thanks madflight for pertinent article re definiti
Post# of 8054
again the only reason publicly given for various levels of dtc "chills" is an unauthorized issuance of securities. When dtc executes actions re co's they often refuse to tell even the co's lawyers the reason why,as noted by various co's PR's on this issue.
If what the dtc are doing is legitimate and not just a tool/manipulation of shorters then why the secrecy???
As noted the Nov 17 2011 Pr said had been no issuance since 2010-other than restricted as per agreement stock issued to geo in 2010 as part of the jva? cwrn issued only a small amount of stock as noted in the following filing -
which I believe is the only convertible stock CWRN has ever has since my ownership of cwrn stock began 2009. Many co's at this pps have a lot more stock issues than cwrn has and other such co's often have a huge list of convertible promissory notes -for an example check out Sirgs latest 10q.
I think 500000 stock was offered in that feb 2010 offering but i think only the 50000 noted here may actually have been subscribed,which is why cwrn then tried the mar 2010 promo.
At the time CWRN had no operations, had only 15000 costs /quarter,of which 3000-4000 fees to otc were a major part, which is why cwrn, like many companies, dropped its prior current or limited info otc status, which of course turned out to be bad timing, for non-regulatory for profit public co otc.markets.com allows promos for current status and cwrns failed mar 2010 promo -part of a desperate effort to raise enough money to begin mining operations-was afterwards.
But cwrn has no issue w unlawfully issued securities to my knowledge and any issues re the small 2010 issue would obviously be vetted w the sec in 2010 when cwrn made this filing.
So there is absolutely no reason to my knowledge why dtc would be changing cwrns staus- IF IF IF they are -at this time.
I havent even verified this is an actual real dtc notice yet- it may very well be -but it seems suspicious coming on the heels of 1 or more apparently bogus dtc lists provided by deep bashers lately.
Understand that paid bashers work for mm's and other entities to profit by shorting our stock. They arent interested in truth- they partly ply the low penny waters -relying on what they consider penny traders general ignorance, to fraudulently manipulate and profit off of longs.
We've been attacked by specialist sec dtc court watchers since the june 4, 2012 sec complaint re the mar 2010 promo became publicly known june 7 2012, involving a list of ca 8 co's, and their leader admitted they targeted cwrn because cwrn was the only real co on that list 0-re the only co not already at .0001 on that list. Their goal -esp when a cult is involved,is to destroy everything they touch and reduce every stock they target to .0001.
When dtc or sec or otc or other entities put out lists, the deep bashers post them on the boards, taking advantage of penny and essentially all traders (blue chippers dont know about these things either i dont think) ignorance re these things to use them as a scare tactic as part of their purposely instilled culture of fear. I would say they always exaggerate the importance of such also.
The sec vetted cwrn and its stock very closely in 2012 and eventually dismissed the sec action (actually a judge did-see the posting back then) because after going thru the trash cans and vetting everything cwrn did they could find no further cause for action-and sec has regulatory control over dtcc/dtc- so that makes any new dtc action at this time (if this dtc list is legitimate) seem extremely odd,doesnt it !!!
SEC Filings
Form Type | Received | Period Ending | Size | Report |
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D | Feb 18, 2010 | 5.8 KB | PDF RTF HTML |