Regarding some of the questions and comments over the last few days, I would love to lay out specific and detailed responses but legal restrictions and issues of privilege and confidentiality make it all but impossible. I will point out some content from previous updates from the ESHC that address's some of it in general terms.
"Since its appointment, the ESHC has met with the numerous major constituencies in the case, including the debtors, secured creditors, Nevada Star, and the official committee appointed in Western Utah Copper Company’s bankruptcy case to represent the interests of unsecured creditors. The ESHC has advocated in favor of a plan of reorganization (POR) that will include the interests of current shareholders and that will be supported by all major constituency groups."
and
"The ESHC is in the process of negotiating with numerous parties to obtain support for a global, consensual POR. The success of such a POR is contingent on the ESHC obtaining financing not only sufficient to exit bankruptcy, but also to allow the company to go into production."
and
"The ESHC is involved on a near constant basis in negotiations with parties in interest in this bankruptcy to attempt to further our goals"
AI
