The trouble, as usual, is just human psychology. There's really no question of whether the company is worth its current, what, 650k or something? market cap. The issue is that the shares were recently priced so low. People look and say to themselves, "Well it was just .004 or .005, why should I pay .015!" Or perhaps the ever more human, "Why should I buy that share and give someone else a 400% return! I'd rather miss out on a smaller future gain to spite them!" Issues like that are why (besides negating efficient market concepts), the share of something like COPI doesn't just "instantly snap" onto the chart around it's fair value. The kind of thinking outlined, both as specified and more generally, is why the stair climbing pattern we're in persists.
When all is said and done, I believe you can safely assume two things. COPI from this level won't provide that overnight tripler (without strong news); and if you don't mind parking a bit of change here, in a short few weeks it'll give you (as far as the 'real', non-penny world goes) an amazing return.
Most importantly to me: given the current market cap in a lump of cash, it would still be implausibile to effectively replicate the company given its technology and current alliances and partners. Ergo - a fair price, which it remains at least to the .08 range, and as others have mentioned, with even one substantial new contract signed at the conference altering its near-future cash flow, that number swiftly increases.
Given an apparent history of moderate and non-abusive dilution.. cheers. All just my opinion.
AI
