" A bad or “toxic” financing takes the form of a financial instrument that is convertible into common stock at a specific discount to the bid price or average bid price over a specified time period. "
Which is EXACTLY THE CASE WITH COPI, ioo
Because, the COPI insiders [and ZERO OUTSIDERS]
just got "Preferreds" that are 'convertible'
at $0.01 , while the 'stock' is trading at $0.07
Good deal for them = Bad deal for all else.
Is it really possible that only we 'noticed' this ?
If so, oh well. We have a little work to do,
before euOpeners. cUall soon.
Averaging-down is profitable, for shorters, only.