Replies to post #66700 on Copper King Mining Corporation fka CPRKQ

[richard the Realtor]

I figured that the IRS would work with them. The Treasury Department is going to be very busy working with everyone while they try and collect 13 trillion dollars that we owe.

[RDG013]

Chuck, it is really pretty simple here. If we get the DIP financing approved, the IRS is put on hold and if we emerge from BK, we will do so with a tax lien in place and a payment plan. On the other hand, if this is forced into a 7, the IRS primes all others whihc means even the 1st postion lenders would be at a big loss due to the BK fire sale.

So, the creditors have everything to lose here by not pushing for the DIP financing that supposedly has been offered. If most of the creditors get behind this plan, there is no way the judge would chose to allow the liquidation without an attempt to run it with the DIP financing.

Knowing the above, it makes one wonder what the motivation is of anyone wanting a forced 7 by the court, as if that were to happen everyone loses other than the IRS and those with short positions.

[XBladeRob]

Really?


.... REALLY??

If from all of that, I had one question off the bat, it's what the HELL are we going to do for the 12 operating non-cash-positive months, as far as funding operations? What contingency plan is there that if things get worse, we're still in a position to sucessfully recover and continue mining?

Such a lengthy figure, after what we were fed in the past matter of months, and before the BK.

I don't feel very much out of the woods at all, Chuck.

And I certainly wouldn't be talking about "Being afraid to be a shorter"

Honestly, CPRK has made me more afraid to be a shareholder, even to this point, than a shorter.

Calling moves for or against shorters is really just playing emotional sides at this point.