Copper King Mining Corporation fka CPRKQ

[ChuckD-MSB]

I fully agree with you PW about them not paying the taxes, its baffling to me as well.

They have just filed a motion, and it clearly states that they want the judge to deny the DIP

until (1) the debtor reaches an agreement for adequate
protection with the IRS, a secured creditor, or (2) the debtor
obtains authorization from this Court to use cash collateral,
upon such terms as will provide for adequate protection for the
IRS’s interest in the cash collateral

The IRS is doing what they have to do to assure themselves their taxes due.

As far of the amounts they claim, they are estimates, I think its a pretty good bet that they will take far less than the amounts on the documents.

The Davis declaration http://www.copperkingwesternutahminingrestructure.com/ck%2084-1.pdf

states that they are working on it, JB stated it as well to the "steering committee" of CPRKSA

with that said, I hope that the company either files a document addressing it, or references it in any upcoming PR's

I am not dismissing it, I just expected it.