Re: $12 TPTK probably obvious
Fold preflop, yes.
CO raised preflop and now reraise on the flop, he should have a bit of a hand here usually, most likely TT+ or at least AKcc but you have really good odds so it's tough.
I'm not that concerned by BB but you can not forget he just called your flop bet(you should remove the part of the hand after your last action).
If CO is any serious, he should understand he has very few FE here and I'd say you're beat a huge % of the time.
Fold.
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