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I wouldn't be surprised if short interest stays pretty high on this one. The marketing done over the past few days to get interest up could be a ploy to raise the PPS before the 1 billion shares authorized last month are released to the public. As everyone familiar with the company knows, financing is still the major hurdle. Removing the stop sign and taking steps to financial transparency are nice, but this company needs cash. At this point I honestly think dilution would be the better play. If the company seriously thinks they're close to turning the corner, then gather the cash they can and pay off the loans with a profitable mine.
It's pretty obvious you only read a handful of posts. These disgruntled lenders are not going into attack mode against the company, if you actually read the posts you'll see that they're placing blame on one man. And this company has been on the verge of many great things for over a year now. If you'll look at the seats in front of you you'll see that these disgruntled lenders have been sitting on this train for far longer than you. They're just unhappy that the train has been sitting at the station for so long.
It's clear this isn't an argument that can be won. When money is involved people are usually blind to persuasion. Making "some payments on some loans previously" is not a good argument for them making future payments. Who is to say that this is the last time money will need to be borrowed before this mill actually begins to make money. Can you not see that this is why previous lenders want any kind of payment now? How many times do they need to be told that the company needs X money for Y upgrade before they can get paid?
Yes, and you're not one I was calling out for being a hypocrite. However, in regards to this: " I believe that they will pay all lenders back when they have the funds to do so." I would argue that these lenders who are trying to get their money at any costs would say that due to past examples they do not feel they will get their money back without legal intervention.
Yes, I agree that copper demand is much more likely to increase than decrease. And demand increase will benefit all copper manufactures. However, I do not have a good enough grasp on the global mining market to know if increased demand would be met with increased price or increased production. Increased global production would not help CPRK too much since the large consumers are based overseas, but a copper price increase could open the door for them to become a low budget alternative.
So you pay 42.95 a trade, and you say that CPRK is a good value......
If you're making the assumption that a Nuclear Facility being built in the Western United States would directly affect CPRK then that would most definitely be a false assumption. Most if not all wire and cable is manufactured outside of North America. There will not be large scale consumers of copper popping up to take on the cable and wire load because of a couple of nuclear facilities. IF CPRK is able to get up and going then their major customer will probably be a Mexican manufacturer.
A fool and his money.....
Why buy today when the same amount of money will get you 10-15% more shares in a week?
As was posted earlier, the people shorting this stock know what they're doing. There will not be a "squeeze" for this stock because CPRK is constantly adding new shares to the float.
At this point CPRK is doing everything they can just to keep the doors from being padlocked on them. Retiring shares and maintaining a high PPS should be very low on their list of priorities.
With 6 billion shares out there, this stock is not going to pop overnight. The people shorting this know they will have plenty of time to react to good news for the company. At this point they're either hedging or taking a low risk position that this company will fail. Either way you look at it, if you take your copper colored glasses off you will see that it makes perfect business sense.
Ok thanks, I was just curious because I saw that your email was sent on Tuesday. I didn't know if you got a response on Tuesday, Wednesday, or today.
Nate, when was that reply dated?
If you factor in a reverse split prior to a share dump then your math is a little off.
Farmboynate,
I don't think you're seeing the big picture. You're looking at this through copper colored glasses, thinking the only problem is that people can't buy this stock. It has been clearly pointed at that there are several issues with CPRK, and the inability to buy is the least of them. Obviously someone is buying since there are 14 million shares a day traded.
Clearly you are biased, and it's understandable if you're heavily invested. But the fact is that the company is strapped for cash, and stock dilution is a much higher likelihood than financing at this point.
Please define "US" because you can't be talking about the United States.
I don't see where a personal attack is necessary, but then you are one of the ones I had in mind when I wrote the post you responded to.
Unfortunately for you, I don't like to give out too much personal information to strangers on the internet. However, you can rest easy knowing I'm not the one who's driving the CPRK train to 3 zero land.
I do not claim to know MD's vision and history, all I know is where it has taken investors so far.
"there's not a big enough short in this to matter IMO"
It's so much easier to blame non-existent, faceless "naked shorters" than it is to blame the man responsible for the PPS. The man whose "dream and vision" has caused a lot of people to lose their shirts in this. I swear I think some of these posts were written by Mark Dotson's mother.
Well normally this wouldn't be relevant to CPRK, but since we're talking about court investigations and such due to stock manipulation then I do think it has bearing. Originally this stock was for a radio company called International Broadcasting Corporation. The owner of the company was fined by the SEC for promoting false information (hence the slap on the wrist).
Now supposedly there is no one from the original company left on the WUCC/CPRK board, but then it would be hard to verify this.
How much do you know about the history of this stock? They are not strangers to SEC investigations, and so far all they've received are slaps on the wrists.
Richard,
It is not the job of investors to keep each other happy when a stock is down as low as this is right now. The company should be doing that. It's hard to be all unicorns and rainbows over this stock right now. It's extremely unfortunate if people were relying on money they have in CPRK for basic life necessities, but this has always been an extremely risky venture. This board is pointed to from several different sites as a place to get more information on CPRK if you're new to this company. If no one ever discusses any of the negatives surrounding this stock, then a great disservice is being done to those directed here.
I'm a newbie, so this is my last available post of the day.
That's the reason for the last part of my question, are you sure they have to control all of the shares to take it private? This is not a listed stock, do the same rules govern?
What basis is that founded on? I guess my lack of knowledge on how these things work is glaring, but I do not understand why they would do that. You have a market cap of 1/3rd the value of assets, if there's no downside to privatizing then it seems to me that would be a stipulation of the financing.
Out of curiousity, what incentive would the provider of long term financing have to keep this company publicly traded? If they are investing $120 mil against around $60 mil worth of collateral, why would they need public investors? Basically they are allowing others to benefit in the long term on their complete risk. The laws that govern how listed stocks are privatized, do they apply to pink slips? I've followed this company for about 6 months, only owned shares for about 2 weeks of that time. I'm tempted to buy some more, but I have serious reservations about being left out in the dark due to LTF.