Exactly, but BLUE CHIP, in that it is an operating COMPANY that is in sight of BREAK EVEN on an operating basis.
It is well managed, still has a low float, and has one of the most well respected CEO's and management teams in its field..
Other BLUE CHIP penny stocks lately have made several hunderd percent returns for their investors recently, Cyberlux and Seaway are two that come to mind and have a lot more shares outstanding, but are still running big for their investors.
Unless you get into billions of shares, the emphasis on a penny stock is on revenues growth and the rate of increase, not some debt reduction for equity. COPI appears either headed for profitable operations or for a buyout, that's why I call it a blue chip, and I've looked at thousands of penny stocks!
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