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Re: DD-214 post# 46528

Monday, 03/02/2009 11:31:52 PM

Monday, March 02, 2009 11:31:52 PM

Post# of 119915
We're surprised that copi even lasted this long...

The $600,000 cash that copi owes in a few months
should definitely drag them under.

Last year, they had to borrow it, and pledge everything
as collateral, and still pay 30% Interest, on a very
short term loan, plus a load of fees + 'gifts'. Without
that super-sub-prime 'loan' , copi would have sunk to
BK last year.

This year, copi can not even get Any loan, [and Not even
due to the bad economy], But, they Must pay back last
year's loan, in All cash.

extra , Sincerely .

P.S. ; It's hard to believe that the longs still believe
that it is possible for copi to 'acquire' anything ,
except/maybe a 'company' that is in worse financial shape
than copi.

We still think that VeriSign will just buy the pieces of
copi that they already [essentially] 'own' , through the
BK Court, as copi evaporates. Of course, All commons will
get $zero. And, even the 'Preferreds' may get near-$zero.
But, we expect that 1 or 2 of the copi 'execs' may get
a short-term part-time 'employment contract' with VeriSign,
if they agree to 'work' from their personal home offices.

By the way. copi's average-daily-volume is so low, it
would take a month for just 1 of the remaining common longs
to try to dump their 'shares'. Combined, All of the longs
are stuck with 130+ Million. We see no way that even 25% of
those could be liquidated before copi goes BK.

When the first 1 starts dumping at any-bid , there may be
1 last chance for the shorters to profit from copi.
Remember, anybody who is short, when BK starts,
will Never even have to cover, or pay another Brokerage
Commission to close-out, + collect their profits.

Averaging-Down is profitable for shorters, only [and All pinky CEOs].

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