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The facts:
Since other people keep posting the same pics over and over and over and over again without repudiation, I think it's appropriate that my post here stay which has the same facts also stated over and over again:
1. Bob Cotton and Co are now under DOJ and SEC investigation
2. No Financials have been completed or audited even tho promised
3. Nowhere near the revenue PR'ed starting at the 1st qt of 2011 has been had
4. No CE removal has occured even though it was promised in a PR
5. No uplisting has occured even though it was promised in a PR
6. No buyback has cccured even though it was promised in a PR
7. No notices of a shareholder meeting has occurred even though it was promised in a PR.
Am I missing anything here? SEC - close this puppy down. I'll lose thousands, but it's justified IMO (wow, an IMO... I guess I just joined the 'i love bob and he is jesus crowd')
Yes, this time it's the SEC and DOJ to blame. Never Cotton or his minions right? Oh wait, is it the MM's and shorty's again? When does it end, seriously? Everyone is wrong or involved in some kind of conspiracy except for Bob, he's the golden child.
Interesting to watch the mood and sentiments right now on the board. This may actually be a helpful excercize to potential investors. Always got to wonder about motives and in a crisis like this, it's an amplified underscoring.
Will the bogus buyout offer from last year get investigated too once the SEC and/or DOJ sift through all Bob's coorespondance?
What punishment does Bob stand to get from the DOJ complaint? I know the SEC is looking to bar him and all directors etc from pinks.
I'm in total agreement.
Bob said, Bob said, Bob said. He also got caught in a sting and said nothing about that for the past year. I don't believe a word he says, especially when money is concerned.
I think we're all stuck in the wait and see game regardless. Best thing that could happen would be a buyout at .05 or greater. Bob loses everything as the majority shareholder otherwise. I hope he's on the horn with prospective buyers right now.
What conspiracy?!? People are dumping their shares as high as they can and buying back in lower. Where is a conspiracy in that? Sell high / buy low. Big conspiracy. LOL
It's never CWRN or Bob's fault still? Always those pesky MM's and shorts.
Bob has been giving pics and information via email to a select few for years now. Be sure the SEC and DOJ will be seeing that during their investigation. Some people may want to retain a lawyer soon.
Bob would be smart to sign the offer he turned down a few months ago at this point.
One word - GREED.
Funniest post of the day! Thanks for the giggle man!
That's why you had to agree to all the fine print when you signed up with your broker to be able to trade in pinks. It's risky and they point it out for reasons like you've just witnessed. That's why the rest of us are mad but not devistated, it was always a possiblity.
[quote ]I appreciate the sympathy. It is sorely lacking around here. I don't appreciate being kicked while I am down.[/quote]
From wiki. Pay close attention to the 'However...' part:
"In criminal law, entrapment is conduct by a law enforcement agent inducing a person to commit an offense that the person would otherwise have been unlikely to commit.[1] In many jurisdictions, entrapment is a possible defense against criminal liability. However, there is no entrapment where a person is ready and willing to break the law and the government agents merely provide what appears to be a favorable opportunity for the person to commit the crime"
Bob sent me the same response. Anyone else get the same 'things are not always as they seem' response too? Looks like it's a canned reply.
I wonder what else the DOJ and SEC will find when they start sifting through Bob's emails.
Come on now, it's in black and white
RELIEF REQUESTED
WHEREFORE, the Commission respectfully requests that the Court:
I.
Declaratory Relief
Declare, determine, and find that the Defendants have committed the violations of
the federal securities laws alleged in this Complaint.
II.
Permanent Injunctive Relief
Issue a Permanent Injunction restraining and enjoining the Defendants, their
officers, agents, servants, employees, attorneys, and all persons in active concert or
participation with them, and each of them, from violating Section 17(a)(I) of the
Securities Act and Section lO(b) and Rule lOb-5(a) and (c) of the Exchange Act, as
indicated above.
-7-
III.
Disgorgement
Issue an Order directing all Defendants to disgorge all ill-gotten gains, including
prejudgment interest, resulting from the acts or courses of conduct alleged in this
Complaint.
IV.
Penalties
Issue an Order directing the Defendants to pay civil money penalties pursuant to
Section 20(d) of the Securities Act, 15 U.S.C. § 77t(d); and Section 21(d) of the
Exchange Act, 15 U.S.C. § 78( d)(3).
V.
Penny Stock Bar
Issue an Order barring Cotton from participating in any offering of penny stock,
pursuant to Section 20(g) of the Securities Act, 15 U.S.C. § 77t(g), and Section 21(d) of
the Exchange Act, 15 U.S.C. § 78u(d), for the violations alleged in this Complaint.
VI.
Further Relief
Grant such other and further relief as may be necessary and appropriate.
VII.
Retention of Jurisdiction
Further, the Commission respectfully requests that the Court retain jurisdiction
over this action in order to implement and carry out the tenns of all orders and decrees
-8-
that it may enter, or to entertain any suitable application or motion by the Commission for
additional relief within the jurisdiction of this Court.
Sounds like you are the only voice among those who usually try to spin CWRN positive in light of mismanagement. Doesn't that seem odd to you today? Seriously, step back and look at what just happened for a second.
Well, who wants to get the class action suit up and going? Where do I sign on? Thanks!!!
LOL. I just shot him off a nifty email too :)
You're kidding right? We are about to be HALTED AND DELISTED. You want to encourage people to buy?!? Just the suggestion would weigh on my conscience knowing people will lose their money as soon as they click 'buy'.
Excellent post. one thing to note too - Sharon and Bob's son also will be barred from the company per the complaint. SEC is seeking all directors, principals etc to be removed, so I think selling to another company is Bob's only option...besides losing everything of course...
Well well well... SEC charges now against Bob... for what? Oh, illegal promotions!!! Do you want to take back all you've said today about the 'improper' CE and the scheme surrounding it now?
CWRN has a CE on it since last year. It has not been removed nor has Bob done anything to resolve it or uplist as promised. If it's so innocent, he could have done something - ANYTHING. He has not. That is fact and not an IMO like the rest of the CE discussion always is, which we've also been over many times.
Oh, and if Bob has a problem with OTC, he shouldn't have listed where he did and can always change.
I hope someone does start a class action suit, I'd sign on to that.
Yes, the DD is posted on the board and in stickys - yet some people feel compelled to repost the photos and information and provide new commentary in the absence of any communcation from the CEO.
Stop saying IMPROPERLY!! It's PROPER and has never been proven to be anything but, which is why it's still there. Saying it's improper is completely false since it has not been removed in over a year. End of story.
Bob is the one tanking the stock. He alone can make things right or continue to let shareholder value go down the toilet.
No one, including Bob has ever said there is a NDA.
Vincal, you couldn't be more right! So many reposts of the same IMO's and data that has nothing to do with proven revenue outside of the first 2 shipments. Where is the proof of any movement on any of the outstanding issues you mentioned and we continue to ask for? Most will give some excuse that we are a jr miner and so on, but BOB PROMISED THESE THINGS, not us. There is never a follow through from Mr. Cotton, just more pictures of dirt moving around, but none of it leaving the mine, nor of the revenue from it. Maybe when the next PR in 3 months comes out, it will have a one word difference from the last PR to buy Bob more time. Ha!
And no shipment has been made using the export permit yet this year.
Bob didn't have the permit when he was telling everyone he did - he got it about 2 weeks later per the date on the cert. Look back at the threads from early January. Just another reason why I don't believe much of what he says.
Sorry that I failed to point that out at the time, I didn't want to get the 'see, he DOES have it and you are just trying to knock it' response.
Good point. I often wonder what Bob does during the day. He isn't running a machine, so why is it that the paperwork he needs to do to resolve so many outstanding issues remains at large? Does he simply stay in bed for most of the day and show up at the office or mine once a week?
Great, when will we ship something this year?
Another day ticks by with zero news or updates on outstanding issues... Anyone have a pic of the buyback? LOL