J4P,

I'm still waiting for someone to unload me of my 7's. I still have 1.93M shares (from my 3M sell order) up for sale at .0007. If you want them, come and get them!!!! After all, the consensus here seems to be that .0007 is cheap and you would be crazy to sell at this price.

FFF

sl62 (and everyone else who replied to my last post),

I hope that STAU is about to breakout big time. I have a lot of shares and would love to see the pps shoot up. I also agree that they have continued to make good traction and increase their presence in the marketplace. At some point that has to account for something, doesn't it???

My tendency is to take some risks and go for the home run (and I am still holding out for this with a little mining company in Chap 11). However, I have been finding that this strategy has hurt me a lot more than it has helped me in my investing and I have missed out on booking a lot of profits because I was waiting for the home run. But almost always, it comes back down and I just kick myself for being so greedy. I am not an expert by any means, but I am really starting to see the wisdom in booking some profits along the way - and perhaps even riding free shares on a stock. I have NOT been able to do this yet on most of the stocks I own, however, I seem to have been able to do that here. And it has enabled me to pull some profits off the table and still have a sizeable holding in the stock.

I really hope that Corley pulls this off and we see the stock skyrocket soon. But I am still keeping my open sell for 2M at $.0007.

FFF

Newinvest,

On what are you basing your statement "right before it's about to breakout"? Some posts from people you don't even know on Ihub?????

Go back and read the posts from the last 6 months and try and count on all your fingers and toes the number of times that this stock was "ready to breakout". It has fluctuated from $.0002 - $.0007 over most of that time.

And in terms of why someone would sell at .0007, let me give you a real world example. I currently own 15.8M shares and with the money I have made by buying and selling this stock, my current average price on these is $.00019. That means that if I were to sell 4.3M of these shares at $.0007, I would then have 11.5M "Free" shares in my portfolio. I could then sit back and not care what these do for a long time as I would have no money tied up in them. This is a trick I learned from a fuzzy purple bird on another stock website.

FFF

"I live on a small caribbean island...."

RS500,

Maybe after the shareholders pull this off we can all go in together and buy a small caribbean island! It will be a tropical vacation retreat exclusively for CPRK shareholders.

FFF
F-Cubed
Frank Firek

Satellite,

It is probably a little more involved than that. Remember, MD wasn't able to get the mill to run effectively - or else he might still be there running it! There are most likely (IMO) some issues that will need to be dealt with in terms of the plant layout and process. The ESHC has had world renowned experts evaluate the plant for their expertise in how it should run. I am confident in the new BOD and hopeful that they will be given the opportunity to execute a new plan.

Frank Firek

RS500,

Thanks for the acknowledgement. I appreciate it. It took a lot of work to organize the shareholders, but it has been worth it. I was able to take it from an ad hoc group to an organized group (CPRKSA). And then the CPRKSA steering committee (of which I was a member) then transformed it to the ESHC and now to our own appointed BOD. ChuckD has been invaluable as our full-time shareholder representative and, whatever the final outcome, he deserves praise and acknowledgement for all of his time and commitment to all of the shareholders. I am glad that he took this on as, with a family and running my own business, I would not have had the time to handle everything that he has accomplished.

This has been a fun and educational ride. From the meager beginnings that I started, to what has now been accomplished is, in my book, impressive. And I hope that this is just the start!

Right now I am just an interested shareholder as I am no longer part of the ESHC (there was a complaint against having me on the ESHC as I am also an unsecured creditor, so I stepped down to avoid any distractions or illusions of impropriety).

Once the company exits Chapter 11 I will throw my name in the mix for a seat on the board of directors. Future directors will be voted in by the shareholders so you can recognize my efforts by voting for me at that time!

FFF
F-Cubed
Frank Firek

Hey everyone,

What great news today from the ESHC! This kind of result is exactly why I started the CPRKSA (CPRK Shareholders Association) so very long ago. And it just shows the power that we shareholders can have when we stick together. (For any of the posters here who ever doubted why the CPRKSA was started, I hope this news today erased your doubts.)

The ESHC has access to the CPRKSA list of shareholders, and our member database was the base-line starting point for getting this very important vote accomplished.

And for those of you who have not yet registered your shares with CPRKSA, what are your waiting for? You never know when the ESHC may need shareholder input or need to hold another shareholder vote, and by being a CPRKSA member you make it easier for them to contact you and get your voice heard. You can still register with the CPRKSA by going to:
http://groups.google.com/group/copper-king-shareholders-2010?hl=en

And if you are already a member, but have significantly changed the amount of shares you own since you joined, please send an email to cprksa@gmail.com and let us know your current share count.

FFF
Frank Firek
cprksa@gmail.com

Paid,

I like the Frank and Charlies Copper Pit!!!!

FFF
F-Cubed
Frank Firek

Hey, I live in Royal Oak, MI. But I didn't know about MDMN in 2006 so it wasn't me!

FFF

Here is another video clip from my Feb. 2009 mill tour that I have not posted before. Too bad it didn't work out this way.

But with a new, ESHC selected BOD, perhaps we will get there in the future!

http://www.youtube.com/user/FCubed100#p/u/20/BYyZgQl96FI

FFF
F-Cubed
Frank Firek

It was good to see the latest video taken by goldgold.

In case you never saw it, or just want to see it again, I have a video of the mill from Feb. 2009, before it was finished or run. There is a lot of description in it of how the process works and it is a good add on to goldgold's current video. Note: The belt presses at the end of this video have been scrapped and are not part of the current mill layout.

http://www.youtube.com/user/FCubed100#p/u/21/b0R8FIXBC8k

FFF
F-Cubed
Frank Firek

In case you were wondering what ever happened to CPRK's old spokesperson, John Hurley, he has moved from promoting copper companies to golf balls:

http://www.ohurleyrange.com/

FFF
F-Cubed

Paid,

Thanks for the compliment. I really appreciate the support. But let's hold off on a run for US President until after we know if the ESHC can pull off saving the shareholders in this Chap. 11. This is not a done deal by any stretch. And it is not just me working on this - there are 8 members of the ESHC and several others who are working full, or close to full, time on this project for us. And I can tell you that several of them are working a lot more hours on this than I am right now. If and when we pull this off, then there will be a bunch of people that you can heap praise upon! (with me hopefully being one of them

FFF

Mickey,

Chapter 11 is a very complex process. I am not an expert, but I am learning a lot as part of CPRKSA and the ESHC. Let me try to help. This is all IMO. I am not a lawyer or expert in Chap. 11.

In most Chapter 11's, the shareholders get wiped out when the reorganized company emerges - in much better shape than it entered Chap. 11.

Here is my take on what goes on. The debtors and creditors get rid of the shareholders and they end up owning at least part of the "new" company as it emerges in a healthier condition ("Ah. It's a profit deal."). What often happens is that the creditors will give up their debt in exchange for some ownership in the newly reorganized company, the debtors get some ownership in exchange for their "leadership", and whoever is financing the POR will get the rest of the ownership. The company then comes out of Chap. 11, they do well and the "new" ownership does an IPO. In a successful IPO the "new" owners sell a bunch of their shares, pocket a lot of money and skip all the way to the bank (IMO).

I believe that is what would have happened (and don't get me wrong, it still could happen) with CPRKQ. But this is why I started CPRKSA and why the CPRKSA steering committee and I worked so hard to get an ESHC approved in this case. The shareholders now have a voice in front of the judge in this case and it is our job to try and prevent the above scenario from playing out. The key thing here is to prove that the company is worth more than all of its debt. If the company is not worth more than all of its debt, then there is "nothing left to own" and the shareholders will be wiped out. (I believe that is part of the reason why the debtor's initial valuations of the company were so palrty.) But, if we can prove that there is something left after the debt then we can fight to not be wiped out. As part of the rare POR in which the shareholders are not wiped out, their shares may still be diluted and there are a multitude of different ways that could happen. Some of which include the creditors take some equity in the new company in exchange for what is owed to them (thereby reducing the debt load), the financing company takes a piece of the pie for the money they invest to get the company out of Chap. 11, etc.

What I am trying to do as part of the ESHC (I am not the chairman of the ESHC so I can only speak for myself) is to make sure that the shareholders are in the money and that we are not wiped out in the process. And as ChuckD has said in his posts, the ESHC continues to make progress (refer to his update posts), but it is not a done deal at this point in time. I feel we have made a lot of positive progress but we still have a lot of work to do.

FFF
Frank Firek

Paid,

Don't forget to put me on the BOD!

Frank
FFF

Web,

Thanks for the clarification. We did not come up with the name of CPRKSA until later. But the fact is that I was gathering shareholder information and determining support for the BOD's intended action of removing MD as CEO prior to their meeting in which MD was informed of his removal. And I was doing so at the request of the BOD. I was not taking a shareholder vote, but rather giving the BOD a list of shareholders that supported this action so that they had documentation of shareholder support behind their actions.

FFF

If anyone out there would like to register as a shareholder with CPRKSA (CPRK Shareholders Assoc.), please do so at:
http://groups.google.com/group/copper-king-shareholders-2010?hl=en

FFF
Frank Firek

sjframe,

JB's salary is not being paid. It is being accrued. And any payments of his salary in the future would first have to be approved by the court.

FFF

sjframe,

I started CPRKSA as part of the effort to get MD ousted as CEO. The BOD wanted to remove him and wanted to show MD that they had shareholder support to remove him as CEO. They asked me if I could get any shareholder support for their actions, which I did. I also believed that MD was in over his head by then and that we needed a change at the helm. I was also told by MS that they would look for a more qualified CEO. What I didn't know is that it would be MS and then JB. (I am now not so sure we got an upgrade in that deal!)

The good news in all of this is that the CPRKSA eventually was able to get the ESHC appointed and we (the ESHC) now have a quick way to access a majority of the shareholders.

In terms of getting rid of JB, I will just say that the ESHC is always looking for ways to maximize the chances of shareholder success in this Chap. 11. And while I cannot post what we are doing, I can say that if I ever felt that getting rid of JB, or any other BOD member or management for that matter, was in the best interest of the shareholders, then I would request that the ESHC investigate our options with our legal representation and take the appropriate steps to accomplish that task. Also know that some tasks may just not justify the amount of time and expense it would take to accomplish them. (NOTE: I am not trying to send a coded message here so please don't try and read between the lines. I am simply letting you know that we are continually investigating all options available to us to support the shareholders.)

FFF
Frank Firek

Game/changer,

And how would going private solve what you are claiming to be problems???? I am scratching my head trying to figure out what going private has to do with anything else you are posting about and why all of a sudden you are now promoting that. Going private out of a Chapter 11 would probably not be in the best interests of any of the shareholders here. Any "enlightenment" you can share on that would be appreciated.

Also, you seem to be very confident in your posts, so I assume you have a background in mining and milling. Could you please elaborate on your experience in these areas so that we can all understand your vast knowledge of this subject matter?

FFF

CK,

In the event that the CPRKQ ESHC ever needs to take a vote, on any topic, we need to make sure that we know how to contact all shareholders. If any CPRKQ shareholders have not yet registered with CPRKSA, please send an email to cprksa@gmail.com and let us know you would like to be added to our list.

Frank
FFF

Satellite,

I too am very disappointed that JB did not keep his word to keep the shareholders involved and updated. He held one conference call with the shareholders at the start of the Chap. 11 and said he would do that on a regular basis. And, as far as I know, he has not had any communication with the shareholder body since then. He has certainly not earned my respect in that regard. (And I'll just leave it at that.)

With what he said to the CPRK Shareholders Association (CPRSA) steering committee, and on the shareholder conference call we had set up with him, I was very hopeful that he would have been a strong ally (or at least a vocal supporter) of the ESHC.

Frank
FFF

Thanks for the vote of confidence CK! As would be expected, I believe that we (the ESHC) are the ones that have the best interest of the shareholders in mind. I also believe that the best thing we can be doing right now for the shareholders is to use our limited time, money and resources to complete our report, work on securing financing and to develop and submit a POR to bring the company out of Chapter 11 in a manner that is favorable to the shareholders. I don't have confidence that any other group involved in the Chapter 11 process will have their primary focus on preserving shareholder value. So it is up to us to continue the charge and to see where this path leads.

Frank
FFF

JJ,

I wasn't trying to top you. I am just so used to buying when I should be selling, and selling when I should be buying, that I got excited that it appears I called one correctly!

Picked up 100K today at $.0255

What is a Dragon Fly Doji???

FFF

An agreement is in place that says Altus can buy out the secured position. I have not seen any court filings that state they have completed that transaction. Have you?

FFF

ExB,

I like green as well, however, I wouldn't get too excited here. The stock traded all day in the $.14x range and at 3:59 someone placed a 5,000 share order at $.1649 and "painted the tape".

I hope that is the start of the pricing for tomorrow, but I am hesitant to get too excited by that closing price.

FFF

Mickey,

The questions you are asking are the basic questions that need to be addressed as part of Chap. 11 and a POR. I cannot comment on any of it.

Everyone,

you guys know that we can't answer these kinds of questions. Let's use some common sense.

FFF

No comment.

That is not public information.

CPRKQ is in Chapter 11.

The debtors have not put forward any type of POR. Nor have they put forward any type of long term financing that appears to be favorable to the shareholders.

An Equity Shareholders Committee (ESHC or EHC) was approved by the US Trustee so the shareholders have representation in this process. This is very unusual in a Chap 11 case.

The ESHC committee has been hard at work and is chaired by ChuckD-MSB who posts here on occasion. I am also on this committee.

The ESHC has reported that they are working to get the information together that would be needed to try and secure financing to bring this out of Chapter 11.

FFF

sespears,

They can only add personnel as money allows. That can be done slowly with revenues or more quickly with dilution - which would you prefer? They have interviewed an IR and a CFO. I don't know if they will be hired or when, but I do know they are moving in the direction of increasing the level of their personnel.

FFF

Even more than that.

FFF

I would love to be on the BOD, if we get to that point. If it comes to a shareholder vote, I would hope that I would get a lot of support for my efforts in organizing the shareholders and getting an ESHC in place.

FFF

Wes,

The goal of the ESHC is to keep the shareholders from being wiped out and to maximize shareholder value. FWIW, all the members of the ESHC are large shareholders.

FFF

The Settlement agreement only deals with the secured creditors. There is also a large group of unsecured creditors who would still be involved. The ESHC is in communication with all parties involved.

FFF

Mickey,

Those are all great questions. If those answers were public knowledge then pps would either be a lot higher than this or zero, depending on the results.

I am on the Equity Shareholder Committee as part of the Chapter 11 process, as is ChuckD-MSB, and we have to be careful about what we say. But bankruptcy is usually not a quick process. And per some of the court filings and shareholder updates, we are doing things to try and secure a source of financing to bring CPRKQ out of Chap 11. Right now the company doesn't have the money to make a go of this, so financing is critical. If someone comes forward with a well thought out Plan Of Reorganization (POR) AND they have financing in place to back it up, then this could be a great play. And if those 2 things don't happen then this may not be such a good play. IMO.

FFF

Mickey,

The Settlement Agreement is not a buyout of CPRKQ. It is the framework for Altus, or anyone else, to buy out the claims of the Secured Creditors. Even if Altus goes through with this and buys out the Secureds, the company will still be in Chapter 11. The only thing that would change is that Altus would now be the secured creditor instead of the multiple secured creditors we currently have.

FFF

Private,

At this time we are asking people to update us with any significant changes in their holdings. We are maintaining this list to keep shareholders informed (as best we can with the limitations put on us by being part of the ESHC) and in the event we need to take any future shareholder actions, i.e. votes, etc. This list provides us with a quick way to contact a large number of shareholders and gives CPRKSA credibility by representing well over 50% of the outstanding shares.

FFF