Posting financial disclosures is expensive for these companies in terms of additional accounting and legal fees(I have accounting and law degrees) and reputed fees of up to 15000 for the privilege of posting such.
Recent activities indicate CWRN obtained funding-probably in June-and they are concentrating on the costs necessary to get production going. Besides roads and machinery,I extrapolate the cost of the production permits at $100,000,based upon website estimates of $60000 for just Baja 14,for they are permitting additional properties now that they have the funding.
When I talked to Bob a couple weeks ago he said he wasn't even thinking about pink sheets or the message boards-that production would take of all that-which is the proper professional attitude. They were in a higher classification until last fall.
Once the whirlwind of activity associated with incipient production is finished,perhaps they will upgrade to current classification commensurate with a producing company,especially if that is favored by their major investor-who may want to keep their name private until this is safely off the ground-which alone may explain why they are presently in the no info category. At least they are not grey market or skull and bones category,as many are,including many penny stocks promoted by the penny newsletters.
But remember getting one of these startups going is a nightmare maze of funding,logistics,red tape etc until you wished you had never taken the company public because of the additional costs and red tape -especially when you are not reaping any benefits-only headaches from taking the company public.
Inter alia,there is constant pressure/questions from shareholders. Thus, most pink sheet companies are unreachable by phone and don't respond to email if they have working email. CWRN is one of only 3 of scores of companies my friends and I have found reachable and Bob has invited shareholders to visit several times,as noted by another post.
