Comments about ‘Utah copper mine deceived investors with fraudulent claims, SEC says’

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Published: Friday, June 10 2011 3:00 p.m. MDT

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Mr. Romboy, we need to talk. The current Copper King situation is a highly dynamic environment, and I'm concerned that you haven't been presented with all of the facts. In the spirit of full disclosure, I'm a private share-holder, and I've seen sufficient evidence to convince me that this will move forward to become a significant mining concern. Your readers should be aware that the "penny-stocks" (or "Pinks") markets are fraught with disinformation and misdirection, and from countless sources.

I've been deeply involved with this company for well-over a year, and will be the first to admit that its "checkered" past should raise concerns. The SEC allegations appear to be well-grounded and, by the response on share-holder forums, the prosecution is supported by the investors. What is most notableis that all parties named in the SEC action are "long-gone". To the best of my knowledge, Mark Dotson (founder, ex-CEO) still remains as a fellow share-holder, but none of the named parties exert any influence on the future of the company.


Potential investors should also be aware that, under Ch.11 protection, S/H's are now represented before the court by an Equity Share-Holders' Committee, an almost unheard-of precedent-setting development in B/K court. This company's past has been beset by characters of dubious intent, but correcting this has been the Committee's highest priority. This is evolving, even as we speak...

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