Replies to post #54713 on Copper King Mining Corporation fka CPRKQ

[richard the Realtor]

Tech Resourses limited of Canada if anyone is watching cnbc China is HEAVILY invested in there.

Teck Resources Limited, formerly Teck Cominco Limited, is engaged in the exploration for and development and production of natural resources. The Company's principal products are copper, metallurgical coal, zinc and gold. Lead, molybdenum, various specialty and other metals, chemicals and fertilizers are by-products produced at its operations. It also sells electrical power that is surplus to its requirements at the Trail metallurgical operations. In February 2009, it also announced the sale of its 50% interest in the Williams and David Bell mines in Ontario. In November 2009, Gleichen Resources Ltd. completed the acquisition of a 78.8% interest in the Morelos Gold Project from Teck Resources Limited through the acquisition of Oroteck Mexico S.A. C.V. from Teck subsidiaries, Teck Metals Ltd. and Teck Exploration Ltd. (collectively Teck). In January 2010, the Company and Fronteer Development Group Inc. completed the sale of the Agi Dagi and Kirazli gold projects to Alamos Gold Inc.

[private_wealth]

My view of the most recent 1B shares is that the shares needed to be issued for anti-dillutive provisions from previous lenders. It is one thing to have shares backed by loans, but quite another to watch the value of your colatterral fall by 80% in a few months. They will need to continue to secure the original lenders with increasing amounts of stock, just to keep their equity "kicker" into its original place.

I suspect with no money, the amount of shares that will continually need to provided to these people will become astronomical. Thereby leaving you, the common, holder victimized by the poor financial expertise of one CEO, President, Vice-President, treasurer and secretary.