of that stretch of the ruta del sol
auditors are some of the most -- retentive people-(I hated auditing class myself-its like studying a navel w an electron microscope)
and they have ca 18 months of financials(that were possibly turned over to auditors)-not just one 1OQ or 10K- to review(10Q's)and audit 10k
although financials were posted as of 7-18-16 in an 8K (something potentially important to remember), the last 10Q was 5-20-15
SO auditors have to review (10Q's)and audit for 2 different subs(maybe 3 subs)the 10Q's/K's for periods ending
6-30-15
9-30-15
12-31-15
10K 3-31-16
10Q 6-30-16
10Q 9-30-16
the potential filings at the time NEWC provided auditors w materials ca 10-31 to reportedly 11-9
co's are given 45 days to post 10q's and 90 to post 10k's-a schedule many pennies cannot comply with
so whereas a 10-31-16 PR noted financials were completed and turned over to auditors(meeting that month end date promise itself was unusual for pennies when there was a 10q 10k backlog)...
this is still true-still filing 8k's- and SEC appointees now have a very pro-business boss-so SEC logically is unlikely to make any sudden moves against NEWC when none were made under the previous anti-business administration-at least as long as progress is made on auditing the 10k
microcaps1 Member Profile microcaps1 Saturday, December 10, 2016 11:00:42 PM
Re: enthalpy post# 21977 Post # of 25552
very good post-and a reminder that only the 10K's are audited -which is probably why NEWC PR's keep mentioning 10k only-though auditors will use 10q's as part of their research
and NEWC keeps filing 8k's etc- so not as if they have dropped off-SEC can see 10k is being audited
and any aggressive moves now by a lame duck SEC may be reversed come 1-20-17 and result in loss of current sec political appointee jobs-which SEC is well aware of
this is the company auditing NEWC-auditors reportedly,as per Opti, received the accounting etc materials from NEWC Nov 9
http://www.malonebailey.com/Services/Public-Company-Audit-Services-US/
been busy and waiting for auditors to finish-received this days ago-dont know where my sticky went
Hello, I noticed you were a moderator on the NEWC board. Could you please sticky this post? It's an awesome email from Campo.
AWESOME EMAIL FROM CAMPO JUST NOW: YELLOW STICKIE THIS POST PLEASE!!
Dear Sh***********,
The 10K is still in review, the auditors keeping coming up with adjustments and back and forth with accounting firm. The good thing is it will be easy to get the 2016 out since all of the agreements for 2016 are listed in the subsequent events of 2015, therefore, we need to just input the 2016 financials and should be done in short order. I'm going with Deloitte right here in Barranquilla going forward for 2017, it's easier since they understand accounting in both countries and are exactly what we need.
I don't have a lot of time so I'm pasting an email from another shareholder with the same concerns.
Thanks,
John
Mr.
Your questions are answered below..
Additionally I'd like to add a few things. Manipulators are screaming scam, to make you feel better, let me share a few things. Here is a letter from the President of Colombia, winner of Nobel Peace Prize, asking his Minister of Health to work with us on our marijuana project. Would he write a letter to me and his Minister if we were a scam? https://drive.google.com/open?id=0BxSKP5j2FlseMUE0V01iNkZqZGcHe
Below is a recent article in Bogota's El Tiempo, one of the largest newspapers in Latin America, reporting on our coal project. They have reporters all over the country...go to the middle of this article and see New Colombia Resources, in Colombia we're known as NCR. FYI, we have support from the whole country, from the President to the people. I take this responsibility very seriously, for both my country and shareholders. http://m.eltiempo.com/economia/empresas/las-movidas-empresariales-con-las-que-inicia-el-2017-en-el-pais/16790902/1?stopmobi
Now I ask you, who do you believe has more insight on the legitimacy of NEWC, the President of Colombia and its' leading newspaper, or a short seller outside of Colombia that posts the same BS every 30 minutes because he's getting calls to cover? Within hours he will be forced to cover and then will start touting the company. I have nothing against that because it's healthy for the stock, I do have an issue with his tactics that will be addressed if necessary.
Regards,
John
John Campo
President
New Colombia Resources, Inc. (OTCQB: NEWC)
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@newcolombiaresources.com
-------- Original Message --------
Subject: Shareholder Update
From:
Date: Wed, February 01, 2017 10:49 pm
To: John Campo <jcampo@newcolombiaresources.com>
Mr.Campo,
I have a couple of question.
1. Can operation still take place without updating recent finacial reports?
Yes, however our financial reports will be updated. Project financiers don't care about the public stock, they finance mine projects directly, not necessarily through the public vehicle. They only care about the viability of the project.
2. Has there been any updates for the filing of the company's FDA approval application?
You will see a public update.
3. Does the company still have ties with Mr. Gotshalk? If so what is his role?
Mr. Gotshalk has no ties to the Company, he's the former CEO that I acquired the controlling interest in NEWC from when he got into trouble because of his father over another stock that has nothing to do with NEWC about 10 years ago. I was able to acquire the company on favorable terms because of it, one of the terms being a consulting agreement that has expired. This is well documented in several filings. When you take over a company you need to have a good relationship with former management to have a smooth transition. It is very typical for public companies to have consulting agreements with former management. Although on paper he looks bad, it was his father that did the alleged "bad deed", he basically sent a fax at his father's direction that caused him to get in trouble. I'm not defending his actions only adding clarity to you since you're being manipulated by short sellers that know how to read filings, I suggest you do the same. Go back and READ the filings, not just tidbits that a manipulator is feeding you.
4. Who are the other members/employees of NEWC?
Erasmo Almanza and Edgar Renteria.
Erasmo is a retired petroleum engineer from the area we are developing. He has excellent ties to the community and knows how to maneuver the mining agency. I'm giving you information that is public however new investors aren't aware of it. Erasmo and NEWC have thousands of hectares of coal concessions in Guaduas. I may have to reiterate that in PR, but why not let the stock to continue to be shorted so longs can accumulate and then squeeze both the shorts and the B/D that is lending them shares.
Edgar is a retired MLB player with a 16 year career that was nominated to the 2017 class of the Hall of Fame in Cooperstown. We purchased a rock crushing plant from him a few years ago and now he's helping us promote Sannabis and other things. Would a baseball player with a spotless career that made $ 150 MM by age 40 be involved in a penny stock scam in his own country where is a hero and awarded its highest civilian honor? Or better yet would he take payment for his crusher in stock if he didn't believe in the Company. Here's a profile of Edgar.. http://m.mlb.com/cutfour/2016/12/31/212418924/heres-why-edgar-renteria-should-be-in-the-hall-of-fame
In addition we have several engineers that work by contract and service personal that work for us.
Thank you
"