To: chirodoc who wrote (4951 ) 7/11/2000 9:04:33 PM From: chirodoc Read Replies (5) | Respond to of 6039 *************WHERE WE ARE**************** mr. packer's letter today should assuage anyone's fears that coii will not get back to business as usual. trials module 3 will probably be approved, like module 2, shortly after they supply the FDA with a few more items. that means to me that we could have approval of module 3 this month or early next month. wouldn't that be nice! module 4 is being worked on now. that is GREAT news. that means that it COULD be submitted in august with module 5 going in a short time later. these are just my guesses. the fact that they are so close to finishing trials is GREAT news. that tells me that applying to the FDA could, in all likelihood happen this fall! with approval to follow shortly thereafter. wow! th ongoing dialogue with nasdaq my guess is that coii got all of the documents into nasdaq last week. the next step would be for the nasdaq lawyers to take a look at everything. there are probably tons of boxes of material, so give them time. then, they would invite coii in to meet with them and discuss the issues at hand. since this is being handled on "attorney time" i am sure that it could drag on for a little while longer. let's assume that coii meets with them this week or early next week. if there is anything they still need to look at, that could take a few more days. my best guess: we hear about how things are going by the end of this week or sometime next week. what should you do? if you want to trade coii, i suggest that you load up on the first sign of a big rally on high volume--the shorts will probably cover part of their position and go long at the first sign that things are going in a positive direction for coii. if you are afraid lots of investors are. the purpose of the bashers and short sellers is to create fear in the minds of investors, forcing them to sell. fear is a proven tactic to take cheap stock away from unsuspecting investors. if you are worried, selling now might make you feel better, but it might also make it quite unprofitable to buy back in. what if coii gets approved again soon? we need to assume that the stock could drop a bit from here as more shorting and worried investors pressure the price. the problem with selling now is approval by nasdaq could cause a HUGE jump in the stock price--50-100% in a couple days would not be unreasonable, especially if we go a little lower from here. don't forget that approval by nasdaq would mean that, after looking at EVERY meaningful document that coii has, they felt that coii was OK. that means that it would be almost impossible for coii to EVER have a problem like this again. good luck to all, curtis