Re: microcaps1 post# 73162 Tw

Re: microcaps1 post# 73162
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Post # of 73199
financials- CWRN was reporting financials until Oct 2009 but had no operations yet so fees for reporting to for profit otc were a signifcant expense in a caretaker operation where the financials essentially had nothing to say.

Nov 2011 PR announced would have audited financials by Apr 15 2011 but those being killed by pps rise in Jan 2011 shouted newsletter promo to for conflict of interest otc so otc slapped class
-which made financials irrelevant to the class-no amount of financials alone would change the class-- so CWRN was advised by their SEC adviser to uplist to OTCBB-which uplisting approach was noted by May 26 2011 PR.

Indications would file after 12-31-11 qtr but believe NDA w Bao -in stiff competition w its competitors for new sources of iron-held hostage and our resident auditor said they couldnt report revenue for 60k tons paid for in Dec until buyer had actual physical possession -

and buyers choice to take over shipping responsibilites and Bao(buyer)sent a ship w steel products to Los Angeles -where the ship is still moored but expected to arrive in Ensenada tomorrow I think to pick up ca 1/2 of the 80k tons at port