Gaining back some of the price loss since June 12th would be a minimal gain as the price tanked when news of SEC trade violations hit the market on June 7th. I love the fact that you keep us on our toe's regarding operations, but investors need to have confidence in CWRN before we see a return in buying. Longs need financials released to allow transparency of the relation between CWRN and Pan American. As the owners of CWRN shares I for one am still accumulating but no longer are all of my buys on the ask when I have no reason to anticipate a jump up in PPS. It would not benefit my account at all. Currently my average is .0036 which has me down over 45% in my account. That does not include some of the losses I have already been hit with over the last 20 months since I have been involved in CWRN. I was lucky to sell before CWRN went below .02 by the grace of God and have been buying since we dipped back below .01 anticipating follow up action of previous PR's released by CWRN. However I am still waiting and not much has been mentioned or released to prove follow on action is occuring and the officers are keeping their word. Every sell that happens now does not just effect the value of my account by a fraction of a percent, but now I watch my balance take hits of 10 and 20 percent.
It is in the best interest of all shareholders including Bob and Sharon to find a way to put on paper a statement of ownership between Pan American and CWRN and to release financials backdating to September 2009 when they were last released. As the owner of 2 Billion shares a steady increase in the PPS of CWRN would allow the company to qualify for much larger loans to aquire equipment and start operations elsewhere besides Baha 14, or increasing production, drilling, geologist, NI-43-101, etc on Baha 14. I understand there is much to be thought of but all of the slowdowns and waiting for iron prices to rise $10 before shipping could easily be alliviated by showing a real value for the company with fins.
As of now the company market value is $10 million dollars. Ask yourself, "Do you think Bob would ever let this company go for $10 million?" Doubtful...Very Unlikely, and I can't blame him when each shipment brings that much into the companies accounts.
So as a long term shareholder I would hope financials would be in work and complete so that investors such as myself and those here on this board and Ihub can return to living a stress free life without need to defend the companies actions continuously against attacks from bear raids and rants of company execs not doing the job they are expected to as an officer. CFO should be replaced and someone hired who can be more accountable for upkeep of the company financial records. All Just My Honest Oppinion as I may not know everything related to what is taking place behind closed doors with the company.
However, I do just want to say I appreciate your inputs all the time and want to thank you for your comments and information you have contributed to our board. Please keep the board updated as much as possible as I am sure all here Thank You.
Sincerely,
DevilDolphin
One last question...You mentioned rented equipment. Any way we could find out what equipment is rented and what is owned? Thank You in advance!
