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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Is there a good CPA in the house? Wonder were I might find one that knows about GAAP requirements and footnote disclosures. Where oh where can i find one. Get your hundred share buy ready!!!!!!!!!!!!!!!!
Mobile, sorry if you did not get a chance to look it up (captive supplier). GAAP requires them to footnote any customers comprising better then 10% of their revenues (concentration risk). Did you see Copi's %. Your clueless and it's not even close to 10%. You can turn a cheek all you want just like Cargo and crew want you to do with the preferred financing and last weeks financials showiing revenue down 20% qtr over qtr.
Cargo, you dont want me calling. If they made money in Q1 08 then there would have been a mention in the Going concern footnote. To me that means their revenues didn't live up to the historical call count billing rates. What you need to realize is that most companies that have the bulk of there revenue coming from one customer/distributor means they are probably a captive supplier. Do you know what that is (LOOK IT UP)? That means they probably can only bill what they are told they can bill thus margins deflated significantly as the customer demands. Do you think for a minute that Verisgn wants to see this make huge profits at Verisgns expense when we know darn well they (Verisign) are getting squeezed on the end (Business 101 LOL). Now you go make that call you mentioned and be sure to report back! Many here are counting on you!
What are you trying to say? Are you making a revenue prediction? Common dooooooooooo Itttttttttttttt! LOL
What are you trying to say? Are you making a revenue prediction? Common dooooooooooo Itttttttttttttt! LOL
Here we go boys. Only 1 bid 2.3 then 2.2 then its 2.0!!!!!!!!!!!
Nite has now moved the ask down and moved off the bid. Lets see what happens now!
Game time is now! News today was about 2 sandwiches short of a picknic. Nothing new was disclosed, the working capital is horrendous after the equity raise and they didn't address the GOING CONCERN (SUNSTANTIAL DOUBT). We now have pressure building on the ask. A close today at or below yesterdays close means we see that 1+ pennies soon. IF they can hold above then it just means we wait a day or two longer for the 1+ pennies. For chits and giggles I vote we nomimate Cargo to buy 100 shares at the close at the ask to hold the fort a day or two longer. Whoswitme!!!!!!!!!!!!!!!!!!!
1+ pennies is coming imo. Revenue declines just announced are only one reasons why. The equity structure is another and lets not forget that the working capital was only $350k three months ago after the equity raise. That working capital might be all eaten up by now. Yikes.
RSI looks horrible and it looks like more declines coming. should be in the mid to high penny range soon. 8o)
So what if its 132 million. If you have not looked lately, the stock is out of control so whats your point? You have been completely wrong here and you should feel sorry for those who bought in much higher based on your day and night posting about how rosey this is. This is UGLY!
Is that a trick question? The number of shares today is short term thinking (like day traders). When you make an investment most folks think long term. Long term looks terrible as to the share count. That is undeniable and irresponsible if overlooked IMO.
Cargo, the number of shares is part of the problem here IMO and I am talking about the preferreds which if converted take this to over 1 billion. I have been very consistent about my postion on that since January. I dont like how they refinanced Cornhole. I was happy with Cornhole out of the picture but in the end the cost to the little guy was Ginormous IMO.
Hi eelfland. That does look possible and I think there will always be some bounces up after the big drops but not sure if those bounces will hold. The stock looks broken and it needs some positive financial news which they may not have at this point. They put the vibe out about becoming cash neutral here in early 08 but I think they are now behind schedule as noted in the recent filing's revenue drop which no one expected. With that in mind I think there is a strong possibility of them doing another equity raise in the months ahead which could be another negative to the already minority common holders. So we will see and just be careful. Best of luck. 8)
MTR, your a funny guy as I never understand any of your posts LOL. I think if you read the financials and look at the stock action then you know the story around here. Good luck to you. 8)
Mr Cargo, I believe it was a good prediction. I think we should be able to both agree on that at least. 8)
Cargo, I disagree. Its different now since then as we now know revenues have declined 20%. Prior to that I believe you were saying they were going up. So it is different now and not the same IMO.
5*, if they dont put out something positive soon then I believe 1+ pennies is coming IMO.
2 pennies is in sights guys. Only a few MM's supporting this now.
Extra, I think what you laid out from the company speaks volumes of what to expect in Q1 08 and also Q2 08. They are behind in expectations they (the company) have laid out. Thats the bottom line.
Kermit, thats my perception of what has been going in here. COPI does not need an IR department with the promotion going on here. Go Back and look at the chart since mid January. We now are hitting lower highs and lower lows since the pump to 11 cents. IMO COPI will without a doubt in my mind break below 3 cents this week unless of course they come out with a blockbuster PR which is highly unlikely given the history here and the going concern recently issued. The financials for Q1 08 will be all telling. Keep your eyes on working capital reductions, continued losses and flat to small revenue growth. If we get that formula then look out as selling will be big here. That will basically mean that they will need to raise more cash at the commonholders expense IMO. Lastly, dont overlook the fact that increasing revenue will cost money in both fixed and variable costs areas. The margins will get tighter and tighter and some of the recent deals could have revenue splitting terms which add to the margin squeeze IMO. Those are just possibilites here as the company has not issued terms of any of these agreements. Lastly, I put the warning out regarding what to expect for Q4 07 when Cargo was yelping just the opposite. Cargo and crew kept mentioning I wanted shares at a lower price when I posted the warnings. Ah OK, you got me LOL>>>>>>>>>>>>>>>
A buyout would be very bad for common holders imo. Preferreds own a significant majority here and they will gobble up the majority of any buyout proceeds. also keep in mind that going forward they can't be dilited but cmmmon holders can if they raise more cash. So dreams of a buyout might really be a nightmare imo, I would cross your fingers and toes and hope that cargo and crew can pump the heck out of this again for a decent exit point. jmo
I doubt Q1 will be huge. If it was huge then they would already know about it and they could have mentioned it in the going concern footnote. So I am thinking it probably is not huge and I doubt there revenues increased 10 x from last qtr. Food for thought.
Q1 08 better be huge or this is toast IMO. They reported a loss on common shares of 2 pennies for the year and this is trading at 3+ pennies now? Going concern (SUBSTANTIAL DOUBT) was also issued in this latest filing despite the equity dilution activity which raised cash. Here is an excerpt from the footnotes:
"Despite these positive attributes of the Company’s current financial position, continuous net losses incurred over the last five fiscal years raise substantial doubt about the Company’s ability to continue as a going concern. Such continuation is dependent upon the Company’s ability to increase revenues, control costs and operate profitably."
There was no mention of breakeven coming that I read at least which is suprising since they put that out previously. Maybe thats due to revenue declines?????????
Working capital was $350k at 12/07 and I would not be surprised if it has turned negative and the next filing will be telling here as well.
So as it stands this is completely a show me company. SHOW ME THE MONEY!! OR LACK THEREOF!! IMHO!!
Revenues were down 20% from the previous qtr. They have to not only make up that drop but then increase significantly to get anywhere near break even. I think this is a show me company now meaning its dead money until we have proof in the financials and you will not see that Q1 08 imo. So cargo I think that means you need to increase your posting to 2X the daily average to draw new investors with predictions that so far have not panned out imho. And lets remember that common holders are relatively small minority owners in copis total equity pie now as well.
Copi's revenues for the Q4 07 actually dropped from Q3 07. Thats not good with the street looking for increases as Cargo predicted. They may increase a little this qtr but expect losses to continue and the cash to be burned further with the possibility of further equity dilution.
Oh my. Losses were huge and this is what all the rah rahs and high fives were waiting for? Cargo you posted a ton about how this was going to be a catalyst event and now I think this looks like more losses coming in the quarters ahead. Gluck boys........
Thanks Pennies
Looks good. Thanks Tony.
Hi Pennies, Could you give me an updated DTMG with your thoughts. It has moved nicely since you last looked at it. Thank You.
Hi Tony, If you get a chance could you please post a DTMG chart here and on Pannetas log. I follow Panneta daily but can't post over there with the free Ihub account. I think its worth a look from the viewers. They have good fundamentals and now technicals are kicking in. TIA
Thanks for trying clay. Stockta has a chart on it and it looks good.
AEPW chart please. TIA and love the group here.
thank you pennies!
Hi Penny2007. Please take a look at DTMG. Fundamentals have turned to the positive and would like your opinion on the chart. TIA
Hey folks. AEPW, take a peek. Its a pure China play and they recently opened a 330,000 sq foot facilty (10 fold increase) and will have 45 new offices in China by the end of the month to fuel growth.
8o)
Thanks Pennies and good analysis. I am looking for a bounce higher after mid to high penny land. 8o)
FDEG chart opinion Please. TIA
Hi Mr Big. Please give me your opinion on FDEG.
TIA
Buy Confirmed on American Bulls tonight. Here it is:
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. It opened today with a gap-up and the day’s activity resulted in a close higher than the open. This is one of our valid confirmation criteria.
We hope that you bought this stock. You should watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.