To increase investor confidence in the midst of the feeding frenzy, CWRN needs to:
1). Post financials on the website-the easiest, quickest, cheapest way to do so-as some companies do--if Bao's competitors dont know about CWRN Bob should be able to get this concession at this time from Bao if financials have been hostage to an NDA- especially after Bao allowed mention of their interest in the Apr 13 PR.
2). Post regular operational updates on the website--as they did temporarily-task somebody-Sharon? to do this-this will save Bob a lot of time re emails
3). Post financials on OTC-this alone will not change the classification but will be helpful for several reasons-and will cost many thousands probably-OTC is a for profit company. OTC usually requires co's to upgrade to "current class" once they slap the ce but I have seen a few recently that were allowed to upgrade just to "limited info"-which would be far better than a ce while up-listing is pursued.
The financials, from the inferences we've had for some time, are audited-see according to former auditor marionthis etc posts on the hub--so the remaining onerous thing about upgrading is the initial co info statement detailing CWRN history back to 1995-which may not need to be nearly as detailed in the limited info classification
Also w limited category dont need lawyer certification letter certifying that the info satisfies statutory/regulatory requirements for the current info category -which alone usually requires meetings w the officers/directors/accountant/auditor (and thus is expensive).
This upgrade to limited info would only be a stop gap measure until up-listing,just as "current class" would be.
pink stocks are classed by for profit, publicly traded, non-regulatory OTC into the following categories in order-grey market stocks (little liquidity), ce, no info (a misnomer because often have a fair amount of info but not enough for "limited info"category), limited info and current info.
CWRN has been planning on up-listing to the OTCQB tier of the OTCBB as per May 26 2011 PR
4). CWRN has grown tremendously operationally-is no longer a mom and pop operation- and thus should enlarge their officer/BOD ranks.
If CWRN JV's with Bao re beneficiation plant, I presume Bao official may have managerial duties there,whereas CWRN would probably have managerial duties re an onsite JV fertilizer processing plant.
