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The properties don't matter Farmboynate. That subject is nothing but another red herring subject so that investors do not talk about the stock. All that matters is the stock. And with no listing that doesn't even matter. Sad.
You are spot on Skittle. I have been in an aggressive growth mutual fund for years plus I do my own stuff and have done far better than parking money into this company has. I think it is not the company and the managers fault, necessarily. They got sucked into the same lies that all of the shareholders have. No one is really doing a good job educating the masses about the Fake Companies, Fake Exchanges and other underbelly of Wall Street concepts.
whats wrong with the properties?
the DOW Jones is shooting straight up and my money is stuck in this turd.all that money that LEE wasted getting this stock relist and buying priceless land that no one wants to finance to develop, he could have just invested in the Dow Jones and the company would have been better off.
No, there is no accounting or reporting down in the world of Fake Companies and the Fake Exchanges. Investors money is gladly taken with no explanation. So many things are legal down here which should be illegal. The Fake Wall Street underground underbelly should be shut down.
We keep hearing about the equity funding.has there ever been an accounting of this entity/what has the money been spent on.has there been any value added to cprkq. I was in the equity funding for 5 years and never hears a word. I am pleased to say I received all my money back plus interest,but never a word on what took place with the money.
What is to follow? This is a botched up deal where someone signed on for a "relisting" which never happened. Someone did not tell them that de-listed companies with a history like this one are not permitted to re-list. This is why predictions like "next week" or "coming soon" is delusional. Look at the history going all the way back to the year 2000.
I haven't been following cprk much for a while been to busy
What happened to the private claims they had?
That's not true. Lee could have sold a third of CPRK NOL asset for millions and use that to paid off debt and still have money to invest in mining project. Instead CPRK is stuck with a loan from ESF with a ridiculous interest rate. All the money in ESF was not use for CPRK, ask Lee how much money was lost on that failed Condo deal.
The term Kool-aid drinkers is not worth repeating, If you were old enough you would know what a horrible situation that was. To make light of such an event is ignorant in my opinion, and shows little class. End of discussing anything. Done. JMO
You would need to have listened to the calls, and also realize the Equity Funders are exactly what it sounds like. Folks that chip in and help fund all the costs of getting CPRK back up and running! Without us, there would have been no funds to get things done! Started, moved forward, costs of lawyers, paper work, etc. Regular cprk shareholders have not had put any extra funds in to help. JMO
I don't think its fair to CPRK shareholder when the CEO is favoring ESF over CPRK because he has greater investment interest in ESF than CPRK.imo. His decision making is reflecting that and its a conflict of interest.
Just if any body is interested I just checked with my td ameritrade account and it says no shares registered.oh well.
Because we all still own worthless or should I say none trading shares of cprkq.if you could use your influence to get this company trading again so that I could peddle my shares then I would be gone.until that day comes people will still have to listen how it has been over a year out of bankruptcy and still no movement on the trading issue.
??? you guys are still hanging around??? For what purpose?? Whatever floats your boat I guess. JMO
Welcome to the world of Fake Companies. Nothing makes sense and nothing is real except for one thing -- no ticker symbol and no listing. It all is truly a sort of Twilight Zone type of world.
Why does CPRK has to transfer its NOL asset to another company like ESF in order to sell its NOL asset for some cash flow? In bankruptcy, you sell asset to help restructure. What is the point of ESF anyway?
CPRKQ, Thanks ChuckD for keeping it real. Some just do not get it, nor will they ever.
Those of us that do get it are great full for all you do..... Thank You
GLTA Longs
Also please don't quote stuff from the internet from a discussion forum...those people are not experts and its from their own perspective. since you are a representative of the company, your response is considered an official response from the company.
Its not like you couldn't issue ESF shares to CPRK shareholders, which is better than sitting waiting for 5 years with nothing.
If you had bothered reading past the first response you would have seen this.
"IRS Code section 382 and 383 limits the use of net operating losses if there is more than a 50% change in ownership. This is to prevent “trafficking” in NOLs.
The NOLs do have some value and an appraisal would need to be performed.
Corporate NOLs can be carried forward for 20 years so years until expiration will drive the value."
And then this.
"With extreme difficulty. Congress substantially closed this loophole of “purchasing NOLs” a fair number of years ago.
I’ve not looked into it in probably over 10 years so my answer may be dated but “effectively you can not” is my answer. NOLs are specific to the entity and NOT something that can be transferred."
New Management looked into this at length with lawyers and accountants and in hindsight it may have been easier to use ESF or another company and try and transfer the NOLs but my job as Chairman of the Equity Security Holders Committee ( and the Committee) was to look after the interest of ALL shareholders (around 6000) and not just the 100 or so who invested in ESF.
If it was a real situation, a real investment banker on Wall Street would sponsor them and take them public on real Wall Street. The fact that it is not on Wall Street speaks volumes. Obviously someone has botched things up.
cprk shareholders have a great opportunity in being apart of a real mining company but this management has decided not to pursue that route and rather go towards a fruitless dead-end path that will eventually end up in bankruptcy again or nowhere... they are going to let cprk 75 million $ NOL asset go to waste or expire. imo. you tell me with 75 million $ NOL asset, you can't sell half of the company to fund some mining project and get some cash flow. amazing.
https://www.quora.com/How-does-a-corporation-go-about-selling-its-Net-Operating-Loss-NOL-to-an-entity-that-can-use-it
History does tend to repeat itself. Over and over and over again. Especially in the Fake Company underworld.
YES!!!!!!!!!!!!
If you want a little entertainment go back one year to the posts of feb. march and April. You could almost transpose the posts of this year t o back then. The more it changes the more it says the same. Will 2019 be a repeat of 2018.
You got it Dent. Again, welcome to the world of Fake Companies. A vast majority of them claim to be something or work in something that they do not really do. The real "business" is printing and dumping stock. The whole Fake company industry should be shut down.
Cprk is mining company supposedly but the company doesn't own any mining properties but it wants to trade as a mining company...amazing.
Let's put it this way, Dent. Anyone could start a "Mining" company from a basement somewhere, get a ticker symbol and then get "listed." There doesn't have to be a mine. They could get the ticker in about a year and a half. Welcome to the world of Fake Companies. In this world the "company" doesn't have to really do anything. They just have to have lawyers and contacts who can get it all done.
Well, has anybody noticed that March is almost gone and I do not see any changes good or bad. Is our tiny little mining company any close to mining or is our tiny little company anycloser to becoming a trading stock company.i am going to guess not.i hope that someone can prove me wrong,however I think that I hope in vain
It is a sad situation, indeed. This company was created way back in the day when the owners and managers believed that the world of small companies and exchanges was a real world. Instead it all turned out to be fake. As far as selling? No one wants to buy a Fake Company listed on a Fake Exchange. Sad but true.
All they have to do is sell CPRK to highest bidder and take that money and develop the ESF mining project and issue CPRK shareholder ESF share. Instead they want to wait forever to get relist, not only that LEE at this point is still willing to go to plan B. I wish they had just let this die. This stock is no longer a nightmare but a curse for me.
I had many hopes for this company, but it seems now they are just slowly going to the dogs...they have quit talking to us or if they do its just the same old thing....(its coming next week) Its really sad and depressing..... However, that said.. I am impressed with Chuck and lee for how they tried to turn this turkey around, they fought tooth and nail in the beginning but got bogged down with government regs and crap not foreseen...They have all lost money..me not so much ...them a lot no dought .. I guess its time to stop beating a dead horse.IMO
The sad thing is that they do not reveal the truth that the relist was denied. They just sit there and let people speculate forever. GLTA, including the shorts. Just to be fair and balanced.
we'll probably go to plan B...another 5 years for the GLTA investor.
There is nothing to accomplish. In the world of Fake Companies you just wait, wait and wait. The way the regulators and other powers at be do this process is horrific. It is their way of saying no. This is how it will be if it is never listed again. No answer means no. Someone should step in and change the way business is done, with simple yes or no methodology. The process is really sad.
still no update...i guess they haven't accomplished anything since the last update.
Well.............. Looks like i'm going to have to keep you in more suspense as to where and when! lOLOLOLOL. I know but it's to weird because I don't know when we'll all be able to sit down and have a drink! I'll be one of the first that would be glad to visit with others once we are trading. Hang in there! JMO
Tell me where and when and it will be my pleasure.truly looking forward to it
Well, I know hope is not part of investing. The reason I invested in the Equity Funders is they are former cprk shareholders also. They had much more then me invested in the original company i'm sure. It is this handful of great people that have done all the work. Yes, we have invested in the Equity Funders but we know they have the skills to get this trading again. I'm sure nobody likes the amount of time so far, but without their work the millions of shares I had pre split would have been completely gone years ago. When we are trading again nobody will make you eat crow! But you may have to buy the first round!!! LOLOLO Hang in there!! JMO
I truly hope that you are right.i hope that I have to eat a ton of crow,but after a year and getting longer my hope is fading. The idea that a new mine or anything else is going to rise is just ,in my opinion,wishful thinking.if you guys are right then I too will get some money back so who am I to hope we fail.
Nice to see another level headed person here. I can't believe someone invests in the Equity Funders, decides he wants out, lets them know he wants out. they pay him his money back with interest!! and he's upset??? What the fart am I missing???? LOLOLOLOL I have a red mark on my forehead now!! LOLOL
Ok???? So you would rather have had the original board wipe you and all shareholders out right of the bat? Instead of a group of shareholders that new there was more value to what had been done, built, ore, etc. then the old board was saying? So the group of shareholders that have went out and made this all happen on their time, their money, their headache doesn't matter? you would rather have been wiped out completely and never had a chance of trading your shares again? I'll stick with the group that has bent over backwards for cprk shareholders and is still working on getting this all up and running. I know Lee, Chuck and others are working for all of us. JMO
you mean risk vs "unrealized gain"...lol,what a joke.
Spot on as usual, Dent. Fake Company, Fake Shares, Fake Exchange? GLTA, shorts included, just to be fair and balanced.
All of us are out the money we paid for our worthless non trading possibly never trading shares.
CPRKQ, risk vs reward......... well worth the wait. jmo
GLTA Longs
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