copi's future has been easy to predict, profitably,,,
for all shorters, and a few 'lucky' flippers,
and a few fans who communicate Directly with copi execs.
But/since copi Files with the SEC, and keeps proving that
they keep losing money, and running out of cash, with no
longer even a mumble about ever even being profitable ,
or even close to 'cash-flow-neutral' , especially as the
economy crashes ; there is not even any need for 'inside
info' , to Know that copi Must be closer to BK , every day.
copi may be able to delay paying off their $600,000 loan,
for a few months, because the lender Has No Real Choice.
If he demands Full Payment, + 30% Interest , On Time,
According To The Legal Contract, Which Was Filed With The
SEC; copi Must get another even-subber-prime 'loan' , or
File For BK.
In which case, all copi common 'share'holders will get to
share $zero , and probably most of the 'Preferreds' .
The only real question is : When will the first of the big
longs start exiting? There are several who have claimed to
own many Millions of copi common 'shares'. Just the first
'ASAP-at-the-bid' bailer will probably sink the copi common
price by 75+% , [and we quote, from unohu] :
" ... because there has been such thin trading of the stock below .01! "
extra , Sincerely .
P.S. ; We believe that it is deliberately + flagrantly
deceptive to claim that it even matters that copi might
be making a 'gross profit' from VeriSign's sales , which
account for ~90% of All copi 'revenues'.
For at least 3 reasons :
1] copi's UNavoidable Expenses are ~3 Times the cash that
VeriSign dribbles to copi.
2] If VeriSign did not profit First, copi would get $zero.
3] And, [ioo], we believe that VeriSign is just waiting
for copi to go BK ; and have the BK Court 'Award' the copi
software + rights to VeriSign , for the slight cost of
paying off copi's current bills, To Outsiders Only, with
All Commons + 'Preferreds' Getting $zero , and All copi
'exec' salaries being $zeroed-out.
Just watch for a few more months. With the shorters.
We will know that the end has started, as soon as the
daily volume starts increasing. With or without Any
PR's , or Filings , or 'Acquisitions' , or 'News' .
Just the volume-driven down-ticking is All that matters
to the shorters. And if/when copi goes BK , the shorters
don't even have to cover. They just collect 100% profit,
without even a close-out Commission, to Any Broker.
Who knows if copi ever even had a chance Before the economy
tanked? [We never thought so. We think that they just had
to 'go public' , after losing money for 10+ years.] And,
who knows how many $'s the longs have contributed since the
copi IPO ; just to cover copi 'exec' salaries for a few more
years , along with their $12,000 car expenses [each] , and
all other possible expenses + conventions + etcs. We
estimate that the already-spent tab is over $10,000,000 ;
and already fully paid by the longs. There are still ~250
Boardmarkers. So, that's just an average of $16,000 each.
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