Cotton & Western Mining Inc. (CWRN)

[Kyoshi]

Since the J/V is a fifty/fifty deal, whatever percentage of CWRN you own, you should own half that percentage in the divi stock.

The actual number of shaes will depend on the total O/S in the new divi stock. And that is not known yet.

We need to see the divi details to verify current CWRN common holders get a fair deal - that will come later.

I am assumming the divi is being done so people do not short/sell off CWRN after the R/S. Shorters would have to cover the divi, and shareholders should hold for divi record date - but we will see.