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Re: sleep post# 65912

Sunday, 06/13/2010 1:01:40 PM

Sunday, June 13, 2010 1:01:40 PM

Post# of 83044
Sleep,

You cannot make the comparison to GM. The only common attribute they share is both have filed for Chapter 11. When they filed for BK, CPRK had not produced in quite some time. They never, ever, produced an ounce of CUCON at any significant profit margin. Shareholders will be wiped out. I would be willing to bet on it. You and others are going to spend a lot of time, and money on trying to change that fact, and it will all amount to nothing. Wasted time, wasted money, and a lot of heart burn. Lenders will not agree on a plan that drags out their repatriation, nor will they accept a structured payment plan based on the possibility that CPRK can really become profitable at some point the future. They have lost all faith and will not trust you, CPRKSA, current MNGMT, or anyone else to pay them back. They are looking for the shortest solution to getting their principal back. They will do everything in their power to control how and when they are paid back. If anyone thinks differently, you are in for a rude awakening. These guys are ready for a fight, and have the deep pockets to play. Also, FYI, they don't care about interest. Principle is fine at this point. So far as any argument about them wanting the company or being greedy--just not the case. If I were you, I would let the cards fall where they may, and spend your time going after those responsible for putting you in this position in the first place. I am right, you are wrong. Same as before. Watch.

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