All toxics are restricted, for a short time...
But, these "Preferreds" are "convertible, at any time" ,
and the restrictions will vanish in no more than
6 or 12 months. But, COPI 'forgot' to release that
critical info.
And, all toxics are massively dilutive, underpriced
give-aways, just like these 550 Million 1-penny 'shares'.
Real companies don't do such things, unless they need cash,
desperately + immediately, and can't otherwise dump
enough new shares, directly into the float.
But, the worst part is, outside shareholders can't vote
against any more of these toxies. The only1 voter can
'approve' Billions more, at $0.001 each, whenever he wants,
and 'sell' them to his best 'friends' , again, and forever.
Let's just see what happens to the price of COPI, in the
next week. And see if the Hedge Funds jump in.