Replies to post #77044 on Copper King Mining Corporation fka CPRKQ

[dabard51]

Re: the BOD update of 19 Dec 2011...

It's nice to hear from the BOD. The PR piece, as muted as some have pointed out, does contain suggestions of lines of business for CPRK (sans-Q) as an ongoing enterprise.

That in itself is good for my morale.

The BoD, elected just this year by many of the folks on this board, is certainly more communicative than the previous BoD.

This stock is a VERY risky issue, charitably described as "speculative", and a "corporate turn-around" that is being executed on a financial shoestring under hazardous conditions.

If it does not work out, then the efforts over months of many hard-working individuals will be for naught.

If it does work out, then the company gets to "fight again".

That the current BoD negotiated significantly better asset sale terms with CS for the benefit of the common shareholders under the bankruptcy procedure is a major win (believe it or not) for the common shareholders, as well as for other stakeholders around the company. Major points for that accomplishment.

But, the task is not complete. Now that NEW formal corporate officers have been seated in CPRK, plans can be formulated to make the best of what corporate resources are at hand to move forward. As the update pointed out, being relieved of the debt and having exchanged assets with CS has given CPRK something tangible to work with. Necessarily, plans must be formulated and executed under the strict guidelines of the US SEC for information dissemination... paraphrasing, "loose lips sink ships."

I for one have been impressed with the present state of CPRKQ's recovery from the previous disaster. I will continue to trust the current BoD to act reasonably with the facts and within constraints that they best know.

It is ok to be skeptical. Common shareholders are free to vote with their ownership of the common stock... at least, when the SEC and DTC are satisfied that trading is okay.

So, thanks to the BoD for the update.

All, have a warm and safe holiday season, live long and prosper.

...and beware the risks of cloud computing... :-)