Seaniemac International Ltd (fka BETS)

[MinnieM]

COPI...

Hello extra...I've just finished reading all of your posts on COPI and have a question for you.

1. If in fact, you are part of a large hedge fund that is about to short COPI, why would you talk it down now? Wouldn't it make better sense to simply stay quiet until after the stock pops and the short is acquired?

Regarding preferred shares:

The shares weren't given away to its best insider friends.

1. 44% (Serial A Preferred)of them were sold at $1 per share to accredited investors in exchange for cash.

The definition of an accredited investor can be found here:
http://www.sec.gov/answers/accred.htm

Most people I know that buy preferred shares are in to hold the stock long term. They generally aren't the type to convert and sell for pennies asap.

2. 22% (Serial B Preferred)were sold to 2 affiliates at a price of $1 per share in exchange for cancellation of debt. I doubt these two individuals are going to dump their shares anytime soon. They lent the money because they believed in the company when it was very risky to do so. They'll want to stick around and reap the benefits.

3. 33% (Serial C Preferred)were sold to six persons and entities, including 3 affiliates of the company for a share price of $1 per share in exchange for cancellation of debt.

The entity recieving shares here is the only one that may sell off shares anytime soon. And, they only hold a % of 33% of the outstanding preferred shares.

The bottom line is that most of the preferred shares are in hands of affiliates that are fully aware of the long term potential and aren't in desperate straits to sell. The entity that originally loaned money also knows what they are holding and I doubt they will convert and sell right away.

It is possible they will convert, but to hold, not sell. They will make much more money years down the road rather than selling now.

Btw, no stock goes straight up or down. We can have opposite positions and still be green. It's all a matter of entry and exit points. ;) I just feel being short is a bit of a gamble here unless it is a quick flip. The overall trend is up. Don't buck the trend for the long haul on a growing company like this.

Please don't forget to answer my question from up top.

I wish you the best of luck in your trading, as I'm sure you wish me luck. ;)