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Post# of 83044
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FFF

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FFF

Re: Mogus post# 71302

Friday, 02/25/2011 12:41:59 PM

Friday, February 25, 2011 12:41:59 PM

Post# of 83044
CPRKQ is in Chapter 11.

The debtors have not put forward any type of POR. Nor have they put forward any type of long term financing that appears to be favorable to the shareholders.

An Equity Shareholders Committee (ESHC or EHC) was approved by the US Trustee so the shareholders have representation in this process. This is very unusual in a Chap 11 case.

The ESHC committee has been hard at work and is chaired by ChuckD-MSB who posts here on occasion. I am also on this committee.

The ESHC has reported that they are working to get the information together that would be needed to try and secure financing to bring this out of Chapter 11.

FFF

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