Replies to post #37455 on Cotton & Western Mining Inc. (CWRN)

[rob7557]

The buyback program relates to the current float. I guess the float is around 300,000,000 shares. The bb program doesn't in clude RS. RS rep Bob's personal piggy-bank.

[tlc2]

Will reduce O/S, not A/S.

From Nov 2010 PR:

Officers, Directors and Affiliates (all of which are insiders) currently hold over sixty (60%) of the outstanding common shares of CWRN. The B.O.D. has voted to incorporate a structured plan that will provide for a combination of buyback and retirement of CWRN common shares that will balance the control of voting shares in favor of the Management. At this time all of the Officers, Directors and Affiliate company Pan Am, each holding more than ten (10%) percent of the outstanding shares and are subject to SEC rules regarding trading of said common shares. ...

By consent; the Directors of Pan Am LLC., U.S.A. shall retire by deleting a percentage of common shares now held as new common shares that are accumulated though the public market beginning in the later part of the first quarter of 2011. ...

I expect this process is likely delayed given the shipping delays, in my opinion.