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COPI .016 +60% Friday!!-Why-COPI-now? Earnings Run?

Looks like some big buys started late Friday on COPI! The below is what the COPI longs are holding for...

If we are successful in securing financing, and we realize our expectations regarding increased TeleBlock revenues attributable to the imminent launch of this product by the country’s largest telephone carrier, we believe that by the end of 2009 we will be properly positioned to move forward in spite of the current economic environment.


Said Dean
Garfinkel, CEO of Compliance Systems Corporation. "However, the Company recently
added a Tier 1 telephone carrier distributor that provides service to a
significant portion of the Fortune 1000 community. We believe our revenues will
increase and our customer base will expand as this carrier begins its commercial
rollout of TeleBlock.

As you may know, we have been working very closely for the past year with one of the country’s largest telephone carriers, implementing our TeleBlock® products and services across the carrier’s entire network. Over the past few months, this carrier has been making available our TeleBlock products and services under its “controlled introductory phase” and we have been advised that they expect to commercially launch the TeleBlock service later this month. We believe that, given the size of this carrier’s customer base, having TeleBlock available for its worldwide customer base may result in dramatic consequences for COPI.


TeleBlock and enhanced caller Id call counts began to increase significantly during the second quarter. The Company’s TeleBlock call counts rebounded in May 2009 with an increase of 12.9% when compared to April 2009. This trend continued into June 2009 when TeleBlock call counts again increased by 11.3% over the prior month. Enhanced caller ID appears to be following a similar trend. The Company has increased its customer base for this product and expects call counts to continue to increase as the year progresses, subject to seasonal and other economic factors.

Quotes from Shareholder letters and SEC filings in 2009.

Now- from the most recent Sept. 22 Financing 8K... COPI issued warrants to finance folks at .05 and Insiders set up an selling program at .05.... This protects them from charges of insider selling, as it is automatic... Let's see... Stock is at .016 - and insiders sell at .05... That is a 3 bagger from here! And earnings are due out by Nov 15th in 2 weeks... Nuff said..


The Agile September 2009 Debenture is to bear interest at the rate of 15% per annum, payable monthly, although the Agile September 2009 Debenture further provides that, in addition to interest, Agile is entitled to an additional payment, at maturity or whenever principal is paid, such that Agile's annualized return on the amount of principal payment so paid equals 30%. The principal and all accrued and unpaid interest under the Agile September 2009 Debenture is, at the option of Agile, convertible into shares (each, an "Agile September 2009 Debenture Share") of Common Stock at a conversion price of $0.05 per share (subject to anti-dilution adjustment). The Corporation's obligations under the Agile September 2009 Debenture are secured by all of the assets of the Corporation and are subject to limited non-recourse guarantees of Dean R. Garfinkel, the Corporation's chief executive officer, Barry M. Brookstein, the Corporation's chief financial officer, and an entity in which Mr. Brookstein is the sole owner. Such guarantees have been secured by a pledge of the preferred stock owned by the guarantors.

Item 8.01 Other Events.
Dean R. Garfinkel, our chairman of the board, president and chief executive officer, and Barry M. Brookstein, our chief financial officer, have entered into "Rule 10b5-1 plans," each dated as of September 9, 2009, pursuant to which they each initiated binding, irrevocable sell orders, with respect to up to 1.75 million shares of our common stock owned by each of them, at a price at or above $0.05 per share. The sale period began September 1, 2009 and terminates on August 31, 2010. No sales have been made through September 21, 2009 as the market price of our common stock remains below the threshold sale price under their Rule 10b5-1 plans. Under these 10b5-1 plans, Messrs. Garfinkel and Brookstein are prohibited from exercising any subsequent influence over how, when or whether to effectuate any sale of their shares.



http://biz.yahoo.com/e/090922/copi.ob8-k.html