cargo; We will save this one. A true classic for pinkys...
" The Company is encouraged by recent sales gains and
reductions in its OPERATING SHORTFALL of GROSS MARGIN to
selling, general and administrative EXPENSES. Under FAVORABLE
sales, cost and expense PROJECTIONS, the Company ANTICIPATES
its operations MAY become CASH-FLOW NEUTRAL during the SECOND
QUARTER of fiscal 2008. "
Now, here's what it actually means.
" Our always-money-losing company is still barely able
to borrow enough new toxic cash, to keep paying our
'executives' their salaries + raises + bonuses + etc's. "
And, " We definitely need more loans, quickly, because we
know we are 'cash-flow-negative' now, and we are just hoping
that we still aren't CF-negative in July 2008. "
By the way, ALL PINKYS SAY + DO JUST THAT. And,
when they can no longer fool unvesturs into buying
brand new shares, they run out of new cash, quickly,
and they go BK, and go away, quickly.
A clever string of words. That is not untrue.
So, it's all legal. And, it was still working,
because it kept getting repeated. But no more.
Now we all know what that string of words actually means.
JUST ASK ANY REAL ACCOUNTANT.
By the way, if that was actually also true, as of 31dec2007,
copi will earn the Red Flag Badge Of "NOT A GOING CONCERN"
on their 1st shot at Independently Audited Financials,
assuming their new Accountant does not quit before signing.
And, we see absolutely no way to avoid it, since copi admits,
in the post provided by cargo, that COPI ALWAYS WAS,
AND STILL IS, CASH-FLOW NEGATIVE, AND ONLY 'ANTICIPATES'
THAT THE CASH BLEEDING 'MAY' END BEFORE JULY, 2008.
Well, we learned 2 good new thingys today.
Thanks Again.
extra Sincerely, again, [really, again.]
Averaging-down is profitable, for shorters, only.
