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As one of the many unsecured creditors I have heard countless times over the past year that LTF will happen "next week." Every time I've heard that from CPRK I've been hopeful, but each time a little less than the time before. In light of the Sheriff's Sale, if the LTF doesn't go through, not only will I lose any hope of getting repaid, I also believe my shares will be so diluted to make a R/S inevitable and my investment next to worthless.
I have been a long time shareholder and supporter of the company and have visited the plant many times. The potential is there, but if something doesn't happen now then we are faced with several poor options.
1) Hostile takeover for pennies on the dollar
2) LTF with R/S to plunge share values to sub-sub pennies.
3) LTF with major dilution
4) BK with loss of share value & loss of unsecured debt
So, let's all cross our fingers that Mark & the boys have got this thing handled. If not...
pieces will fall together soon on LT financing agreements. Shouldn't be too long now than con is shipping.
There has been increased selling lately with some rumors of Steve's CC having to do with a R/S.
Thanks for the update. I wondered if the cpa issue would cause problems. hang in there--this will prove out
Serf,
I've been errant lately. Please give me an update on missing paperwork. I thought Boyd had filed all the appropriate docs for uplisting? What's the latest?
any thoughts on how this will affect move up to BB?
Just put him on IGNORE
I know they were looking at purchasing the SX/EW components a year or so ago for somewhere in the 1-2 million dollar range, so they got an incredibly great bargain.
My thoughts are that a pr won't come out until early/mid next week after the dust has settled from the board mtg
Looks like Nite is doing their best to hold it back. Volume looks good. I'd like to see it trade upwards of 1MM.
The takeover is definitely the exit strategy here and should take this one to dollars instead of pennies
Still need more volume--more like yesterday's volume to make this stock stick
For a stock that seems as well managed as this one, i'm surprised at the lack of volume. The company needs to get the word out on this one to the market
Great report Colorado. It should be reassuring to all, that everyone who has made a scheduled and coordinated visit with the company to the mill not only confirms what those of us who have visited before have said, but comes back more enthusiastic e about the potential of this company.
Yes, there are problems, but they are being worked out. Everyone i've ever met there has been open and genuine. Walt is extremely knowlegable and very friendly with those of us who have visited in the past.
It was really fun for me to see the blue painted tall flotation tanks now colored tan by spills. And the once brightly painted structures coated in dried spilled concentrate. I can also see the obvious progress at the Hidden Treasure Pit as it gets deeper and deeper. They are moving lots of ore.
I'll have to reschedule another trip with F18, JTF & Oldfart again soon!
Way to go Colorado. I told you long ago that you would come back from the mill as a believer. Now let's hope they keep up on getting financials and keeping us posted better on progress and news!
I think we'll see a pr prior to the board meeting and some very good news after the board meeting. Lots of positive things happening here.
exactly, but if you had some lithium holdings you'd be rich, cause it's scarce and it's being used for long-life batteries and is being targeted for high tech electrical conductivity
Isn't there a time limit the SEC has to respond? Don't they have to either ask for more documentation or approve the application in one year? If that's the case, TEVI applied in October of last year and that means that by September we should move up to the BB.
Does anyone have any info on the time frame?
IMO, CPRK will be a highly stable and productive stock within the next 12 months. We won't have to wait 5 years. I also think we will be hearing about a solution to LT financing soon.
I understand Lithium is the electricity conductor of the future, but it still needs a little copper to keep the current flowing.
Has anyone heard any additional news about progress uplisting to the OTC:BB?
I have been in several meetings with Mark where he also reinforced his intention not to sell the company. He is proud of the fact that CPRK/WUCC is an American company and that it has been built to stimulate the local economy.
His intention has always been to keep the company local and has mentioned that he has had numerous offers to sell and could have become a multi-multi millionaire by selling long before now. So if he was motivated purely for financial gain, he could have more than exceeded his dreams by selling before now.
Thanks, what time/time zone?
What is the site & log in info for the cc?
1 year on rule 144 unless audited financials are posted--then it's 6 months.
Talked with the CEO the other day. There is a great chance uplisting will be done within the next 60 days. I think news will be out sometime this coming week. This one has the potential to be a retirement play, IMO.
Take a look at the strategic partners--especially Strategica and you can see an exit strategy for the company.
You'll probably also need an attorney's opinion on removing the restricted legend as per rule 144
I think the SEC rules say that you have a year to uplist from the time you first apply. I believe they applied in October--so 45 days or so from now should be BB.
I think you'll see strategic partners like Strategica do more than just buy on the open market. I think given enough time, partners like Strategica will become an exit strategy. That IMHO would be huge and would make this pinky rise to rarified air status.
looks like its finally happening
Then why are you here? Go on to something else or get reinvested. Anyone who repeatedly posts & doesn't have a position is either a paid pumper, basher or just plain weird.
dunno. I thought it would have been done before now. That means that we either have a slow and inefficient government agency (any bet takers on that one?) or TEVI has continued to make errors on their application. Be nice if Boyd could tell us which one it is & give us a personal update
waiting for info on moving up to next level. as soon as that happens this one pops like fireworks and goes to the moon
If you feel you have no impact then why do you persist?
It is a good read, but realize that it is also a paid endorsement. Not that I am a dissenter in any way, I believe IFSL is going to keep moving up--but just want to point out that while you are reading this, understand that the writer has been compensated $15,000 and also has 12 million in previously issued shares. So his opinion is not necessarily unbiased
There will always be profit taking in pinks regardless of the potential
Thanks for pointing that out Ally. It's nice to have everyone pulling together for a change isn't it?
Or they have fixed the inoperative ball mill and also shipped the concentrate
Nice post-from one lurker to another
Anyone talk to the CEO again lately about uplisting? Once that happens this will do very well for investors who got in on a pinky actually going someplace.
Talked to the CEO a while ago. He has been in the biz a long time and has finally structured the company to the point where it is turning a profit. He has structured key alliances to help him keep the company moving, give it credibility and earnings and it is moving ahead. Anyone who thinks this is a pump and dump needs to be patient for a week or so and see what transpires. Methinks it is going to take off, but hey, I'm just an old shareholder watching good things happen because the CEO has worked his guts out to make it happen for himself and for investors.