Eye, you are 100% correct. Revenues do not need to balance the debt load, they need to be able to service the debt load. But I really doubt that CPRK is generating currently enough income to do so. As you all know, Lenders favor businesses that exhibit strong management, steady growth potential and reliable projected cash flow (demonstrating the business ability to pay the monthly interest payments on this line of credit from its projected).
However Lenders normally charge a higher base rate of interest for operating loans reflecting this relatively weaker security position. When you take a look at Bridge Loan Capital Fund, one of CPRK short term lenders, the conditions are as follows:
Terms from 1 to 6 months with optional extensions
Interest typically 16% APY
Fees as low as 2% - average range is 3% to 6%
But for this rate of typically 16% you have to be up to date with your payments! We all can only guess what kind of premium will come on top of this for CPRK.
I really hope for and wish CPRK success, but I would be very careful as a new investor. Too much hype, broken promises and misleading PR’s would scare me. As already said in the Caesars Report: However, we urge the management of this company to strive for more transparency, to (re)gain the trust of its investors, and to attract future investors. All that said, I acquired another 800,000 shares over the last week. But the main reason for doing so was to average my pps down, not overwhelming confidence into the company. So I would like to see more transparency a.s.a.p. I don’t want another PR about new findings, promises. I want facts. Let me know how many truckloads have really reached the smelter and were processed since September, tell me the real value of them. (Re)gain trust CPRK! That should not take too much time to provide these details to your investors.
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