Replies to post #85013 on Cotton & Western Mining Inc (fka CWRN)

[Anvil]

re Geo claims of 50% JV-which CWRN has denied-if there was any validity to that claim logically Geo would've had reps on the board and this battle would've been fought on the board of directors internally-rather than waiting almost a year to begin a public battle from the outside after Geo was denied access to the mineyou cantb eshut out of a mine if you have a valid 505 JV-they would've had a court order and a sheriif at the gate within a short time in Aug 2011

Do you have proof that there wasn't a deal for Geo to have board representation?

No proof of Geo claims-they couldnt possibly have provided 5 mill-all the equip extant then could not have cost more than 2.5 mill new and we know most of it was rented/leased-so no more than 1 mill or so equip (powerscreen etc paid from 1st ship as per 5-26-11 PR)-and May 26 2011 PR shows CWRN paid for the shipping and paid 75% of Geos cash investment from the 1st ship and reportedly rest of Geos investment was paid ca Dec 2011

Do you think a good portion of those funds were for labor, diesel, permits, as well as, equipment and past due bills, as CWRN last fins showed $61 in cash.

Looks to me that there was a delay, not only with production to shipping, but payment due to quality issues. Whether CWRN was responsible for any delays or not, there were delays.

On the equipment, if CWRN is no longer using the loaned equipment, why don't they give it back, instead of attempting to sell it, which the court stopped.

[JohnCM]

"Geo claims of 50% JV-which CWRN has denied-"

50% JV sounds obsurd. Millions and millions of dollars shared for use of machinery?