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Saturday, January 08, 2011 10:56:14 AM
Would you explain this? I AM a concerned s/h. I found this on another
site, it is disturbing to say the least.
At the request of Quantum International,
three junior iron mineral mining operations will be opened to meet the iron ore export needs of Quantum International. Production schedules are designed to meet the available loading and shipping capacity of the ports within the area of operations; therefore, three mining operations were needed in lieu of one large mining operation. CWRN will continue with its Philippines undertaking and IMMN will develop mining operations in other locations. Quantum International has agreed to fund the development projects and off-take all finished products under the terms and conditions of the Joint Ventures.
"CWRN and IMMN are separate corporations," stated Mr. Cotton. "Our loyal shareholders will be rewarded by our plans to dividend a yet to be determined ratio of percentage of ownership, paid in shares of IMMN to the CWRN shareholders of record. The dividend amount will be calculated after the effective date of the CWRN reverse split, analysis of its shareholder base and sufficient time has been allowed to let the Cotton & Western equity stabilize.
Thanks for listening.
tenn21
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