Cotton & Western Mining Inc. (CWRN)

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I don't understand your questions import except they seem to be designed to raise doubt.
Bob,his family members(loyal to him)and Sharon(married to Bob) own everything not in the float. This has already been answered. Look up "wholly owned". The Mexican subsidiary is wholly owned by CWRN.
Say you own property on the San Diego/Mexican border,w contiguous adjoining parcels-one on both side of the border. Your main house is on the U.S. side and you have a cottage or business in our case on the Mexican side.
You can't legally make the 2 parcels into one parcel because they are located in 2 different countries but you,who live on the U.S. side,still own the Mexican parcel.

For legal purposes CWRN has to have a Mexican affiliate but that has no effect on CWRN's ownership anymore than you living on the U.S.side of the border owning land in Mexico-and lots of U.S citizens own land in the Ensenada area(including my best friends brother who got me into pennies and this stock) and rules for foreign ownership of land in Mexico have been relaxed/eased over time.
The affiliate is totally owned by the parent and the parent is owned by Bob,his family and Sharon,who is married to Bob and works closely with him in the business.

Nothing to be afraid re this issue-you seem to want more info than is available or possible for a penny stock or a blue chip and a blue chip(who knows what a blue chip is-where is the old GM or Circuit City or LEHMQ OR WAMUQ) has only a small potential for any significant increase in value in the present enduring recession-factor that into your decision making process.