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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Those are OS shares 5. They are not AS which is clear per the filing and contrary to the Theorists. Market cap was increased 500%+ last week on the equity sold. 8)
Whats so silly? I told you at 2.5 that it was going lower and I think you laughed back then. I think this will have a bounce at some point but not until its bottomed. I dont think today it bottomed and in fact it closed near the low of the day. I think some will buy early tomorrow then when that dries up then ???????? If they dont put news out then it will continue to drift lower. Look at the 5 day chart and its obvious. GLUCK and I mean that!
I see it broke the 10 day moving average and next stop may be the 50 day which is just about .012 cents. GLUCK!
Yikes you guys. The stock is doing a head and shoulder thing on the way down (Just look at the one month chart). I suspected this drop would come as it lost the momo. I am thinking there may be a wiggle of a bounce early tomorrow for those who think its a steal then that will dry up quickly and we should see 1.5 pennies +/- by the end of the day IMO. If not tomorrow then later this week barring any Ginormous news everyone thinks is coming. 8)
Thanks Cargo. I hope we hold tight in the mid 2's which is really only down 25% since the equity news was released. With your continued support this might hold here and time will surely tell. 8)
Best of luck to you too Cargo.
Cargo, my point is simply that common holders only own a fration of a company which means they have been diluted. that's all. You can tell us its the best thing since the bread making machine all day if you wish.
Cargo the preferred are more than authorized which is clear. The common holders own 15% of the company today due to more authorized and issued preferred shares which were just disclosed by the company. That fact should acknowledge. Now you raised another good point in that they have another 1.4 billion common shares or an equivalent of preferreds they could issue down the road. That's a lot of wiggle room they gave themselves and I hope they have very good reason to do issue those and if they go the preferred route again then the common holders could actually own less than 5% of the company and the market cap could go to 50 million based on a common 2.5 cent trading price. Time will tell regarding new issuance of equity.
Not only that Eelfand but I think you could also look at COPI and say based on the recent financing that the Market Cap just jumped up another 500% based on a fully dilutive basis. That makes the risk/reward here 15% of what it was just a short time ago and now this likely becomes less attractive to the more savy penny investors. Anything is really possible and the stock may go north with the preferreds in a restricted holding pattern for some period of time although I am less confident since Monday about that happening. 8)
Cargo, I think the dilution factor is now kicking into the price as I suggested last night. Stockholders holding the 120 million common last month owned 100% of COPI last month but now only own about 15% of that some company. There is no denying that no matter what color glasses folks have on that we have just been diluted significantly. The Preferreds are the equivalent of over 500 million shares which just took away about 85% of the pie from us common holders. So the news was not all rosey as most suggest. In addition, IMO if they want to do a significant acquisition then there will have to be additional dilution because a million bucks raised does not buy much these days. AGAIN IMO.
Cargo, I will be one of those people who will buy more shares but only at a significant discount to 2.5 pennies which I believe could be here sooner than most think.
Comments are welcome from friends and foes. 8)
Hey guys, I read through the press release and 8k and I am cautiously optomistic at this point. Yes I agree it was good to get rid of cornell but it sure came at a very heavy price. I mean the company just increased its fully diluted shares by more than 500 million which is enourmous. I realise they are resticted but now a small profit will have to be spread over 600 + million shares and some of those share get paid dividends. Barring a significant acquisition or significant revenue in the quarterlys going forward I think its going to be tough to move the stock knowing they also just sold a ton at a penny. I had hope for a dime but that would now put the market cap at greatef than 60 million which is rich. I guess there is reason to be somewhat optomistic although there seems to be the huge dilution factor that will weigh in at some point in the future. I want to be realistic in what I am reading and invested in and best of luck.
You are right, they are resticted. Wonder how long.
It says they are convertable anytime into 100 common shares. I think they just issued oer 250 million shares. Thats how I read it.
Where does it say they are restricted? I think they can convert when they want.
I hope they did not more than double the OS shares to pay off a couple of million debt?
How many shares to the preferred convert to?
Here comes lift off!
Guys we are on top of Pannetta's POWERSCAN list! I suspect a gap up tomorrow am with anticipated financing news Imminent. GLUCK!
its possible that verisign would want to buy copi out. the market cap is so low that verisign would indeed make out even if they paid multiples of where copi trades. 8)
COPI made it to the TOP of Bill Panneta POWERSCAN today! Last time we more than doubled. Watch the gap up Monday AM. GLUCK!
If they put it out today after the close then we could see a monster gap Monday IMO. 8)
Thanks Braden. I am not worried at all. I think we are going to a dime or better you're a soon. The companies market cap is less than its revenues and they are growing. 8)
Thanks, has anyone spoken to IR about the payoff? Its possible that it is already done.
Has anyone called IR asking when we may hear about the financing cleaned up? I was thinking we could hear about it today or Monday which should move the stock up. TIA
We close green today! News is pending on financing cleaned up. 8)
Lets get ready to RUMBLE!!!!!!!!!!!!!!!!!!!!!!!!
GAME is ON 8)
MM's jumping over each other now. Very positive.
Thanks Cargo, I think the retracement was healthy and now we are in a stronger position to move up. When we break 3s today you could then see a retest of the recent highs IMO.
We are closing better than 3 today guys. The accumulation has started again after the flippers got out. Also I see new mm's bidding today EDGX which couild be a sign of big news coming.
Here comes liftoff again. Only 1 mm then its 3 cents again!
Guys, Nite is on the ask which is not good. Where is the bottom here? WTF
Yikes, I hope we close in the green.
Here comes 4s!!!!!!!!!!!!!!!!!!!!!
Banging .034 now. No float to buy. 8)
Going over 4 for sure and may hit over 5. 8)
Could open at .03 today. Only 1 mm left before .03 on the ask. 8)
Another big long white candle today means we run on Wednesday again.
Here comes 3s.
Looks a litle thin to the 4s as well but I think that falls on Wednesday. 8)
Here comes the next wave of buying. 8)