The following is NOT CWRN but is typical of a non-producing miner barely staying alive thru unpredictable dilution-always on the verge of bankruptcy that cant even fund exploration activities for long periods of time due to lack of financing andwhere date for commencement of production etc sorely lags implications of PR's
and yet their pps has been considerably higher than CWRN- and when u read their 10q there isnt even funding for exploration activities and hasnt been for a year
just to emphasize the effect of the unprecedented manipulation exercised against cwrn
"September 30, December 31,
2012
Current assets $ 7,328
Current liabilities $ 672,220
Working Capital $ (664,892 )
Our total assets at September 30, 2012 were $1,949,218. Our financial statements report a net loss of $1,083,046 for the nine months ended September 30, 2012 and a net loss of $4,909,223 for the period from January 28, 2003 (date of inception) to September 30, 2012. We had a cash balance of $78 as of September 30, 2012.
We have suffered recurring losses from operations. The continuation of our company is dependent upon our company attaining and maintaining profitable operations and raising additional capital as needed. In this regard we have raised additional capital through equity offerings and loan transactions. We have been successful in structuring deals in which expenses are paid for through the issuances of common shares."
Again the above is only for comparison purposes and is NOT CWRN financials. CWRN is the only producing co at this pps let alone revenue producing company
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