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I think what he's saying is that 5,555 shares sold at $0.0035 each equals $19.4425, which is improbable for an individual or institutional investor to do. It looks like the MMs setting the stock price, or signaling. No investor is trying to pay their Xbox Live bill with CPRK shares.
Well, that didn't do much good... unless he is trying to say what he's not allowed to say.
I asked Charles about a foreclosure update in an e-mail earlier today. I'll post any response I get.
You say that like it's a bad thing.
...and no, to answer your question.
Do you mean 475 tons? 475,000 tons would be 19,000 trucks at 25 tons each. LOL.
The authorized shares are the least important. As you have spent the last few months pointing out to us, they can vote to increase the A/S at anytime. But, they will only do such a thing as the O/S approaches the A/S. The very fact that the O/S is retreating from the A/S shows less of a need to increase the A/S. You are stating that the maximum possible number of shares is more important than the actual number of shares--I tend to disagree.
Your argument would make sense if the market cap was the same, but it is not. The current market cap makes the company worth significantly less than when it was just an idea. We have equipment and a mill, mined rock, produced concentrate (sold is TBD), and we are close to a hard start. Being worth less now just doesn't make sense. If you remember the counter claim to PN's lawsuit, they valued the improvements to the property at $50 million. At the very least, the market cap should be at that level.
I guess I'm the odd man out then, because I don't think MD has mistreated me in any way. I think that he is busy getting the business cash flow positive, which benefits me greatly. I invested in this stock long term, which means I don't care about the stock price today. I think it will have great value in the years to come. I can handle a little red now, if it means a lot of green later.
I picked an exception to your rule (current stock price is a good CEO's primary concern) as an example, because an exception to a rule disproves it. I provided an example where the CEO makes decisions to immediately boost the stock price, but hurts the long term profitability. I work for a Fortune 500 company with 70K employees, and all of those things that I mentioned are happening to us.
I think that he means in the short term. Stock price is not as important now as getting the company up and running. In the long term, this will help get us a higher stock price.
It is control, but it isn't complete control. Even with a LTF deal, there are restrictions as to what the company can do. You have to expect that when people give you capital.
It makes them money, if they weathered the storm.
This was a merger between a private company (us), and a public company (them), so the situation is slightly different. The stock is at historical highs, and revenues grew exponentially for quite a while, but now they seem more linear. Our parent company owns other companies, so it is impossible to tell what impact we had. But that wasn't really my point anyway. The point was, that in these deals, it is possible to maintain control. In effect, it seems just like we have received financing. We ask for money, it crawls through their bureaucracy, and we eventually get what we asked for.
MD wouldn't accept LTF from the Chinese, because he wanted to keep it American, and wouldn't accpet LTF from the Americans, because the terms were unfavorable (or so the legend goes). I don't see why he would have a spine then, and not now.
That is an interesting point, but there is nothing that says they have to give up control. Sure, they won't hold the majority of shares, but they could work up a deal to allow CPRK to run independently, and with the same management. I've worked for the same company for 6 years, and this has happened to us twice now. All employees were left in place, and we continue to operate independently. The only real difference is that management needs to get approval for purchasing, bonuses, raises, etc... We make obscene profits, and do something that our parent company cannot, so they see no need to mess with a good thing. CPRK has the same potential.
Callous? I'm pretty sure I feel emotion about this, and it is happiness. It could lift our stock off the ground quicker than we ever imagined. I'm in this long, and want it to succeed by whatever means. IMO, every avenue is worth exploring.
The difference between the private rumors and this are huge. One, I identify it as a rumor. I heard it from Richard, and it caught my fancy. I'm drawing conclusions, making assumptions, and playing the "what-if" game. Richard may have more concrete evidence (I don't really know), but I can understand him not letting loose with it. If the company is blacking us out, why would they make this information available? There won't be any facts or links until it is public, or they spring a leak. Two, going private can only be negative for us. A RM leaves us with our shares, and a chance to make a lot more money. People spouting going private as a fact are attempting to harm the company. Me, I'm just speculating, because there's nothing else I can do until the company starts talking again.
It isn't a sale. You're confusing mergers and acquisitions.
We have a ball mill, SX/EW plant, drill rigs, etc... that far exceed our current market cap in value, and potentially billions of dollars in the ground. A private company looking to go public could merge with us for 10 million, and make 30 to 50 million the first year. Serious companies must not like money. Having billions of shares out works to their benefit. It drives the share price down, shakes people out of their position, and creates new shares to be purchased towards their controlling interest.
POS pinkies usually don't have 10 million to waste on a pump.
I don't think most people here are comprehending how a reverse merger works. The private company wants to go public, but they don't want to spend the time or money to do an IPO. So, they find a company that is already public, buy up controlling interest of their shares, and now they are public. If the private company is financially sound, then it is an excellent thing for the shareholders, because they just received major resources.
WUCC is a wholly owned subsidiary of CPRK, which means that the newly merged company would own them too. MD and the BOD cannot simply shed WUCC and take it private (especially considering they would no longer have controlling interest).
The private company is looking for a ROI as well as a public offering; they do not get this by purchasing more than half of CPRK stock, and throwing CPRK away. They will inject capital into CPRK to get our ore out of the ground, and to the market (IMO).
Reverse mergers are becoming more common, and they can be quite successful. Look at Armand Hammer, and Occidental Petroleum Corporation (NYSE:OXY). Yes, this could all go horribly wrong, but to only dwell on the negatives, without even fully understanding the situation is moronic. This is your investment--you're supposed to weigh all possibilities.
No, the point of the reverse merger is so that the private company can more easily go public. It would be a good thing, if the private company is perceived as having a lot of value. You can get a nice stock boost, just like a company going IPO.
I'm not sure at all, but I recognize it is a possibility. I attempted to post some "connect the dots" reasoning earlier, but it got something-I'm-not-allowed-to-mention-without-violating-the-terms-of-serviced. Until anything is substantiated, it is just a rumor, and should be treated as such (just like the negative ones). However, I think it is fun to entertain the idea.
Just out of curiosity, does fpga stand for Field Programmable Gate Array?
This article weighs the pros and cons of a reverse merger. The more I think about the rumor, the more it makes sense to me... at least more sense than a lot of the rumors that are posted here.
http://www.investopedia.com/articles/stocks/08/reverse-merger.asp
Um... that's not how a reverse merger works. In a reverse merger, a private company buys up the controlling interest of a public company, so that the private company can go public. It is an alternative to an IPO to save time and money.
Here's an interesting theory. Whoever the private company is asked Ameritrade and Scottrade to put buy orders on hold. Perhaps you can still buy at other brokers, because they don't have influence over them. By still allowing shareholders to sell, creating an information blackout, and increasing the share structure, some shareholders were shaken out of their position. This was timed so that people would take a year end loss. The increase to the share structure, also gave the private company more stock to purchase to gain controlling interest.
4,925,313,153 as of today. Check the iBox to see the history.
The company stated that they want to buyback shares to reduce the structure. Some people will say that the company lies, and we shouldn't believe this statement. I for one, have never felt lied to by the company. They are horrible at estimating time, but I can forgive that. They are a start-up, and many unforeseen things have happened. I think that a lot of people are confusing silence on negative news and lying. A lack of information is not a lie. We may not like it, but that is the way they have chosen to run the company. I'm tolerant of it, as long as it works out in the end.
IMO, of course.
0.0045 005,000 $0,022.50 09:51:47 Fake price lowering trade
0.0046 025,000 $0,115.00 09:51:13 Fake price sustaining trade
0.0046 010,000 $0,046.00 09:48:13 Fake price sustaining trade
0.0046 100,000 $0,460.00 09:44:16 Real
0.0046 100,000 $0,460.00 09:43:49 Real
0.0046 010,000 $0,046.00 09:41:22 Fake price lowering trade
0.0050 011,000 $0,055.00 09:41:20 Fake price sustaining trade
0.0050 049,997 $0,249.99 09:35:02 Questionably real
0.0045 160,000 $0,720.00 09:33:32 Real
0.0052 624,000 $3,244.80 09:30:08 Real
Debt is always bad. Debt you can't make timely payments on is always worse. Profits will be eroded away by interest, and your ability to raise additional capital are hampered.
None of us can honestly say that CPRK cannot pay back its debt. A couple of months ago, we certainly could have. But, as we all complain about on a daily basis, we have no idea what CPRK's revenue stream looks like. Technically, we haven't missed any payments yet, since the short term loans keep getting deferred. We'll see what January brings.
Dilution definitely is a factor, but to say it is the only factor is a bit of a stretch. The market is a very complex place, and to think that anyone could understand all of its intricacies is naive. There are definitely people with the money and the tools to manipulate this stock--whether they actually are or not is debatable.
No one knows for fact, but there sure has been a lot of speculation about both. Our share structure has increased (check the iBox, if you'd like to see the history), which has more than likely helped lower the share price. The interesting thing is that our market cap has gone down, and is well below the price of the mill alone. Some speculate that there is manipulation going on, but no one has any solid proof; there are just some interesting trades and patterns. Naked short selling and phantom share trading have been tossed up as reasons for Scottrade and TD Ameritrade to block buying, but not selling. Do a search for Scottrade, and you'll see that it has been discussed in detail.
Very interesting trading activity today--small bids on both the up and downside. Normally, they only appear on the downside.
0.0049 075000 11:26:03
0.0049 013250 11:24:35
0.0049 004999 11:17:39
0.0049 004999 11:12:36
0.0049 004999 11:12:35
0.0045 030000 10:39:04
0.0043 024500 10:38:59
0.0043 015500 10:38:35
0.0045 350000 10:38:31
0.0045 100000 10:38:17
0.0045 010000 10:38:17
0.0046 050000 10:35:20
0.0049 013500 10:32:23
0.0046 150000 10:29:31
0.0046 100000 10:26:56
0.0047 005000 09:37:30
0.0047 100000 09:37:27
0.0046 134500 09:37:25
0.0049 000500 09:30:09
Perhaps you are right. I did not consider that possibility.
All the better. Go Gold King!
He said they were pulling out 1/4 oz gold per ton. Most gold mining companies only pull out an average of 3 grams per ton. 1/4 oz = 7.09 grams... we're a gold mining company, if we close the deal with the buyer.
Thanks once again Ally. You have a great weekend yourself. I might need to break down and *gasp* pay for an account here.
Good luck to all of you longs, shorters, pumpers, and dumpers. We all want the same thing, we just have a different way of achieving our goals. Just don't run us into the ground, so that we can one day fly high. Now, if you'll excuse me, I have some very important drinking to do.
I'm one of those people that bought on your news (several times), and I don't hold a thing against you. This company may be very good at mining (only time will tell), but they are not very good at timing. Don't beat yourself up over it. MD was probably over confident, CM jumped the gun, and you shared it with us. Most of us believe this will one day be a good investment, and a little delay is nothing we can't weather.
Maybe that is the second highest daily volume since you've been playing with this stock, but for the rest of us, it is the third.
1. 25-Nov-09 119,470,052
2. 22-Apr-09 63,871,981
3. 23-Nov-09 63,401,269
4. 21-Sep-09 54,197,379
Every stock over 0.000001 has more downside potential, but that says nothing about this company. Numbers can be used to prove whatever point of view you hold. Politicians, newscasters, marketers, etc... do it all day long. For example, would anyone like to draw up a correlation between a certain poster's arrival on this board, and an increase in perceived stock manipulation? How about a correlation between the same event, and an increase in the number of spelling mistakes/grammatical errors on this board?
I'm sure you will make many more small trades under .0049 until you run it up again.
No, I'm not the one that predicts the future. I'm the one who notices the slight of hand.
No, this was the last 15 minutes of trading. There were no other 0.0048 or below trades all day.
0.0048 185000 15:59:49
0.0049 200000 15:58:39
0.0050 100000 15:54:13
0.0048 15000 15:46:31
Only 200,000 shares traded below your prophesied bottom support line.
I would call that a manipulated run-up for a handsome gain.
I apologize, it was a $72 bid that dropped it to .0048. For anyone that doesn't believe there is some sort of manipulation going on, this is just a snapshot of how it went today.
0.0051 120,000 $612.00 13:38:03
0.0050 5,000 $25.00 13:38:05
0.0050 96,209 $481.05 15:09:48
0.0049 5,000 $24.50 15:15:16
0.0049 398,791 $1,954.08 15:38:51
0.0048 15,000 $72.00 15:46:31