AI
Friday, January 07, 2011 3:02:22 PM
Capted,
Last I heard prior to the BK the lien holders were owed over $30M including interest and penalties. That doesn't include other vendors and employees. So the $12M number is way too lite. I remember at some point thinking that if they actually got a $50M loan it would almost all go to just clearing out debt and we'd still be left with a non-profitable mill.
Honestly, I think the Company needs BK to short change lenders on the interest and penalties etc. to be viable. But short changed on PROFITS is a lot different than short changed on Principle note amounts.
My biggest concern is still that even though this dog MAY actually survive, the Golden rule is going to wipe the smile off our faces. You know, "he who has the gold makes the rules". Whoever has enough money to get this dog running right is going to want a HUGE slice of the pie. I think around 80% and that's only if they can't wipe us out completely. Which, thanks to Chuck etc. I don't think they will. But imagine that they equivalent share structure after the take out financing comes through is 30 BILLION shares. Then what will your shares be worth even with a functioning mill. Even with a functioning mill and a valuation of $500M you're only looking at a penny and a half.
Two concessions:
1. I know people that bought at $0.0003 are laughing all the way to the bank at $0.015. That isn't me though. I was broke long before $0.0003.
2. I also know that people will say, but this is a multi BILLION dollar company, just look at what's in the ground. Give me a Break. Sure it's in the dirt, but it takes a lot of time and effort to go from the $13M company we are today to even a $500M company. Heck even give the company a $1B valuation and you're at 3 cents. BUT, don't plan on spending your 3 Cents any time soon. It's more likely that your grandkids might enjoy it than you. Who knows? Maybe we'll all die of old age before this even comes out of BK.
******
And somebody else asked for some kind of evidence when somebody else suggested that somebody in the start up of CPRK/WUCC merger was a criminal or shady or something. Perhaps these links may help (Scott Wilding was involved with Wilf in the very beginning):
SEC FILE NO. 3-11307
Golf Entertainment Inc. Suite lines 22-28 are most interesting
Last I heard prior to the BK the lien holders were owed over $30M including interest and penalties. That doesn't include other vendors and employees. So the $12M number is way too lite. I remember at some point thinking that if they actually got a $50M loan it would almost all go to just clearing out debt and we'd still be left with a non-profitable mill.
Honestly, I think the Company needs BK to short change lenders on the interest and penalties etc. to be viable. But short changed on PROFITS is a lot different than short changed on Principle note amounts.
My biggest concern is still that even though this dog MAY actually survive, the Golden rule is going to wipe the smile off our faces. You know, "he who has the gold makes the rules". Whoever has enough money to get this dog running right is going to want a HUGE slice of the pie. I think around 80% and that's only if they can't wipe us out completely. Which, thanks to Chuck etc. I don't think they will. But imagine that they equivalent share structure after the take out financing comes through is 30 BILLION shares. Then what will your shares be worth even with a functioning mill. Even with a functioning mill and a valuation of $500M you're only looking at a penny and a half.
Two concessions:
1. I know people that bought at $0.0003 are laughing all the way to the bank at $0.015. That isn't me though. I was broke long before $0.0003.
2. I also know that people will say, but this is a multi BILLION dollar company, just look at what's in the ground. Give me a Break. Sure it's in the dirt, but it takes a lot of time and effort to go from the $13M company we are today to even a $500M company. Heck even give the company a $1B valuation and you're at 3 cents. BUT, don't plan on spending your 3 Cents any time soon. It's more likely that your grandkids might enjoy it than you. Who knows? Maybe we'll all die of old age before this even comes out of BK.
******
And somebody else asked for some kind of evidence when somebody else suggested that somebody in the start up of CPRK/WUCC merger was a criminal or shady or something. Perhaps these links may help (Scott Wilding was involved with Wilf in the very beginning):
SEC FILE NO. 3-11307
Golf Entertainment Inc. Suite lines 22-28 are most interesting
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
