is finding the next runner as you read this
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What a turd this has become lol
Yes, it's certainly the handiwork of Serbian wash traders and not dilution.
68,014,664 float is NOT real or current and everyone knows it. All this quibbling about the share structure in regard to the A/S, O/S, what's restricted, etc. etc. is mindless and distracting.
The only number that really matters is that float number. What is the current float right now as of today? That's the only question that matters. The answer to which will tell you everything you need know about this stock and what direction its headed in. The fact that Dan and his T/A are keeping it a secret does not bode well.
T/A didnt tell me he was gagged. He just kept sayin' "We don't usually give out that kind of information". It was a very circular conversation at best. He kept telling me to contact Cooper directly for the information. I made the attempt very publicly last week by submitting my question about the float to Cooper's website and reposting it here which he has ignored.
My conversation with the T/A occurred BEFORE I remembered and dug up the November 18, 2010 PR Cooper released about transparency and Cooper directing the T/A to answer ALL share structure inquiries from "interested parties". Be sure to remind him of that press release and statement by Cooper if you do give him a call.
"Transparency" Press release by Cooper Nov 18. 2010
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56865673
Yes, the CEO lied about the warrant dividend. The 1/25 R/S was voted upon by the existing shareholders of the old shell company Sharp Holding Company (SHAR) as a condition of Cooper reverse merging into the company. The warrants were supposed to be a stipulation of that deal. The original deal was supposed to be a 1/100 split but was later reduced after the fact by Cooper to 1/25.
The stock went through the roof on the merger announcement. Everyone involved before the merger announcement made a fortune (some of us serveral times by trading in and out on wild swings). Of course it went down as the R/S date got closer and the hype around the merger settled down. I bought a ton right before the R/S and eventually sold it for more than 3x what i paid. It wasn't your typical stinky pinky R/S but it was still shady.
The upside to this CEO is this: he's clever. When he wants to run the stock for whatever selfish reasons he is more than capable of doing so. He knows what forms to file, what kind of PRs to release, and how to generate hype around his stock to get the market moving.
His goals for 2012? To keep eating. Does that include making this a successful company? Maybe. Getting Chameleon blinds in Wal-marts? Maybe. Just selling shares to pay himself, his wife, and his brother in law? Maybe. Buy another orange truck? maybe.
Making shareholders money? Not necessarily.
He's going to keep eating. This much we know. Certainly he will and has sacrificed his shareholders to do so.
Buy the bottom, figure out when he's trying to manipulate the stock higher and jump off the ship before it tanks. SOP in any pink. This one's no different.
The bold is getting old, man.
Not sure if after markets are included in the totals or not.
Unfortunately when the stock symbol changed from SHAR to COHO all the news links on the board were reset. The symbol change from 7/19/11 is the earliest PR you can easily access now. Go back to the end of Februrary 2010 and start reading if you really want to know the history of this company. The old PR links still work and you can find links to many of them in old posts or posts that are copy/pastes of the original releases.
Here's one about warrants:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54850452
Here's another one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56507733
All just part of the scam I guess. I never got any warrants.. and I was entitled to a boat load.
No one said he gave them ALL away. No one knows what the hell is going on because there's no transparency here. As long as the float is a secret we can all only speculate.
No one here has done as much DD on this turd as I have. I've been here trading this and watching this CEO operate since day 1. I've been right about what's going on here time and time again. I've been watching and seeing how it really is trading. It's in the tiolet and the volume is off the chart. It doesn't take a rocket surgeon to figure out shares are being dumped.
If you're trying to reassure people about Mr. Cooper's good intentions toward his shareholders I wouldn't be advising people to go back and look at the whole year of 2011 because the history is pretty ugly: Warrants promised and never issued. Paid pumper firm Wall Street Voice dumping Millions of shares illegally at 52 week high absconding with 3/4 of the stock's entire equity in a week and then being let off the hook. No significant revenues to speak of. A downward spiral from 4 cents to .0006 in 9 months is nothing to brag about chief.
But hey.. at least they got a new website and a nice truck right?
No way. Quite the opposite
Exactly what' I'm sayin' Don. Your math was a little off.. ($200,000 for 1B shares @ .0002) but the idea is right on.
"Raising funds" means selling shares, ie dilution. The large volumes we're seeing with the downward pressure on the PPS coupled with the refusal by Dan to give us the float suggests this is already happening...
Actually that post of his is 100% fact.
He wasn't talking about the 2B they issued themselves.. that we know is restricted. It's the other 1.86B that is not restricted that everyone should worry about.
Institutional investors could be buying huge blocks at less than market value and then dumping them on the bid. Dilution is dilution no matter what channel it occurs through.
Looks like Cooper is up to no good and that's why he's not releasing the float. Cooper cherry picked what info he was going to update about the share structue on his website. HUGE RED FLAG, imo.
So why doesn't he just update the float to the correct number then? I really don't like how he cherrypicked which parts of the O/S he updated on the website. It was deceptive. Furthermore, the T/A was supposed to answer share structure inquiries not give me the run around like he did. I would have reloaded the boat around .0015 if it wasn't for that. I'm glad I gave pause and thought it through because I'd be in the red at the moment if I hadn't. Assuming a maxxed O/S of 133M currently, it's not a bad play at this price. He can change his mind about that other 2 billion at any time though... and that's what concerns me.
Fill out this form, ask Dan about the float. Let's make this question FREQUENTLY asked.
*copy below*
Is the float number of 68,014,664 reflected on this website still accurate? If not what is the current number? Is the directive for the T/A to answer share structure inquiries to all interested parties as per the press release dated November 18, 2010 still in effect?
paste here:
http://www.cooperholdingcorp.com/submit-a-question.html
If Dan would man up and publish the current float we could put all the speculation and negativity to rest. COHO is not transparent until we get the current float.. that is a FACT and one that will bog down the PPS until it is resolved.
Exactly
Yes, even if the O/S of ~134M is maxxed I think it would spark a buying frenzy to gobble this float up that could easily triple the current PPS. There's a lot of eyes on COHO this week. If it's more than that then we've been decieved and it will be a race to the bottom.
I agree. Float around ~100M (or even 133M) is still very attractive. Especially at this price. The right chain of events could send this back on track to go north of 3 cents like it did last summer before the WSV fiasco.
It's time for Dan to man up and make the current float public though, whatever it is. It could be seen as deceptive for him to cherry pick which parts of the share structure he updates on the website. We demand 100% transparency.
My math is similiar however I'd like to hear it from Dan himself. It would be an act of good faith that would go a long way to cement confidence and silence certain characters that like to refer to this as pos dilution R/S scam lol. Transparency = Confidence. Confidence = higher PPS. If the float is more than 133M we know something is rotten.
A pulic challenge for our CEO
I know for a fact Dan reads the board.
Mr. Cooper I challenge you to answer the following question on your FAQ that I just sent through your website's form.
Is the float number of 68,014,664 reflected on this website still accurate? If not what is the current number? Is the directive for the T/A to answer share structure inquiries to all interested parties as per the press release dated November 18, 2010 still in effect?
Welcome!
Unfortunately.. there is no one place that gives us an exact and accurate reflection of the S/S. I have asked those who speak directly to Mr. Cooper to have him update the website with the true current S/S.
We know...
The A/S is ~4,000,000,000
The O/S is ~2,133,000,000 (of which 2,000,000,000 is supposedly restricted according to recent attorney letter).
The float is... ? (gotta be more than the ~68,000,000 reflected on pinksheets and cooperhunting.com's investors info page).
Winning! :) Thanks for your support COHO community.
Lookin' good here kids. Lots of interest in COHO. The right news could send this back over a penny. I got my tickets and I'm holding tight.
Two reasons:
1. In a free and open marketplace of ideas, all points of view are allowed to discussed. The remedy to incorrect information is truth, not censorship.
2. It provides a public record for establishing credibility (or lack there of).
You did not just "point out the fact". You called the stock a "R/S pos scam" which is a mis-representation that I have now set you straight about.
Check your dates and facts. The dates of the previous reverse splits are from when George Sharp owned the shell under Sharp Holding Company. I will repeat myself one final time. There has only been one R/S since Dan Cooper reverse merged his company into this shell to go public and it was announced from day 1 of the takeover. It's standard procedure for a private company that reverse merges into a public shell to have an R/S to get the share structure under control. Furthermore, said R/S was put to a vote and approved by a majority of the shareholders as a condition of the initial takeover.
There are already 20,000,000 preferred shares issued if you check the offcial share structure.
There was only 1 R/S in this stock's history since George Sharp sold the shell to Dan Cooper and that R/S was announced at the same time as the takeover by Cooper. Also it's worthy to note that the original announcement called for a 100:1 R/S but the board decided to reduce it in the interest of fairness to shareholders and keeping liquidity in the market. You're trying to paint a picture of Cooper as a habitual R/S scam artist and it's not true. That's not to say he won't become one in the future but as of right now the facts do not support that. Please stop with the bold. It's ridiculous.
EVERYONE has an agenda, to think otherwise is naive. Keep it more on topic. Discuss the company, the products, the action, the share structure etc. instead of other posters.
We will maintain a free and open discussion of COHO here with the most absolute liberal interpretation of the TOS possible because sunshine IS the best disinfectant. Please keep the TOS in mind when posting and refrain from personal attacks and key words that would give others cause to rightfully delete your posts. Don't let the conversation degenerate. If someone posts something you believe is false then attack the position, not the poster. Also, please proofread your posts for proper spelling and grammar to maintain quality and dont abuse functions like bold, underline etc.
Actually.. conflicting numbers on back to back filings dated the same day on the share structure is a pretty valid point. Probably his first one of the day but give him credit.
Nonsense and you know it. The T/A is keeping the float a secret (at least he was from me as of last week). That 68M # is from back in June. According to the most recent filings there are ~32 Million MORE free trading shares that used to be restricted since that time period. Float is AT MINIMUM 100 Million if not more here.
If you really want to know the float starting ringing the phone off the hook to Cooper himself and Aaron over at Transfer Online. See what you come up with.
Here's your 4 billion:
http://www.cooperholdingcorp.com/investor-information.html
IMO, the dilution occurred well before the latest bottom. The PPS was almost 5x it's current level twice in the past several months. What we're seeing now is most likely capitulation, panic selling to the historic bottom and all the players are stepping in buying it up. The good news is that something is obviously about to happen here with all the filings in the last two days. They're not spending the money to go current out of a moral obligation to shareholders.
Check out and compare last two attorney letters.
Formerly restricted shares by all 3 major players are now free trading shares to the tune of about 32 Million shares. I told you guys there was dilution. It's all good though.. you guys soaked it up lol.
No worries.. they'll come up with something creative to run this turd so they can dump the other 2 billion. It will most likely be an "aquisition" as you say ptrigger. It was laid out a long time ago in a past PR.
Looks like we're back in business here lol
If there's no dilution then why can't anyone confirm the share structure? Why is the T/A being shady when the company had previously directed them in a public press release to honor share structure inquiries from interested parties? How did Dan pay for the brand new Dukes of Hazard colored pick up truck with the shiny rims? Instead of General Lee he should name it Stonewall Jackson.
You're right about one thing though: Dan is not holding to his word. He promised the shareholders here transparency and he's not delivering. I apologize if my questions and observations are interfering with your short term trading agenda but that's just tough cookies for you, friend. I'm here to discuss the truth about what's going on here as I have been for years and I could honestly give a rat's ass who gets upset about it.
We all the know the float is no longer 68M so will you please stop with YOUR BS posts denying the dilution? Thank You!!
At a place like that you could probably barter with buckskins and ammunition.
Here's your marketing campaign.
Fold out tables and a black table cloth.. flea market style. Oooh.. they take Visa!
http://www.facebook.com/photo.php?fbid=2359624069167&set=o.216167695089635&type=3&theater#!/photo.php?fbid=2359628829286&set=o.216167695089635&type=3&permPage=1