is...2 busy vacationing full-time 2 (put something here)
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Volume picks up on most downticks...
There may be a few more shorters playing here.
High volume, on a big down-day is a good sign.
Today's volume is more than triple the average
for the last 2 weeks, for this early in the day.
And taking advantage of the end of "The Uptick Rule" ,
that used to slow down shorters, for 70 years, but not now.
If the longs don't buy more copis,
and faster than the shorters short,
they may take copi down to .040 today, or lower.
There are not too many bids left at .050 or even .045
Wonder why the advisor quit recommending copi today.
Hopefully, busy working on the next pick.
Definitely a factor,,,
Way to much hopeful posting, leads to overpricing,
All buyers have already bought more than they could afford.
A 50% drop is very possible.
And, more than 15 posts per day is only needed for pumpers.
working extra good...
The secret advisor indicator has been right 8 times in a row.
Already almost half-way to a double from .071
Looks like 2 weeks to .035 is a good possibility.
Shorters post here to help swvc go down to its actual,,,
constantly diluting value, because that's how all markets
work, after ALL factual information, positive AND negative,
is posted. And, there is some personal gain for the shorters
as the bias of positive hoping, is balanced by known negative
facts, and the market price of swvc drops to its true value.
The market always corrects stocks to their true current value.
Shorters + option players, and their balancing posts, and
investments, just speed up the process. Pennys + pinkys can
get their prices hyped way out of whack, until the shorters
arrive, and correct the price, and take the artificial
extra-hype temporary over-value off of the table, and make
quick + riskless profits. When the price is corrected, the
shorters + option players leave. But they keep watching.
Just to make sure that the whacks don't come back.
Hard to argue with those facts, except ,,,
for the current shareholders to retain their 20% stake,
they must buy up every new swvc share that floats in,
whether it be from old + new toxic CD conversions, or just
the normal printing + dumping of brand new shares.
Because that 5x-Super-Toxic "Preferred" is always
equal to 4-times the total of all floating swvc shares,
no matter how much they increase, for any reason.
And, new 'acquisitions' will make it much worse, because
they come in with their own load of toxic CD's, and
they will cost additional cash. Which swvc does not have.
But, they can get some, if they sell some more newer
toxic CD's.
The only problem with more new CD's is that each new one
will be a worse 'deal' for swvc shareholders. Just like
the terms for a third mortgage are always worse than the
previous 'deal' for the second mortgage. Especially,
if you have less than zero income, and always did, and
don't project ever having income, because the recession
just started. [And, the CEO gets paid way too much.]
Has anyone asked the CEO why he does not just cancel those
5x-Super-Toxic Convertible Preferreds of his? Since swvc
is sure to grow into a $1 Billion Conglomerated Holdout
Company, he does not really need them. And, if he would
just return them to the faithful long shareholders, they
would all be 5-times richer. And, all the shorters would
go BK, overnight.
cargo; copi's s/w is not too 'advanced' ,,,
to be enhanced + over-patented by many small
and large real companies, as soon as they think that
it might be profitable, which It Is Not, so far.
Also, the companies most likely to do it, fast, and
almost overnight, are the real + profitable companies,
with the most insight into the deficiencies of copi's s/w,
and who currently 'partner' and/or rent the current
~beta-level copi 'product' .
Also, most of the largest spamming telemarketers are
off-shore based. And don't care about U.S. 'DNC' laws,
and never did, and never will. So, why should they pay copi,
or anyone, for blocking calls to their 'best customers' ?
copi needs more than a few 'back-ups' to their
single-product 'business plan' . And, any 'company'
that gets 80+% of its revenue [not profit], from
only1 very much larger real company, is not planning
to last very long. Just check the histories of GM + IBM + MS,
and their extinct 'business partners' .
copi is a perfectly situated short. Never a buy-out, ioo.
GLTA
Anytime the CEO converts his "Preferreds" ,,,
he owns 80% of all swvc shares at that time,
even if he has to vote [all by himself]
to increase the number of Authorized Shares.
And then, he can vote [all by himself],
to 'authorize' more "Preferreds" for anyone, or only1.
And, this plan appears to be all legal. Who knows, or cares?
But, it is all fully documented in the PR's + Filings,
since swvc is not-quite-pink. We all like that.
SEC oversight is nice.
And, since he did it before, he can probably do it again.
And, everybody even likes it. Especially us shorters.
At least we all are totally sure that swvc will never
have to worry about a hostile take-over.
And, swvc is definitely very valuable, for the CEO,
and us shorters, and a few lucky flippers, and insiders.
wifi is a near-perfect investment...
Just wait for an annual Reverse-Split,
and or name+symbol change, then short it,
after it drops 20-50%, to minimize risk.
No rush, because it just keeps dropping, after re-stabilizing,
for an almost guaranteed double, within 1-2 months.
It still works, after 12 years.
Who knows who keeps buying any.
Must be a constant stream of new long unvesturs,
who only read PR's.
And, the PR's [only] are great,
if you have not previously read them.
Most are recycled, some with slight changes.
wifi [ or whatever it name is, today ]
is our most reliable short.
Like an annual Christmas present.
And, you don't even, ever have to send one back.
Why does Tom need to own 80% of the o/s? Good Question.
As long as he owns 50.1%, he can vote himself more, anytime.
And, every dilution is multiplied by 5x ,,,
until the 5x-Super-Toxic "Preferreds" are Cancelled,
at Zero cost to the longs, who keep paying for them.
Really, 'what a "pump" ' . $93-worth of TMMIs traded this week,,,
and dropping. $0 'traded' today. Better luck next year.
swvc's 5x-Super-Toxic "Preferreds" are 5 times worse than all other toxic 'deals' swvc signs into, Combined, and Forever.
Also, regarding 'hostile takeovers' : 50.1% is way more than
enough, for Any Real company. But, Tom voted himself 80%.
Does anyone know why? Or have a believable guess?
We shorters know why. And, we're not guessing.
And, we don't do 'dd' , by reading only PR's,
full of flowery plans + schedules. Or, by calling and/or
eMailing the exact guy we are trying to verify.
But, most of us really know better than that.
And, very few of us buy Rolex watches from a guy we just met,
wearing an overcoat, in summer, who has as many as you want,
because he says they are all guaranteed, forever.
Still waiting to hear the answer to :
Why does the swvc CEO need 80% of all swvc shares, that may
ever be printed, and/or converted, forever?
It's 'print 1 + pocket 4 more' ,
when 'print 1 + pocket 1.01' is more than enough.
Unless, there is 'the PR plan' , and 'the Real plan' .
One would think that swvc investors would want to know any
real, or at least believable plan, that explains All of the
independently known facts about the 5x-Super-Toxic Preffys.
We shorters are funny that way. Especially near pennys.
The 'fully diluted' Today, is over 5 Billion,,,
because, for every swvc share Out, there are 4 More In
the CEO's special 5x-Super-Toxic "Preferreds" .
We have never heard of Any pink CEO ever doing that.
So, why did he do that? All by himself, with only1 vote.
And no outside swvc shareholder could vote against it,
or anything, ever.
And then, he signed up for 3 more toxic 'deals' ,
which will lead to further massive swvc dilution. And, when
it does, his "Preferreds" further dilute by another
Super-Massive 4x. [Even the wifi guy doesn't do that.]
But, even worse, he's about to make swvc 'acquire' some more
already-toxic 'companies' , probably with even more
toxic financing [because swvc has No spare cash, and
can't use Any 'Inventory Loan' cash to buy more toxies].
And then, after all those additional new swvc conversions,
he multiplies all of them by 5x. All 'approved' by
his only1 vote.
And, no believer in swvc has refuted any of these most
probable facts, except to assume that the CEO would
'never convert' his "Preferreds". If so, and if he knows
that swvc is a sure winner, just ask him to cancel his
ever-growing pile of convertibles. Or, at least cancel
all except the very first bunch, so they don't keep
growing by 5x, every time he votes [all by himself]
to add or acquire more toxies.
To us, the 5x-Super-Toxic "Preferreds" are the only fact
that counts, in deciding to short swvc. No CEO needs to
keep owning 80% of a successful company, at no additional
cost, unless he plans massive dilution, for a long time.
Does anyone have any facts to refute this probability?
We are all here to make money. To some of us, the facts
about the very unusual, always-80% "Preferreds" , are much
more important that all other 'dd' , based on belief in
the CEO, and his plans + schedules. [Just check znxt.]
copi is a very-low-price stock that trades like a pink,,,
because it looks like a pink, in all of the most important
ways, that fully characterize pinks.
1] Never made a penny profit, or ever paid any income tax.
2] Ridiculously huge amount of shares, that keep increasing
3] to pay for 'executive' salaries + to offset growing losses.
4] Toxic 'financing' + much larger 'fully diluted' share count
5] when conversions are added in. And, they will add in.
copi is especially over-priced now, since it was recently
pumped up by 9x, for no real news-worthy reason. But, the
pump peaked, and dropped 20%, and is now stalled, with
Decreasing Volume. The perfect storm, for shorters, only.
In addition, on average, all pinks lose 90% of their share
price, every year, since pink prices were first tracked. So,
for shorters of pinks, or pink look-alikes, like copi,
'the trend is your friend' . Just wait a year, and the price
will probably drop by 90%. If it accidentally goes back up
a little, [after the pump peaks + drops], just cover for a
slight loss, and short again after the next nearby peak.
Works almost every time. Because Of The Long Term Trend
Of -90% per Year, for Almost All Pinks.
But, it works much faster, with much less risk, and for a much
bigger profit, right after a news-less pump of 9x, like copi.
Especially when validated by the recent buys of key buyers.
GLTA
If you buy at .071 or higher, they could be our short sales.
We will rebuy them at ~.045 in 2-4 weeks, when many will be
selling. Over-priced stocks correct themselves much faster
in the last few months, since the annoying "Up-Tick Rule"
was cancelled. It used to slow down us shorters. But, now,
we can keep shorting, all the way down, without waiting for
upticks. [Many believe that in the old days, shorters used to
short big, and buy a little, to cause an uptick, and then
short big again. But, that's not necessary any more.]
fenian is correct. That's why swvc .005 is coming soon.
And, the probable 2-man deal was insignificant, compared
to the 1-man deal, for 5x-super-toxies, that only
required 1 vote 'for' , and nobody else was allowed to
vote 'against' . And, it can happen again, any time.
Probably after the next toxic 'acquisition' , which also
will only need 1 vote.
Looks like swvc is headed back to the .007s ,,,
and, when it hits .005 , the new toxics are triggered.
And, the CEO won't really mind. Because, every time
1 toxic share converts in, he gets 4 more added to
his own personal toxic "Preferreds" .
'Fully Diluted' share count is way over 5 Billion now.
Plan on 10+ Billion by summer. Especially if there are
any more toxic 'acquisitions' . Or, a new 'series' of
super-5x-toxic 'Preferreds' , for friends + family.
Also WF has Not loaned swvc 1 penny. And, If they ever do,
it will be at least 2x collateralized by brand new
inventory, at wholesale/liquidation prices. And, watched,
very carefully, by WF. If swvc tries to divert Any of the
inventory loan cash, it's curtains for swvc, in 1 day.
And, possibly, the suspension of swvc trading, the next day.
copi fans post when they buy or sell, sometimes...
We do the same, sometimes. It's only fair,
and it balances the board, by providing both sides
of the real story about copi. With both sides of the
story, the stock trades more sensibly, and corrects faster.
So, it's not a warning. Not any more than posting that
Bush may sign a bill that everyone knows will be signed.
In fact, when 'the news is out' , after Bush signs the
bill, [that he himself asked for], copi will probably
lose another 10-20% within 1 day. Could be tomorrow.
Let's see what happens. GLTA
Besides, copi is the only strong 'recommendation' right now.
The 'secret advisor' has had no other new picks for weeks.
copi is a sure winner. And, just recommended.
We are on a can't-lose streak, that started
with a multi-year fan of paim [now znxt],
who always buys in, right after a newsless 200+% jump.
It seems that someone is feeding backwards info to a few
others, who always run with it, until they run out of cash.
To minimize risk, we wait until the pump peaks,
and then drops 20%. Then, we short, and cover within 4 weeks.
We've had 4 quick hits in a row.
By the way, even after we cover, the stock does not recover.
It just keeps sinking back down to where the pump started.
But, not fast enough for shorters to keep doubling
within 4 additional weeks. So, we think it's too risky
to hang around for a long time, as the bottom of the dump
is slowly re-approached. GLTA.
We only short pennys, like copi. But, not in the U.S.
Exactly the same way Hedge Funds do it.
They have the minimum risk, and move fast.
Typically, we cover in 2-4 weeks, for ~50% profit.
Pennys are shorted worldwide. We prefer the Caribbean.
You really should do some DD, before attacking others.
copi is a great short, right now. The pump is stalled.
And, 20% below the peak.
We've moved to copi also.
Shorting at .071 or higher.
Plan to cover at 0.045
within 4 weeks, or sooner.
TMMI +'s vs -'s are in a cat fight at RB...
70 posts in 12 hours, ended at 5am. Too funny.
They'll probably all be erased in a few hours.
It seems clear that TMMI is just a pump&dump.
And, not a very good one. Near zero volume.
And, years between attempted pumps. But, we've
never seen so many old timers in one place.
At least 5 of them have been using the same
aliases since 1999-2001. And, almost all their
posts are TMMI pumps.
janice: What IS the story with TMMI ?
Seems very strange for a zero 'company' to be
pumped for 10 years, by so many old-timers.
Unless they are all 1 guy, with 10 computers.
copy is Not quite 'full disclosing' ...
They 'forgot' to post the total text of their latest 3
toxic 'Preferred' deals, and who knows how many other
deals + things.
And, they forgot to post the news about the conversion
of those 7x-sweet "Preferred" deals.
But, that's OK. Only us shorters care about those
kinds of critical facts.
Many have benefited from outsided's ,,,
shortsided insights, and the longs he follows.
Probably why they have many marks.
" A bad or “toxic” financing takes the form of a financial instrument that is convertible into common stock at a specific discount to the bid price or average bid price over a specified time period. "
Which is EXACTLY THE CASE WITH COPI, ioo
Because, the COPI insiders [and ZERO OUTSIDERS]
just got "Preferreds" that are 'convertible'
at $0.01 , while the 'stock' is trading at $0.07
Good deal for them = Bad deal for all else.
Is it really possible that only we 'noticed' this ?
If so, oh well. We have a little work to do,
before euOpeners. cUall soon.
Re: PLEASE DOCUMENT EXACTLY WHAT PR'S YOU ARE REFERRING TO, AND TELL US WHAT UNDERLYING FACTS ARE GROSSLY LACKING SO THEY CAN BE DEBATED PLEASE!
Apparently, you skipped over the answer to your concern,
which was conveniently included right after the partial,
and therefore, not meaningful out-of-context quote.
You saw + re-printed the first part of the full statement,
which was the set-up, for the important part.
So, here's the first part, again :
" You guys really ought to stop repeating + enhancing PR's,
and other news releases, that are grossly lacking in the
underlying facts that really count. "
But, you ignored the answers, that followed, so,
here they are again, following along again, as follows :
" The real bottom lines for COPI are hidden in the details
of those loans + Preferreds, that they won't disclose. And,
the probable immediate conversion of the Preferreds, which
no long even tries to discover. "
And, putting it all back together again, we said :
" You guys really ought to stop repeating + enhancing PR's,
and other news releases, that are grossly lacking in the
underlying facts that really count. The real bottom lines for
COPI are hidden in the details of those loans + Preferreds,
that they won't disclose. And, the probable immediate
conversion of the Preferreds, which no long even tries
to discover. "
There, that's much better. And makes total sense.
And, even worth doing, for those who plan to make
money with or from COPI.
The bottom-line is the toxic loans, until some actual
after-tax profit appears. It's like a race.
Shorts win if toxic loans + new share dumping keep
growing, and profits never even start.
And, longs win, if they start + grow, to where they
can pay off the toxic loans, and start buying back
the previous + continuing massive dilution of shares.
If Independently Audited + growing profits appear,
we will switch sides, and run along with the longs.
We're proud of our DD, but not too proud to switch to the
winning side. And, then, we will all win. In the long run.
Otherwise, some win, some lose. As the factual DD rules.
The 'Underlying Facts' that are 'Grossly Lacking' are,,,
any fact that proves that COPI will ever make a profit,
or be bought out, or not have a permanent + growing need
for more + more toxic financing, and massive dilution,
until suspension of trading, and/or BK.
[Which, by the way, IS the ONLY Reason to Not convert
the Preferreds, assuming there is any cash left, after BK.]
So,
PLEASE DOCUMENT EXACTLY WHAT PR'S YOU ARE REFERRING TO, AND
TELL US WHAT UNDERLYING FACTS ARE provided that can, in any
way prove that COPI will ever make a profit, SO THEY CAN BE
factually + honestly + unbiasedly DEBATED PLEASE!
'Reporting' that COPI "will" have profits,,,
next year, for the first time, ever,
is worse than totally meaningless,
and possibly actionable, if it is dared
to be publicly filed as a fact, with the SEC.
However, pinks do it all the time,
and the SEC never cares. That's why we short pinks,
and pennys like COPI, that resemble pinks, in
most of the most important ways, that
generate quick + riskless + large profits,
for Hedge Funds, and shorters, and pink CEO's.
How + when will after-tax "Earnings" be "verified"...
Since it was opined that, COPI longs are expecting :
" to start regaining back to .07 and looking to go much
higher when the revenues and EARNINGS are verified. "
We assume that this assumes no Reverse-Split.
And, what is the basis + rationale for such a projection,
although, none is required, because it's just an opinion?
In our opinion, currently documented + filed facts do Not
support the projection of any after-tax profits, anytime
in the near future. Thus, we have every reason to believe,
that even more massive share dilution, and even more toxic
financing, like the super-discount+immediately-convertible
'Preferreds' will be required. Because, losses must be
offset, somehow, for all businesses, even pinks.
Also, is there any 'documented proof' that the
Immediately-Convertible-Preferreds were NOT immediately
converted. If not, why not? Because it only makes sense
to convert them for gains, IMMEDIATELY, before they are
recalled, "anytime", AND ALL GAINS ARE LOST, immediately.
Besides, why would lawyers require that the 'Preferreds'
be 'Convertible, ANYTIME' , if they did not expect to ever
do it? And, the very best time to ever do it, is to lock-in
a 7x gain, that can be erased ANYTIME the CEO recalls them,
which takes only1 vote, and a few seconds, to sign the
recall document, which is probably an attachment to the
Preferred loan document. No outsider really knows, because
those could-be-public deal terms, are always kept a secret.
And, since they are a secret, how does any outsider guess
that the new Preferred deals are better than the old Cornell
deal. For most of the real world, when you must have new cash
ASAP, to pay off an overdue loan, the new loan is always Worse
than the old loan, because your credit rating is much Worse,
especially if you Never had any income [= profit], ever.
It's very popular news these days. Just try to re-finance
a sub-prime loan, for 125% of your condo's current [+ falling]
value, if you have never had a paying job, and the old loan
payment is about to bump up 50+%, and the condo is in
foreclosure, and you must move out in 30 days. GLTA
"We are talking about a business," supposedly...
And, when in business, even if pink,
if you don't make any after-tax profits, ever,
you must dump more + more dilutive shares.
And when you can't do that fast enough, you sign up
for toxic death-spiral financing, with Cornell.
And if you can't pay that off with profits, or
dumping even more new shares fast enough, you try to
refinance, which COPI did, with only1 vote.
And, they could only get super-faster-toxic loans,
via IMMEDIATELY CONVERTIBLE PREFERREDS. Which are
much worse than Cornell's worst deals, because they
have to wait a little while, and can't short while waiting.
You guys really ought to stop repeating + enhancing PR's,
and other news releases, that are grossly lacking in the
underlying facts that really count. The real bottom lines
for COPI are hidden in the details of those loans +
Preferreds, that they won't disclose. And, the probable
immediate conversion of the Preferreds, which no long
even tries to discover.
And, I may stand corrected, regarding your belief that
'some of the Preferreds pay interest' , if you will kindly :
" please document your source " .
But, even if a small fraction of them pay some amount of
interest, it would be TOTALLY INSIGNIFICANT , compared to
the 7x current gain that could be called away, any second,
if the Preferreds were not converted ASAP.
Also, just to be fair, please ask the COPI longs to
'please document' their sources for buyouts + 5x revenues,
and $1-in-2008 , or quit asking us skeptics for any
documentation of our obvious opinions. At least we provide
the logic + rationale, based on the typical actions, and
performance of toxically financed companies, which are
most often pink, or about to turn pink, or gray, or worse.
And, all of the above, and anything we ever post, anywhere,
is just an opinion, which may be right or wrong, but, there
is no requirement to 'document' anything. And, any
'documentation' can be easily falsified by editing before
posting, or quoting from a company issued PR, or some
part-time news reporter in Australia.
No body delays deploying a Golden Parachute,,,
1] that can be called away, anytime, and
2] with the loss of all gains to date, [which are 7x], and
2] earns no interest, or other benefits by delaying, and,
4] there are no costs or penalties for deploying ASAP, and
5] there is a huge benefit for ASAP deployment, because,
6] it starts the 6-month restriction clock, before
7] the other older [and maybe some newer] Preferred holders.
And, the faster you get unrestricted, fully-tradable shares,
exchanged for no-gain callable restricted Preferreds,
the better.
In view of the above, we challenge you to come up
with any reasons to Not immediately convert all
Preferreds, ASAP.
And, there is no reason to think that any real company
would 'buy-out' COPI. So, we say, as you said, and we did :
" Please - document your source for this, or state this as your conjecture.. "
It makes Absolutely No Sense for the Preferreds ,,,
to sit on gains, that can be called away, and totally lost.
imsio; THEY ALL CONVERTED, ASAP, WHEN COPI EXCEEDED $0.01
And, we believe that the belief that :
" I believe this to be a 100% false statement! "
is in itself, a totally unfounded belief,
that contradicts the obvious financial logic,
as we have explained in our previous posts.
And, such statements of belief, without any proof
or reasoning, especially by a Mod, are not helpful
to any old longs, or any possible new longs,
or shorts, or flippers.
If you add the 550+ Million newly converted shares,,,
floating in by June,
from the new $0.01-Convertible-Preferreds,
which could have been converted "anytime"
[and probably already were, imsio]
then, the new "fully-diluted" total is 680+ Million 'shares'
which is More Than 5x Dilution, very recently,
just by selling $5-Million-worth of
super-toxic 0.01-Convertible-Preferreds
to a few insiders, to replace $1.2-Million-worth of
overdue pretty-toxic Cornell death-spiral financies.
And, more toxic convertible-Preferreds can be sold,
anytime the only1 voter, votes yes, and no outside
shareholder can vote no, against this, or anything, ever.
Just like a pink, except COPI is supposed to report,
but only after it's too late, and the 1 vote is counted.
The CEO can even vote himself some of those can't-lose,
massively-diluting "Preferreds" [just like swvc],
and, he may already have, because who knows who bought
the first batches.
COPI may not be not-quite-pink,
but it sure looks just like one,
and much more, recently, especially,
in the most important areas of :
1] massive + growing dilution , and
2] massive + growing toxic + death-spiral financing , and
3] increasing bottom-line losses
P.S. ; Revenues are not good, if they cause bigger losses.
Any callable "Preferred" shares will be converted to common,,,
ASAP, as long as the trading price of COPI is above 0.01
They were probably all converted in early January, after
COPI moved above 0.03 , and re-tested 0.02 , and moved on
up in the current pump, which peaked on January 23, and
stalled ever since, down 20% , on decreasing volume.
No one would hold a share of non-interest-bearing "Preferred",
that is callable at $0.01 , anytime, while the price of COPI
is above 0.02 , and especially not while the price is 0.07
and dropping, and even more especially if the price starts
rising again.
If COPI had any cash, they would have already called as many
"Preferreds" as they could afford. COPI would have even
taken a 50%-annual-interest loan, if they could get one.
Or, try to get a new investor to buy a new load of Preferreds
callable at 0.04 or higher, to pay off the 0.01 Preferreds,
IF THEY WERE NOT ALREADY CONVERTED TO COMMON.
Think about it. What would you do if you owned any of the
$0.01-callable-Preferreds? It's exactly like holding a piece
of paper, that pays Zero interest, but allows you to buy
Gold at $100 per ounce, while it is trading at $700. But,
anytime, before you trade the paper for gold, COPI could
call the paper, and pay you only $100, plus Zero interest.
And, all of those 0.01-callable-Preferreds were sold to
'Sophisticated Investors' , including lawyers. They must
know that the Preferreds are almost worthless if they are
Not converted, ASAP.
In addition, since there is a 6 [or 12?] month restriction
period, after conversion to common, you can bet that those
lawyers converted as soon as COPI went above 0.01 , just
to try to be the first to start the clock, and be the first
to dump, after the restriction expires.
There is even no reason to not convert if the price of COPI
is below 0.01 , because the Preferreds pay no interest,
and if COPI tanks below 0.01 , COPI will certainly not have
any cash to call the Preferreds. So, the holders are better
off to be holding unrestricted common, and bailing out for
less than 0.01 , or anything that they can get. And, the
faster they bail out, the more they get.
So, imsio, all of the Preferreds are already converted,
and the 550,000,000+ brand new shares are clocking down,
waiting to be unrestricted, and could start dumping by
June [or maybe earlier, who knows what it says in the deals].
And, why didn't COPI file any 8-K's , as the Preferreds
converted? Or, if they don't have to file ASAP, how long
can they delay? Or, if they don't even have to file 8-K's,
they should still inform their loyal longs, and new buyers.
If not, why not?
P.S. ; Regarding COPI's "patented technology" , and a
"buyout" or "affiliation" with VeriSign, somelongs ought
to do a little more DD. Telephone "software" is very easy
to not-quite-copy, and significantly improve, every few
months [according to Moore's Law], and get a newer + better
"patent" [actually, Copyright]. Also, a real company, like
VeriSign, would never buy-out a small company, with a load
of toxic financing. And, finally, we were involved in the
deal that sold NSOL to VeriSign. The NSOL shareholders were
not too happy, as they got no cash, and soon lost 90% of
their 'share value'.
But, we're still rooting for COPI, along with the longs, temporarily.
If COPI can pump up to 0.10 , or higher, temporarily, it
will be an even quicker + more profitable + risk-free short.
And, if I were a COPI long, I would sell all my shares, ASAP,
and call COPI, and offer to buy some new "Preferreds" ,
as long as they were convertible at 0.05 or less. Which is
5 times better for COPI than the 550,000,000-share load that
they just gave away to the lawyers that loaned COPI some
desperately needed cash. And, if COPI sold me some 0.05
Convertible Preferreds, I would convert them, on the spot,
and immediately start the 6-month count-down clock.
[Like the lawyers probably did, if they could, imsio.]
COPI is more toxic than the average pink,,,
so it looks like a pink duck.
But, it reports more that the average pink,
so it quacks louder + more often than a pink duck.
Which makes it an even better short that the average pink.
And, it must keep reporting its new toxies,
since it is barely not pink. What could be better for
Hedge Funds, and us shorters.
It's just like free insurance for us shorters.
And, we always knew where it barely trades, and we like it.
It's more reliable, and pumps are more quickly corrected.
COPI's only hope [short term] is for longs to buy
much more, and much faster, to try to slow the dump.
Let's see if they have any risk cash remaining.
We will be surprised if they last until Thursday,
before they dump what they buy by Tuesday. Bye bye.
We do like COPI, even better than,,,
most of our other recent pump&dump selections.
They are all way down, many at all time lows.
And, COPI pumped up + stalled, way faster than most.
So, it should be a quick + riskless short,
back down to 0.02 within 2-4 weeks. And then lower.
But, we're not greedy. Even 0.03 is fine.
And, we're not patient. It increases the risk,
for a minimum increase in profits. So, we cover,
in 2-4 weeks, and wait for the next pumper-dumper.
All average pinks lose 90% per year. So, the best way
to lose is to be long, for a long time. And, the best
way to win, is to be short, for a short time. And, the
best time to be short, is right after a pump stalls,
and drops 20% from the peak of the pump.
That's why we love COPI. And, the toxic DD is insurance.
Toxic companies like COPI are rarely bought out,,,
except by even more toxic companies [like swvc].
All toxics are restricted, for a short time...
But, these "Preferreds" are "convertible, at any time" ,
and the restrictions will vanish in no more than
6 or 12 months. But, COPI 'forgot' to release that
critical info.
And, all toxics are massively dilutive, underpriced
give-aways, just like these 550 Million 1-penny 'shares'.
Real companies don't do such things, unless they need cash,
desperately + immediately, and can't otherwise dump
enough new shares, directly into the float.
But, the worst part is, outside shareholders can't vote
against any more of these toxies. The only1 voter can
'approve' Billions more, at $0.001 each, whenever he wants,
and 'sell' them to his best 'friends' , again, and forever.
Let's just see what happens to the price of COPI, in the
next week. And see if the Hedge Funds jump in.
No luck required. When a company dumps 550 Million
newest shares, for 1 penny each, the share price
will drop to 1 penny.
And, if the only1 voter, votes 1 Billion newer 'shares' ,
for himself + his best insider friends, for $0.001 each,
that vote will also pass unanimously, by 1-to-Zero.
Since COPI shareholders can't vote, on anything, ever,
they own a 'share' of nothing.
But, considering the recent pump, COPI is now a great short.
And, it's only a matter of a little time, before the
Hedge Funds read the filings, and act, shortly.
It should be pink, if outside shareholders can't vote,,,
as 550 Million 'shares' are given away, for 1 penny each.