RDG, they were used for just that...ST financing...
The point that needs to be made is what an incredible number 85m (float) is; it represents approx 4.25% of the total O/S and less than 3.5% of the total A/S... this is absolutely unheard of!! Approx 1.9b+ shares, which represent approx 95%+ of the O/S, are held by insiders, and others (friendlies) and are restricted. Plus, when unrestricted, they can't sell in mass due to rule 144 and other reasons (see PR and quote from MD).
Remember back to the run of late Jan/ early Feb? It ran to .39 due to supply/demand of stock with no real fundamentals to back it. That run will happen again, imo, when sound fundamentals; revenues and profits are achieved. I believe the potential exists that the float could be completely sucked up off the market with the right news after production kicks in and the fact that no one really has heard of the company right now; shares to fill buy orders will be hard to come by. IMO, WUCC/CPRK has the potential to become one of the most dramatic news stories in the mining industry going forward.
jtf
