Replies to post #64690 on Copper King Mining Corporation fka CPRKQ

[shiznit013]

My thoughts exactly (although phrased much more eloquently).

[RDG013]

Thunder, my bet is they have financing lined up for them to take this step. Without it, they would almost surely be put into an immediate CH7 at the first hearing. In other words, if they were just using this as a diversion to buy time, they had some time before they had to file for protection. The timing and wording of the PR are very intersting.

[RS500]

Thunderbell, thanks for your analysis, sensible and palusable, I am not holding out any hope that what you say will come to fruition, but those that are left here should not need a huge setllemnt to at least recoupe a good portion of what is currently underwater.

I would personally be well happy if $30-45 mil got divvyed up.
Proly not gonna happen so I tuck this away for at least another 60 days to see if the shareholders meeting happens

[Panson]

Thunder I agree and support your post with a quote from the Watley Website. I hope they are good. MS stated he would call in world class experts. I would suspect Chap 11 is part of the “strategic plan”.

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The Watley Group is a private international merchant banking firm specializing in helping client companies in the following areas:

- Mergers and Acquisition search, analysis, financing, and negotiation.

- Developing, articulating, and communicating a corporate strategic plan.

- Preparing and executing a supporting financial plan designed to optimize value for the shareholders.

- Management Consulting services including CEO coaching, transition management consulting, recommending the necessary organization and assignment of responsibilities for the execution of a Strategic Plan including results oriented compensation and stock plans.
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[FFF]

T-Bell,

2 corrections on your post:

#4. I heard that the filing was done in Nevada, not Utah. I believe that Nevada is more favorable for businesses.

#5. I do not believe that McMullin is a large shareholder. But the other 3 are large shareholders, or at least they used to be. I don't know whether or not they have pledged any of their shares as collateral against loans.

And I totally agree with you that this is a move that had to be made. It may or may not turn out well for us shareholders, but I think it had to be done.

FFF