More Q&A with Charles Moskowitz - From 1/22/10 to 1/27/10
Charles,
I am hearing on the board that MD and the entire management team could be history. I think this is very odd rumor given that financing is believed to be in house and that they would have been critical in securing that through their efforts so far. I could see a different lead PM or some other type of manager taking over, but not ousting the entire team and starting over. Have you heard anything to this effect and can you please answer the questions below.
Thanks,
B
Management Team Questions:
- How can MD be replaced?
- What is his role on the BOD?
- Is he not the largest shareholder?
- Who are the candidates to replace if true?
- Who is forcing the issue?
- Who do you think secured the financing, if it's true, and how would they have w/o proving competency in the current management team?
I have NO info on this...CAM
Now there's a rumor that MD was in front of the SEC in Salt Lake yesterday???? Do you have any information on this. Even if you can't comment on specifics, can you comment on whether this is just a rumor?
I have no info on this, but I will ask...CAM
Hey Charles,
What's the chance of a PR this week? Doesn't matter what it is, but the masses are going crazy from the lack of communication.
Thanks,
Brian
Brian:
I have a call into Mark to find out..I will reflect ASAP
CAM
Thanks Charles!
Can you give me some information on this Sherrif's sale set for Friday? What is it? Is this the non institutional lein holders issue you have written about or something else?
In your personal dealings with MD, do you feel he would step down or relinquish any of his status with CPRK in order to secure a better financing package, if there were options on the table? Or, do you feel he will do everything possible to stay as CEO and the ring leader?
--Next Day—
Good morning Charles,
You never responded to my questions from yesterday. Were you going to?
Thanks,
Brian
Brian:
I expect the same outcome as before...cancellation, postponement of satisfied by payment...
Cam
Ok, I was just connecting the dots from past communications. So, the Sherrif's sale is being pushed by and more likely will be canceled by the lein holders, right? Where does the Nevada Star lawsuit stand and can you give me your two cents on that?
Can you not answer my MD question?
Brian:
I don't think it's my position to make that judgement on Mark...I do believe he should delegate more and not get bogged down in stuff that is not his strong point...I think he would be a better COO, and bring someone in who is more in tune with the financial side of the business..
CAM
I appreciate your candor Charles. Is this something you would like me to keep to myself? I realize you don't share info unless you would share it with everyone, but this is a personal comment, not CPRK.
Who all made the list of the mill tour today? Did CandyB get to go?
I heard MSHA employees might be out there. What are they inspecting?
Brian:
I don't say anything that I wouldn't say to everyone...and my opinion is simply that...an opinion.
The business world is full of companies that had a hardworking Individual who had the idea, followed through and made it happen...followed by turning over essential, non-core duties to someone who could more effectively manage them. I believe that Mark is exactly that guy...but he is too busy doing everything...He needs to delegate......
As to who went on the tour, I believe that Rich Waters and Terk Husbands were the only 2 to go....the MSHA is in fact there and that limited how many could go...I don't know exactly what they have an interest in seeing..
This is the only thing we cannot work around...when they get there, we drop everything to accommodate them...Candy did not go...
CAM
