How + when will after-tax "Earnings" be "verified"...
Since it was opined that, COPI longs are expecting :
" to start regaining back to .07 and looking to go much
higher when the revenues and EARNINGS are verified. "
We assume that this assumes no Reverse-Split.
And, what is the basis + rationale for such a projection,
although, none is required, because it's just an opinion?
In our opinion, currently documented + filed facts do Not
support the projection of any after-tax profits, anytime
in the near future. Thus, we have every reason to believe,
that even more massive share dilution, and even more toxic
financing, like the super-discount+immediately-convertible
'Preferreds' will be required. Because, losses must be
offset, somehow, for all businesses, even pinks.
Also, is there any 'documented proof' that the
Immediately-Convertible-Preferreds were NOT immediately
converted. If not, why not? Because it only makes sense
to convert them for gains, IMMEDIATELY, before they are
recalled, "anytime", AND ALL GAINS ARE LOST, immediately.
Besides, why would lawyers require that the 'Preferreds'
be 'Convertible, ANYTIME' , if they did not expect to ever
do it? And, the very best time to ever do it, is to lock-in
a 7x gain, that can be erased ANYTIME the CEO recalls them,
which takes only1 vote, and a few seconds, to sign the
recall document, which is probably an attachment to the
Preferred loan document. No outsider really knows, because
those could-be-public deal terms, are always kept a secret.
And, since they are a secret, how does any outsider guess
that the new Preferred deals are better than the old Cornell
deal. For most of the real world, when you must have new cash
ASAP, to pay off an overdue loan, the new loan is always Worse
than the old loan, because your credit rating is much Worse,
especially if you Never had any income [= profit], ever.
It's very popular news these days. Just try to re-finance
a sub-prime loan, for 125% of your condo's current [+ falling]
value, if you have never had a paying job, and the old loan
payment is about to bump up 50+%, and the condo is in
foreclosure, and you must move out in 30 days. GLTA
Averaging-down is profitable, for shorters, only.
