Replies to post #75970 on Copper King Mining Corporation fka CPRKQ

[RDG013]

So, we are screwed? Whatever the strike point is, the bet would be it will not be worth it if JB is still pulling the strings! I thought we got rid of him with the vote!

[fpga]

Excellent first step! Kudos to ESHC.

Stalking-Horse Bid

What Does Stalking-Horse Bid Mean?
An initial bid on a bankrupt company's assets from an interested buyer chosen by the bankrupt company. From a pool of bidders, the bankrupt company chooses the stalking horse to make the first bid.

Investopedia explains Stalking-Horse Bid
This method allows the distressed company to avoid low bids on its assets. Once the stalking horse has made its bid, other potential buyers may submit competing bids for the bankrupt company's assets. In essence, the stalking horse sets the bar so that other bidders can't low-ball the purchase price.

Read more: http://www.investopedia.com/terms/s/stalkinghorsebid.asp#ixzz1VpTQ3K1p

[Hound Dog]

What does this mean to the average joe shareholder? i mean what do we get here, doesn't seem well explained in the press release.

More specifically i don't understand
"issuance of an equity interest and warrants in CS to Copper King"

this is what Wikipedia has to say about warrants and equity interest.

In finance, a warrant is a security that entitles the holder to buy the underlying stock of the issuing company at a fixed exercise price until the expiry date.

the question that begs an answer is "are they buying our stock" so we don't own it, any more, now with no chance for dividends or stock price growth, and if so how much for each?

Do we still retain our current equity (stock) positions with the current share structure with no changes?

the press release states that CS owns the company (not the stock holders)

Cant find CS stock with symbol TY. but if it does exist will we be issued that stock?

you say there is a break up provision for 600k. what does that mean...600k for all the shares of CPRK??

please help us who obviously don't get what really happened.

it is very disheartening to have read the press release, published court documents and comments to this point (3am) and still not have a clue as to where we stand on our own personal stake in CPRK.

Please help us better understand were we stand in terms, words and an explanation that makes it clear to the average joe

Warrants and options are similar in that the two contractual financial instruments allow the holder special rights to buy securities. Both are discretionary and have expiration dates. The word warrant simply means to "endow with the right", which is only slightly different to the meaning of an option.

An equity interest is an ownership interest in a business entity, from the concept of equity as ownership. Shareholders have equity interest; their purchase of shares of stock in the corporation gives them a share of the ownership of the business.