created this post for same reason to rebut lies posted by those who seemingly are working for parties opposed to bob and who want to blame bob for everything- thus they ignore the posts re new CEO's Navial backer reportedly absconding w the Ilia revenue -the only logical reason i can see that bashers ignore that is if they are working for the new CEO [have no proof - just logic-never seen a situation before where the ceo seemingly was allied w bashers against longs] who through bashers claims and longs dd had -before he bought cwrn- become cwrns worst basher- i grew up in a cult by birth and the adversary really did a number on this one-seemingly leaving no stone unturned
re the 2013 pr put out by the new CEO who through his previous alias which longs dd confirmed was the same person as the new CEO -a pr which seemingly blamed Bob for everything -
as per other reports that was a very misleading 2013 PR and the last official word from the current CEO, who through 1 or more spokesman(who as per both bashers and longs dd), has said he has no responsibility to keep stockholders informed
the CEO is probably sorry he even issued such PR because at or about that time or shortly later the CEO's Navial business partner or banker or backer (who apparently or reportedly paid for the expansion of much of Navials concession empire) or whatever reportedly absconded w the Ilia revenue-which is most likely the reason why things shut down-that had nothing to do w Bob -and the current CEO has the responsibility to recover said 'stolen' revenue-but we've heard nothing about any attempts to recover said revenue on CWRN's behalf
[ the new CEO was/is also CEO of a private iron ore company called Navial- whose concessions as per reports and calculations were largely likely and reportedly paid for by a backer of said CEO- the story is that the new CEO's backer stole the Ilia revenue to recoup the millions said backer put into Navial to help create Navials huge concession empire- independent articles posted by several longs showed that Navials concession empire [without that continued backing] had shrunk by hundreds of thousands of acres by 2014- so within a year of the Ilia. If that is true the public co CWRN essentially paid for some of private co Navials debts [what said backer considered a debt anyway] to said Navial backer- NOT embezzlement by the new ceo- but the reported theft by his alleged backer would have the same result-stealing potentially the entire Ilia revenue- and without that revenue there apparently was not enough money to keep CWRN operations going
reportedly the 2 lawsuits CWRN was dealing with were against Geo who as per CWRN's court claim filed Sept 2012 had withheld millions necessary to keep the ships rolling,and with the port which had held CWRN's port ore hostage. As per court docs Geo didnt prove any of their claims against CWRN -except both parties were apparently found in violation of the intent of the JV (i'm guessing thats because Bob kicked Geo out of the mine after Geo reportedly withheld millions as per CWRN's complaint)
and CWRN won the suit against the port for the ore-which is what allowed the new CEO to ship on the Ilia!!!!!
That happened just after-maybe a week or so- Bob sold to Brad
Bob has said if he knew the court would rule in his favor re the court ore just after he sold he wouldnt have sold- but w money going out and the ore held hostage for a long time he didnt have much choice
a series of rule changes and govt broken promises tied up CWRN's port ore-some of which are noted in the PR's- and have been abundantly reported before-and the govt suddenly decided the fert required an iron ore permit-since the largest constituent was iron ore-and no permits were being granted because of July August 2012 court challenges to the new Mex political admin-and then they were dealing w a lame duck President-which if you know how business is conducted in Mexico made it difficult to get any permit-so CWRN had the expensive trommel etc received May 2012 and were blocked from shipping-which is why they had to shut production Oct 2012-
last I knew the new CEO had not paid for CWRN except for a down payment- so some of the equipment was reportedly eventually tied up in court-and the new CEO reportedly sold some other of the equipment-and reportedly was dealing w far more lawsuits than Bobs CWRN- some of which have been tracked by longs dd
its interesting the hatred held against Bob who had to deal with unprecedented circumstances both in Mexico due to overbroad regs and cancellations of approvals (due to govt dealing w illegal mines elsewhere)
and due to political reasons in the USA which impacted and hurt thousands of penny co's- including stings against penny co's via unconstitutional political orders by an elected official who decided business was evil and had to be stopped-and succeeded in stopping many penny co's -even reversing previously approved permits
but its easy for naysayers to ignore all this and thus blame one party
the PR below describes some of the difficult and everchanging circumstances Bobs CWRN had to confront
LAS VEGAS, June 25, 2012 /PRNewswire/ -- Cotton & Western Mining, Inc. (OTC/Pinksheets: CWRN) -- The Qin Hai Bulk Cargo Vessel sailed out of the Pacific Ocean Port of Ensenada, Baja California, Mexico on June 13, 2012, with a full maximum load 43,829 WMT of Raw Crude Iron Ore sized 1-10mm under contract with Bao Steel. 45,000 WMT remains stockpiled at the port pending dispute resolution with the Mexican Authorities over time lapse in customs. The company began trucking on Oct 24, 2011 through Nov 11, 2011 for a shipping date of Dec 21, 2011; during the month of December, 2011, all iron ore export permits were canceled country wide, and new export regulations became effective overnight. The new iron ore export regulations not only required an iron ore export permit from the Secretary of Economy, but also included a Customs iron ore exporters listing; this entailed a series of Government audits, from the Tax Office, Mining Office, Environmental Agency and from Customs if the company had any prior exports of Iron Ore. Panamerican Minerals Ventures, S.A. de C.V., the Mexico Iron Mining Operator, begin the process of re-qualification to meet the stringent and rigorous new regulations. The Company received the new Secretary of Economy Export Permit in January 2012; however, the audits and other time consuming efforts for Customs listing resulted in the Company becoming one of only a few mining companies authorized to export iron ore from Mexico, on March 6, 2012.
re the 2013 pr put out by the new CEO who through his previous alias which longs dd confirmed was the same person as the new CEO -a pr which seemingly blamed Bob for everything -
as per other reports that was a very misleading 2013 PR and the last official word from the current CEO, who through 1 or more spokesman(who as per both bashers and longs dd), has said he has no responsibility to keep stockholders informed
the CEO is probably sorry he even issued such PR because at or about that time or shortly later the CEO's Navial business partner or banker or backer (who apparently or reportedly paid for the expansion of much of Navials concession empire) or whatever reportedly absconded w the Ilia revenue-which is most likely the reason why things shut down-that had nothing to do w Bob -and the current CEO has the responsibility to recover said 'stolen' revenue-but we've heard nothing about any attempts to recover said revenue on CWRN's behalf
[ the new CEO was/is also CEO of a private iron ore company called Navial- whose concessions as per reports and calculations were largely likely and reportedly paid for by a backer of said CEO- the story is that the new CEO's backer stole the Ilia revenue to recoup the millions said backer put into Navial to help create Navials huge concession empire- independent articles posted by several longs showed that Navials concession empire [without that continued backing] had shrunk by hundreds of thousands of acres by 2014- so within a year of the Ilia. If that is true the public co CWRN essentially paid for some of private co Navials debts [what said backer considered a debt anyway] to said Navial backer- NOT embezzlement by the new ceo- but the reported theft by his alleged backer would have the same result-stealing potentially the entire Ilia revenue- and without that revenue there apparently was not enough money to keep CWRN operations going
reportedly the 2 lawsuits CWRN was dealing with were against Geo who as per CWRN's court claim filed Sept 2012 had withheld millions necessary to keep the ships rolling,and with the port which had held CWRN's port ore hostage. As per court docs Geo didnt prove any of their claims against CWRN -except both parties were apparently found in violation of the intent of the JV (i'm guessing thats because Bob kicked Geo out of the mine after Geo reportedly withheld millions as per CWRN's complaint)
and CWRN won the suit against the port for the ore-which is what allowed the new CEO to ship on the Ilia!!!!!
That happened just after-maybe a week or so- Bob sold to Brad
Bob has said if he knew the court would rule in his favor re the court ore just after he sold he wouldnt have sold- but w money going out and the ore held hostage for a long time he didnt have much choice
a series of rule changes and govt broken promises tied up CWRN's port ore-some of which are noted in the PR's- and have been abundantly reported before-and the govt suddenly decided the fert required an iron ore permit-since the largest constituent was iron ore-and no permits were being granted because of July August 2012 court challenges to the new Mex political admin-and then they were dealing w a lame duck President-which if you know how business is conducted in Mexico made it difficult to get any permit-so CWRN had the expensive trommel etc received May 2012 and were blocked from shipping-which is why they had to shut production Oct 2012-
last I knew the new CEO had not paid for CWRN except for a down payment- so some of the equipment was reportedly eventually tied up in court-and the new CEO reportedly sold some other of the equipment-and reportedly was dealing w far more lawsuits than Bobs CWRN- some of which have been tracked by longs dd
its interesting the hatred held against Bob who had to deal with unprecedented circumstances both in Mexico due to overbroad regs and cancellations of approvals (due to govt dealing w illegal mines elsewhere)
and due to political reasons in the USA which impacted and hurt thousands of penny co's- including stings against penny co's via unconstitutional political orders by an elected official who decided business was evil and had to be stopped-and succeeded in stopping many penny co's -even reversing previously approved permits
but its easy for naysayers to ignore all this and thus blame one party
the PR below describes some of the difficult and everchanging circumstances Bobs CWRN had to confront
LAS VEGAS, June 25, 2012 /PRNewswire/ -- Cotton & Western Mining, Inc. (OTC/Pinksheets: CWRN) -- The Qin Hai Bulk Cargo Vessel sailed out of the Pacific Ocean Port of Ensenada, Baja California, Mexico on June 13, 2012, with a full maximum load 43,829 WMT of Raw Crude Iron Ore sized 1-10mm under contract with Bao Steel. 45,000 WMT remains stockpiled at the port pending dispute resolution with the Mexican Authorities over time lapse in customs. The company began trucking on Oct 24, 2011 through Nov 11, 2011 for a shipping date of Dec 21, 2011; during the month of December, 2011, all iron ore export permits were canceled country wide, and new export regulations became effective overnight. The new iron ore export regulations not only required an iron ore export permit from the Secretary of Economy, but also included a Customs iron ore exporters listing; this entailed a series of Government audits, from the Tax Office, Mining Office, Environmental Agency and from Customs if the company had any prior exports of Iron Ore. Panamerican Minerals Ventures, S.A. de C.V., the Mexico Iron Mining Operator, begin the process of re-qualification to meet the stringent and rigorous new regulations. The Company received the new Secretary of Economy Export Permit in January 2012; however, the audits and other time consuming efforts for Customs listing resulted in the Company becoming one of only a few mining companies authorized to export iron ore from Mexico, on March 6, 2012.
