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Rocket, any pics of the SEC or DOJ at the mine??
Down 18% today says it's not.
I heard silence (and still do) since June 4th when our CEO was indicted on charges of bribery.
I heard the prison door closing behind Bob Cotton.
When will that be? Looks like it's down today on the 8th day since the news regarding DOJ & SEC investigations into Cotton and CWRN were announced, and we haven't heard from 'ole Bob yet.
No port updates... remember, we have pictures from the 1st and 2nd shipments that were PR'ed, but somehow, all these other shipments that weren't PR'ed didn't have pictures. Yes yes, it's not 'allowed' at the port, but people pulled it off the 1st and 2nd time without a hitch- Bob and Sharon even posing on the ship - (doesn't look like they were in a hurry to have the pic snapped before they violated the picture rules either) but hey.
So no - nothing new at the port - especially the all important pictures that are so reliable to everyone. I guess absence makes the heart grow stronger on that one?
Those pesky shorts again, they seem to have infiltrated the SEC and DOJ specifically to bring down the sp of a pink, non-reporting, CE tagged CWRN! LOL
Glossing over the problems with this company or putting a positive spin on it doesn't help either. There are real problems with this company, way before the charges came out. This is just another road block cwrn is facing, and probably the biggest. Again I say, if Bob steps down, that would instantly make the sp go up and would help the company's general perception. Having a CE scared a lot of investors for the past year, now having an indicted CEO on top of that, how could we ever see .01 again for instance? If Bob goes bye bye for a while (again, if he is aquitted, he can always come back), THAT is the best thing for all of us.
Exactly why Bob needs to step down, the sp and overall company valuation will continue to be garbage during that 'long time'. No sensible person would expect a CEO to stay on for that long in that climate and drag the company along with him just to massage his ego. If he's aquitted, he can always join the company again at that point.
Defending Bob is pointless. I'm much more concerned with my investement and the company over all then him. Isn't that where everyone else is at or am I just crazy?
Sooner the better. By the wording of the indictment, he won't be able to turn it over to sharon or his son either since CWRN itself was also listed under investigation. He needs to SELL.
Day 8 after indictment. Will Bob make a statement today to his shareholders, or will he continue to ignore the fact that he runs a public company that people are invested in?
Bob refuses to make any public statement. How could there be anything new? Sad that we'll hear from the gov. before we'll hear from our CEO.
Does that still apply when a CEO is indicted for bribery and has SEC and DOJ charges against himself and the company? I thought that responsible CEO's would make a statement of reassurance to shareholders in that case, but I guess I'm wrong??
Remember .03? the share price has tanked since last year because bob has not followed through on any outstanding issues. .0028 isn't much of an accomplishment LOL
I hope it is a BAO guy and that Bob is forced to sell the company to them due to the bribery investigation implications. Then I can finally move on to some worthwhile long and free up my wilting investment here with a lazy, do nothing CEO who apparently doesn't even care about his own money since he's let the sp tank.
Micro, all this is great, but who does own the mine? Bank had a great question there.
Also, where is the proof of sales or revenue past the 2 PR'ed? The PR'ed 3rd had no details and there hasn't been anythign in 6 months. I've got stuff for sale on ebay, but till someone buys it, I've just got worthless stuff for sale and no cash in hand. See my point?
Shoot, I forgot to update you on the other stuff you may have missed;
1. Still no audited fins, even though micro said they were done...not sure where that dd was from he got
2. We still have a CE since last March
3. We haven't uplisted yet per Bob's PR's, nor have we even been notified of the shareholder meeting that is to take place prior to uplisting - which itself is supposed to have 45 days advanced notice.
4. There has been no buyback as promised by Bob and Co.
5. I'm sure you've seen, Bob and CWRN have been investigated and charged regarding a bribery scheme to artificially raise the share price.
Reported by whom? Where? Did I miss the PR that had this 5th order, and 4th order?
I only saw the SEC and DOJ investigation into Bob Cotton and CWRN last week.
Only 2 shipments. I don't recall if the second one had any information regarding how much money was made or how it was distributed. A 3rd shipment was supposed to immenently happen per a Nov '11 PR but never did. No ship has left the dock with CWRN ore since as far as public knowlege and even private emails to/from Bob go. Someone purportedly bought ore we had sitting at the dock in December, but no information on the $$ we received, how it was distributed, or if they buyer ever removed the ore from the dock has been made public.
That's the last 8-10 months in 1 small post ! Hope it helps.
No income since December has been reported. And even that income wasn't reported, just that we received something. 6 months. Wow.
Yes, I got a response from Bob the same day. Said the same canned 'things aren't always what they seem' that everyone else got. Not sure what you meant by the quote thing though. No biggie.
Bob ONLY uses email these days It's what he believes is the best non-traceable way to disseminate information. And using Bold apparently in every post helps make the case for everything stronger ::yawn::
Does the NDA also apply to Bob addressing his shareholders after DOJ and SEC complaints are filed? This is REALLY poor management to not say anything for 7 days now. Something, anything, would be expected from anyone else, but it's ok that this guy doesn't say a word. Just another day of Bob Cotton not giving a ! about shareholders.
Better question yet - how accurately did Bob predict 2011 Q1 earnings? I'd say he missed it by, er, 100's of millions... Talk about rounding UP!
Bob stopped the income. Remember the PR a while back? Shipping HALTED. And guess what? It hasn't been shipped yet. Even if he did get paid in Dec. according to the lackluster most recent PR - that would make it 6 months since any other revenue has come in. Where are you getting your numbers, mine don't seem to add up...6 Months no revenue vs oh so much revenue = hu?
Really? One has been OUT for a long time from my understanding. Who cares anyway? SP is basically where they would have bought in at right now LOL
It was in the PR after the first shipment. There is a link to it on the main page.
I'm not following you. What kind of business plan says to drill a few holes and spend years mining junk from those holes only to then turn your attention to another area and completely stop any sort of verifiable source of income till that drilling is done?
I think I'll buy a wet suit and all the scuba gear to go along with it in order to be an underwater miner - but once I've spent all my money I realize I can't swim and don't like water. Same logic.
Their investments were paid off almost entirely with the first shipment. They probably both got out by now. Sunny may know more.
Amazing - DOJ and SEC under investigation Bob still has nothing to say for himself or his company now, what? - Day 7 after the news saying he was charged with bribery? AND how many days since the last useless PR about drilling more holes? Maybe he should have drilled more holes a few years ago before digging...Wait, that's how even 2bit gold miners on TV do it!
Man up Bob. Time to Man up to your shareholders.
Yes, excellent timing. Just happened to have how many other companies charges reported at the same time, just like they did 3 other times in the past which also had a great timing that happened to mean something to one particular company they wanted to single out in the middle of the pack, or not..
I don't even understand what you are implying it's so far out there.
You are kidding right? You think the SEC or DOJ is a 'shorty' as you put it before? You think that someone cares about manipulating a sub penny stock in the SEC or DOJ and risking it all for that? That is so straight out of left field its laughable.
Bob is a real hero alright, so much so he doesn't even have the decency to put out a PR when he has been charged by SEC and DOJ, and refuses to talk at all about 3rd, or other shippments that supposdely brought in revenue. As a shareholder, I'd love to see him replaced so we can get some real leadership instead of the shoddy non-transparency this guy represents.
CWRN is a buy - for a buyout. Otherwise, stink-a-roo till Bob is gone.
Question - when will Bob speak? This is a sad state of affairs when there is no communciation after something like what just happened.
Same here. I'm just annoyed when people try to spin it like Bob is an angel and nothing could possibly have gone wrong under his watch, least of all, something illegal. I want my $$ back and I want a return, but I'm not going to spin this any way but facts, cause there is no other way. Mine, yes, it's there and I've seen it. Business wise? Your guess is as good as mine. I hope someone buys us out. That would be best for all involved.
I can totally understand the want... It's called greed. Sad that it came to that, Bob could have found other investors or gone a different route. He chose greed and breaking the law instead. Do I feel bad for him? No, cause he mislead the shareholders. Don't you see? Sure, he wanted to raise money for the company, but at the EXPENSE OF THE SHAREHOLDERS! Artificially raising share price devalues your investment in the long run. Might as well buy a fund with garbage mortgages.
Sorry I didn't share my personal DD with the group. I'll share better and put my toys back on the shelves where they belong next time. LOL
I've lost tens of thousands in the past few days thank you. You've got some nerve bud. I have no need to prove myself to you. I've also been to the mine, have you?
Take the money and run? Where is Bob and Co? No statement or future outlook from CWRN? Wow. I'm already invested, but between the CE and the lack of transparency, ESPECIALLY when under SEC and DOJ investigation, this is R-I-S-K-Y!!
Buyer beware folks - it's PROPER!