Well, the increase in authorized is, and has been, in the ibox for several weeks, and also was stated in the 10Q at least twice. That's why I dismissed the 14C filing as a non-event. Also the beginning of conversion of the debenture was also listed in the 10Q, and the rise in share outstanding was disclosed.
I admit, the increase in outstanding was a little higher than I had wanted, but we are dealing with Montgomery, who could care less about the company they are diluting, they just are doing what they do, and unfortunately, COPI management just doesn't obviously understand the need for promotion in these types of situations. Maybe they think PR's violate SEC rules, just like they seem to think that allowing the TA to disclose the outstanding share total must violate SEC rules.
I've tried to talk to em about this, I encourage other folks to call and try to express the need for some promotion during this dilution period.
I do believe management is honestly trying to make a go of this company, and their may be contractual issues that prevent much PR, but when AAPL has a half-dozen or more PR's a day and GOOG and MSFT also have a lot of PR's daily, you would think that COPI could do something.
I think management is very smart with the technology, but they may not be as business saavy as they need to be, to deal with the wolves at YA.
GLTA
