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Re: webtime post# 64720

Wednesday, 05/19/2010 7:55:41 PM

Wednesday, May 19, 2010 7:55:41 PM

Post# of 83044
I agree with Webtime - There is some hope to recoup some lost cash, but I think its pretty much game over. CPRK is in too much debt, too many people are going to come knocking on the door for their money. I think the shareholders are the last persons to get a peice of the pie & by that time - the pie is gone. The lawyers & accountants are going to come in like vultures & run up the legal bills. Not sure who would provide financing for this company??

Chapter 11 of the U.S. Bankruptcy Code permits the establishment of a shareholders committee to represent the interests of those individuals that own stock in a corporation. The committee is vested with the right to participate in hearings and other proceedings during the bankruptcy case. \


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