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Re: sleep post# 56630

Tuesday, 03/02/2010 11:59:42 AM

Tuesday, March 02, 2010 11:59:42 AM

Post# of 83046
Sleep,

Wanted to reply quickly and answer your questions. Part of the collateral was stock, and part was a piece of property put up by a third part unrelated to CPRK.

As far as insider information, I dont have any; however, my father and I know several of the participant lenders on the senior, and junior positions. I have spent time with them recently, and at least know what it going on from a financing stand point. I do not claim to know much else, but CPRK's fate will hinge on financing. Without new financing, and extensions on current debt, CPRK will fail---which could mean a number of different things.

I agree with you on Colorado 1. Seems like a solid guy. That said, CPRKSA will never be taken seriously by Dotson, or the BOD. If you think the lenders have no recourse, think about the pull that CPRKSA would have. The answer is none. Dotson does not care about you, or me, or anyone but himself. He has proven this time and time again.

As for me, I am going to let CPRK dance a little longer, and see what happens. Until then, I will do my best to get my ducks in a row as to be in line for the scraps when and if it comes to that.

Good luck Sleep, and everyone else on the board.
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