Since the CE issue has raised its head via bashers and PR today,I note several of my posts addressing this issue,which were linked,including the following.(Some of those posts seem to have disappeared even from the listing of my posts because these posts expose special interest groups antics in this matter).
There is no evidence that the company did anything wrong-as OTC TRADING Desk told me there was merely a PERCEPTION of a promotion due to rapid price rise. They didn't realize this was a rare penny entering production w substantial revenues soon coming.
But because of this past perceived promotion,the company played it very conservatively in today's 1-31-11 PR,as noted by others.
Friday, January 14, 2011 12:26:45 PM
Post # of 24782
I called OTC trading services days ago(otcmarket.com-212-896-4420 or 1-800-547-8682).
They told me the reason for the status change is a PERCEIVED PROMOTION.
That companies without current filings for which there is a promotion may receive the CE symbol.(They intend to post filings at end of this first quarter).
He said they look at a number of things-especially price changes and market activity.
This is what I suggested earlier.
Special interest groups complain because they are being killed by the price rise. OTC sees no current filings and sees the dramatic volatility,large volume and price rise of the stock-so it LOOKED like a massive promotion by many newsletters was in progress(there was none).
The stock was not only gapping from day to day but intra-day-something I'd never seen before.
So as a caution they issue CE until they can determine what is going on re promotion.
As suggested by somebody else the PR re 1st quarter revenues when the company had no current filing may have factored into this as a promotion.
He said they have no knowledge of any fraudulent activity and did not receive the status change because of any fraudulent activity.
One of the persons who first posted the suggestion of fraud-who has believed the same since 2006 and suggested that the pictures were fake,probably knows what I've just told you-because they are far more experienced at this game than I(I don't like games and won't play them and even my enemies recognize and are afraid of my integrity).
So ask yourself why they sounded the alarm under false pretense. Special interest groups have an agenda and it is always easier to take advantage of peoples fears to destroy than it is to build.
The false accusers know they win temporarily no matter what in this smear campaign scenario-the pink elephant syndrome.
It's evident to me there has been a strategized organized smear campaign for reasons noted above and thus the constant obsessive CE postings.
Special interest groups thus steal your money and cover-that imo is the criminal activity and would be a felony anywhere but the stock market.
As itmd says this will blow over and the stock will recover because the fundamentals-actual production w multiple shiploads of stockpiled material-are there and the company will soon have substantial revenues.
Most of you have traded many CE stocks up to at least $5/share because many of the companies promoted by stock newsletters had the CE status even BEFORE the promotion,for reasons other than a promotion. There are hundreds of such stocks.
There are over fifteen thousand stocks in the grey market alone(otcmarkets.com-more than all of the rest of the penny stocks put together)-a class below CWRN's recent no info status.
