Wednesday, March 02, 2011 6:26:54 PM
Bullitts post today that the revenue from the first shipment would more than pay off the debt(which could not have been funded via issuance of shares-even the 2-2010 fundraising of $50k was via debt-though convertible,not direct shares) should answer some of these questions. Since the Mexican sub has no shares of its own and was created by and for CWRN the CWRN shareholders defacto own the Mex sub,of which Sharon is one.
There are always misunderstandings and maybe Bob just dropped the ball on this one. Especially in his conversation with killswitch(Bob may have been exhausted from all the activity or having a bad hair day)but that doesn't change the production confirmed by more pics and personal visitation and communication and general openness with and by the company than I have seen with any penny company.
Or maybe Bob got attorney advice to post the buyout offer AFTER talking to killswitch-lots of what ifs in that fast moving scenario.
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