C.E DTC issues: As previous posts noted he appare
Post# of 8054
C.E & DTC issues: As previous posts noted he apparently did not have forewarning of DTC status either. Yes, I (microcaps) communicated with Bob a couple times yesterday.
As previously noted,he suggested it may be because they stopped paying the monthly DTC fees and he would look into it by asking the transfer agent. TA's are the most reticent people I've communicated with so good idea for the CEO to ask.
Apparently the transfer agent indicated to Bob that that in fact was the reason-not paying the DTC its monthly fees.
There reportedly isn't any other reason. No dark secret. As they say its the money honey. Everybody's out for # 1 -don't pay pinks or other groups their money and its punishment/revenge time by those groups. This is part of what CWRN means in the PR's re the market verbiage.
I pointed out the problems/surcharges with some Penson brokers.
But for some of the reasons noted in the post I am referencing and perhaps other reasons also CWRN had no immediate plans to do anything about it. I was shocked at 1st and again reminded of the Penson games and said if you don't do anything its going to LOOK LIKE CWRN doesn't care about the stockholders.
Bob was very adamant he did care about the stockholders and if he didn't care there were a number of things the company could have done which would have hurt longs.
But that he was aware of the situation and due to past manipulation of the stock(as noted in my referenced post)he felt it was best to leave things as they are for now. To trust him. That he had the best interests of stockholders in mind and had been in this game for a long time.
And thought the situation would actually limit manipulation while the company proceeded with plans as noted in the PR'S. To trust him. That he had the best interests of stockholders in mind and he believed stockholders would be rewarded as indicated by the PR's in the near future.
I feel like an ambassador without a portfolio as well as a research/intercessory lapdog in reporting these things(I do have other jobs and I don't get paid one cent for this "job"holding the fort against specials intimidation).
But I felt if I didn't fully explain there would be rioting in the streets, for that is what specials incite-preying on the fears of penny traders.
I felt the best thing was to be totally upfront-as confirmed by my advisors- giving the tendency of penny traders.
To sum up what Bob was indicating-longs will be rewarded for their patience. As for others, they have already profited tremendously off this stock prior to the trade for trade and DTC. Friends who were in trouble dragged me into this - I never had any interest in the market. But I got into this to help friends-the story of my life- who lost homes and health and lives due to mm etc manipulation- so neither I nor the company will likely shed any tears that these things limit those manipulations and reward longs in the end.
$CWRN
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If the question is whether the increased bid support is due to company activity the answer is no. As the last few PR's note:
"The Company has stated that it is not currently providing any Market Awareness nor is it involved with the market in any way. The share price of the Company's stock is solely dictated by the market."
There are at least 3 reasons for that PR verbiage.
1). The current classification is the result of specials crying wolf- falsely accusing the company of promotion in Jan when another group of people discovered the fundamentals and MARKET FORCES temporarily prevailed -with the stock gapping up several days running day to day and even intra-day--rising up to 85%/day. The pps rise was killing specials so they upped the game by crying promotion-when there was no promotion-to get current class improperly slapped- a real masterful game move-I was impressed.
otc is ready to do that because otc has a huge conflict of interest. otc is a for profit company(has no regulatory authority) and much of their revenue is derived from company filings. So if they can force a company to upgrade to current classification(necessary to remove ce)they will get a lot more in fees from the company. So its a guilty even after proven innocent policy to force companies to increase their filings.(transparency is always good but the policy is influenced by the conflict of interest).
So CWRN naturally wants to make sure otc knows they aren't involved in any promotional stock activities.
However after what I can only assume was company anger re the improperly imposed class -which changed CWRN'S plans to post audited by Apr 15,their SEC consultant advised they take care of the situation through up-listing -which they had been planning on doing at least since the 11-22-10 PR anyway.
Thus Bob in his email to Wyoman months back(under my postings as Wyoman asked me to post and explain it)said the class-as much as the company didn't want it- was actually protecting longs form some of the mm etc games /volatility and CWRN would be taking care of the class via up-listing.
These same rationales also apply to the DTC eligibility issue-which I will get into more later-in light of the soon coming up-listing.
The up-listing changes the normal reaction to each of these issues.
The normal reaction shared by the company and longs would be to remove all these barriers were it not for the soon coming up-listing and the historical unprecedented mm manipulation prior to the leveling forces of the trade for trade and even DTC-both of which hinder such manipulation/shorting/flipping and thus protect longs in that respect in light of the coming company actions.
The company has stated actual execution of buyback will not be announced before it begins(and absent up-listing buy back of 60%(11-22-10 PR)would take many months). The company retains the option of buyback and could virtually set a floor as you infer by doing so as long as they don't exceed 25 % of daily trading volume, if I remember right.
But the stock is imo- and based on extensive fundamental analysis comparison w thousands of other penny stocks- extremely undervalued.
So, as I keep saying, at some point some bigger players are going to recognize the favorable risk/reward ratio,especially if they recognize the reason for the erroneous classification(my Jan 13,14 etc posts)and begin quietly accumulating in a way that doesn't hurt them by raising the pps too fast.
I believe the company -being far more experienced re the market than I-also recognizes this and doesn't want to put upward pressure on the stock prior to buy back,as many have already noted.
And as noted buyback is perfectly compatible with up-listing ,especially in the light of games by Penson which penalize low priced stocks.
As a result,the company sees such things as the present classification actually protecting longs in a way,due to in the opinion of many previous unprecedented etmm mm manipulation from summer of 2010 until the trade for trade was implemented.
Note that there has been no real raid since the trade for trade was implemented- for it eliminated some of the unsavory and illegal practices creating market volatility at the regular expense of longs.
Remember the trade for trade caused a great deal of consternation when it was 1st implemented(thats what penny players do best -obsess on the worst case scenario).
But when trade for trade was implemented we discovered it was actually beneficial to longs. It stopped the illegal naked shorting etc.
Etmm had been playing this stock like a yoyo for many months -neither I nor other people much mote experienced in trading than I had seen anything like it for its duration.
Etmm had been artificially depressing pps for many months in coordination with raids and posters who would suddenly appear again as part of that raid coordination.
Etmm would regularly raise pps to even an RSI of 100 repeatedly- at which point the stock apparently would be shorted anew and then purposefully crash the stock ,purposefully triggering the stop loss orders that had just been raised as a result of the RSI 100 rise.
But trade for trade stopped that-to be continued for those who are listening.
(Posted by microcaps1 Sept 8 2011)
EOM
$CWRN