Replies to post #68111 on Copper King Mining Corporation fka CPRKQ

[paidmyway]

Exactly, its not the end of the world just because we are now carrying a Q....this is the fourth one for me so far in 2010 and I am riding free shares on 2 of them and at .0031 on CPRKQ so far...number 4 is just begginning...its all part of market trading and where would the fun be if there was never any chance of losing some of the time.....its been a gamble since the first exchange ever started trading stocks.....The EHC is in place to try to enhance value for the shareholders and in the case of CPRKQ, I certainly don't envy then....the job they will have to do here is much more difficult than in the majority of CH11's...in this case they are going to have to not only establish equity, they are going to have to create it by getting the mill back into production.....it is not going to happen overnight, if they can get the mill creating some revenue to finance the NI43-101 compliance reports and establish the real equity, then the share holders may have a chance of some recovery....it is going to take time and dogged perserverence, but it is a job that has good people on board to handle...I have my shares and I have my patience and I have my trust in the committee......isn't it a great day to be alive....as I see it...

Paid

[Colorado1]

That is a fact. Move forward.

The fact is that everything including so called iron clad first liens are subject to renegotiation and outright nullification in Chapter 11. Paid is absolutely correct that the past has very little to do with the immergent companies debt schedule when exiting Chapter 11. Lawsuits such as the PN suit are vaporized, predatory agreements are renegotiated, and the company lives on......

The secured lendors are getting a little schooling in this right now. If anybody thought that having a first lien in a corporation is a guarantee of getting their principal back plus exorbitant interest/fees by foreclosure they are finding out the business world is just not that simple.

If PN thought they could have somebody sign an agreement that forced the company into missteps in targeting the wrong ore bodies....and they could steal the mill by getting the property back it sits on....PN thought wrong.

Lots of shady stuff went on here but what is provable is that the contracts were not fair since they are in writing...the law is the law and it is designed to be fair to all the parties.

CPRK management may have screwed up but so did the other parties and the other parties did it in writing!