Thanks- good dd medi- I say the following becau
Post# of 8054
I say the following because i spent hundreds of hours dealing w holder complaints- and the blame game during the long pps fall-people blame whatever is closest -starting w ceo and then the "dd king"
cwrn was the most successful operational transition of any penny co I've seen -blame imo belongs to geo and political games which began in 2009, operating thru/greenlighting sec dtc otc brokers even mm's to attack pennies, shorters, even fbi bought stings against small co's as a result of orders from a politician who thought business was evil and had to be stopped, so thousands of pennies were targeted and restricted, previously issued blm etc permits in other stocks revoked due to that national politician who was frustrated he couldnt stop big business so he went after relatively defenseless small business etc
note: re some who have stated cwrn promised 70,000 tons/month, IPO doesnt say that
twice says UP TO 70,000 tons/month,which they have the capability to do now, but all logic would indicate would take years to build up to
note also, said they would have 7m profit annually at 45/ton at 70k tons/month- all companies do these profit projections-best case scenarios
I've seen co's w no assets whatsoever -zero- no equipment and no financing etc promise 12 million profit in the 1st year
they also said in ipo they could make money at 2004 prices which were what- maybe 30/ton
so I've been puzzled by co's presently waiting for higher prices
the very reason illegal mines started ca 2008 is because prices had exploded from 10/ton to 45/ton-giving juniors w their lower overhead high profits
in sept 2012 , w the then temporary bottom prices of 87/ton, it made sense to wait for price to recover but less so now because supply situation has changed due to high profit to juniors and big 3 even at these current prices
note also 3-7% uplift is higher at smaller sizes -and that projection was before very highly customized trommel