"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.
