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Tuesday, March 01, 2011 12:33:39 PM
Yesterday CWRN raised the red flag by mentioning they turned down a buyout offer in their press release.
Today they raised it even higher by putting out another Press Release about the Buyout Offer - this time with details.
http://www.marketwire.com/press-release/CWRN-Shareholders-at-Option-on-015-Buyout-Tender-1403850.htm
OFFERING PARTY: FREEDOM NETWORK
ADDRESS: 2002 N. LOIS AVE, TAMPA, FLORIDA U.S.A. 33607
PHONE: 1 800 590 4523
CHIEF EXECUTIVE OFFICER: MR. MICHAEL JACOBS
ELECTRONIC MAIL: help@freedomnetworkinvestments.com
WEB PAGE: www.freedomnetworkinvestments.com
The following letter from Mr. Jacobs is herein under paraphrased:
"In lieu of the fact that you have decided not to accept our buyout offer of $0.15 per share, the board and I are deliberating the possibility of increasing our buyout offer. The 2011 projected earnings of Cotton and Western, the recent acquisition of the additional mine and the rising iron prices add significant value to your company. The board and I believe that a potential buyout in the range of $0.18 per share may be warranted. We are reviewing a number of investment opportunities as we continue to diversify in the small-cap arena. Nevertheless, we hope to consummate a deal in the coming days with your company. Information regarding where shareholders may tender their shares will be provided at the appropriate time, once an official offer has been approved by all parties."
Sincerely,
Michael Jacobs
CEO
Ooops I think they just messed up.
First there is no Florida Business Entity registered that matches this business.
But the real telling evidence is that the website was just registered on February 28, 2011
Yes Yesterday!!
Domain Name: FREEDOMNETWORKINVESTMENTS.COM
Created on: 28-Feb-11
Expires on: 28-Feb-12
Last Updated on: 28-Feb-11
Administrative Contact:
Private, Registration FREEDOMNETWORKINVESTMENTS.COM@domainsbyproxy.com
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax -- (480) 624-2598
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