Replies to post #56546 on Copper King Mining Corporation fka CPRKQ

[Colorado1]

3rd party could choose to pay out money

I could as a private party get a loan for the company and by agreement the company would not get the money directly. They would have to bring the bills to me to pay in the order I see fit or according to a plan in place beforehand.

The collateral being put up by the private party is private thus separate from the company.

So the loan is extended as I write the checks. Eloquent and legal.

So this idea that somehow they are going to put this into an account where somehow creditors are going to just suck it out is not remotely on the table.

[RDG013]

Well Reg like I said, at this point in time any new lender coming in that is not wiping out the current lenders is going to be more than aware of the possibility of such a situation. You can have your dream, but do not be surprised to find that (if the rumor is true about this new lender) they have accounted for actions like you are threatening and will have full control of the funds and pay for CPRK's needs out of their account.

It is a simple precaution that common sense tells you anyone with enough assets to put up the collateral for $7,000,000 is going to have themsleves protected from people trying to vulture his money.