There is no question re ownership and PR's repeat the sub(pinksheets even lists the private Mexican company as CWRN'S subsidiary) is held in trust by and for CWRN-due to Mexican law that prevents direct foreign ownership -so all companies have to go thru this process to operate companies in Mexico.
The only reason the Mexican company was created by CWRN was to comply with Mexican mining laws. The Mexican company is private. It does not have stock of its own-so the only place the revenue CAN go is to CWRN shareholders. It is de facto a wholly owned sub though CWRN sometimes calls it an affilate presumably to comply w Mexican mining law.
Many PR'S include the following language:
"The Baja Pacific -- "Mina Guadalupe" is operated by Panamerican Minerals Ventures, S.A. de C.V., Ensenada, Baja California, under contract with CWRN and held in trust for CWRN by its principal officers and directors, Robert L. Cotton and Sharon Vazquez.
Who is CWRN? CWRN is the stockholders.
So this contract/trust is for the benefit of all CWRN stockholders.
Sharon is Pres of Mexican company with Bob as VP-to comply with Mexican law -since Sharon is a Mexican national.
Bob and Sharon have CONTRACTUALLY REPRESENTED to CWRN shareholders that via the contractual relationship tying the 2 companies together that all revenues will inure to CWRN shareholders/investors-which include Bob and families closely held 1.75 B shares.
They have represented this continually and consistently so they are BARRED/ESTOPPED from denying or breaking this contractual relationship w CWRN stockholders.
So there is a CONTRACT. Violation of the contract would bring legal sanction.
There is a TRUST. All property of the privately held Mexican company legally/contractually belongs to the parent CWRN VIA THIS TRUST.
If you make a will or trust to pass on your property,the courts will enforce that will/trust/contract absent considerations that are not relevant here.
By representing this relationship and even noting it in PR's,this also separately forms a de facto contract w every CWRN stockholder,each of whom could sue for violation of contract.
If Bob were to go insane as continually implied by some intent on revenge,and try to do something illegal re the property-like load the cat 740 in the middle of the night and drive off to Venezuela where Chavez would immediately nationalize it- Bob would forfeit all his CWRN property and stock.
And the pps would jump with the immediate retirement of Bobs shares and if, according to those intent on revenge,the new overseer is far superior in running the operations, the pps would rise for that reason also.
Since special interest groups keep recycling the same scare tactics,the following post of mine:
Posted by Microcaps1
