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haha if there is one thing Lee is good at, its making up random bullshit dates that he never meets.
Haha anyone still alive out there? COVID get lee? haven't heard any BS from this in a while.
It's dead, Jim.
hahahahahahaha
Hahah...Lee is the king of over promise never deliver. You would think he would have learned by now.
haha if only....
The lack of ESF calls tell you all you need to know. This turd is done.
So did anyone request their shares to be mailed after the call, and did they actually get them?
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?
No call. If I was smart I would probably join you in asking for my ESF money back.
I already took my loss on my taxes last year after all the brokerages expired the old shares as worthless.
I assume there is going to be a bunch of different ways people are going to report this scenario on their taxes. This is not a common outcome so I have no idea what the proper method is.
If we ever trade, and I am able to sell my shares, I am going to put the basis of new shares at 0 dollars. I am going to come out way ahead by offsetting the gains(if there are any) with my capital loss carryover, versus someone who uses the cost basis of there original purchase...but who knows what the correct method is! I guess I will find out if I get audited.
Assuming this math is correct with sample numbers on someone using original basis:
Original Basis $10,000
Sale Price $15,000
15% tax on 5,000 gains = $750
Total after tax = $14,250
Me Using new basis and loss carryover:
Original Basis $10,000
Loss Carryover $7,000(Used 3,000 on tax return last year)
New Basis $0
Sale Price $15,000
15% tax on 15,000 = $2,250
Loss Carryover = $7,000 - $2,250 = $4,750
Total after tax = $15,000, and I still have 4750 of losses to use! Crazy!
This seems completely bogus..but who knows?
How has everyone else reported this thus far?
Now what doc?
When did you get an update? I have no recent email updates on either CPRK or ESF. The last ESF Statement I received was in June 2014...
Get on the call today and ask. Both Lee and Chuck will be on.
http://www.copperkingmining.com/conference-calls.html
Would you really waste time answering people on this board full of trolls?
Mine calculates to about 1,855.76 old = 1 new. So pretty close to the 1856...not sure how they handled fractional shares...but mine rounded up rather than down.
Nothing on ETrade or Fidelity yet...
What kind of mine is it? Gold perhaps? "little nugget"? Hopefully big nuggets!
Join the call tonight.
I sure hope not. I don't want to see it trading for pennies..or fractions of pennies...
Got my ESF certificate in the mail today. Looking forward to seeing the CPRK ones show up hopefully soon!
You guys are arguing the same thing... The old shares were cancelled... the new shares with a new cusip will be distributed based on your previous number of shares. While they are NEW shares..they are based on your OLD share count...
I still don't have my ESF certs...anyone got them?
I missed the CPRK call. Did Lee mention anything about the ESF certs being mailed?
Haha yeah keep dreaming.... 5+ billion dollars huh?
It has been more than 30 days since we got our CUSIP. So much for Thurmans god powers on getting us trading. What agency is holding us up now?
Has anyone received any of their ESF shares? It was mentioned on the last call that they were starting to go out...still waiting for mine.
2 weeks huh? How did you come by this information?
What about the ESF shares? It has been more than 2 months since we funded the CPRK POR. It would be nice to have some proof that I actually own something.
My ETRADE account is now empty as well. My fidelity account still shows them as COPPER KING MNG CORP COM **EXPIRED POSITION**...
Glad I exported my etrade data previously!
Did Darrell Nether steal your wife, or run your kid over with a car or something? Jesus you are insane.
No. I don't know why updates are ever mentioned until they are out. They are never released by the expected time.
Part e of "Exhibit 2" is what he/she is referring to
http://cprkbk.com/CourtDocuments/WUCC-Utah/0736.pdf
Thanks Candy B heres the link for anyone else that wants to see it.
http://www.deseretnews.com/article/705374294/Utah-copper-mine-deceived-investors-with-fraudulent-claims-SEC-says.html
The story claims:
Copper King has paid $15 million to its senior secured creditors and anticipates filing a Chapter 11 exit plan in 30 days, though some hurdles remain, Bryan said. An investor has stepped in to fund the company moving forward.
yep it is pretty boring around here lately. Nothing on the calendar in court for over a month...so nothing juicy there.
stang beat me to it! Interesting development..heh...
Looks to be the same document over and over again...
The article is here:
http://www.sltrib.com/ci_15120431?IADID
Cool thanks. You can see their problem with the tailings if you go to:
http://www.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=38.482790,+-113.130761&sll=40.588212,-112.011933&sspn=0.009386,0.022724&ie=UTF8&t=h&z=16
Just spewing them out and letting them drain down..