an EXTRA probable explanation ...
Shorters now are sure that copi surely WAS BK by last Xmas.
They were in Default everywhere , and still losing money
every day , as the economy for telemarketers continues
crashing faster than even the real economy.
copi's Only chance is to print&dump more common 'shares' ,
faster-than-ever. And, copi's creditors decided to give
the pumpers one more last chance. Can't hurt. It's free
money, to partially pay down their DEMAND NOTES.
They now, since the 'restructuring' , Totally Own All Of
copi's 'assets' , and Every Penny Of Revenues that Ever
Floats In , Until the DEMAND NOTES ARE 100% PAID-OFF.
Here's what we would do , as the ZERO-NOTICE-DEMANDER.
Just let the copi execs keep 'working' , for no salary ,
until the DEMAND NOTES are ALMOST PAID-OFF. Then, file
the 'DEMAND' , and take ALL OF copi's 'assets' and just
keep collecting cash from VeriSign , [who does ALL of
the Real Work Anyway]. Remember, VeriSign Got the AT&T
'contract' , NOT copi.
Bottom-Line IS , NOW , that ALL copi common 'share'holders
value , combined , is now $zero , and always will be. And,
the 10-K will re-prove it ; assuming that copi even bothers
to ever file it.
extra , Sincerely .
P.S. ; It's not 'worth it' to day-trading shorters , until
copi starts 'trading' ~$5,000 per day. And, that All depends
on the copi averaging-downers. If they come through with
enough new cash, copi could 'trade' for a little longer.
If not, the DEMANDER will just take copi 'private' , and
All copi common longs will share $zero.
P.P.S. ; There is NO 'acquisition' ; except that the
DEMANDER just 'acquired' ALL of copi. Which is probably
why copi 'hired' + paid that new ex-MicroSoft 'exec' guy.
Let's see what rolls , starting in less than 8 hours.
By the way; the copi crumbles quicker, if the old longs
try to unload their 130++ Million commons , ASAP , before
copi quits 'trading' .