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Drugdoctor

02/23/08 10:09 PM

#28978 RE: extra #28976

Got a link to this statement? I didn't think so!

Every 1 new share that drifts in to the copi common float,
as some outsider buys it, and/or some insider 'exercises' it,
is a totally free gift of 7 extra free shares to the lucky
winners of the Preferred game.
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Drugdoctor

02/23/08 10:10 PM

#28979 RE: extra #28976

What price are you buying COPI at?
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Drugdoctor

02/23/08 10:11 PM

#28980 RE: extra #28976

The Company raised $2.5 million by issuing Serial Preferred A shares at $1.00 each

How awesome is that? COPI is doing so well that they found investors to INVEST 2.5 million dollars into their shares when the shares were trading at sub-penny!

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eelfland

02/23/08 10:19 PM

#28981 RE: extra #28976

It's 12%. And the Cornell CD's were even worse. I think they had essentially no floor, or .001. Something like that. Also, it's better for the COPI insiders to have control of the company than it was for Cornell to have them by the balls. Like I said, the current deal is bad for the common shareholders, but the Cornell deal was pure death. Way worse. Just look at the chart. Getting rid of Cornell was good for everybody, but mostly good for the folks who got blessed with those preferred shares--whoever they are. Insiders. At least with Cornell we knew who and what we were dealing with.

I agree with you that it's the insiders' job to get retail share-buyers' money. It's how they make a living, since the company doesn't make any money. It's the way penny stocks work. But still, this one's better than most.
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Drugdoctor

02/23/08 10:36 PM

#28985 RE: extra #28976

Once again, Shorts were wiped out 100% losses on COPI 55 times since Mid-August... They were wiped out 20 times since just mid- December.

Remember a short loses 100% of his position at a double on the stock...

.01 to .02 wiped any short out 100% .015 to .03 - yep 100% wiped out..

.05 to .10 Yep, wiped out...

Anyone see just how wrong anyone claiming to have made money shorting COPI really is?