%found after a bulk collect

Today I was reminded of a mistake I so often make:

OPEN c_somecursor;
FETCH c_somecursor BULK COLLECT INTO t_somecursor;
l_found := c_somecursor%FOUND;
CLOSE c_somecursor;

IF l_found
THEN
dbms_output.put_line(‘Jup, found something’);

The title of this post should give anough hints where this goes wrong. Even if there are records fetched %FOUND does not give back TRUE.
This does work:

OPEN c_somecursor;
FETCH c_somecursor BULK [...]