Cotton & Western Mining Inc. (CWRN)

[2H2O]

We never heard how the proceeds from the second shipment were distributed...maybe bob kept it?? Who knows since we were never told. We could tell from financials, but we don't have those either. Here's the PR after the first shipment, sounds like it all went to bills and operating costs to me:

"Proceeds, distributed the revenues from its first bulk shipment of iron ore under the following percentages; 60% to ongoing operations, 30% to Project Investors and 10% to Management. The Project Investors recovered approximately 75% of their cash contributions; The Ensenada International Terminal was paid approximately $320,000.00 for receiving, storage, material handling and cargo loading, $356,000.00 was paid to Road-Runner Trucking, $1,115,000.00 was paid to COSFAR Bulk Cargo Shipping, $220,000.00 was paid in royalty fees and surface rights. The Company was also able to meet its obligations to PowerScreen of California paying a balance of $975,000.00 for the crushing equipment."