All posts are my opinion and are informational only. Investing in anything I post about is at you own financial risk!
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Level 2 looks horrible. Copi closed with one bid at .007 followed by one bid at .0049 then only 1 at .003. This is as bad as I have seen it and with December coming it could get worse IMO. Double freakin YIKES!!!!!!!!!!!!!!!
Guardian, he thinks its still coming LOL. Well maybe someday hethinks. 8) The stock is in the crapper as all the billions of call counts amounted to less revenues than last year. Year over year revenues are down, year over year expenses up and fully diluted shares exploding exponentially from last year. Not a good formula to the astute investor and these details are in the companies own filings. 8) LOL
Stock down 23% after earnings released. YIKEs I think the public at large is beginning to say that they dont care about whats coming down the pike anymore. I mean we keep hearing about how next qtr will be better but when the sec filings come out the facts are clear that revenues are not increasing, expenses are increasing, fully dilutive shares are increasing, cash is decreasing, equity decreases until they sell more shares. You get the picture? I think the reality check is in and the stock may tick up here and there but overall this is in the midst of the next leg down IMO as it has underperformed versus the great expectations we here over and over again here. 8)
Mokyo, all the hype about the call counts increasing by billions obviously was way over blown. The proof is in the SEC filings with the headlines of revenues down and losses up. How can that positive. What a shame. 8)
Wonder who sold at less than 1/2 penney before the Q3 results? Seems like someone may have known the results were not going to be good again. Makes you wonder????????????????
8`)
It will likely get cheaper. The headline is revenues decline and losses up since a year ago. I told you this might be what we get for Q3. Its like Deja Vu with the qtrly's around here over an over again. 8)
"Revenues for the three months ended September 30, 2008, decreased $28,548 or
5.6% to $480,642 as compared with revenues of $509,190 for the corresponding
period in 2007. This decrease in revenues was mainly attributable to lower
revenues from the Company's principal product, TeleBlock(R). We believe certain
industries within the Company's current customer base have contracted due to the
current economic environment."
YIKES!!!!!!!!!!!!!!!!!!!!!!!!! How bad will the contracttion be? Where are the new customers? Are customers now leaving? How much more equity do we need? Cargo please do you know?
You talk about a business plan? What the heck is the plan, when was it put in place and what have they accomplished? I remember seeing in the last qtrly that they were changing their strategy AGAIN! I guess I don't blame them if prior plans and stategies dont work but cash continues to burn and equity has evaporated while they keep changing plans! 8)
If Q3 comes in flat or worse than Q2 then the tax selling could begin early this year for copi imo. It is time to show us the money and no more excuses and no more wait till next year stuff! All imo 80)
What r u talking about. They have never been profitable and no ramp up of sales reported these last 12 months. And to say where they will be years from now is pure speculation. I believe you said they would be profitable Q1 08 but that never even came close. They have burned through alot of the funds they raised through diltution and now are likely in a net deficit position with negative equity. There is no doubt there will be more dilution to the minority common stuck holders IMO. The new contracts this year have shown NIL to the top line over the last 12 months and I think this qtr could have less revenue than last. What a hoot that would be. 8)
Also, I thought you put me on IGGY, LOL ?
LOL, this is funny. This company has revenue of just over $30k a week and its a public company losing money. I know ice cream shops that do multiples of that and the proof is in the filings. I can't wait to see Q3 and if the revenues are less than Q2 then look out below!!!!!!!! 8)
Wheres the beef? This is bangin sub penney again and no announcements of acqusitions? I don't get it Cargo, where is the beef thats been expected? 8)
I think there is a strong possibility we see revenues down this qtr versus last, further cash burn and even a deficit position with regard to equity (YIKES!). It will be tough to over look that situation if it plays out that way soon IMO. That will be one strong dose of reality for everyone here. 8)
Dow up 100+ points and Copi down almost 20% yesterday. Hmmm I dont think you can blame this on market conditions. Read the financials issued to date you will know why this is down. As of June 30th, they reported significant cash deteriation, flat revenues in light of increased call counts, and virtually no equity (something like a measly $17k YIKES). Know what you own dudes and the hype and speculation means nuttin. LOL
Of course there has been erosion of revenues. Call counts up big with virtually no impact on the financials so this can only be interpreted to mean they earn less revenue per call (Thats PRICE EROSION) in case you dont understand. This is not rocket science Mr Cargo and you of all people should understand that. LOL 8~)
Happy dude. Thats exactly what he thinks. They want everything to look rosey and if you question anything be prepared for the Wrath. LOL Anyway as I have said many times, the proof is in the financials filed with the SEC and to date they report continued losses, declines in cash and equity was just about NIL at 6/08 hence the recent dilution which was only a short term plug in the boat IMO. Common holders own a very small % of this compnay and you never hear that discussed here and that is a huge problem in the long run IMO. 8)
JJ that sounds rediculous and that was from COPI Management? Most compnanies promote in advance of a roll out to generate some excitment and pent up demand so I don't buy into that one bit. 8)
I think this is heading sub penney again. They keep getting contracts and call count additions but revenues are flat and may even decline as soon as this qtr IMO. Did anyone ask if this deal that Verisign inked will end up in a decline of fees on a cost per call basis? I mean did Verisgn give in to get a little more business? I noticed that was not addressed in the 8K. Too many loose details IMO. So now we have another carrot dangling again as we have in the past. I am still looking for that acqusition they are dotting the I's and crossing the T's with LOL 8)
Doji 4 with $1,000 in volume trades. I think you read it wrong. To me it looked like a bearish Harimishy with a toad lilly padder. I think it means its bearish. LOL
Why no PR and only an 8k? My guess is this really will not do much for revenues like the other deals and the financials will likely prove that.
Don't forget about the preferreds and tell us what the calcs look like on a fully diluted basis. I think you might get sick after a recalc. LOL
Bottom line today is a LOSS. The last 12 months of new deals , agreements, strategy changes and refinancings and we really have seen only negligible improvements from operations at best. And now we hear about alot about "hopes", "may happens" and big names being thrown around here. I think its more like a sign of desperation with the stock tilting to lows we haven't seen in a year. Also, I think the chatter from folks who bought at 7 cents, 5 cents 3 cents and lower and they keep claiming to be adding more cheapies is quit comical. You can have them all and don't be suprised when we start trading at .005 or lower soon IMO and maybe you can buy all the minority common float LOLOL 8)
The point is that they have made other deals with virtually no impact to revenue for the last 12 months (thats a full year!) so the "Probabilites" of increasing revenues with this deal are not good based on historicals. I wonder how much the revenuies on a per call basis will drop this qtr. That issue impacts all deals in place or as they renew IMO. LOL
Who cares and this will probably have a negligible impact on revenues just like the other deals. This will be heading deep into sub penney land if they don't have anything decent announced soon imo. 8)
Wait till the hits starts bangin .005. LOL
Cash is probably being depleted and now they need another $300k. It could also mean they blew the other $300k already. Anyway you slice it if it was for an acquisition then it probably does not go to far as its not enough for any successful business to be purchased. I mean $300k buys you a small ranch in Connecticut these days and the interest rate is double any mortgage rate. Well if they do a real acquisition going forward then I would suspect the company will be recapitalized which could then mean the minority common holders then only own a fraction of what they own today IMO. Thats my opinion and I do expect further dilution likely right after the Q3 results come out. 8)
Why do you say that? They borrowed $300k at a 15% interest rate which rivals a junk bond rate then also threw in 2 mill free be shares to get the money. To me it "sounds like" cash flows are again not good 2 months into Q3. You could read into this that maybe Q3 results are sub par again IMO. We knew more dilution was coming after reading the facts in the Q2 report and I think they will need to borrow or sell more stock again right after the Q3 close. Not good IMO and as I expected. 8)
MTR, you state no dilution? Dude 9 months ago they did a Ginormous amount of dilution to the minority common holder. It was so huge that the common holders now own less than 10% of the company. You need to read the filings and keep in mind there will likely be another round of dilution with no equity left as of June 30th per the last Qtrly. READ THE FILINGS. KNOW WHAT YOU OWN. LOLOL
LOL. O13s cummon dude this is going sub penny as no real newz expected anytime soon IMO. No different than the last 9-12 months. Bid is only 011 then 01 then 009 and lower from there. LOL
Going sub penney again soon IMO. Yikes.
Revenues are even with December. What do you mean way up? Thats completely false and rediculous based on the facts in the filings. Try again dude! 8)
Ya a whole $25k worth of stock traded for the day. lol
Must be some Ginormous investor trying to get in cheap LMAO. This will be sub penny again very soon IMO. 8)
25 cents LOL. After how many reverse splits? LOL
On the contrary. You could easily argue that at a penney this is expensive. You talk about a preferred price at a penny to common. On a fully diluted basis and after all preferred conversions, warrants and stock options exercised we have something like 1.3 billion shares of common stock equivelants out there today (or somewhere in that ballpark). That pegs the valuation of this business today at around $13-15 million which is very rich for a company that never made a profit and with anemic revenue growth the last few quarter couple with no equity as we speak and cash dwindling down. I think if someone was ever interested in buying this business today that you could see a valuation of 1-3 times sales MAX imo. That would equate to something less than .002 pennies to .005 cents today all IMO. Actually companies that lose money and continue to miss on the top line actually get punished and trade at a discount where this looks to me to be trading at a premium. Now dont overlook that there will be another equity raise soon meaning on a per share basis we see lower numbers IMO. 8)
Nice find Col Brewer. I sense desperation kicking in with the twisting of the facts in the filings. Its obvious he does that to attract buying but thank goodness there a few folks offering some balance to this rentless unfounded nonsense. I hope he replies to your post and can see why he didn't LOL. Maybe one of the other stuckholders will respond on his behalf. LMAO
LOL, you did not read what was posted but offered the typical over the top reply lol. I pointed out what has been speculated incorrectly in the past which you are very aware of, posted the proof from the SEC filings COPI themselves filed and then you add some really juicy specultive stuff going forward. YEHAW!
Word of wisdom for you and the other longs knowing there is real money on the line for many involved: Try your best to think with your head and not your heart. Many folks have their hearts dead set on this because of the speculative posts offered in the past and these same folks will bypass the obvious signs of the weak results and financial position reported within their own heads.
I eagerly await your reply, LOL and will offer some more words of wisdom as well as some facts from the SEC filings. 8)
Proof is in the filings and predictions of more revenues are purely speculative as we now know that more call counts dont necessarily = more revenue with the revenue per call on the decline. Other speculative posts in the past included profits in Q1 and Q2 08 which never materialized with little to no growth in revenues. Let's not forget about the acquistions that have been coming for 6 months now but no where in site. What we do know per the SEC filings is that revenue growth is anemic with the additional call counts and increased marketing activities and they have burned through quit a bit of cash and they virtually had no equity at June 30th. Thats proof and not continued speculation. Speculation on my part going forward is that the cash burn increases, an aditional equity raise is coming short term and revenues actually decrease over the next 2 qtrs. We will likely see some or all of those in the SEC filings going forward therefore I believe this is an extremely risky investment for the minority commonholders, all IMO 8)
Its called more overhead and cash burn and in no way means sales are heading up especially if they hire janitors and admin type staff like secretaries etc....So far COPI has been unable to increase sales even with more marketing efforts which means this is a lame duck IMO until they prove otherwise in the SEC filings. Keep in mind equity is nil to negative and cash has likely decreased significantly since the June 30 stale filings. 8)
Ya but many of the other technical indicators are now pointing lower. Couple that with the underachievments to date with the prior business plans and deteriated financial position from the last quartrly and this is setting up for sub penny imo based on fundamentals. 8)
You keep adding and dont worry, there will be plenty of shares available to buy at reduced prices IMO. 8)
Cargo, its every companies goal to sell to the biggest companies in the world. Did it take these guys years to figure that out and now its really a new strategy or is that just another message to us all they have been unable to do so to date but continue to try? Good grief man maybe they should tell us that they buy their toilet paper from Procter and Gamble and then you can tell us about what a great move that is that they are buying from the biggest toilet paper manufacturer in the world. That will motivate some newbies to buy in maybe? LMAO