posted
I'm surprised there is not more coverage of Compliance Systems here on this forum. Anyway, for those who have never heard of it, it's a technology company who just refinanced it's cornell debentures and bought the debentures back and ended the dilution.
COPI is an OTCBB company, fully reporting, and has projected to be profitable in the first half of this year. This projection is not in a press release, but in the 10Q SEC filings.
The price has rallied from about .01 to .055 at Friday's close, but it's down from $1.60 yearly high now to this level, so there is a lot of upside, imo.
Anyway, if anyone has any questions, I know a lot about the company, please ask and I'll try to answer.
CH
Posts: 5 | From: N. Metro Atlanta | Registered: Jan 2008
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posted
There were a few reasons, dilution definately one. IMO, the stock was initially overpriced. As the market adjusted and Cornell diluted, other financiers that bought at a discount watched their discounts disappear and bailed. Finally, the company, not understanding market dynamics (which is true for a surprising number of newly public companies), did virtually nothing to keep investors informed of its actions. Filings are all we got. This made COPI very attractive to shorters as well.
And that's how a $1.60 company became a .001 company in a couple months.
Now COPI has twice the shares, but also twice the revenues. It is a much more valuable company than it was 6 or 8 months ago. Buying out Cornell and hiring an experienced IR firm means the old problems will not recur.
It remains undervalued despite the recent run. Up another 25% today.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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posted
Kermit's post covered why it went down, now the value is returning to COPI shares and at .07 it is still way undervalued by any measure, imo.
COPI will report earnings soon, and the increase in 4th quarter revenues will allow for projecting whether or not Q1 of 2008, this quarter, will be NET PROFITABLE... Regardless, next quarter has already been projected profitable by the last 10Q SEC filing's guidance, so COPI still should have nice upside.
Posts: 5 | From: N. Metro Atlanta | Registered: Jan 2008
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quote:Originally posted by cargohauler: Regardless, next quarter has already been projected profitable by the last 10Q SEC filing's guidance, so COPI still should have nice upside.
And where is that located, can't seem to find it in either Nov 14, 2007 or Aug 20, 2007 10QSB's.
-------------------- ......in Psychiatry circles it's known as a "warning sign" Posts: 1736 | From: Saint Louis | Registered: Jul 2005
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quote:Originally posted by stocktrader22: i wish i could find somewhere cheap to short stocks under $5...anything with cornell capital involved is a given.
news today via 8k, we're done with Cornell!!!
Posts: 3086 | From: miami | Registered: Nov 2005
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