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Re: CopperKen post# 58164

Wednesday, 03/10/2010 3:35:58 PM

Wednesday, March 10, 2010 3:35:58 PM

Post# of 83046
Ken,

Easy there. Not sowing doubt. Just telling it as I see it. You can and should check into this, but I have found out in conversation with several of the participant lenders that a notice of sale is immenent. The only thing that has held it up thus far, has been internal disagreement amongst the note holders. There has been a time limit set recently for CPRK to make changes, and it is short. If certain criteria are not met in the specified period of time, you will see the notice of sale posted. Now you will say, but, but, some of the note holders have an equity position, and they will never do it. My response is this, their equity positions are currently worthless. I promise that is not a factor. Anyway, good luck to all of us. If the notice is posted, and things are not worked out, then BK will happen within 30 days of the notice. This sucks.
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