some have pointed out the PR never says r/s and a
Post# of 8059
Posted On: 10/09/2013 12:33:29 PM
some have pointed out the PR never says r/s and a literal reading would indicate we would hold stock in 2 otcqb companies- CWRN and sub KMG -the same things that make KMG fully sec reporting-like audited financials etc would result in removal of ce and dtc on CWRN stock
They are technically correct and since stocks are not in the top 99.9999% of things I understand, this has confused me also-
never says r/s but says dividend- right now private stock of PanAm- assuming it still exists- is held by Brad as it was previously held by Bob in the LLC- so wording allows for CWRN stock to exist side by side
CWRN stock is separate from the private stock of the PanAm sub
I have not understood why he would create another sub-esp to hold stock of the PanAm sub-except to put their own stamp on things since i believe brads wife is native indigenous-or perhaps to bring other concessions under the same umbrella -penny traders always assume the worst but actually could be benevolent -remember brad, unlike bob, has money
we assumed r/s because of dtc etc and usual investor experience? but dtc would be involved w creation of a new stock also
Pr says:
After careful consideration of all the options open to it, the Board of CWRN has adopted a Plan of Reorganization under which it spins off, pro rata to shareholders, a newly formed subsidiary, Kiliwa Mining Group, US, Inc. (KMG) which will hold the stock of the Mexican subsidiary mining Company Panamerican Minerals S.A. de C.V. This will be accomplished via a dividend consisting of the shares of the wholly owned subsidiary KMG, pro rata, issued to all of the shareholders of CWRN, as of an effective date within 60 days hereof, on a 1 KMG share for each 1,000 CWRN shares basis, as part of the Plan of Reorganization on a record date to be determined in accordance with Notice requirements of CUSIP, DTC, and FINRA. Said KMG shares shall be held, in trust, by the Escrow Agent (transfer agent) pending effectiveness of a registration statement under the Securities Act of 1933.
They are technically correct and since stocks are not in the top 99.9999% of things I understand, this has confused me also-
never says r/s but says dividend- right now private stock of PanAm- assuming it still exists- is held by Brad as it was previously held by Bob in the LLC- so wording allows for CWRN stock to exist side by side
CWRN stock is separate from the private stock of the PanAm sub
I have not understood why he would create another sub-esp to hold stock of the PanAm sub-except to put their own stamp on things since i believe brads wife is native indigenous-or perhaps to bring other concessions under the same umbrella -penny traders always assume the worst but actually could be benevolent -remember brad, unlike bob, has money
we assumed r/s because of dtc etc and usual investor experience? but dtc would be involved w creation of a new stock also
Pr says:
After careful consideration of all the options open to it, the Board of CWRN has adopted a Plan of Reorganization under which it spins off, pro rata to shareholders, a newly formed subsidiary, Kiliwa Mining Group, US, Inc. (KMG) which will hold the stock of the Mexican subsidiary mining Company Panamerican Minerals S.A. de C.V. This will be accomplished via a dividend consisting of the shares of the wholly owned subsidiary KMG, pro rata, issued to all of the shareholders of CWRN, as of an effective date within 60 days hereof, on a 1 KMG share for each 1,000 CWRN shares basis, as part of the Plan of Reorganization on a record date to be determined in accordance with Notice requirements of CUSIP, DTC, and FINRA. Said KMG shares shall be held, in trust, by the Escrow Agent (transfer agent) pending effectiveness of a registration statement under the Securities Act of 1933.
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