Some good news--CPRK may have found a way to make the STF deal work without participation or subordination of current creditors. It seems a friend of CPRK may be pledging some collateral sufficient to make the deal work. 7 million isnt much, but it may be the difference between life and death for CPRK. Now all they have to do is keep those pesky unsecured creditors from attaching it as it comes in. CPRK needs the money for operations, not to satisfy accounts payable, so there is still a lot up in the air. IMO, they will also have to get extensions granted from existing secured positions as well. If it works, it will be a miracle.
