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Cotton & Western Mining In CWRN
Posted On: 06/03/2013 8:59:13 AM
Post# of 8059
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Posted By: microcaps
Re: microcaps #4283

Everybody will have plenty of time after receiving the prospectus-perhaps 14-30 days after receiving such, before the record date by which to make a decision.


Without a jv assoc withholding critical revenue receipts from the operation,as alleged, the operation should pick up speed and be able to put out a lot more ships. As noted,before the slowdown,production was sufficient for probably a Panamax every 2 months,but due to the restrictions, inventory built up instead. We will see amount of inventory w the financials in perhaps 30 days.


At this point the CWRN suit against Geo in Ca and the Geo suit against CWRN in Tex are a side show emphasized by shorters to wear longs out. The CWRN suit against Geo -which shorters totally ignore, is much larger than Geo's suit. The CWRN suit could result in scores of millions in judgment against Geo,which the Tex ct would have to enforce.















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