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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
If you received a refund of your money invested, there is no shares sent out of cprk. Sending your money back, also you gave back the extra cprk shares you would have received. Your back to square one. JMO
why haven't they send out cprk shares from esf funding?...probably cause they don't have any money.
see post 82391 and 82444
So you aren't out anything? You still have the original cprk shares that would have been wiped out completely from your account years ago if the original group that sold the mill out from under shareholders had their way. We all still have the original shares in our accounts, they are just assigned with a number, once they are trading they'll have a symbol again. Who like waiting? Nobody. Without Lee, Chuck and others there would be NO waiting. So I'm fine with waiting knowing that we still are in the game, and these folks actually care about the shareholders!! Not like the original folks I met at the Grand Opening. These guys will get it done. JMO
I did cal equity founders and I did get my money back.and, I would leave if I could sell my worthless shares.so, when after a year after exiting from bankruptcy this stock ever trades again I will trade out and be gone. Also weren’t equity founders suppose to receive more worthless shares.
So if you are so upset why don't you call them and ask to get your money back and be removed off the Equity Funders shareholders? I don't understand why come on here and whine? They have told anyone and everyone if you don't want to be part of the Equity Funders group let them know! Myself I'll stay put and wait for the stock to start trading! I'm not a small fry Equity Funder shareholder either! Just my opinion. To each their own.
Deceptive or Delusional. Take your pick.
CPRKQ, Hi Sleep.... Nice to see your still here and support our CPRKQ. We know what we have and thanks for calling those out that are frauds......
GLTA Longs
made 10x the loss in one spin of Cleopatra
This management is going in the same direction as last one.
Just keep reminding yourself, Fake Company, Fake Exchange. All of the answers will then come to you.
this is not a 'friendly' Operation anymore
Any company communications of value so far this month? Just wondering,after all we have been out of bankruptcy since a year ago February.just wondering.
New Doctor...you were paid what you
claimed you were owed by the company.
Time for you to move on...the company
will trade soon and you will be exposed
for the fraud that you are!
You are spot on Skittle. No one legitimate lends money to any company seeking or listed on the Fake Stock Exchanges. Any "company" listed here uses the fake exchange to line the pockets of the founders or owners or affiliates of the Fake Company. No money raised goes to the company itself. That is why not one of these companies ever makes it, becomes legitimate, lists on a real stock exchange, etc. Failure City. This should have been learned in the year 2000.
They should sell and issue ESF shares to CPRK shareholders and use that money to develop the ESF mining properties. Even if CPRK starts trading, who would give a company with shady past and bankruptcy millions in loan. You can't develop a mining company on shoestring budget.Anyone can do a simple search and find all sort of negative info on this company, so why use the same company name. All you get is bad press. I don't understand why this management didn't tried to go in a different direction 2 years ago.
More time and money and resources has been spent trying to list a failed and de-listed public entity that whoever is behind it really looks delusional. I have said it before I will say it again. A brand new deal should have been launched by now. That way it would be brand new with no history. It could have received a ticker symbol in a little over a year. Instead, someone wants to keep beating a dead horse hoping it will wake up. As every day goes on it becomes less likely that it will ever be listed again. A brand new deal from scratch is much more valuable than an old failed situation.
Well, it is now over one year ago that we emerged from bankruptcy.what is the difference from three or four years ago?absolutely nothing.i still own useless traderless shares oh well here is hoping that something good will come forth.hope springs eternal
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