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Tuesday, March 01, 2011 4:50:32 PM
The only way to do that is to post current financials THIS month-which is a requirement for removal of ce -as noted by previous posts quoting otcmarkets.com.
Which is why weeks ago I and others speculated CWRN would have to post financials earlier than they originally intended to and may even want to change fiscal year to record first shipments revenues.
Otherwise they simply become current by posting financials through Dec 31 now and w 1st quarter financials due 45 days after end of first quarter-post 1st qtr by May 15-though they have said they will post first quarter by Apr 15-which would be really fast.
If they want to show revenue,they might be able to post 1st ship rev to book(especially if they were paid early as some say due to this bullish iron market).
Or wait for the first ship to be loaded(which is the latest they would be paid-CFR shipping -responsibility for the ore passes to buyer once ore is loaded onto the ship).
They would want to leave a 5 day leeway before the end of the month to give pinksheets plenty of time to remove ce after current financials are posted and/or forwarded.
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