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finally, a decent update from the company.
Shareholder Update
Copper King, together with Equity Security Funders has formed two separate companies to purchase another mining project and a minerals processing mill. Copper King will operate both the Mine and the Mill.
The mine is in Arizona and will be developed into an operating mine over an expected time period of approximately 24 months.
The mill is in New Mexico. The mill has an 800 ton per day design capacity. The plan is to refurbish one 400 ton per day circuit to process minerals from the Arizona mine and another 400 ton per day circuit to process precious metals from other mines in the New Mexico area.
Each project has been funded to the tune of $25 million of assets, for a total aggregate appraised asset value of $50 million. A Canadian investor has committed an additional $30 million dollars in equity financing to these projects with the understanding that within three years, Copper King/ESF will buy out the equity investor(s) approximate 33% share of each project at the fair market value. Copper King and our experts estimate that the mine, once developed and ready to produce on a continuing basis, will be valued at approximately $115 million and the mill, once the first 400 ton per day circuit is refurbished will be worth approximately $100 million dollars. Based on those estimates, the buyout of the equity investor(s) for both companies will be approximately $73 million. (These are estimates only.)
Although one investor/partner has committed to funding and agreements are in place, we have not yet received the funding and do not expect to see the bulk of it until after the first of the year (January or February 2020). Thus, Copper King and ESF are looking for additional funding sources for both a bridge to the final funding and as a possible backup.
Once the funding is in place and Copper King begins to receive revenue on the "mining operations" contracts, Copper King will be able to show the viability of a clear path to continuing and increasing revenue. This will push FINRA to list Copper King shares for trading. Our ability to show projected (or hopefully) actual revenue for Copper King will enhance its market price.
Thanks for your continued support. We will keep you updated on our progress.
Lee Abbott
and the Copper King/ESF Team.
Eventually--what goes around---comes around ,and those get theirs
happy Halloween JOHN R.I.P.
John Felderhof, the only executive ever prosecuted in the Bre-X Minerals Ltd. gold hoax of the 1990s, has died in the Philippines at 79 years old, according to his Toronto lawyer.
You are right on in theory, Skittle. But the problem is with Fake Companies and shells there is simply no staff around to do anything. Accountants cost a fortune. Most shells pay the accountants with stock. But with this one in a "No Can Do" status that stock is worthless. Eventually the conference calls will come to a screeching halt because the people involved are involved in other projects and other companies.
Each year that passes, those CPRK NOL will be less vaulable. Its been 7 years with no results and these a$$-clowns think they will have a profitable mine running. Yoou might as well just sell those CRPK NOL. I would think mining is 100 times harder than filling paperwork.
What happen to that property, Lee, where all you had to do is blow up ore and send it to the smelter to give CPRK some cash flow. I would think that piece of land would have been your main focus because it gave CPRK some cash flow. But of course, you use ESF money to buy properties for ESF that no one wants to fund. It seem that theres a conflict of interest having one CEO for both ESF and CPRK, especially when the CEO favors ESF over CPRK. imo.
Of course it is going to be the same thing, Skittle. The "Company" is grateful that there are really people around who will listen to endless conference calls with no real solution or answers or time frame. They must figure that these calls are the least they can do since they could not fulfill what they promised when they took your money. Sad.
no its gonna be the same bs...Lee: "Guys I think we are really close. I think we will gonna be trading here soon but i can't promise anything. We should get some funding soon.... blah, blah, blah."
There are alot lurkers on this board but they never post. I guess they are blowing up lee's phone so he has to do a conference call. Its been 7 years with no results but you can't question this company because its fakenews.
WOW, I'm shocked we are going to have a conference call on the 30th of this month maby the guy I talked to was wrong...hope so.
its not slander when its true. #fact. how much do you want to bet that this company will not be trading in 2020? do you know what properties esf owned...no but its fakenews to question them..its truely amazing.
Like a bunch of old cronies sitting around and gossiping! Go figure. I wonder if slander ever comes to their minds? Doubt it. JMO
I tell you what likely happened to the money, Skittle. It was used to line personal pockets. That is how the OTC works. Also, you are correct about lawsuit possibilities. Except you would have to read the fine print on documents you should have signed when you sent in your money. This probably protects them. If there were no documents you may have a case. It always depends upon tiny print that you need a microscope to read.
we have no evidence that esf money was actually used to buy minning properties. just a bunch bs. no update. no actual documentation. who knows what happen to that money.
well time to prepare for a lawsuit. lying leee better sell cprk and give esf their money back or hes going to jail.
I heard from a friend today that has been involved from the beginning this whole thing is down the drain, no more phone conferences no telling us to hold on, no more dreams of a company or making or money back...ITS CA-PUT GUYS STOP DREAMING, ITS OVER...
Lying Lee said it himself that cprk is just a shell company if the company doesn't have any cash flow. if you knew that lee, why didn't you use the ESF money to get one small cash flow project for cprk. instead you brought a bunch of mining land that you can't get funding and can't sell to anyone. is it because you care for esf and not cprk. you, yourself said that cprk share price has to astronomical for you to recover your investment from cprk but you were all giddy when talking about how esf would make you $$$$. no institution is you gonna give $$$ but you refuse to sell cprk NOLs for cash to develop ESF properties. is it because it will dilute your position in ESF to absorb all the cprk shareholders into ESF.
hmm maybe make it even harder? https://www.sec.gov/news/press-release/2019-189
Why no call this month.....are they done?
The lack of ESF calls tell you all you need to know. This turd is done.
Spot on as usual Skittle. You sound like a real stock analyst. NASDAQ is impossible. We know that. So that is a lie. If you can't get listed on OTC you will never get listed on NASDAQ. The requirements are even stricter. You don't just wake up one day and decide to go to NASDAQ. Whoever said that is delusional or deceptive. No institution will fund this, that is correct. This whole experience is why smart people and companies stay away from the world of OTC. It is a world of Fake Companies which will destroy people's lives. This is why the OTC should be shut down.
isn't the 90 days period that lee said he needed to get this trading ends in october?
he already allured to the next excuse. that they are no longer trying to trade on OTC market and pursuing NASDAQ. it will only take them another 3 months. another lie, but shareholders will continue to wait.
lee have been trying to get major funding for 7 years and was unable to but he wants us to believe that all the sudden now. all of the mom$pops investors that were suckers into this ran out; so its over because no institution is going to fund this.
It is not about mining claims at this point. We should try to stay on topic. It is about a company being rejected for listing. They are on the "No Can Do" status. And it has nothing to do with a mine. It could be an operation ran out of someone's basement. The pump and dump artists who are on the shareholders list should be purged. They want people to talk about mining, claims and minerals because that is a Red Herring that keeps people away from talking about the stock. With a "No Can Do" listing the stock is priced at Zero. Sad but very true. Especially after so many years.
Do they have any mining claims they are working on? I tried telling charles about 200 acres of claims we hold that are rich in copper and have some silver and rhodium and gold but he said 200 acres wasn't enough and wouldn't even look at it...figure if someone was interested they could put put in about 1000 acres in the area since its very rich in copper
CPRKQ, funny one would say that. Me and my wife took a flight to the mine to visit. Have several rocks and even had a tour with one of the land owners that where being minded ( Candy B ) she was a pleasure to spend time with..... (still keep in touch) apple tree and deer in her front yard....It is steal the real deal. believe it or not. Your choice, i put more $$$ into it because i met the ppl that are working hard to make it a real Co..... JMO
Thanks Lee and others for your hard work too make this happen.
GLTA Longs
Its been 7 years! i would say that people who dis this investment are right. what i notice about these high risk investments(basically a bunch of pike-dreams/scams), is that the people involved have these inferior complex about them. either they have been disrespected or belittle their whole life, and with these investments and the riches they think it will bring them, they think it would show the world how great they are because they had the forsight to invest. this is why people continue to wait, when its obvious there is serious problem with this company. its been 7 years. how delusion can you be. at this point i would call lee a liar.
CPRKQ, thats because most wrote this off already. But Lee and others stepped up and took over, we real believers have faith that good things will happen, non believers will never be happy no matter what happens. long and Strong
GLTA Longs
Sorry, I meant it does NOT matter who they are.
It does matter who they are or what they do at this stage. These are Fake Companies. It requires nothing in order to get a ticker symbol and listed on a garbage exchange. This one just cannot get there because it allegedly has pump and dump operators on its shareholder list. FINRA discovered that and then threw the paperwork into the "No Can Do" list status. So in the world of real companies you are spot on, Skittle. But this is not one of those. So it doesn't operate by the standard set of rules.
what is lee's background? would you put a miner in charge of a computer graphic company? NO!... than why would you put computer graphic designer in charge of a mining company. i actually thought lee was a lawyer; someone put that lie out there. just because someone says with "conviction" that they know what their doing...it doesn't mean its true. people fall for that nice guy act. he such a nice guy that means he knows what hes doing; he wouldn't lie to us.
its just amazing after 7 years that more people are not pissed about it.
What bothers me are the delusional conference calls. The same thing over and over and over again for years.
after 7 years, there no projects, no money...they can't even give us an update. you gonna have call this a scam at this point. just a bunch of bs on every conference call.
We shall see if that is true, Skittle. They could keep stonewalling and dodging and making predictions about three months, next year, etc. essentially forever. In 20 years we could be right here talking about "next year." I will be right here and reminding that this "company" is a "No Can Do" from way back in 2013. Maybe it will be buried in a FINRA historical file of some sort. But I have never seen a company admit any such thing. Sad.
eventually they have to admit it.
I appreciate the credit. But just remember three simple words -- No Can Do. That is the history here as well as the future.
I have to agree with this (quote:Trueblue. Not all shareholders are delusional) So how do we teach some of these delusional posters to watch and learn where cprk is headed? Every thing these posters need is in the conference calls! Maybe if they sit back in their seat and wait for cprk to start trading!! If it weren't for the people they bash, there would be no cprk board for the last few years. JMO
So did anyone request their shares to be mailed after the call, and did they actually get them?
Why would lee say they were going to the pink sheets...pink sheet are trash!
CPRKQ, or real........
GLTA Longs
That is hilarious. I have heard a few of these companies making claims like that. Not one of them ever made it. Not one. The only way that could happen is if a real Wall Street investment bank like Goldman Sachs sponsored them for a real Initial Public Offering. Then it would be set for proper sponsorship and promotion the way it is done on Wall Street. If it cannot be approved for the OTC it will never make to the NASDAQ. You can take that to the bank.
now they decided that OTC trading is not good enough for the company and is now aiming for NASDAQ. this is getting comical.
Please don't make assumptions about Chuck. I have been on most every call, had a car break down on me last night on the other side of Atlanta and couldn't make it.
Well they said last night it would be three months before we trade, at lest they are not saying next week, but now i think they are just draging there feet so we wont sue. Chuck has not been on any call for awhile i think hes tired of the bull too....JMO
One thing you will most likely not get is a simple "We are sorry, but it is just not happening. It is lost at FINRA and we obviously have been rejected."
I wonder what kind of bull we will hear tonight.
maybe someone should pass this article on to Lee. examples of firna stonewalling a few crypto securities. but they wouldn't do that to a 10 year defunct mining stock like cprk, would they?
https://www.coindesk.com/stonewalled-by-finra-up-to-40-crypto-securities-wait-in-limbo-for-launch
I agree Skittle. Rather than sitting on a secret desk somewhere with a "No Can Do" stamp they should be required to send out a simple "Rejection" response. Clearly that is what has happened here. It is almost 2020.
nope,but like the HONEY BADGER----''WHO THE F'CARES
anyone receive their cprk share from esf?... probably not, i doubt they even started printing...next excuse, the printer is broken will take a year to fix it. i wish FIRNA would just come out and reject the company request to trade instead of stonewalling this indefinitely.
i am not sure if cprk shareholder realized this but lee interested is in ESF and not CPRK. that's where his money is really invested. since he "saved" cprk shareholder in bankruptcy, i guess he feels he doesn't need to be accountable for the things he say...making misleading statements over and over again. basically lying, if not lying then he has really bad judgment.
a company stock has been defunct for almost 10 years and all the sudden it re-emerges as a shell and start trading again...yeah that makes sense. who the heck wants to touch that or who would want to approve that.
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