cargo; You seem to be correct. We all can learn new thingys...
And, those who admit it, have much more credibility.
And, those who ignore obvious Facts about the Real
value of their unvestments, have more bad 'surprises'.
Here's a basic Fact. ONLY FULLY DILUTED EVER COUNTS
Especially in pennys + pinkys, where the Fully Diluted
is at least 8x the current 'Outstanding' common. [like copi]
And, it only takes 1 voter to raise it, to anything,
anytime, forever. [like copi] [and swvc, our other favorite]
Basically, we shorters look at this picture, and see:
Everytime an outsider buys 1 common COPI share, he just
bought 7 more copies, and gave them, for free, and forever,
to the 1 guy who voted for his own permanent massive 8x-cut.
Or, this sub-prime picture.
Buy a copi-like rental house for All cash, for $1,000,000.
But, you must rent it for no more than $0 , because copi pays
$0 dividends. And, you can't live in it. It's just wallpaper.
But, if it gets bought-out, for $8,000,000 , guess what?
You are lucky to get your $1 Million back, with Zero interest,
because the CEO gets the very first 87% of the selling price.
[Assuming Zero commissions, and Zero margin interest.]
We all live + learn, or should. The sooner, the better.
And, Thanks Again to cargo. extra Sincerely
He did learn some of us something today.
Namely, a 10-K must 'Try' to have a disclosure of the fully
diluted float, 'within a few days of Filing'. Even though the
finanshills will be 'as of' the close of the Fiscal Year,
which in copi's case, will be at least 2-3 months old. Which
is exactly what Real companies do. However, if Real companies
are doing really good, currently, they are allowed to say so.
And, usually do. Like, in a PR. Especially if they are paying
Big-Bucks to a PR Company, that is actually paid to release
good news, but ONLY IF IT IS ACTUALLY TRUE. Otherwise, the
PR guys get sued, even if they were grossly 'mis-informed'.
Because, they are supposed to check. Just like Independent
Auditors.
Finally. copi seems to be temporarily stalled.
And, right in the mid .03s. Just like someone else is
covering shorts, right where we said we would, just a
few days ago. How could that happen. Maybe we are having
some short competition, or short trailers. Or, maybe we
really always planned to cover at .0426 , and make a
quick + riskless 40% , after shorting at 0.071 , and higher.
Anyway, as Gene Autry used to sing,
Happy Trails To All, Until We Meet Again
[shortly].
