Sleep,
Respectfully, I disagree with your assessment of the recent PR. Since you are in the medical field, I will put it in terms you can relate with. IMO, CPRK is terminally ill. The only available cure is Long Term Financing sufficient to pay off all current lien holders on the property and equipment. Without this medicine, CPRK will die. The symptoms of their illness are as follows:
-lack of transparency (what are they hiding?)
-Non performing, dishonest, overly medicated CEO. (He has alienated anyone and everyone that may have been able to help dig him out. He has no where to turn.)
-Dilution, Dilution, Dilution.
-A mill that does not work as anticipated (according to Walt himself)
-60 M in secured Debt that is 2 years plus past due.
-13 M of unsecured/under secured debt that is 2 years plus past due.
-Accounts payable policy?---Don't open any mail that looks like a bill.
-Unhappy share holders.
-Downsizing of staff, and missed pay roll.
-Narrowly averted Sheriff's sale. (why wasn't the Sheriff's sale addressed in last PR?)
-No LTF in sight.
-STF is impossible without 20 plus lender participants agreeing to participate or subordinate depending on the scenario. This is not going to happen.
-Cant afford fuel.
-Cant afford reagents or catalysts.
-Mill has been down for two months with little hope of opening anytime soon.
That is the short list.
Problem is, LTF, the only cure, is not currently in reach. If it is not administered soon, CPRK will die, and we as shareholders will all lose, regardless of the number of shares we have in our account, or who we purchased them from. GLTA shareholders!!!
