Puration Inc (PURA)

[Pennypincher10]

FWIW...

Mass email from PSC
"PSC is not satisfied until all our members make money. To that end, PSC held a call with SWRS consultants today to get some answers and this is what we came up with.

1) The company will issue a PR so that all shareholders can better understand the nature of the reserves @ the mine in the PR at the close on Friday.More specifically they will address whether reserves are proven or probable. The company claims to have 1 million ounces at there Arizona property. If that is the case the evaluation of those reserves could be 20-50 million dollars. if one is to assume an ounce a gold in the ground is worth anywhere between 20-50 dollars this is a safe assumption in terms of in ground prices give that gold hit an all time high just this past week.
2) The company will provide to all shareholders via PR a break down of the issued and outstanding stock as well as the float. Members were concerned about the float of the company stock given the slide near the close at trading on Friday. PSC is always looking out for members so we insisted that this news be released by PR.

PSC WAS NOT A SELLER OF SWRS STOCK ON FRIDAY. WE DO NOT INTEND TO BE SELLERS THIS WEEK. OUR STOCK IS PRESENTLY BEING DEPOSITED AND IS NOT FREE TO TRADE.

The company released a solid PR on Friday @ the close.

Southwest Resources Executes Binding Memorandum of Understanding to Form Joint Venture for Arizona Mining Operation

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-prLA05245-U%3aSWRS-20100514&symbol=SWRS®ion=U

If things work out they way we think SWRS should be in for a nice rebound @ these levels. We think the stock is a bargain @ these levels."