just thinking about Ca defendants games in trying

just thinking about Ca defendants games in trying to deny CWRN financials and Brads PR plans to file financials within probably 40 days of the PR to give us plenty of time before the record date to peruse financials and the prospectus

I'd been thinking the court would have to provide CWRN with financials before they could file for investor/SEC purposes-- but the JV broke up almost 2 years ago now -Aug 2011-

so the question is at what point did CWRN begin receiving all the receipts from sales- from that point on they would have financials for the CURRENT periods except for the retained earnings item on the balance sheet, which would be an unknown, and which would have to be footnoted on any financial reports, and except for long term receivables on the income statement, to be footnoted- plus maybe an odd ball item or 2.

I remember CWRN answered somebodies email (not mine); as to whether they received receipts for the Loreto which sailed Aug 7 or 8 2011- and CWRN reported in Sept 2011 they had- dont know whether that was all the receipts they were entitled to from the Loreto

remember also they had receipts from trucking of mix to the previous operators CEMEX at their Ensenada plant for industrial cement-and that was not part of the JV- and it was reported a long time ago that that was paying most of the overhead

Ever since they took control of receipts themselves they would have complete financials for the current period, so if they can footnote those retained earnings/long term receivables items with explanations- footnoting is a common practice, with sometimes lengthy footnotes- they can file financials for investor purposes for all the periods in which they controlled receipts. It seems practically 1/2 of the companies have lawsuits out there,many of which involve unknown collectables

The idea is to present as complete a pic as possible via comprehensive footnotes - during periods when Geo controlled receipts they wouldnt even be able to report known income for that period, which would make filing financials for those periods for investor purposes very difficult- its 1 thing to do for tax purposes (only report actual receipts) and another thing for investor reliance purposes when such a major item such as current receipts/receivables is either unknown or an unknown receivable w little idea re its collectability -unknown whether current receipts would be collected -which prevented CWRN from filing financials during the JV period and immediately thereafter

Geo cant hold CWRN financials hostage forever and the way out of that situation until the California court decides how much Geo withheld that belonged to CWRN, so CWRN can have more complete financials (amount awarded to CWRN would still be a receivable,whose collectability would still be unknown) is to include comprehensive footnotes for those items to give investors as complete a pic as possible- and investors then could make the determination for themselves as to the amount and collectabilty of those items

where are our practicing accountants?