I understand and generally agree-to respond w info u may or may not know:
shipment info is covered by NDA I believe-Bao doesnt want competitors-who are all searching the globe for non big 3 sources so they can break the big 3's ability to set prices-to know where its found a new source of supply-doesnt want them to know about cwrn or baha or even know Bao is including Mexico in their search. That should partially change once agreement between Bao and CWRN is finalized-which Bobs last posted info indicates will be very soon.
CE removal requires financials be filed for ALL periods since the last filing (for Sept 2009 qtr)-NOT just current financials -which is an irritant in itself and an extra expense from which for profit otc profits re these co's. Once NON-reg otc applies the ce (based on supposed promo just becauae pps was gapping up several days running and rising 85% day just before ce-see my 1-13,14, 2011 posts detailing my conversation w otc) otc will not allow the co's to regain or occupy a "no info''(a misnomer) or a "limited info'' category-which imo is purely manipulative blackmail.
Thus as part of upgrading to current class (highest pink category) co's are also required by otc to file an extensive initial co info statement which details cwrn's history /dealings ALL the way back to the FOUNDATION of the co-which is 1993-1995 I believe-so its like having to file a 10k for each of the last 17-19 years-and u know how long it takes these pennies-w their tiny office staffs - to file a 10k just for the last year-often takes them 3-6 months just to do that-these pennies including Bob just want to focus on production (the few that actually have product). Plus lawyer certificstion of all these things.
So this unnecessary gauntlet is what moved CWRN's SEC advisor to advise uplisting instead to OTCBB (which I know u know sunny but summarizing for everybody). The only extra requirement for that OTCBB uplisting is essentially AUDITED financials -which Bob had indicated last qtr he WOULD file after dec 31 2011 qtr-so dont know whats going on there -either Bao or change in uplisting plans-
possibly to Nasdaq earlier than we think -and he cant reveal the timing re that. As I 've said when he mentions 24 months in re to financials I believe w good reason he's referring to Nasdaq requirement of 24 months audited financials (which CWRN SHOULD have by now- 24 months since last posted financials)-which is the same requirement as uplisting to OTCBB-and if he's really pissed at all the things otc has put him thru (which is a guarantee) he may just prefer uplisting straight to Nasdaq-merchant bankers and Nasdaq uplisting were mentioned in Nov 2010 PR-see somebodies post re Bobs excitement re meeting w lawyers recently re uplisting to NASDAQ.
SOP for NDA's to prohibit the wide distribution of info via PR's (which competitors could LIKELY read) while allowing the limited dist of info to shareholders via emails and on these boards-which competitors are NOT likely to see.
ORE was still at port as of independent pics taken ca Mar 19-at which time they were trucking 5th order-as confirmed by same independent pics which I still havent been given permission to post-they belong to a friend of the guy who sent the pics to me-and that guy said he himself was going to the mine/port March 30(last I heard) so should see pics soon.Bob turned shipping over to buyer (presuambly Bao very suddenly in Dec-apprently when buyer(presumably Bao)paid for the ore. Bob expected ore to be picked up a couple weeks ago.
