Hey Satellite, you are absolutely correct, the true market value is set by which a buyer is willing to pay and a seller is willing to sell for, however in the case of CPRKQ the Wately Group gave no evidence of where the actual market value was obtained from, they have also failed to include any forward looking statements that allow for any future values that may be represented should the mill be restarted and also the potential value of the minerals in the lease holdings. It does seem strange to me that the first position lenders would be interested in maintaining the leases if they do not have any future value. I would NOT continue to pay rent on a warehouse if I had no intention of using it as a profit making facility.The gist of any ranting that I may do on this board always comes down to the same thing and that is, why Wately Group?, and why are they not giving any hope of survival to the equity holders instead of lowballing numbers in order to allow first position lenders extreme advantage by way of immediate CH 7 by the courts. Wately group should be doing everything possible to try to restructure under CH 11 cause if it does go 7 then we lose 100%. From some extenive DD in the past 2 weeks I can see no reason whatever to come in with numbers that are absolutely no where in the ballpark. There is much more here than can be seen at surface and I am not sure I like it. I can always live under the rules of CH11 and usually do quite well but I do have a huge problem being forced into CH7 for no reason other than to satisfy someonelses greed. In this case that appears to be fact. JMO
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