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Yes there is a buyer for the con, its in the works.
CPRKSA@Gmail.com
soon? LOL just kidding. Waiting for some more documents to be filed that will make the picture a little more clear so I'm kind of restricted until then. Until then I can just refer you to existing docs. sorry.
Perhaps I should reword. I guess "located" is not correct, more like CPRKSA "has the support of" or "has made contact with"
CPRKSA has located around 3.9 Billion shares.
skysurfer,send me an email please to CPRKSA@gmail.com
and just a reminder for anyone who has changed their share count send an email as well.
I think there was a conference call today at 11 am eastern, perhaps folks did not like what they heard or saw in the drill results??
http://www.newswire.ca/en/releases/archive/January2011/11/c9609.html
I want to try and comment more on the 400K, but there are some documents/filings that have not yet been made public that should further help explain it. I will check and see exactly what I can explain as soon as possible. I hate not being able to lay out every detail, but have some serious restrictions I must abide by.
Rocks are not being crushed today
Its a TON of shares, the CEO Mr James owns 18.6 % by himself.
If you go to www.sedi.com you can “search” insider holdings by company (top right). Here is the link, but for some reason it does not go to the exact page,but you can see the whole list with a quick search.
https://www.sedi.ca/sedi/SVTIIBIviewResults?locale=en_CA
That is some great DD superfly, should be a sticky post.
LOL, I am picturing web tiptoeing through it holding up the hems of his nightgown...er I mean robe. lol
(JK web)
well I guess if you are used to walking through.....never mind. lol
I am getting a little excited about the possibilities on this one. What a sleeper.
Welcome aboard David, dont forget that insiders own approx 20% of the shares, so that brings the actual float down a bit.
A 5 ton 95 foot double girder top running crane is MUCH better than a toaster.
I took a picture of it a few months ago, pic number 6 here under "at the mill"
http://cprksa.0sites.net/
Well, I got to looking at this http://www.privateislandsonline.com/
but now you have foiled my plans. Grrrrrrrrr....
lol, I have my moments, just not usually on here.
notice the terms on the loan. 21%.....
The objections practically write themselves......
I bet they do want them..... in order to give them away instead of toasters for new accounts.
Any bank can give away toasters....pretty sure its a marketing decision on the banks part.
hehe
John, I bet that bread would wrap nicely in aluminum foil for shipping........
It SURE is nice to read some intelligent posts on here. lol
On another note, Republic bank has filed a relief from stay motion, we owe then just over a million bucks, just speculating here but I think they are just protecting their rights. We have not spoken with them but will get in touch with their rep next week, and I expect plenty of objections will be filed to their motion. I will post more information on it as I can, but until then I suspect the motion will provide plenty of fodder for those hoping the company fails.
http://cprksa.0sites.net/CourtDocuments/WUCC-Utah/483.pdf
Doc 475 lays out the terms/conditions for this order, here are some relevant sections
9. The proposed financing is relatively simple. With the exception of the Lessor Payment, the Lender has no obligation to pay any further funds to the Debtors, but may do so
pursuant to 11 U.S.C. § 364(c)(1) in an amount not to exceed a total amount of $400,000.00 inclusive of the Lessor Payment.
Any sums advanced by the Lender pursuant to the
proposed order attached hereto as Exhibit “1” shall be (a) entitled to super-priority administrative expense status in accordance with 11 U.S.C. § 364(c)(1), with priority over
any or all administrative expenses of the kind specified in 11 U.S.C. § 503(b) or 507(b), (b)
with such claim being junior only to any allowed super-priority administrative expense claim
that may be asserted by Altus Metals, LLC against Western Utah Copper Company pursuant
to the orders that have previously been entered in this case. By agreeing to such treatment,
the Lender is not stipulating that there is any such claim and reserves all of its rights regarding the allowance of any claim senior in priority to its proposed claim under the Loan.
Any and all sums advanced by the Lender pursuant to the proposed order, including any sums that are paid by the Lender directly to a vendor on the Debtors’ behalf, shall be itemized by the Debtors in their Monthly Operating Reports that are filed with the Court.
10. The Lender shall have no obligation to fund any expense payments unless it determines that it is appropriate to do so, but the Lender will provide funds to make the
payments under the Leases required to be made to extend the deadline to assume or reject the
Leases. The Debtor understands that, when appropriate, the Lender will want to make payments directly to vendors on the Debtors’ behalf and that this will be considered an
extension of credit under the terms of the Loan. Furthermore, to get funding, the Debtors will need to give the Lender sufficient notice of the need for cash so that a decision to fund
can be appropriately vetted. All requests for funding will require the Debtors to show the specific vendor for which payment is sought (including copies of any invoices), the rationale
for making the payment at the time requested, and that the Debtors do not have sufficient cash to make the payment. Separate accounting should be kept by the Debtors of the
payments made by the Lender and attached to the Debtors’ monthly operating reports.
Finally, if cash is requested to employ consultants, such as environmental or mining consultants, the Lenders will not provide funding unless the Committee of Equity Security
Holders has been given the opportunity to determine that the consultant is one that it approves.
FINAL ORDER GRANTING DEBTORS’ MOTION FOR AUTHORITY TO OBTAIN FINANCING ON AN UNSECURED ADMINISTRATIVE BASIS PURSUANT TO 11 U.S.C. S
The matter before the Court is the Debtors’ Motion for Authority to Obtain Financing on an Unsecured Administrative Basis Pursuant to 11 U.S.C. § 364(C)(1) [Docket N0. 473] (the An interim hearing was held on December 23, 2010, a tina] hearing was held on January 6, 2011, and appearances at the hearings were made as set forth on the Cou1t’s record. Notice of the Motion is proper, and no further notice is required. The Court has reviewed the Motion, the Memorandum in support of the Motion [Docket No. 475], all other pleadings and papers tiled in Support ofthe Motion, and the applicable law, and based thereon,
IT IS HEREBY ORDERED that:
l. The Motion is GRANTED on a final basis subject to the terms and conditions of this Order.
2. Western Utah Copper Company and Copper King Mining Corporation (collectively, the "Debtors") are authorized to obtain credit from Equity Security Funders, LLC ("ESF")up to $400,000 inclusive of any sums advanced to the Debtors pursuant to the Court’s Interim Order [Docket No. 477] on the Motion, pursuant to 11 U.S.C. § 364(c)(1) and the terms of this Order.
3. Any stuns advanced by ESF pursuant to this Order shall be entitled to super-
priority administrative expense status in accordance with 11 U.S.C. § 364(c)(l), with priority over any or all administrative expenses of the kind specified in 11 U.S.C. 503(b) or 507(b) with such claim being junior only to any allowed super$priority administrative expense claim that may be asserted by Altus Metals, LLC against Western Utah Copper Company pursuant to the Orders that have previously been entered in this case and/or the claims of any Secured Creditor as set forth in ¶ 6 of this Order.
4. With respect to each proposed advance by ESF to the Debtors that exceeds
$15,000, the Debtors shall provide counsel for the Official Committee of Unsecured Creditors (the “Creditors Committee”) with written notice of such proposed use/expenditure no later than three (3) business days of such proposed advance by ESF. The Creditors Committee shall have until noon on the third business day following its counsel’s receipt of the Written notice to object to the proposed advance. The Creditors Committee’s consent to the proposed advance/expenditure shall not be unreasonably withheld. In the event of a Creditors Committee objection, the Debtors will be required to seek further approval by the Court.
5. Any and all sums advanced by ESF pursuant to this Order, including any sums that are paid by ESF directly to a vendor on the Debtors’ behalf, shall be itemized by the Debtors in their Monthly Operating Reports that are filed with the Court.
6. To the extent any secured creditor (the “Secured Creditor”) has filed any objection to any prior request by the Debtors for post-petition financing (the “Prior Financing”), not including the request for financing made in the Motion, and to the extent any such secured creditor is entitled to a claim pursuant to 11 U.S.C. § 507(b) arising from the Prior Financing, any such claim shall be entitled to priority over any sums advanced to the Debtors by ESF pursuant to the Motion. However, no party is prohibited from objecting to any super-priority claim asserted by any Secured Creditor.
--END OF ORDER--
I have the Judges order from yesterday, will post here as soon as I can figure out how to copy paste from a damn PDF I do have it up in my other hangout for some of you folks.
It will be on http://cprksa.0sites.net/ later today
Your DD consists of a PR from 8 months ago??
I am in and glad I am. GREAT news, this is going to be huge this year.
Motion Approved, order granted.
I just hate it when my qubits get entangled. lol
LOL, tic toc tic toc......
It looks like the hearing is at 4:30 rather than 4 PM Utah time. I will post as soon as I hear anything.
Thanks to all you guys who have updated your sharecounts today, and to you new folks who sent your info as well.
CPRKSA@Gmail.com
10:47 AM
Just send an email to CPRKSA@Gmail.com and I will handle it.
4 PM Utah time
I think it means there are no pumper monkeys on this one. (Thank God) LOL
Absolutely NO damage at the mill, and YES the secured lenders own a substantial amount of shares.
The quake was 50 miles away from the mill,and only a 4.5 I doubt very seriously there is any damage whatsoever at the mill. Will post as soon as I hear. They had one the same size in SAN BERNARDINO, Calif. in Jan 09, and it did not even knock any books off the shelf in the library.
http://www.foxnews.com/story/0,2933,478304,00.html
another one same size in 2009 up by Seattle, no damage
http://www.foxnews.com/story/0,2933,485619,00.html
LOL, I used to subscribe to all the penny newsletters just to be aware and keep the members of my website informed, but it just got to be way to many to read so I just use stockpromoters, they cover almost all of them in one concise email.
Doberman,
You can get most of the current and past promotion information from http://stockpromoters.com
You need to create an account (free) to access some of the info, you can also get an email sent daily on the current pumps.
01. MEDINAH MINERALS INC ( MDMN) promoted by Bull In Advantage, LLC on '12/31/2010'
02. MEDINAH MINERALS INC (MDMN) promoted by Stock Rich on '12/28/2010'
03. MEDINAH MINERALS INC (MDMN) promoted by Bull Rally on '12/28/2010'
04. MEDINAH MINERALS INC (MDMN) promoted by Hot OTC's on '12/28/2010'
I am told that no "massive investment" was ever actually made in this project, just a few thousand doing DD
It is an interesting project though, they plan to provide power to what will be one of the worlds largest gold mines.