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Are you saying that these certain individuals are the new BOD?
Since new bod were elected has anyone ask him/hersel question what have they done for shs interest
have they objected cs deal
have they fought to get better then 1%
have they inform us on any progress with getting financing
etc
I am very dossapointed even though we "are still in it" but are we?
Either they dont have anything good for us to say or they dont want to say that we are wiped out, or they were told not to comment
Cs paid 110 m we had 60 m debt and 50 m that should be left has dissapeared. From my understanding it is a grey area that no one cares to clarify. Hopefully por or dec financial report will update this mess.
Wes
What do you think about sec action that had stopped trading of cprkq when nome of accused people have any position in the company anymore. It looks to me that someone had initiated the proceeding to disallowed selling of any shares. And if the accusation had nothing to do with current management why the issue was never cleared. Very suspicious. Thanks, if you have any thoughts please share.
What do you think about sec action that had stopped trading of cprkq when nome of accused people have any position in the company anymore. It looks to me that someone had initiated the proceeding to disallowed selling of any shares. And if the accusation had nothing to do with current management why the issue was never cleared. Very suspicious. Thanks, if you have any thoughts please share.
Let me make myself clear. The new Bod were appointed in june when they found out cs is deal was already done. Thats why it was an emergency. Bod prevented from wipe out of shs at that time. However if i recall it properly new bod could have been appointed 6 months earlier since we had enough votes back then. Someone has missed the datetime , therefore i question it
If web is right that means we are all fools
Apparently no words from Chuck makes me worry even more. Common sense tells me that this doesnt look good. Who has blocked the deal and why? Anybody has an idea. On the other hand appoitment of new bod after the deal with cs was was secretly negotiated makes me suspicious for two reasons
1. Why they waited so long to start voting, even though, there were enough votes 6 months earlier.
2. New bod had nothing prepared to counter cs deal, which previusly was indicated that they are working on it. Why there were no clarification if they ever had anything.
No mattee how you look at it, it doesnt look good based on whAt have been disclosed to us. Chuck has indicated before that things dont look that bad. I am afraid that there no aces in the sleeve just sad reality. Another month and 50k more for jb.
Everybody except shareholders know what is going to happened. The secure lenders, claim owners, jb they all know. The SHs are kept in dark untill there would be nothing left for us. I see it this way since cs has bought all assets. When new bod were appointed jb had negotiated the deal before we had a chance to get financing. Jb knew what was comming but didnt want to disclose earlier to court so he could get more income. Now, only miracle can save us. Hopefully santa Chuck with bod havean ace in thier sleeve.
I think is someone involved in negotiations who wants to show that stock is worthless
Wes
Chuck
I wonder how cprk can execute POR having no mining claims, no assets, no cash. Am i missing somethimg here?
Every shs wait for POR
Positively
Overwhelming
Resolution
Who brought cs deal to table. Was it jb? Why cprk had to hire jb if that bk process is lawyers business.
In order for pps to go to 1 c we need 60m equity for shs.
Cs has put cap of 2% of 120 m warrant which is 2.4 m
that makes 57.6 m short. So if cs will be worth 5.7 billion we'll get to 1 c. I dont know how much cprk is worth alone. It would take a long time for us to see profits if etc, etc
It looks jb is going to get 600k, attorneys over 1 milion and those who put their hard earned money into development of cprk will get 3% what they had invested. What a ripoff ?
If i had 120 mil i'd pay cs and restart mining as of today. All you need is 120 people to chip 1 m or pay 2 cent s x # of shares you have and there you go own cprk
Dont forget that 97% of truck load is going to cs and only 3% might be divided between all shs. 16 months after bk we are still in or we think that we are. 16 months of negotiations, secrets is a long time. I still dont know if I will have any profits from this investment. One think I know or thing I know that time is working against us. Hope we'll get rewarded. But more time passes less chance we have. Imo
Chuck
Cs owns mining claims therefore one can expect that they are preparing equipment to start mining.
Do you know if they have started.
I still mourn Due to sale of WUCC. Looking at the aprraisal from 2005 when gold was $400 and copper$1.8 I cant believe that CS bought it for 110 M.
Here is the link
http://www.scribd.com/doc/8058165/Western-Utah-Copper-property-appraisal-Milford-Utah
You call it panic I call it dilution
common sense tells me company is selling shares following "press release"
Investors are thinking it is a good buy
Hope I am wrong since i am a shareholder hoping for bwtter pps.
Jp when you just show up
is Betty coming with you?
I know for fact that smelter needs processed ore which means that you need extraction process to be completed. So first you need a heavy equipment to crush rocks to tiny particles. Then you need separate rocks from AU using either chemical processing or other. Usually all thie mining equipment cost milions of dollars. I dont know if they have any mining processing in place, i dont see permit to start mining. I dont believe they have knowledge
IMO
Chuck
I know that negotiatipns are in progress but if the outcome will be positive for shs how this is going to be handled. Is cprk going to buy back all the shares and then issue new shares for up to 3% of CS or shareholders equity will increase by negotiated sum of money. I am not sue of you can hypothethically answer this q.
If not i'll wait till por.
Wes
I would guess 60%
The cprk has no assets right now
CS is a private entity with possibly 3 % public so if it comes to mining profits it would not matter for shareholders
110 milion will be or already has been negotiated to pay debts that included shs
If anybody can estimAte what portion would shs get then divide by aproximately 4 billion
to get pps.
I simplify the whole process
I hope i am correct
imo
I dont know what to think but usually if the stock is promoted by monster, penny stock, etc it means pump and dump. MM probably short selling
imo only
I can only speculate now
I think will get some chunk from 110 m and possibly 1% of cs mining
i might be wrong
Chuck and bod are working on it
Tthe pps would sky rocket if CS would not disclose in doc 785 that max equity will not exceed 2.5 m
for example if 2% of real value of cprk is 1000 000 000 we would get much more.
However from court doc they put cap of 2.5 m
I've reas them yesterday and posted as well
its 2% or 2.5m which translates to current pps
so were are sold under the table for .0004
please refer to doc 785 page 5 and 6 when you will find that shareholders would not be part of new establishment since CS want to be private entity. POR is going to be about how much equity has left from 110 M received.
IMO only.
WUCC has sold all assests free of debts to CS Mining.
Shareholders money and secure holders money built the mill. Who is then entitled to 110 Milions. It is very brilliant and very common to rip of commons. All i can think that BOD are on our side and have invested their time and money as well.
Lets wait for POR.
Wes
Does anybody raed all the latest court documents. Please review Doc 785 page 5 and 6 which specify " Nothwistandind the foregoing,The Equity interest and the granting therof must be structured in such way that CS remains a private entity exempt from registration with United States Securities and Exchange Commision."
"If the equity holders do not oppose this term sheet and the WUCC APA or any proceedings associated therewith, a warrant with term of 12 months to puerchase an equity interest in CS in an amount equal to two percent of 125 M or $2 500 000."
if I am correct this is equal to 0.0005 per share. We are screwed unless equity holders will negotiate better outcome. In private company there are no shareholders.
Plase look at these documents and correct me if I am wrong.
Wes
Were shs part of co assets?
There is no CPRKQ since company got sold.
There are shareholders left that are still in game.
100 M - all debts=?
hope company with new BOD will negotiate the best for us
Is this mean that shs get some money from 100 m or theshares are going to be transfer to new co
Since almost no one is able to trade we may end up with fourtune or nothing
Chuck
I have a question.
Since ESHC was recognized by court long time ago i assume that you had a knowledge action of old BOD as well as JB. Why then old BOD as well as JB weren't fired long time ago?. We had shareholders support and over 51% of votes on the first day of recognition of ESHC. Is this a coincidence that doc 732 was produced after new BOD were elected.
Thanks
Wes
John you are getting better and better like a wine.
Hope ill see you when we just show up
Does not anyone know for sure or anyone can speculate what would happen if CPRK gets sold for proposed amount of over 100M. Will SH get anything if BOD or ESHC supports our cause.
Thanks