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The whole point of the SEC is to look out for the shareholders, not to punish them. Read their mission here.
http://www.sec.gov/about/whatwedo.shtml
If you read the complaint, they are not trying to take anyone's shares, the are looking to get back some of the money from Wilf, but it looks like its more of an injunctive "dont do this again" type thing.
lol, no panic here, I LOVE IT !!!
The complaint does not appear to seek any damages against the actual company, I suppose they could come back later and try to access a fine, if they did, I think we could take care of it in bk, chapter 11 affords a great deal of protection for the company.
They are not coming after any shares, just the people who issued them. The shares are issued and outstanding and have been sold and resold and sold again, no way to put that genie back in the bottle.
It was the responsibility of the board of directors to watch over this crap, they sat by and did nothing, all the more reason in my opinion for them to go. GET YOUR VOTES IN !!!!!!!!!!!!
LOL, you beat me to it, I was fixing to post that. Shareholders have been asking me when this would happen for a long time. I say have it !!!!
And another million at 23 spread between 3 market makers below him, more support than I have seen in a while. I like that they are not getting filled except at the ask.
Nice.
http://www.scalleyreading.net/currentsales.html
67086-06 Western Utah Copper Company Beaver Beaver Real Property in Beaver County 8:30 AM sale canceled. File on hold.
I think you are mixing up parts of the agreement, the 90 days is the amount of time the automatic stay goes back into place for once they were bought out. I think the other terms you are referring to were what the original group of creditors could do if they were not bought out.(like the foreclosure we avoided today) Remember the secured creditors originally made what they thought was going to be a 6 month loan and it turned into 4 years, they wanted out. In fact I think we dodged yet another potential bullet
No worries about the way it reads, today was the deadline for Skye/Empire/Altus to purchase the senior debt from the current bunch of secured creditors who could have foreclosed if they chose to. Essentially just the name on the loan has changed, the automatic stay of foreclosure goes back into place and we continue on through the ch 11 process. We now have 1 senior secured creditor rather than 17. I have not yet seen verification that any money swapped hands, but it appears it did. Its actually a good thing to avoid the foreclosure sale.
I'm sure mine will be leading the whole group.
wow, its going to take forever to read, must have spent weeks writing it.
lol, exactly ONE trade ALL DAY, ya, breathing, thats what it is.
Mass quantities of spinach.
I don't know how PW feels about it, but it feels good to me
They are not fighting for the common shareholders, if you read the information, they own 15% senior notes due 2012 and only own 1.5 mil shares. The market knows this which is why once AGAIN, there were ZERO shares bought today.
Also, if/when the new board takes over, they will issue a PR updating everyone on the situation, and continue them on a regular basis. They understand the value of open honest communication with the shareholders.
Our team has spent a great deal of time on-site, along with various contractors, yes changes will be necessary, yes it will work, We are not going in blindly on a wing and a prayer, what would be the point of that?
quickly up to 24, looks really thin.
No, it definitely will not be the next anything and everyone knows it. Although your bad link may be a good comparison, nothing there
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The server has not found anything matching the Request-URI. No indication is given of whether the condition is temporary or permanent.
If the server does not wish to make this information available to the client, the status code 403 (Forbidden) can be used instead. The 410 (Gone) status code SHOULD be used if the server knows, through some internally configurable mechanism, that an old resource is permanently unavailable and has no forwarding address.
I need to restate my $200 post, in looking at the actual trades, someone really dug deep and spent $18.69 and bought 4,920 shares to pop it to .0038
So, assuming someone bought those shares the other day at the low of .0015, they would have spent $7.38 to buy them
If they sold them today at the high for $18.69 they would have made $11.38 before trading fees both ways. So assuming they are using a discount broker (like Zecco) and paying $4.95 a trade they made a grand total of $1.48 on the 90% move today.
So you guys have fun posting away about a 90% move, but the truth of the matter is the best possible scenario is someone made less than 2 bucks. These shares will be canceled soon and I have backed it up with links to the court documents and phone numbers to the attorneys.
WLVTQ is up today because somebody decided to spend $200
simple as that, this thing goes for days with no trades at all, its dead and the market knows it. The % means nothing without any volume, even if you were to be responsible for every share traded, you would barely make more than your trade fees.
For you guys in Canada possibly affected by the postal strike:
Regarding the postal strike in Canada, Broadridge suggested that those shareholders contact their brokers and have the brokers sign the consents on behalf of the beneficial owners. Most, if not all brokers should have received a courtesy copy of the consent from Broadridge. Therefore, unless the postal strike ends soon, the fastest way to get consents from our Canadian shareholders is to have them harass their brokers as much as possible until the brokers take the requisite steps to vote the shares on behalf of the beneficial owners.
__________________
lol, with less than $200 it can be manipulated one way or the other every day, just dont be the last one holding when the music stops.
wow, $200 worth all day.
Hey Guys, I am going to have dinner with "Sleep" just south of Atlanta this evening, if anyone is in the area and wants to join us let me know.
The plan was NOT rejected, the date just got moved to June 10, 2011
Everyone can read the plan here and see that there is NO RECOVERY for the existing common shareholders, there is not even any recovery for the existing preferred shareholders. Its all in black and white on the most recent court filing dated June 1st.
Any talk of any recovery at all is a complete LIE !!
Read here, old commons are class 7
http://www.donlinrecano.com/dr201/wti/Memorandum%20of%20Law%20Dkt%20490.pdf
Mark, I will send you an email shortly,
some volume coming in now.
Although you guys have bumped CPRKQ up to 21 on the breakout board list.
I have not seen any posts on any other boards besides CPRK boards, and none of the "pump" crews are on it, so it is just a relatively small group of folks who are aware of what is going on and most of them have probably loaded up with as much as they are comfortable with long ago.
Kay, send me an email at CPRKSA@Gmail.com and I will explain it all to you.
I think its rigged....
I agree, I gave up trying to predict the share price as well, I'm in it for the long haul and the day to day movements don't really concern me and the daily volume traded as compared to the total shares is miniscule.
Only one way to go from there, believe me I know.
Quote:
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You will probably find that almost nobody is selling, which means that if you did something silly like put in a market buy order, you might just be buying at a dollar per share, given the way marketmakers work. If you buy millions of shares, you will almost certainly be partly responsible for creating a huge spike.
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From my broker (TD Ameritrade)
If you are placing a trade on Over The Counter Bulletin Board (OTCBB) or pink sheet securities, you will need to enter your buy orders as limit orders or stop limit orders only. Sell orders on these securities may be entered as either limit, stop, stop limit, or market orders. We do not allow market buy orders on these securities to protect against price fluctuation and inaccurate quote information that often accompanies these securities.
My broker must be looking out for me then
Can sell using market, but must buy using limit orders
Nobody can place a market order on a pinksheet stock, no worries about that. Just try and enter it and you will see it gets rejected by your broker. 100 million traded tomorrow seems unlikely to me as well, I kind of like our current group of shareholders, hope we stick together for a while. lol
I was being as kind as I could without calling someone a .... well nevermind.
16, 18, 99
First time picking the Biff for me, and I hope KyBu eyes are not swollen shut.
You guys are number 5 on the breakout board.
Info on proposed new board member
Cherie Tilley
Mr. Tilley is presently the owner of Tilley Exploration and Development where his work consists
of contract mining and minerals industry consulting. Cherie has experience with some of the best
mining companies in the world, including:
• Dynatec Mining Corporation – Area Manager, U.S. Mine Property Development
• Chevron Resources Corporation – Mine Manager, Stillwater Mine, Nye Montana
• American Mine Services Corp – Vice President of Mine Operations
• Phillips Petroleum Company – Director of Mine Development Worldwide
• Phillips Uranium Corporation – Development Manager
• Gulf Mineral Resources – Mine Development
• Gulf Mineral Resources – General Superintendent
Cherie and his team have brought their expertise in mine evaluation, budgeting, design, mill
development and production, engineering, implementation, contract mining, maintenance,
operations, and marketing of product to bear in helping us plan for the future of the Company
You guys can read some of the many articles Cherie has had published on mining here
http://www.onemine.org/search/index.cfm?fullText=cherie+tilley&submit.x=0&submit.y=0&submit=submit