NY resolution to is make more and save more
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ernie, I've replaced a couple of the stickies with updated information. If you have another you'd like, please just let us know.
This has been a big weekend of news :)
Your figures are incorrect and I don't see anything to back up that assumption.
We will soon see what the POR has for us and if the nethers name is mentioned in it.
I am betting on NO.
No, there is no factual data to support that theory. In addition the SEC thinks differently than what you are stating. If you notice, Nethers is not being sued by the SEC. In fact you won't find the Nethers name anywhere in ANY SEC litigation.
He didn't say it was.
He said it went to 39 cents AND IF any shareholder chose to exit, they could have.
POR next week, that should give closure to some of these suppositions.
Incorrect. I see no such proof of anything like what you are suggesting. Marcus Southworth, Wilf Blum, Alexander Lindale, Stephen Bennett are the ones who ripped off shareholders according to the SEC. Deny deny deny, the scam is in court! What we will have is a POR and the ESHC chairman who has said the Nethers hands aren't in it; Why is that so difficult to understand?
If and when you see Nethers name on a POR, post it here. Until then, I'll stick with the results of the through SEC investigation and their findings.
Thanks, ChuckD. Setting my calendar as we speak.
I have high hopes of reading news about CPRKQ soon; only 8 more days to hopefully get REAL & CURRENT news.
Some must have missed this although I've posted this news release before stating that after a lengthy investigation, the only person with IBC who had litigation filed against them and who was fined was Daryn Fleming.
Ex-president, agent accused of fraud
Bert Caldwell
Staff writer
January 30, 2008
The U.S. Securities and Exchange Commission has filed a lawsuit against Spokane-based International Broadcasting Corp., its former president and a former agent, alleging fraud.
According to two complaints filed last week in U.S. District Court in Spokane, then-IBC President Daryn Fleming and agent Mathew Bruce made false statements on broadcasts of the company's Internet radio show, "Stock Talk Live," in October and November 2005. Their claims that IBC had purchased or become affiliated with three Florida radio stations boosted the price of IBC stock 50 percent after the first report and 60 percent after the second.
They also filed false statements with the SEC regarding the nonexistent agreements with the radio stations, according to the complaints.
Fleming sold "large quantities" of IBC stock between Oct. 28, 2005, the date of the first broadcast, and Jan. 13, 2006, the date of the SEC filing, the agency alleges.
When SEC investigators interviewed Bruce, who lives in Bradenton, Fla., about his statements, his response was: "I did what they call PR. It's done all the time in the radio business."
The agency is asking the court to permanently bar Fleming and Bruce from further misconduct and to impose civil penalties on both. Fleming, the complaint continues, should be ordered to return ill-gotten gains from his stock transactions.
Peter Chan, the SEC's Chicago-based assistant regional director, declined to specify what penalties Fleming and Bruce might face or how much Fleming pocketed from his sales of IBC stock.
Fleming lives in British Columbia, Chan said, but his assets in the United States can be seized. Agreements between the U.S. and Canada will allow the SEC to pursue recovery there.
"We're not alleging any violations by anyone currently with the company," Chan said, adding that IBC has already agreed not to repeat Fleming's actions.
In a release issued in August, current President Darrell Nether said IBC has had no communication with Fleming after his resignation in 2006.
The SEC complaint says Fleming now operates another stock-talk program, "Wall Street West."
Neither Fleming nor Bruce could be reached for comment Tuesday.
In December, IBC executed a reverse merger with Copper King Mining Corp., taking the Salt Lake City company public in the process. IBC has become a private company that continues to own "Stock Talk Live" and another business.
Thanks, Chuck...looking forward to the second installment.
Where did it say HE announced anything in that PR? HE had RESIGNED, bubbahlo, SEVERAL MONTHS PRIOR.
Do you see where it says COPPER KING, meaning the company?
"Copper King recently terminated its relationship with Alexander Lindale, LLC its principal, Wilf Blum, and commenced managing its own corporate advertising and PR, effective May 1, 2008."
We now know Wilf Blum was still there signing subscription agreements to sell 12 times the legal limit. That's why the SEC is suing Wilf/Wilford/Wilfred Blum for securities fraud.
The May 2008 pr you referred to was released by a Deborah Benson on behalf of Copper King Mining, of which NETHER had no part since he had RESIGNED on February 1, 2008.
This is not difficult to understand.
The correct info has been posted here repeatedly, that Nethers was APPOINTED to the bod in December 2007 (NOT June 2007, not December 2008, not December 2009 as others have erroneously posted here),
and RESIGNED February 1, 2008. That's a 6 week term, over four years ago. It's said he resigned because he was concerned first, that they were not keeping him in the information loop (since he had 8 years service to the company), and secondly that Blum was acting improperly and not in the best interests of shareholders. When it became obvious Blum was acting without notifying the bod, he resigned. Pretty good instincts it seems.
That is why his name is NOT on any of the SEC litigation, after thorough investigations, TWICE.
Did you notice it's merely stating they are going private and wishing luck to Allred. Is that the "damning evidence" you're presenting? I see no such thing.
I'm still waiting for the one in June 2007 that YOU said was announcing Darrell Nethers as sitting on the CPRK bod.
It didn't happen, bubbahlo.
Ok good luck to you and your own investigation. You can look at formal SEC investigations as well but I guarantee you won't find the names you appear to be looking for.
Wilf Blum is mentioned though. He's being sued by the SEC for securities fraud.
Bubbahlo, Did you notice the date discrepancies in your two posts?
Thta's the way I read it as well. Blum discovered it and set it up, sold WUCC on it, Dotson joined the foray, Bennett was a necessary part of the whole charade. I can't remember what it was that Southworth did, but he was up to no good (as my Grandmother would say lol).
I don't know where to start. lol...but just let me say that the very first statement regarding a June 2007 announcement is incorrect. The PR was referring to Blum and his cronies "rediscovering" Copper King MINE. It said Nothing about Nethers. There was no publicly trading CPRK at that time, there was NO bod. Dwayne Allred was the ONLY shareholder.
I've already disagreed with the other points, but the point you attempt to make regarding Blum wanting out? That's nonsense no matter how it's worded. Blum signed THIRTY TWO subscription agreements, bubbahlo. Those agreements didn't show up by accident. If Wilf Blum sold $1.00 over the 504 limit, he was in violation. Don't you think at some point he would have had an epiphany and realized he was signing THIRTY TWO agreements and was over the limit when he oversold by $12 million dollars?
Do not forget he was pocketing over $3.5 million of it for HIMSELF including what he sold in his own account. Do you think that just maybe could have been an incentive?
Blum didn't just happen to realize he was in a scam, he was PART of the SCAM.
The SEC believes so as well.
Did you also notice Wilf Blum made over $3.2 million for himself/Alexander Lindale? Not bad "commission". No gripe there? He also made over $250k+ for his own account, no argument there? DISBARRED attorney Bennett let them use his stamp, no questions on that? Dotson issued false PR's so Wilf/Wilford/Wilfred Blum (or whatever his name is lol) could sell shares, no problem with that?
Nonsense.
In regards to your supposition regarding any p&d. The Nethers did not CPRK. They even opted out of their OWN site when the talk turned to CPRK, so the information you're posting is simply incorrect. I never heard/read a single pumpish comment from them. Not one.
Next, you've repeatedly posted about the millions of shares you accuse them of taking. Where is the proof? Did you know that after the RS when Nether was still there, the OS was 8 million? You do know that Fleming held an overwhelming majority of stock, right? So how could they possibly hold the Millions you refer to?
I've also proven here the preferred shares after the split would have left them with $20 worth at today's prices so imo that argument holds no water either.
And finally where is your proof that they are trying to recover the CPRK shell? Frankly, the shell has been through TWO SEC investigations, it's hardly what is referred to as a clean shell after Fleming, Blum, and Dotson got through with it.
Why is it that after TWO SEC INVESTIGATIONS, that the Nethers never had a single SEC litigation complaint filed? Could it possibly be that they are INNOCENT? Be aware that your hypothesis does not postulate that the Nethers did anything wrong. In fact the SEC statements on the matter? "We're not alleging any violations by anyone currently with the company" That was January 2008. We're STILL talking about it over FOUR YEARS later, but I don't for the life of me know WHY.
Thanks but no thanks. Without any proof I'm sticking with what the SEC has investigated and the litigation complaints the SEC has filed after a FORMAL investigation.
Because it's NOT publicly traded! lol
The problem here is PROOF. There has been none and without it, these are simply statements by anonymous message board posters.
I personally think there will HAVE to be a RS, but when there is, it will be at the hands of the CURRENT CEO and the Current BOD. Not someone who has been Gone from this company for almost half a decade.
Here's what you're asking for, a report for you from the SEC and a follow up by one of their investigators. Once again, IBC Has been investigated and Fleming was accused of wrongdoing. He was also fined. The others were investigated and found to have done nothing wrong; no litigation, no fines. Which part of this statement by the SEC is so difficult to comprehend?
"We're not alleging any violations by anyone currently with the company," Chan said, adding that IBC has already agreed not to repeat Fleming's actions.
http://www.spokesmanreview.com/tools/story_pf.asp?ID=229666
Do Not see the Nethers name anywhere in any of the SEC releases. Why again are we hashing over some people who were never charged with anything? Who the SEC says were innocent of wrongdoing. Why is this important? Do you have proof of all the various accusations?
http://www.sec.gov/litigation/litreleases/2008/lr20442.htm
The CPRK pr you posted certainly was interesting, especially since it was not even close to the actual findings by the SEC. Evidently the SEC discovered a few things Blum and Dotson did Not intend to tell shareholders.
The May 19, 2008 PR stated: Copper King recently terminated its relationship with Alexander Lindale, LLC its principal, Wilf Blum, and commenced managing its own corporate advertising and PR, effective May 1, 2008.
However, the official SEC findings determined that: Alexander Lindale’s accounting and bank records show a total of $12,280,419 in proceeds were raised by Blum’s selling Copper King stock from 2008 through 2010. Of this amount, Blum paid Copper King a total of $9,063,567 in cash or services. Alexander Lindale, in turn, kept income totaling $3,291,352 from these sales of Copper King stock. Alexander Lindale’s brokerage accounts also show Blum made an additional $264,495 in proceeds through his sale of Copper King stock.
Also it's interesting to note that Wilf Blum not only made money off the improper selling of millions of unregistered shares, he also lined his pockets with another $264k through his sale of CPRK stock.
Let's just round it off to $3.5 million plus for Wilf Blum. Explain how that wasn't significantly destructive to CPRK shareholders.
You're mistaken. Wilf Blum/Lindale released a pr stating they rediscovered Copper King Mine, but that was Not CPRK, and most certainly not CPRKQ as you state since the Q is added to indicate bankruptcy status. Blum, Rasmussen, and Allred rediscovered a Mine, not a publicly trading company.
From that pr: "Copper King Mine was rediscovered in 2007 by Wilf Blum, Dee Allred and Jack Rasmussen. The mine was originally deeded in 1937, at which time 65,000 ounces of gold were mined from the area."
Wilf Blum released that pr and even stated His intention, "The long-term goals are to sell the project to a major mining operation for shares in their company."
Nowhere does that pr mention stock symbol CPRK, Dotson, nor Nether.
It's what Blum does, he's a promoter, he raises money. That's why Wilf Blum's improper selling of unregistered shares was done THIRTY TWO times, bubba. Not by Dotson, not by Nether, but by WILF BLUM/ALEXANDER LINDALE. Thirty two different subscription agreements. He was not trying to get out. He kept doing it until he was stopped. The SEC has now filed formal litigation complaints against him and his company, Alexander Lindale.
I guess you also noticed that despite disbarred attorney Bennett telling Blum to quit using his stamp, Blum continued to do so. That does not sound like someone who tried getting out as you have stated. It looks like someone raising money illegally, and WILF BLUM pocketing $3.2 million of those funds.
The case won't be final until a formal announcement is publicly released by the SEC.
For the record, Copper King Mining Corp did Not commence trading until December 2007. You just posted a PR issued by Wilf Blum that states as much, and that same pr also states Dwayne Allred was appointed as CEO.
Incorrect, there was no publicly traded CPRK in June 2007.
Blum and Dotson started the scam, bubba, and what's pertinent here is the SEC believes so too. That's why they filed litigation complaints that have not been settled until the SEC releases their formal decision.
Blum didn't just make a boo-boo when he sold 12 times more stock than he was allowed by law. He knew full well what he was doing, and did it THIRTY TWO times. He did it over and over and over, thinking he had discovered the goose that laid the golden egg. Do not forget Blum raised Over $12,000,000, taking $3,200,000 for himself. Since the maximum he could raise was $1,000,000, and since promotions and 504's are his game, how could he not know, or as you assert, Blum just did it by accident. That's implausible and highly unlikely.
That's why the SEC filed formal litigation. It's a slam dunk, imo.
No bubbahlo, the SEC litigation I quoted was exactly where I said, Page 10, line 39, "these claims made by WILF BLUM in the Subscription Agreements were false." http://www.sec.gov/litigation/complaints/2011/comp21995.pdf
As for talking about Blum, Dotson, Southworth, Bennett? They are all on-topic and I'll personally decide which I wish to discuss.
The SEC litigation was researched by numerous SEC investigators, I doubt they left any stone unturned.
Maybe you missed it, so here it is for you. WILF BLUM/Lindale was charged with improperly paying contractors with unrestricted Copper King stock, and hiring television celebrities to appear on radio talk shows and in infomercials endorsing and touting the merits of investing in the company.
Alexander Lindale/WILF BLUM also oversold the 504 by about $11.2 million dollars, Of which $3.2 million went to WILF BLUM/Alexander Lindale. Since WILF BLUM/Lindale is a stock promoter, that is his business and he would readily know the limitations. WILF BLUM/Lindale purchased not ONE, but THIRTY TWO subscription agreements. In each Subscription Agreement WILF BLUM represented that Alexander Lindale was buying Copper King stock with investment intent and not with a view to distribute the stock to the public, as required under Rule 504.
However, these claims made by WILF BLUM in the Subscription Agreements were false. Within hours of having Copper King stock issued to Alexander Lindale, WILF BLUM immediately began to distribute or resell Copper King stock to individual investors and entities. http://www.sec.gov/litigation/complaints/2011/comp21995.pdf
There was no publicly trading CPRK in June 2007. They began trading in December 2007. Dwayne Allred was the CEO. http://www.reuters.com/article/2007/12/19/idUS206343+19-Dec-2007+BW20071219
There wasn't a June 19, 2008 CPRK merger and additionally Nether had long since resigned.
From an earlier post, Daryn Fleming uses the pseudonym Bob Spencer. Fleming also was fined by the SEC.
The same things are being posted over and over which is ok, except I wish I knew where it was going and what the purpose is, and at minimum these posts would include Facts backed up by actual evidence. There's not been a shred of fact regarding the numerous charges that someone decided to levy against the Nethers. Not the SEC mind you, not the DOJ, not the FBI, but anonymous posters who decided it sounded like a good idea.
Bubba while you were researching, did you research who the author Bob Spencer really is and where that article was published? You do know Bob Spencer is a pseudonym, right?
On another topic, there hasn't been a POR.
Here we go again with stock options. Those are the things you think don't split.
From the filings, 2001 stock option plan: 5,000,000 shares of common stock (the last time you posted the filing you incorrectly posted it was for 25,000,000 shares). Divide the 5,000,000 by 25, that leaves a whopping 200,000 shares, or $20 worth. Hardly a majority position.
Nope, not without evidence. You've provided None.
Various accusations (they're trying to take control, he was a cprk ceo, he's testifying in court even on a federal holiday, he ripped off shareholders) are rational or justified If, and Only If, they are supported by one’s evidence.
That's what we are lacking here, truthful and verifiable evidence. You haven't provided any.
Your Opinion.
Did you read the filings against Blum, Dotson, Bennett, Southworth, etc.? The SEC believes their extensive group of attorneys did a thorough investigation.
Your formation of an opinion or theory is without any sufficient evidence for proof.
The burden of proof is on the person making the accusation and that is You.
Do you have proof to support any of your statements and specifically this one,
That's not proof, that's your opinion.
Do you have any valid proof of this? If not this is a pointless exercise in futility.
Bubba, there was no merger in 1980. Some of us weren't even born in 1980.
Once again, there was no IBC and CPRK merger in 1980. Nothing.
To assume someone knew "something" is a very weak supposition, and so far I haven't seen your proof.
Dotson yes, and also Blum/Lindale sold $12 million dollars worth when he only had permission for $1 million worth...and you want him to have a free pass? Why?
The complaint also alleges that Alexander Lindale and Blum raised an approximate $12,280,419 in proceeds from Blum’s improper sales Copper King stock from 2008 through 2010. Blum provided Copper King with approximately $9,063,567 in cash or services while Alexander Lindale received approximately $3,291,352 from Blum’s sales Copper King stock. The complaint alleges that Alexander Lindale and Blum also operated as unregistered brokers or dealers.