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No money for drilling.How they'll finance is everybody guess.
I was wondering why PPS going down with drilling just around the corner. Well,this paragraph from last quarter explain it all:
As of September 30, 2010, we had a cash balance of $3,184. We estimate that, based upon our current business, we will require up to $4,000,000 over the next two years. However, the Company cannot properly anticipate the capital expenditures and working capital needed in connection with its operations and development.
$16 million current market cap. A little too high.
Dilution????
So peeps.It turned out this DTCC issue is helping us the current shareholders. I wonder why they are not doing it with all OTCBB stocks.
Still a lot to fall. Current $10 millions market cap. to high.
This POS is due for triple zero. CEO failed twice to meet dateline in finding a partner.
My concerns are much alleviated now since Bob learned to keep his mouth shut and not throwing prospective earnings numbers anymore. Also he's more careful with personal email communications. It seems my raising hell it helped.
Today is the valley bottom floor. Nothing managed to bring PPS sub two. With the ship getting closer to the port PPS is due for an upscale barring some bad news.
Found this on a different board that was struck with the same designation as CWRN. This is a response from someone in the know. Very informative for the effect of trade to trade to existing shareholders.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60640428
Sounds like you'll be asking the wolf that just been prevented to slaughter more sheep.
It's a puzzle still to be solved.
Why Freedom came with this bogus offer knowing very well within hours IHubbers will be able to prove they do not exist at least in the virtual world?
For me there are two possibilities: either these peeps are naive and first time crooks not aware of investor’s shrewdness in our days or this offer is made by same peeps financing all this operations.
Time will tell.
Theoretical yes,it's a good thing but we need to see crooked MM's reaction to this.Anyone here has previous exp. with this type of action? What was the effect on PPS?
I expect a PR around the 21st. informing us the second ship or the shipping pattern like how often a month and the metric tons shipped monthly..
This is nonsense. $200 BO will completely kill US economy. Big oil won't let this happening nor the spoiled arabian princes.
If it is designated trade for trade-I see it as a very positive for the stock.
Then wait till you'll see all that accomplished.
Pertaining our minion I would be more concerned with inflation hitting China or the chinese cutting down in commodities consumption then what the rigged big boards by Wall Street gangsters are doing in US.
Dow Jones has no effect on pinky land.
Over 100 millions dump few days ago and PPS survived.Barring some bad news I see this gradually going up beginning next week.
No.I'm looking at the volume.
Huge dilution in progress. Another one going the way of CNEX.
Share structure last known:
<<<Share Structure
Market Value1 $867,633 a/o Mar 02, 2011
Shares Outstanding 2,892,110,000 a/o Sep 30, 2010
Float N/A
Authorized Shares 5,000,000,000 a/o Sep 30, 2010
Par Value 0.001
Shareholders
Shareholders of Record 51 a/o Jan 08, 2010
Beneficial Shareholders N/A
Corporate Actions
Ex. Date Record Date Pay Date>>>
Probable another billion to dilute.
You're comparing apples with oranges.
Nothing wrong to push the eject button provided you know how and when to get back in.
Never say never.We'll still have a few surprises from these peeps to the upside IMO. OTOT, yes let's concentrate on the fundamentals.
Shipping just around the corner coupled with the materialization possibility of this buy- in offer will pressure up the PPS short term. If Freedom make it seriously with clear terms then all hell will break loose on the upside
Don't discard this BUY_IN offer yet. I did capital letters cause there's a huge difference between buy out and buy in per Slick post today.
Welcome to the smart club.You're a little bit late but better late then never.Some here already figured this scenario.IMO a buy in for the freely traded is possible with a good chance to happen while Bob and PanAm will still hold the majority shares.
One scenario you forgot:
Current investors financing the operations are using this Freedom shell to buy all "freely traded shares" for champ money.That will explain Bob's behavior as he has to take orders from his current boss (the financing operatives) not from some pissed off IHub posters... IMO the buy out saga is not over yet. My question is how only the free float will be tendered while the majority shares hold by PanAm and Bob himself will not be for sale?.What will happen with the company? Will the spoils be split only between PanAm-Bob and the new Investor?
That's a good batch. I wasn't too far but yest. crash made me to readjust it at my tolerated risk level.Still I'm open and ready for more.
I bet you Pesquero's post did open up a lot of smart eyes today,still let's concentrate on what we know with this ore shipping.
26% up and this board is almost quite.Frustrations? Big disappointment for the yesterday blood bath? This is the beauty of market-buying the op.as Buffet said: blood in the street...although I thought this was to overshoot below two today.
Giving more thought of what you said,yes, it is possible the group of investors currently financing CWRN operations could use the Freedom shell to buy out all O/S, especially since they're exactly in the know for ore reserves,years of production and the new interest in the other mine Bob just announced. But again I;m not making a fuss out of this and just concentrate on what we already know.
I didn't completely shut down the buy out offer,only I really don't make an issue out of it and I don't care about it. I care more of current strong fundamentals presented by the company and their right plan on track to deliver the ore.. Whether or not that buy out offer will materialize, I never say never in pinky land where everything is possible.
Pesquero I really appreciate all you contribution to this board and your last man standing position yesterday however, believing still in this offer IMO is a little naive of you.
I bet many of you wished to get back in at low two. It turned out last two days saga was a great op. to get in.
It could be filled by either party.
http://www.investopedia.com/terms/s/schedule14d-9.asp
Considering PPS was due for a down correction due to lack of anticipated news next two weeks,it actually survived the carnage very well and a new base is forming.
Apparently Bob knew all along this offer was fishy so he used the expertise of IHubbers to check it out per this paragraph from last PR:
As a shareholder of Cotton & Western Mining, Inc., each one should have the options available on an individual basis; therefore, we are providing the following information for your consideration:
Very smart.