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Re: Phillyfan post# 72011

Tuesday, 06/05/2012 8:28:54 AM

Tuesday, June 05, 2012 8:28:54 AM

Post# of 91121
Excellent post. one thing to note too - Sharon and Bob's son also will be barred from the company per the complaint. SEC is seeking all directors, principals etc to be removed, so I think selling to another company is Bob's only option...besides losing everything of course...

Greed is an ugly thing...and Cotton got caught with his hand in the cookie jar. The complaint says it all and charges would not have been filed if they didn't have the goods on him. Anyone still defending Cotton at this point is just down right foolish and all today are in true disbelief as I am.

The mine may be producing and finally going in the right direction, but, it's principal owner will be finished in the penny markets. Financials and transparency will all come out now for sure. Cotton only has a few options to save any wealth or investment in this company before the no doubt class action suits will follow if the proper moves are not made for the company's best interest and for once not his own best interest. It is a crap shoot but now, Cotton is under the microscope innocent or not and every move made from this point on will be under the eyes of the SEC and DOJ.

Options:
Sell to another company
Up list as a push for some level of following through as redemption for his empty promises not because he wants to but because he has to follow through in order to prove his intentions were not for greed
Step down and have a different principal as the CEO to continue growth and development in order to keep his billion shares to be worth something after his sentence.

The SEC and DOJ do not file charges unless they have all the goods on him for either a conviction or a forced plea bargain deal.

So it is easy to question now, the so called quiet period and the lack of information the past 6 months. I am sure that they confronted Cotton a while ago before these charges were made public. If this stock delists, everyone loses especially Cotton since he is the principal share holder. In my opinion, the shareholders finally have a voice in this company and Cotton has no other options but for damage control and one thing on his mind is how can he salvage what he has left in CWRN.

jMHO.