Absolutely. Back then the Pink Sheets arrived via the US Mail. And that was also before EDGAR where people could actually do the required DD on a stock and see it was garbage and they would be guaranteed to lose their entire investment.
And that is what toxic death spiral convertibles do. Every time. Guaranteed.
COWI has already lost 99.99% of its value since they first issued the toxic death spirals. And even after not one but TWO 1-200 reverse splits, here we are again right back at no-bid and the O/S soaring due to daily dilution from the toxic death spiral conversions.
COWI is an absolute train wreck, and the Company's own SEC filings were available to everyone that it was not only going to happen, but has been happening now for years.
And it is not going to end, which means current and future investors will lose everything they put in this stock, too.
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