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richard the Realtor

07/04/10 10:52 AM

#66244 RE: Candy B #66242

Hello Candy Baby!!!

That's because even though the sec. Lenders may be a leg up on us shareholders in the pecking order. But if this whole thing goes to hell in a handbag. They are in the same boat as us.

ChuckD-MSB

07/04/10 11:19 AM

#66245 RE: Candy B #66242

Candy, there is a table at the very bottom of Doc 137 page 11/11 that shows what they are spending the money on. It shows that $42K is going for insurance, I think the secured lenders just wanted to make sure they were protected. Not sure why they insist on paying it themselves rather than have it come from Altus.

http://www.copperkingwesternutahminingrestructure.com/Dkt%20137%20WU.pdf