Copper King Mining Corporation fka CPRKQ

[Colorado1]

That is a fact. Move forward.

The fact is that everything including so called iron clad first liens are subject to renegotiation and outright nullification in Chapter 11. Paid is absolutely correct that the past has very little to do with the immergent companies debt schedule when exiting Chapter 11. Lawsuits such as the PN suit are vaporized, predatory agreements are renegotiated, and the company lives on......

The secured lendors are getting a little schooling in this right now. If anybody thought that having a first lien in a corporation is a guarantee of getting their principal back plus exorbitant interest/fees by foreclosure they are finding out the business world is just not that simple.

If PN thought they could have somebody sign an agreement that forced the company into missteps in targeting the wrong ore bodies....and they could steal the mill by getting the property back it sits on....PN thought wrong.

Lots of shady stuff went on here but what is provable is that the contracts were not fair since they are in writing...the law is the law and it is designed to be fair to all the parties.

CPRK management may have screwed up but so did the other parties and the other parties did it in writing!