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Yea, it is amazing the number of followers who continue to believe everything he says. At what point does one have zero credibility? Maybe we have a lifetime of conference calls guaranteed.
This was emailed in 2013. They have been working on the same shit for more than 5 years and nothing.
Shareholder Update
Dear Shareholder,
We conducted our latest Conference call with Copper King Shareholders last Wednesday. Many of you were unable to make the call and have asked that I ‘fill you in.’ Here is a quick summary of the high points.
There weren’t any ground breaking announcements or news on this call. We are working long hard hours every day. While EVERYTHING seems to take way too long, we ARE making progress every day.
In this update I briefly cover three things shareholders have told me they are most interested in as they look at Copper King.
First, Trading: Most of you know we have had our CUSIP number for over a month now and we are still waiting for an approval on the trading symbol. We made application to FINRA weeks ago on what should have been a 2 or 3 day turnaround on the symbol, but they have not issued it yet. I talked to them on the 19th and I now believe we will have it in the next few days. (as of today Tuesday Nov 26, we still do not.)
In addition to getting the symbol, there are a few other things that need to be done so our stock will be as clean as possible when it hits the market. We need a Market Maker to back us with FINRA and the SEC. We need as much of the accounting finished as we can because that will confirm the real value of the NOL’s, and we need the final unsecured creditors issues finished. After that we can issue the new shares.
Let me address these three challenges one at a time.
1) We have talked to some Market Makers and provided the legal documents they requested to those who have shown interest. A Market Maker has a responsibility to FINRA to stand behind any stock they represent. Under the rules of the Financial Industry Regulatory Authority, they can be fined if things don’t work out; not in the sense that the stock doesn’t perform, but rather in the sense that the stock must be legitimate. We should have no challenge with that since our stock is blessed with a ‘this stock will trade’ order from a Federal BK Judge.
What we are doing is so rare to some of the regulators and others in the business that our situation does not fit into any of the neat slots they are used to working with - it’s like shoving a square peg into a round hole. Consequentially, we have had to do some educating to work through things with them.
2) I talked to the accountants to see exactly where we were with our accounting - particularly the 2011 tax return. The fiscal year for CK ends on September 30th so all of the transactions that took place in the execution of the APA and were consummated in October and November of 2011 need to be reported on the return for the fiscal year ending September 30 2012. I have paid them to finish all of the accounting to get us up to where we need to be to start trading (except an audit - if we do one), but it is taking a long time to get done. The 2012 return which is coming due should be very easy because it is a matter of clear court records.
3) Most of the challenges with the Copper King unsecured creditors have been resolved as of about two weeks ago. There are still challenges with how we are going to handle some of the WUCC unsecured creditors - there is a hearing on December 3rd to address them. We need to pay the attorneys some more dollars ASAP so they can follow-up and finish that process.
Second, Bankruptcy/POR: I keep getting asked when we will be out of bankruptcy. The answer is that we ARE out of bankruptcy. If I remember right the official date was about June 18th However, there are some things we need to complete to meet the terms of the POR. (Some of them are not even due yet.) For instance we need to finish paying the administrative claims, get the litigation trust fully funded, negotiate settlements with a few WUCC claimants etc. If we don’t fulfill those obligations there is a very slim chance somebody could cause us trouble and the BK (or at least the POR) would be reopened. We don’t expect to have any challenges, but it is a possibility. Be assured though that we are out of BK.
There are some things related to the BK that we are trying to get done before we issue the actual shares - for example we need to clarify our position with some of the major shareholders so that they don’t cause us to lose our NOL value by actions they take which could be against IRS regulations on how shareholders of companies with NOL’s are required to act. We need to get these things done quickly so that we can issue the Copper King stock before the end of the year, if possible.
Third, New Projects: We are working daily (actually night and day) assessing new projects all over the world but particularly in the Western U.S.
There are hundreds of projects available to us and we have selected four that meet our investment criteria. Negotiations are ongoing on these projects.
We appreciate the help and support you, the Copper King Shareholders, are giving the Company. The plans we are now delivering on are designed to provide as much shareholder value as we can possibly create as quickly as we can create it.
Sincerely,
Lee Abbott
and the Copper King Management Team.
Happy Thanksgiving to our US shareholders!
This was emailed in 2013. Can one of Lee's fanboy tell me why it took till 2018 for the Lee and company to file the paperwork, so the judge can issue the final decree that CPRK was out bankruptcy. basically lee lied in that email in 2013 that the company is out bankruptcy. You can't be officially out bankruptcy unless you get the final decree. I guess no one will call Lee out on this because they're afraid to hurt his feeling.
It's Official!
Congratulations are in order.
Enough of you stepped up and made the commitment to fund the DIP loan. We are happy to announce that CopperKing truly is ‘Rising from the Ashes’ and has OFFICIALLY exited Bankruptcy. The POR has been funded and the notifications stating that Copper King has reached it’s “effective” date have been sent. (See below)
There is still a lot of work to be done before we will be ready to start trading again, but the major hurdle to resuming business has been cleared. Without the black cloud of Bankruptcy hanging over our heads, we are free to move forward with finalizing the acquisitions and financing opportunities we have been developing. There is paperwork and filings that must be made before Copper King stock can be traded again and too much of it can get hung up in the bureaucracy, but we are pushing the process as hard as we can. No promises, but we hope to have everything pushed through the process in 60 days or less. We are planning to hold periodic tele-conferences and send e-mail updates to keep you up to date on where we are in the process.
We have faced some seemingly insurmountable obstacles to get Copper King to this point. As a team, we are committed to facing the challenges before us and leading the way to a profitable future for CopperKing. We are committed to doing everything in our power to earn the trust you have shown in our management team, and to develop Copper King as a company you can be proud to be a part of.
THANK YOU!
The CopperKing Management Team
Official Notice
The following is the essence of the official notice document. The full legal document is available at the bottom of the Shareholder Updates page of the website as 'Exit Notice' (see link below)
Copper King Mining Corporation ('CK'), a Reorganized Debtor in the above-referenced jointly administered bankruptcy cases, hereby provides notice that, the 'Joint Plan Of Reorganization Under Chapter 11 Of The Bankruptcy Code Proposed By Debtors As Amended On September 10, 2012' (the 'Plan') confirmed by the Bankruptcy Court pursuant to its Order entered November 26, 2012, has taken effect as to CK.
Pursuant to the Plan, the 'Effective Date' means 'a Business Day on or after the Confirmation Date specified by Debtors on which (i) no stay of the Confirmation Order is in effect, and (ii) the conditions to the effectiveness of the Plan specified in section 10.2 hereof have been satisfied or waived.'
CK specifies June 19, 2013 as the 'Effective Date' of the Plan as to CK, and represents that: (i)
no stay of the Confirmation Order is in effect, and (ii) the conditions to the effectiveness of the Plan as to CK specified in section 10.2 of the Plan have been satisfied or waived.
Dated: June 19, 2013 LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
The real question is who would buy it? Copperking is the poster child for how public companies are shut down. If there are real assets they should be taken out somehow and sold? I agree. But how do you do that if you have already sold shares to a "group", spent the money and that group is on a regulators black list? This one will never trade again. It is why you never put more than a couple of hundred in that you can completely afford to lose.
What i would do is sell cprk and give ESF funders their money back and give the rest to CPRK sharesholders. I invested in ESF because I was overcome by the emotional that came with the company going to into bankruptcy and wanted to help. Those emotions are gone(its been 9 years) and now I see this is just someone pike dream and not mine. Why continue with this when you are just going to bring more people into this misery.
What do you disagree about...that both company are boke, no money? because that's a statement of fact. call lee and talk to him.
CPRKQ, that sounds like a ( IMO ) statement....... Unless one is involved in really whats going on and helping...... and ( IMO ) one is just barking because one is just sitting on there hands and watching by the side lines. If one has a better plan, then by all means speak up and help make it happen, just saying......and just ( IMO )
GLTA Longs
No one legitimate will deal with a penny stock company. Especially one that is unlisted. The Equity group destroyed any chance this company ever had. And with the shareholders who are with them on the regulator's black list this is the nail on the coffin. The only chance Lee has is to start a brand new company with NO history, clean shareholder list and then start the process over again. They could get it listed in one year or less. This one is toast. Stick a fork in it!
This is what happen imo...Instead of loaning CPRK the million dollar that was raised by the Equity Group, so CPRK can have a decent financial standing, LEe and company used that money to buy mining properites. Them thinking with the accumulated mining properties and their "expertise" that they would be able to get a major loan like 100 million dollar. They were wrong and now both company are broke. CPRK has poor financial standing and FIRNA will probably not allow them to trade. No money for plan B either.
Realy sad we are consulting witch doctors to find out whats going on with this dog.
I just had a psychic reading on this company and asked if this company will ever trade again. Her answered was basically no.The company made some bad decisions on how they raised money privately and how they spent it which now put its financial liability too high for it to be allowed to trade again...sounds about right to me. This company is broke. No wonder lee won't release updates. I didn't tell her anything but gave her the website.
When is the next conference call? This seems to be the only measure of success for this Fake Company.
The "Equity" group would make money too with their deep discount or free stock. Of course the regulators will not let it trade so they make zero. Unfortunately they take everyone else down too.
The only people who made money on this investment are the lawyers...they probably lead this company on the wrong path and since the company has no money to go a different direction, its basically over. only one way shareholder can recover some money is for lee to sell the company but he won't because he wants to hold on to his pike dream. I guess we all fell for that nice guy act first with mark dotson and now lee. just because some one seems nice doesn't mean they know what the hell they doing.
Spot on as usual, Skittle. You certainly know your stuff. If it truly is the shareholder list that is holding it all up then there must be some bad people on that list. Given the evidence that some sort of "financing" equity group (whatever they call themselves) is involved this is not a surprise. The regulators do not like these people and these groups. Maybe the best solution is that all funds should be returned to this group and then the shares cancelled and the group purged. Then a clean list with clean people could be provided. Maybe Lee is in a real quandary here, finding this out in the 11th hour. So this would certainly go a long ways to explain the standstill. This is speculation, but certainly a possibility.
lee claimed that the hold-up to firna approval was the shareholder list. that firna requested additional information. lee has never asked me for any additional info and probably no one who posted on this board, even if a few needed to provide addition info it should not have taken a year. i doubt if firna verify shareholder information. it is obvious that something is seriously wrong but shareholders continue to accept his excuses...mark dotson was an upstanding guy until the company announced bankruptcy.
When the stonewalling becomes about conference calls that really speaks volumes about the sad state of affairs.
LEe lied again. In the conference call, he said he would send an email with updates in a few days and I haven't received any and don't expect one. How many bad judgements can you have? How many misleading statements can you issues? How many promise can you make and never fill? Before people can call you a liar or don't know what the hell you doing.
You are spot on Skittle. Managers of Fake Companies just do not have the wherewithal to get the companies to where they should be. They certainly should not fall for scams where they get sucked into the underbelly of Wall Street. They should be knocking on Goldman Sach's front door. Either they got deceived or they know exactly what they are doing in doing deals with folks aligned with Fake stock markets.
I'm not sure why then the original board sold the company without thinking of shareholders that paid for the mill? I could go on and on, tell me what happened to Marcus? I believe at the time he was given 30,000,000 shares for money he was going to bring in but......I had heard he sold the shares and never followed thru with the millions that he was going to bring in??? I believe he was drawing out a good amount of money weekly for....... nothing. This is all just my opinion. The original board stunk, Lee, Chuck and others won a decision in the courts that was un heard of!! Shareholders weren't wiped out!! The Courts agreed with Lee and others! That the original board was wrong by selling the company to someone else and trying to wipe you and me out completely!! This INVESTOR is just fine waiting for cprk to start trading again. We now have honest! Great people working for SHAREHOLDERS. JMO I'm fine waiting! JMO
I get no more emails----they must have given up or are too busy
i don't know why you don't learn from the old cprk investment...in penny stock land, you don't hold a stock for long-term investment, you buy low and sell high. mark dotson didn't try to cheat the shareholders; he just built the wrong mill because he didn't have the expertise to know better, just like our current management.
Agreed. With the folks we have working for ALL shareholders now we can't ask for more. Some very dedicated investors. I'll be adding a small truck load of shares to go with what I have now. Patience, and more patience is needed for now. JMO
CPRKQ, i second that..... True shareholders and investors will make bank...... JMO
GLTA Longs
CPRKQ, one forgot to say "JMO" because i will continue to hold for real money. $$$$$
GLTA Longs
That is possibly what a few investors will do. Myself I will be buying, of course not all at once but as the pps moves around. My faith is in the folks like Lee and Chuck and others that made us being here possible. The original board wanted us gone completely, they wanted shareholders to get nothing. Now those folks can ki@@ my ask! LOLOL I have no love for them! Chuck and Lee are the real deal!!! I'm very grateful for the task they took on!! JMO
The lost dream is about the old company. NOT the new one. Chuck and Lee have been fighting for us for way to long to be bull----. If and when the shares start trading I will just be happy to get my money back.
I would like to know who owns the land,equity finders or cprk? Also, is it land owned or just leased to mine? I have never seen any documentation of purchases of any kind.just curious.
I will be a buyer of the shares, let's just say Many! It's been longer than anyone wants but, it will happen. JMO
its the same stuff like all the conference call. what are you really happy about... they own alot land but no funding. big deal. alot people own mining rights/land but have no funding either. everything is "unrealized gain" which is a joke. all I know is that when/if they get to trade, they are going to pump this stock and I plan to do a big dump. just admit, all you are hoping for is to dump this stock to the next sucker. nobody believes this going to be a successful mining company.
i think there should be a law that no company can be listed unless they have some sort revenue.
The Mill is so long ago? Do you know CPRK has nothing to do with that pic now or for the last few years? Did you remember the original board sold the shareholders out? Didn't want anything to do with us? That picture has nothing to do with CPRK. Did you like the conference call? I'm very positive and if you knew Lee, or Chuck then you would be feeling good about your shares! I'm looking forward to putting the certs in my account and also adding more shares once trading!! Can you imagine folks that invested a good amount in the Equity Funders group how well they will do? I can because I am one of them!! This is going to be a great ride!!! To all the naysayers it doesn't matter what you think unless you have skin in the game. JMO
yes today at 5 pm pacific
I guess they selectively refund some and decline others. Welcome to the world of Fake Companies.
Chuck, is there going to be a conference call tomorrow or is it cancel because lee is working on that email?
Totally pissed off. Been requesting the refund for several months, got nothing so far. Don't know how this company operates.
how do you rescheduled a conference call and make it "tentative". set a time and clear your schedule for that time and date. its that simple.
btw,
it doesn't matter if a shareholder has a 1000$ invested or 200k invested, the CEO should be a professional and answer the shareholder question. That 1000$ meant something when they were pumping ESF with that garage mining report to get people to invest. now that they have gambled shareholder money on bad projects/decisions, they don't want to respond.
needs to file a pod cast
….
He's talking about the Updates on ESF Financials, ESF Projects, CPRK Projects, etc etc etc....How many times has Lee said he was going to send an email with more details?
The e-mail stated that Lee wasn't feeling good, that there was, is something going around. As far as your suing? I thought they sent your $1,000. bucks back? You realize thats like a fart in a bucket compared to what some of us have invested. The last e-mail stated when the next call is going to take place. If you owned shares then you should have received it? JMO
thats not the email we looking for and you know it...it just amazing that this company continues to make bs statement and people are okay with it...lee thinks people are going stick around for plan b. he better be prepare for lawsuits coming his way to get their esf money back.
We'll actually there is an updated email. I just read mine. Looking forward to what they say, during the call.
It is called Damage Control. Wouldn't it be easier to control the damage if they would just admit that the relisting has been denied? For some reason they just want to drag it on. I wonder why.
There is no update email..How many times have they told us that. Lee just put stuff out there to bring false hope and keep the shareholders at bay. It doesn't take over two weeks to write an email.
Hi Chuck,
Thanks for the update but Lee implied that you would be sending an additional email with more info besides the new conference timing... is that being delayed as well?
Where is the update email Chuck? i hope this post don't get deleted.
Call will be next week,both Lee and Jerry are out of town. Email should go out tomorrow.
"Tentatively" speaks volumes, doesn't it Skittle. I would be shocked if the Company would just call it a day and admit that they failed.
We are suppose to have a CPRK conference call tomorrow...watch they cancel it because they didn't get a new call number. What the hell is a tentatively conference call, either you have one or not. Where is that update email Lee?...I don't know why he say stuff like that when he has no intention of sending one out.
------------
Shareholders Conference Call
Our next CPRK Conference call is tentatively Wednesday Evening 4/17/2019.
Please join us.
Lee and Chuck will be available to provide an update and answer any other questions you may have.
We will tentatively have our next conference call on
Wednesday April 17, 2019.
In the meantime, Lee is working on an email update to keep every one informed as we move forward.
We have received a notice that we are being assigned a new call in number. Watch for the new number on the next email confirming the date of the call.
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