Replies to post #70219 on Copper King Mining Corporation fka CPRKQ

[Superfly15]

90% of companies have debt...POINT IS?


First it was Chapter 7...then it was something else...then something else...now it's harp on debt. Does money grow on trees or something?? Whoever finds it,let us know where the money tree is so we can fill our own wallets and help CPRK with free money as well.

Debt is cheaper than equity in terms of WACC, study capital structure...

[trueblue]

I really don't think being negative about cprkq will scare anyone away. Anyone that is invested at this point has read and read and read, and done their DD. I have seen the mill twice and the mines, met lots of folks in Milford. The minerals are there, the leases are there, and one decent loan from one group would clear off all debts into one. With money for operations! I guess most of us will just sit here and wait. I see the references posted about other promoters by you. Maybe we should all talk about our past? I'm sure everyone here would like to know what we have done or achieved? Of course all is only my opinion nothing more!
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[Mtn Mark]

I know of one convicted scam stock promoter that was involved in this stock years ago. I hope he still isn't involved.

Please provide your proof on this statement.

[skysurfer32]

Capted,

Last I heard prior to the BK the lien holders were owed over $30M including interest and penalties. That doesn't include other vendors and employees. So the $12M number is way too lite. I remember at some point thinking that if they actually got a $50M loan it would almost all go to just clearing out debt and we'd still be left with a non-profitable mill.
Honestly, I think the Company needs BK to short change lenders on the interest and penalties etc. to be viable. But short changed on PROFITS is a lot different than short changed on Principle note amounts.
My biggest concern is still that even though this dog MAY actually survive, the Golden rule is going to wipe the smile off our faces. You know, "he who has the gold makes the rules". Whoever has enough money to get this dog running right is going to want a HUGE slice of the pie. I think around 80% and that's only if they can't wipe us out completely. Which, thanks to Chuck etc. I don't think they will. But imagine that they equivalent share structure after the take out financing comes through is 30 BILLION shares. Then what will your shares be worth even with a functioning mill. Even with a functioning mill and a valuation of $500M you're only looking at a penny and a half.
Two concessions:
1. I know people that bought at $0.0003 are laughing all the way to the bank at $0.015. That isn't me though. I was broke long before $0.0003.
2. I also know that people will say, but this is a multi BILLION dollar company, just look at what's in the ground. Give me a Break. Sure it's in the dirt, but it takes a lot of time and effort to go from the $13M company we are today to even a $500M company. Heck even give the company a $1B valuation and you're at 3 cents. BUT, don't plan on spending your 3 Cents any time soon. It's more likely that your grandkids might enjoy it than you. Who knows? Maybe we'll all die of old age before this even comes out of BK. :-)
******

And somebody else asked for some kind of evidence when somebody else suggested that somebody in the start up of CPRK/WUCC merger was a criminal or shady or something. Perhaps these links may help (Scott Wilding was involved with Wilf in the very beginning):

SEC FILE NO. 3-11307
Golf Entertainment Inc. Suite lines 22-28 are most interesting

[SATELLITE]

I will give you an honest answer, as of today i do not know.

Allow me to explain, since BK was filed the DEBT. game has changed, someone that was owed a 1mil could settle for 200k does that 800k count as debt, not anymore.

I remember one of the org. loans for 7mil and it had balloned to 30mil, well if they settle for 10mil, then 20mil debt just vanishes, lets wait and see what happenes before just guessing at what the true debt is.

So until this whole BK issue is resolved only the INSIDERS know what the true and actual debt is, and they are not allowed to disclose that information at this time.

Your answer will be answered when and if CPRK(Q) comes out of this.

GLTA Longs