Seaniemac International Ltd (fka BETS)

[Drugdoctor]

COPI - Wealth University "lecture"

Good Morning everyone - COPI - a history and due diligence lesson.. Chartinator and monkish invited me here to discuss a bit about Compliance Systems, so I will try to make this as short as possible... To do so, I am not going to include links.. Anything I post will be verified by the SEC filings, the Compliance Systems website, and the Press Releases, which are located on the COPI website anyway.

Call Compliance was a private company formed in response to the Do Not Call Legislation that went into effect in the early 2000's to prevent telemarketers from calling subscribers to the Do Not Call list.

Dean Garfinkel - CEO - developed a method of checking a telepone number verification technology, and having any number dialed by a telemarketer, run through the database of do not call list subscribers, and if it was on the list, the call is blocked..

Thus the name TELEBLOCK for his process, which he obtained an exclusive PATENT protection on the technology and is still the only company allowed to do real time screening of outbound telemarketing calls.

More on the CEO...

Chairman: Dean R. Garfinkel

Mr. Garfinkel is co-founder of Call Compliance, Inc. Mr. Garfinkel has over 25 years experience in the telecommunications field, and oversees all of Call Compliance's technical operations. Mr. Garfinkel, in addition to his corporate duties, develops and manages all of Call Compliance's strategic business relationships. Mr. Garfinkel is recognized across the teleservices industry as the leading expert on telecommunications and emerging Do Not Call and related compliance technologies, and has been quoted in such diverse publications as USA Today, Newsday and the Chicago Tribune, as well as many industry trade magazines. He is also responsible for Call Compliance's product development and deployment efforts.

Mr. Garfinkel is active in numerous industry trade organizations, including the American Teleservices Association, the Direct Marketing Association, and the American Resort Development Association, and is currently serving as one of the Board of Directors of the American Teleservices Association.

Call Compliance was a private company and fast growing, and everything was going great for them until one of their major distributors, Vartec Communications, filed for bankruptcy protection in 2004.. At that time, a lot of customers were spooked by the Ch 11 filing, and COPI lost a lot of business, went negative in cash flows again, and needed to borrow money to finance their comeback...

Luckily they had another partner - Nasdaq security giant... VeriSign, which charges a higher fee than the previous partner, but we know will be there and solid, and actually is a positive, because they are already well established overseas, which will probably be the next major expansion for COPI...

However, this setback caused management to need funds to continue to rebuild the customer base... and they went to Cornell Capital to obtain financing... Part of the deal was that they would go public, and register a bunch of shares that Cornell could convert debt into equity... We all know that drill, so when the company went public in May, 07, Cornell immediately begin their predatory conversion and dumping practices, driving the $1.60 IPO opening price to as little as .001 per share in just 4 months... That's where I found COPI, on a 52 week low OTCBB scan, languishing with it's stock price in shambles and those great looking fundamentals of real revenues and revenue growth and only about 60 million shares outstanding at the time...

Hopefully that would give a rough early history of COPI before it turned in August..

Cornell made COPI do a registration statement for 65 million shares and they proceeded to convert and dump every one of them by the end of October... Even though the price was rising, as the word was getting out about how undervalued COPI was, the constant selling pressure and market maker shorting, as evidenced by COPI being on the REG SHO list, caused the price to languish in the sub pennies... Finally they were finished selling, and COPI reported their 10Q with 120 million shares now, but they also said they were going to raise the authorized shares to 2 billion shares and were going to issue a series of preferred shares, which scared a lot of unknowledgeable investors.

Then, on December 12, 2007, COPI filed an 8K filing stating they would completely buy out Cornell debenture debt and pay em off with interest and penalties... And, this was accomplished on 12/24/07 and we saw a dramatic rise in COPI shares, not knowing exactly what was going on behind the scenes...

On December 31'st we got the 8K verifying the Cornell Payoff and the fact that most of COPI's debt was now converted into preferred shares and they had an additional $700,000 in the bank to expand their business!

Now the stock is in the process of recovering some of the lost value it had from it's $1.60 per share IPO price in May, 07!

Since revenues are up almost 50% from that level now, and since the new financing deal has lowered interest expense from $170,000 per quarter to $45,000 per quarter, a lot of us shareholders think COPI could be NET PROFITABLE as of now.. the first quarter of 2008... as long as the double digit sales increases continue..

With India already having the Do Not Call list active, as well as Australia, both of which VeriSign already has large operations in, overseas expansion for COPI is the next logical step, imo.

And with Canada set to go live with Do Not Call lists on 9/30/08, that is an additional country for COPI to sell it's TeleBlock technology to.

I'll end this lecture now, as to not drag it out, but in summary, COPI seems to be one of those rare companies that can be found on the OTCBB that has the potential to continue to grow, will become profitable, and will reward patient investors over the long haul...

Please feel free to ask questions here or at the COPI board...

link to the I-hub COPI board


http://investorshub.advfn.com/boards/board.asp?board_id=982

cargo_hauler

link to wealth university..
http://investorshub.advfn.com/boards/board.asp?board_id=10933