cargo; " in just a few weeks now " , maybe,,,
If the 1st ever Independently Audited Finanshills for copi,
are published + Filed with the SEC, on time, which we think
is 31mar2008, which is more than 5 weeks [not 'a few'] .
Then, and not before then, will the very 1st outsider,
and the very first outside common shareholder :
" KNOW THE TRUTH, about outstanding and REVENUES "
But, by 31mar2008, those numbers will be 13 weeks old.
Because, THE 10-K ONLY COVERS FYE-2007, WHICH ENDED 31dec2007.
And, we all know that a load of dilution has happened since
then, and, we know that the Outstanding has jumped up from
50 Million in June, to at least 130 Million [probably 250+],
right now. That's at least 2.6x-dilution [probably 5x, ++?],
in less than 8 months! And, that's not even counting the
'fully dilutive' stuff, like "Preferreds" + "options" , that
real investors ALWAYS COUNT. THAT'S WHY THE SEC REQUIRES
THAT THEY BE FULLY DISCLOSED. AND EVEN HIGHLIGHTED AS
"FULLY DILUTED EARNINGS PER SHARE" .
Of course, in copi's case, it will be 'fully diluted losses'
per share. Which is good for copi-fans, because it will
make those losses per diluted share, appear to be only
13% of what they really are, if the dilution was ignored.
But, we shorters don't like to ignore
THE ABSOLUTELY MOST IMPROTANT FACTS,
like massive-ongoing dilution, and growing losses,
and 'executives' voting themselves big gifts,
and making sure that they own 87% of all votes, forever.
All built on a house of cards of "1-product + 1-customer" .
GLTA. Still waiting for the 'half-dead-cat-bounce' to peak.
Probably in the high .05s , unless the old longs run out of
new cash in the high .04s .
So, it's high 5's to all, for now.
And, then we'll be back, shortly.
P.S.;
If copi really has such a hot + 'safely patented' 1-product,
why don't they just sell it. And quit diluting, and signing
up for 8x-Super-Toxies, and other loans, and big gifts,
and platinum parachutes for the only guys whose votes count?
We shorters think about that kinda stuff,
instead of reading i-boxys, and PR's, and making phone calls
to IR guys, who are only paid to spin, and spin only.
Also, sincere thanks to cargo,
for allowing both sides to post.
extra Sincerely, extra [really].
