As everybody knows by now I called OTC trading services(otcmarket.com-212-896-4420 or 1-800-547-8682 when the class was improperly imposed.
They told me the reason for the status change was a presumed newsletter PROMOTION(they assumed)but there was no promotion as noted by 1-30/31-11 CWRN PR etc.
I think promos are stupid and usually end up hurting co's but in the larger scheme of things -w all the fraud everywhere at every level running rampant in the market there is nothing illegal about a newsletter promo.
People who have been here for a while know this for this issue is often recycled.
That companies without current filings for which there is a promotion may receive the CE symbol-and for profit non regulatory otc is trying to force all co's to upgrade to current class so they slap ce without proof on hundreds of co's..
He said they look at a number of things-especially price changes and market activity.
This is what I suggested earlier.
Special interest groups complain because they are being killed by the price rise. OTC sees no current filings and sees the dramatic volatility,large volume and price rise of the stock.
The stock was not only gapping from day to day but intra-day-something I'd never seen before.
So they issue CE
He said they have no knowledge of any fraudulent activity and did not receive the status change because of any fraudulent activity.
One of the persons who first posted the suggestion of fraud-who has believed the same since 2006 and suggested that the pictures were fake,probably knows what I've just told you-because they are far more experienced at this game than I(I don't like games and won't play them and even my enemies recognize and are afraid of my integrity).
So ask yourself why they sounded the alarm under false pretense. Special interest groups have an agenda and it is always easier to take advantage of peoples fears to destroy than it is to build.
The false accusers know they win temporarily no matter what in this smear campaign scenario-the pink elephant syndrome.
the stock will recover because the fundamentals-actual production w multiple shiploads of stockpiled material-are there and the company has substantial revenues.
Most of you have traded many CE stocks up to at least $5/share because many of the companies promoted by stock newsletters had the CE status even BEFORE the promotion,for reasons other than a promotion. There are hundreds of such stocks.
There are over ten thousand stocks(a number which varies) in the grey market alone(otcmarkets.com)-a class below CWRN's recent no info status-no info itself is a misnomer -category where amount of info doesnt qualify for a higher category.
As everybody knows by now I called OTC trading
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