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Well said gfp..
I am still young, and my friends, family and I all have our health..
It is that "Mack Truck" feeling that is still getting me..
I'm hoping I will be able to tell the story of COR moving from .60 to $3 to someone like myself a few years from now when it craters again.. I'll know better next time..
Quick question to the board about a buyout..
For those of us that think that COR has the technology and expertise to do big things with AMPA's, but, they don't have the management expertise nor the cash to make anything earth shaking happen.., if COR does get bought out, and our shares are converted into the buyer's stock, don't you think that that buyer company will be sitting on a goldmine that they were able to buy for dirt cheap?
As much as all the knowledge on this board about the potential of AMPA's and COR have caused us to buy into an unfortunate disaster, we would at least have some inside knowledge that the acquiring company just bought some new technology on the cheap..
I guess my thinking is (and that's purely inertia based thinking) is that even if COR gets bought out for a $1-1.50/share, I'm gonna keep riding that new ticker symbol until I get my damn $$ back.. Even if it takes me 25 years!!
Just a thought...
Haysaw, I don't think I ever saw a stock with such a low insider holders %..
Did that number drastically change at a certain time? Was there any indication of a mass exudus by COR's management and board?
I guess we know they can't dump any more shares if things get worse.. A clear signal that things may be turning ahead would be that number jumping up.. We really don't have anything else to go by now.
Thanks for that Jim..
"You should never have had more than a very small percentage of your assets in Cortex."
My Loss of about $300,000 is pure loss.. From the time I entered COR, it has gone down, down, and down again..
I got in before the PIPE, some more before the FDA fiasco, some more after the FDA b.s., and then some with my last bit of cash as it drifted below .60..
I'm out now too.. fully loaded on COR..
I'm not sure why you think that.. this is all bad money.. ever last dime I have/had was/is either in COR, or lost on COR..
This is nothing but bad money .. bad bad money at this point..
I think I'm the fool for throwing good money after bad.. my total loss is over 300K now..
Neuro, I'd love to see you smiling because of COR..
I have found some more cash to pump into COR in the .60s..
Although, my average cost basis is still over 2 and I'm holding 350,000 shares..
If we see over $2.30 any time next year, I will personally fly to Cali and buy you a drink !
I get ya Aiming..
I guess I am trying to learn to get my concerns and comments across in a way that will seem constructive so that I can aprticipate on this board again.. I'm hoping folks will give me a second chance to be a part of this thing... (I have 350K reasons to want to be a part of things)..
It just sucks when some individuals act like that..
I hope that that is not the way I came across in the past.. If I did, I am very sorry..
Neuro,
As much as we have disagreed over silly COR speculation, I hope that your home stays safe.
thanks .. so it was more of a "take profits off the table" move for scs..
scs-- I hope you make TONS of money off of your buying at .70 ;)
Alert,
I undersatnd the luck part plays a roll, both good and bad..
OK.. before you read this, please forget for a second that you don't agree with my posts and don't like me..
Seriously, it's all OK.. I'm not as bad as I seem in a static form on the internet.. ;)
OK.. so, what I was asking scstocks was:
You have shown your entry and exit points for COR over the past years, and in remarkable fashion on not being able to get caught in the 30-60% dives, and have been able to take advantage of the nice upswings off of the bottom..
However, you did get into COR somewhere prior to the recent FDA decision..
Where did you get in? Was it prior to the PIPE, after the PIPE?
What made you get in at that time?
Obviously you got in for a reason at 1.90-2,50ish..
What made you cut your losses and take a bit of a hit around 1.80? (I'm assuming that you took a loss to get out before the FDA thing)
I respect what you've been able to do scstocks, and have been trying to learn from the historical perspective you have been posting.
Please understand I am not being a jerk :)
I'm just a curious guy..
I think my first post several months ago was a "what about this?" and "why do people think this?" and "not sure how this pertains to that?" .. and unfortuately, it didn't come off in a positive way.. for that I am sorry, for I think I have a lot to learn and offer for this board..
Not a PhD, but do have a MBA, and as well as a Masters in Engineering..
scstocks... You seem like one of the few people that have at least understood that I am not an a-hole, just someone that is curious and not that well at articulating via posting..
SO, fill me in man! What was your thinking from the pre-PIPE, post-PIPE, and the pre-FDA sale of your stock..
I'd like to know where you were able to jump in and go "hmmmmm.. this wasn;t the right entry point, I gotta get out now.."
Thanks!
sstocks...
Yet again the reason I hate communicating via the internet..
My comments were not intended to be negative.. I guess if you saw the expression on my face while writing things, I'd probably not come off in the way I hate that I am perceived..
I guess what I was saying is that you are talking about getting back in now.. I am wondering why you were in COR 2-3 weeks ago @ 1.80. You could have gooten taken to the cleaners if the FDA announcement came out early.
Thanks..
asu
scstocks..
at least be consistent when you bring up these points..
Oct 10th, 1.80
Oct 11th, .73
Aug 23rd, 2.64
Aug 24th, 1.90
You're previous chart showing COR's yearly lows and yearly highs clearly shows many times where COR's bottom was in the 1-2 range..
You could have easily bought COR with that logic at these 2 points in time and been screwed..
Yes, .70 looks great when your sitting at an entry point of 2ish..
However, if I had lucked out and taken my money off of the table at 1.80, I'd be weary of getting back in just to watch it hit .10..
Ssctocks, let's face it, you thought 1.90ish or so was a great entry point.. you lucked out and took your money off the table in time.. just think if you didn't.. let's say the FDA decison came out 15 days earlier and you got caught with your pants down like the rest of us ;)
.70 would scare the piss out of you right now!
Does anyone know what the average run-up plus premium paid was for a stock in the situation like COR's?
I think that may be a better guage than the 22% figure..
It looks like the majority of stocks taken out at a premium by a BP had made a nice run-up and the pps was doing quite well at the time of a buyout.. many at record high I'd assume.. Unlike COR where we are hitting record lows.
I'm hoping that instead of the BP saying, "why buy at $2 when they are only selling for .66?" they say, "this thing could shoot up to $4 again if they get a little luck, $2 is a steal."
I wasn't talking about you deleting his posts, but, people attacking anyone that has concerns
Jim,
When will you learn?? We can't hold Neuro accountable for anything he said. History has been re-written, even when you can go back and show exactly what was said.. It is pure human nature.. We all (longs) want to believe that there is hope.. and Neuro is the only person that is giving reasons why we shoulds stay positive. His track record of being right does not matter.. I have almost changed my tune from reading this board as a way to gleen more info about COR as an investment, and more as a science experiment..
This board is hypocracy defined.
Negative/concerned/questioning comments about COR to have anything to do with the current situation is completely off limits.. If you state those type of comments, you will be ritually crucified.. plain and simple..
It's just unfortunate that one can't contribute unless they blame the FDA for everything.
It's a shame..
Dammit!! Will people stop quoting the PIPE as a wise move!!
If Stoll was doing his job, he wouldn't have needed to do a PIPE for the company to survive the FDA rejection.
Alert, why can't someone complain about management's job while still holding shares? That is the most shortsided statement I have heard in years..
Can't someone have faith in the product, but lack of faith in the current management who's job it is to execute?
Neuro,
Just because some of the posts are non-scientific based, they are still valid. I wish you would just lighten up a bit, and understand that human nature, business tactics, etc. are also relevant topics.
Folks that have concerns, or negative things to say about COR's management are just as relevant as some detailed toxicity discussion. I know that 's hard for you to believe, but it's true.. If everything was built on science and what is right v. wrong, then COR would be @ $50/share.
This board would be so much more valuable as a whole with you here in a "holistic" sense.. Judging posts on the merit of the spirit of the discussion, instead of if you merely disagree or wold have posted something in that sort of presentation.
I have posted many valid questions to you, and in very constructive and polite ways.. Each and every time you reply, you think since I am on the oposite side of the fence from you, that I deserve to be treated like I am subserviant.
So, Neuro, take some time off if you want.. Go away forever if you want..
But, if you decide to come back and be a part of the board, open your mind up a bit and consider all ideas as valid. Even if the they are different then yours. "increasingly toxic and unproductive environment" is a product of your inability to see both sides of an argument in a respectful manner.. After a few opposite view posts that get slammed by you, it is hard not to eventually turn a bit nasty toned when commenting on your posts..
I am probably one of the most polite, and respectful people you will ever meet.. But, somehow getting treating me like my opinioin doesn't count, and that I am somehow 'smaller' than you, it is hard to not react in a negative fashion..
SO like I said, come back and contribute... I am willing to start over if you are.. Just understand that we are all equal here.. PhD or not..
Aiming, please do not delete this.. I have said nothing negative.. in fact, I am offering a turce and the ability to start fresh..
To be quite honest, I have been hoping you would eventually reply to Neuro with the same comment...
You can look back at all of the posts and see the same pattern.. (New poster with opposite view than Neuro.. Neuro give a passive slam to new poster making him look inferior and uneducated, poster's next post is a bit defensive, poster get reminded not to post negative things, poster gets mad at the hypocricy and posts something intended to be negative, poster gets jumped on by everyone, everyone feels bad for Neuro, poster in then labeled a black sheep)
Regards,
ASU
sure .. and the baseball players that move from Kansas City to join the Yankees do it for the nightlife of NYC..
They do it for the money and a chance at a ring..
Fred,
I'm wondering what the "why" is as well..
I'm hoping it's that he sees promise in COR..
I guess we'll have to wait and see if something is revealed in the CC.
Mouse, did you not read the email reply?
Stop being a sarcastic jerk..
You're giving us contrarians a bad rap!
I can accept that Stoll might be in denial, but I have a hard time thinking for a second that Tran is "blinded by greed".
I can't imagine that COR was the best offer a man with the credentials that Tran has would have available to him.. I think it's the other way around.. Tran is taking on a serious amount of risk by jumping on board with COR. Risk in lost wages, risk in damage to his resume..
Out of all of us that have ridden the COR train (Stoll, investors, R&R, etc.), Tran is in the best position to make a reasonable prediction on COR's future prospects..
At the end of the day, the unbaised opinion from a scuccesful biotech veteran is "I like COR enough to join the company."
As much as I am leary of COR's prospects, and the decisions that Stoll has taken on throughout his reign, I am liking the signal that the Tran hire sends.
The CC had better lay out some very concise, and concrete milestones. They need to show us the plan B, C, and D for COR. The email reply from Stoll set the bar that the CC will answer these questions..
We'll see! I have 350K reasons (shares) that are counting on it!
JD..
There's always going to be the haves and the have nots..
That's why at the end of the day, Stoll et al don't really have to care about the stock price, hence, they don't really have to care about the pain the pps has caused the investors of COR.. Yes, if COR shoot up to $20, they'd be rich beyond their wildest dream.. THEY"RE STILL RICH THOUGH!! Even at .70 a share..
I'm not saying this is unique to COR, but just the reality of things..
The package that Tran got was ludicris in comparison to how much the company has in the bank, and no real revenue stream in the future.. ahhh, except for more PIPEs.. Which, hurt us, and keep COR and the COR management salaries and perks alive and kicking..
It's kind of a sick cycle..
But, just as improtant as it is to discuss this compound v. that compound.. it is also important to discuss human nature (Stoll doesn't give 2 craps about us nor does he have to), the reality of the situation (stock price at .70, the lead product nixed by the FDA, the FDA the gate for all future success, cash to run aout in a little over a year), and the true facts that we know (Stoll is the head of the company, the company has hit an all-time low pps under his guidence).
This is all relevant stuff.. Yes, maybe it has been talked about before, BUT, it is still relevant. Just like the post about the compunds and the science behind AMPA's get discussed all the time..
Just because you're into the science of COR, don't shun or ignore the reality of the business side of COR..
Besides giving kudos to Stoll for protecting himself against a possible FDA rejection by doing a pps crushing PIPE (which is the most ridiculous back pat I have ever heard of.. He was the one that painted COR into the financial shape they were in that they were so cash poor that the only way they could survive if the FDA nixed them was a PIPE), he hasn't moved COR ahead one bit..
Why are folks so quick to have Stoll's back..
Please, tell me at least 5 things that are good about COR that happened under his leadership..
I'm sure we can come up with a dozen bad things that have happened under his reign..
I'm all for keeping this board civil..
But let's at least be realistic, and debate all sides..
Aiming.. except for swearing and remarks about children, leave all posts..
That's the way it should be..
Just be fair..
Neuro is not as cool as he thinks he is.. Not saying I am any better..
We are all equal here.
I just wish we didn't have a board that was like religion in America...
If a Christian says that all non-believers are going to hell, that's OK.. they are just stating their faith... If an atheist states they think Christianity is silly, then he has offended that Christian..and that's wrong..
I just wish folks would just stop being too cool for school!
Aiming has a "man crush" on Neuro..
If this isn't a direct slam, I don't know what is..
"
If someone with a shred of intellectual and personal integrity wants to ask that question, I'll answer it. Mr. Haynes, your behavior on this thread does not suggest either one.
NeuroInvestment "
If Neuro comes off like an expert, and throws his opinion out there all the time like it is fact and unchallengable, why can't folks (JH) call him on it from time to time..
Neuro asks for the attcks he gets because he is conceited and arrogant. Neuro doesn't simply post generic ideas and thoughts, he posts his opinion in a very "I am God" way..
There are dozens of posts from Neuro where he slams folks much worse than I, Mouse, or JH has slammed Neuro..
Just because he uses bigger words and a more "Dennis Miller" approach to his comebacks and putdowns, they are no less valid.
I have yet to see one post that is contradictive to Neuro's where he doesn't post back with a passive slam. He has a huge ego, and for us that are smart and can see right through his cocky, holier than though attitude, it starts to make you puke..
Yes, he has a PhD.. big deal!!
I am being sincere here: I am really starting to appreciate what you add to this board Aiming.. Your posts are very fair, and are well though out.. however, you really have a man crush on Neuro, and it would be nice if the person running the board was less biased.
OK.. sorry to post after I said I wouldn't for a while..
Neuro.. I have to give credit when credit is due..
GREAT analysis..
Tran could have bailed after the ADHD decision.. Why would he go to COR if he didn't see a pretty bright future? We're all out to make $$, including Tran. Tran only makes money if COR's pps goes up..
Ok.. so let's say he's in it for some low priced options..
COR would have to pop up pretty good for those to be worth much... And, why would Tran join COR just for a chance at a quick jump in share price, score some option $$, then bail before COR eventually dies..
It just doesn't make sense.. why would he kill his impressive resume??
It makes sense that Tran joined COR because he knows COR has massive potential.. He must feel pretty confident with Stoll's plan to go forward, as well as what he can contribute to the success.
This is a legitimate reason to be pretty stoked about COR.
Request to Naked Mouse.
NM - First off, where were you 2 weeks ago when you could have snapped me out of my trance? :)
Secondly, please do the rest of us that are still long a favor and go someplace else. Not because I think you're a a jerk or an idiot..
The bottom line is this..
It's too late for any of the folks left long to do anything about the gutting of our portfolios. We can't go back in time, we can just move forward.
Our only hope now is that time will pass, COR will throw another carrot out in front of some new investors, and the board will start to hum with the thought of $3 and beyond again.
COR easily had 5+ million shares purchased do to the hype glowing off of this board.. I for one can fully admit that I made over a 300K bet on COR alone due to getting caught up in this board. I have NEVER had that happen before.. 10 years of value investing, and a bet on a tech stock here and there..
Then a few weeks of reading this board, and I backed up the truck and bought all I could, even after the PIPE.
Maybe COR and AMPAs aren't that good at bringing the stock price up, but man, the cast of hypesters on this board can weave an amazing web of BS (I didn't mention any names!)... Yeah, I am the one to blame, but wow, that's like saying I'm to blame when I pay $10 to a hooker that looks just like Jessica Alba, and I end up getting arrested for solicitation..!
What this board needs is a cleansing.. The Monday morning quarterbacks need to go away and make room for the brighter future brigade.. Let's face it.. that's already happening..
I looked at the stock price and frowned, but, once I started reading the board, and saw the hype machine greasing back up, I smiled all day long.. A nice positive CC in the future.. Possibly a new CMO announcement... Rumors of a buyout? A BP Partnership?.. C701abcd whatever looking promising.. ahh.. brighter days ahead..
I am fully confident that I will see $2 again.. The key is to not buy into the hype and sell faster than I ever sold in my life when those levels get reached again..
Oh yeah.. per SCStocks advice, put the sell order in for $1.99.. :)
This is my last post until I sell at 1.99 ..
I'm sure all the hypsters will be glad for that.. Not that any one of my posts have been of value in their eyes, I'm sure they're just annoying to most..
And, going forward, very detrimental towards getting this thing back up..
So I say this in closing:
Keep up the good work hypsters..!
I mean this in all sencerity.. You guys are amazing.. I can't wait to see how you spin the next carrot.. It will be a pleasure watching from the sideline!
NOW, GO GET THIS THING BACK UP TO $2.. :)
Neuro et al,
In regard to figuring out a potential pps due to a sale of COR, I think one thing we could focus our attention on is the history of depressed bio stock sales. At least then we can start talking apple to pears, instead of apples to trees.
From my limited exposure to bio-stock trading, one thing I have noticed, is that a buyout regularly occurs when a small bio company has had a nice run-up in stock price due to some new promising technology, then the hint of a buy-out starts to rumble through the grapevine, the stock appreciates some more, and then a nice premium of 25-30% gets added on the top when a sale eventually happens.
Does anyone have a handfull of examples from previous stocks that have been kicked down so low like COR, and then ended up getting bought out? Was there at least a nice run up prior to the sale? Was the premium better than 25-30%
I know it's all speculation at this point.. But, I think if we can focus on a similar situation to COR's, we may be able to at least set some decent expectations on a buy-out pps.
My gut would tell me that if a sale occurs, the acquiring company wouldn't shy away if COR had a nice little rumor run up around 1.50, then bought out COR at around 2.00-2.15.
Once COR is on the market, I think BPs will have a bit of a bidding war since it is so insanely cheap right now for what it's IP can deliver to someone with loads of cash.
The difference between buying COR at 1.50 or 2.50 is peanuts to a big BP. The key at this point wouldn't be 25M here or 25M there, it would be that COR's IP is now for sale. One thing we can rest easy on is that a potential COR suiter won't be scared away by the price tag.. even at $2 and beyond.
As for the BOD directors voting out Stoll, it might be the best move to get the auction for COR started. It would show that they are serious in a sale, and not letting a scientist get in the way of the correct finincial move.. It also would make the sale easier for the BP, for they wouldn't have to deal with Stoll once they bought COR..
Just my 2 cents.. The weekend is almost over, and the only thing I can focus on now is the future.. An that future hopefully will involve a sale to a BP for somewhere over $2.
scstocks..
not your fault..
Now that we are getting over the shock of a paper loss, your anlysis has given us hope of an eventual recovery.
Yeah, I sure wish I was in at .60 with the proceeds from a 1.80 sale. But, that ship has sailed.. The mistake now would be jumping off this thing, and not getting the chance to recoup my losses, and maybe take a little bit off the top to make up for the stomach cramps I have had over the last few days..
Admittedly, I am not a researcher.. I am not a CNS educated person.. I am though, a quick learner.
This lesson will stick with me for a long time, and I will profit from this knowledge in the future.. I'm sure I'll make more $$ in the long run than I lost.
As much as we all felt that everyone in the world was looking at COR, and the whole world now thinks it's crap and is going to zero, there were only a small sliver of investors in our little pool..The pool will churn, and the % of us that are here today will be very low.
COR has a fantastic track record of bouncing back.
COR has amazing IP.
COR isn't out of cash for a long while.
COR is small enough and interesting enough, that a whole new group of folks will buy into the dream, and lay down their money once a new trial or BP deal lurks in the wind.
I own 227,000 shares of COR, and I'm sure there is going to be a group of folks thinking they're getting a bargain when I sell to them @ 2.50/share..
The broad market wil start to slow again, and folks will get tired of 3-4% returns.. They'll be looking at these cheap bio-stocks to make some bucks.. Lots of buyers, a little hype, and we'll see blue skies again..
SCStocks..
Thanks for posting those figures.. In brings up 2 main things for me.
1) If history has a couple of more repeats in it for COR, then I'm going to be OK if I just hold on and weather the storm back past my entry point in the 2's. 12 fricking times it repeated this! Regardless of it the overall market was up, down or indifferent..
2) Just how lucky you have been over the years (yet again, I mean that as a compliment)
In regard to my point 2, you can point to 3 years on your report where we sat at around 1.60-1.70 and that ended up being the bottom and then the thing shot up to well over $4.
If you would have shown me this chart 5 days ago, COR could have been a screaming buy since it had hit around 1.60, and then started to move up, with good news hopefully on the way, FDA approval, then a BP deal, etc.
How you knew that this was one of those "dip down to $.60" scenarios, instead of a run-up from $1.60 is beyond me..I looked at those charts a hundred times over the past few weeks as I loaded the boat up with more COR.. pretty much loaded the boat with everything I had.. I assumed it was the run-up from 1.60 time again.. damn you're lucky!
I assume that if we eventually follow the COR trend and get back up near $4, you'll have rode COR to victory again.
And, for that matter, so will I, for even at a mid-$2 entry point, $4 in the future would net me well over the 1/4 million I lost this past month or so.. a nice 500K swing..
Let me put a hopeful last entry to your posting:
Oct 07 = .65, Oct 08 = 4.11 12 months +3.46 share
One more item: You have said many times that unlike the previous time that COR had a set-back, they never were in such a great cash position as they are today.. Is that really true, and if so, how much better off are they then in the bleak times in the past?
Heck, if they've come back from darker days, I may be able to sleep at night:)
For all you've given to me, I'm glad I could give some back.
scstocks.. thanks for the tip..
I don't mean to imply lucky is a bad thing..
I've always rather be lucky than good ;)
Neuro,
For once can you take constructive criticism of your opinion and just let it go?
Why do you always have to be RIGHT?
Especially when your track record says you're usually wrong?
Aiming .. this statement is nothing but fact. It should not get taken off..
Actually, you should tell Neuro to let other's comments stand without constant rebuttal and belittlement..
No offense SCStocks.. but what you are saying is all relative..
You didn't make money all those years on COR because you were good, but because you were lucky..
I lost my shirt because I was unlucky..
You can refute this statement by saying "buy at the bottom, and ride it back to the top." However, there is no strict definition of the bottom. The bottom appeared to be 1.70 a month after the PIPE.. It now appears to be .60, the reaction to the FDA rejection.. It could very well be .10 as the new low if COR runs out of $$ and does another PIPE..
I'm glad you have won so many times on COR .. but you got lucky.. stop acting like you are better than the rest of us by somehow implying we didn't follow the buy low sell high methodology..
You could have as easily lost out on the upside if the curve ball from the FDA wasn't thrown.. Then 1.70 would have been the bottom, not .60.
I know I'm on the losing end of this thing, but, stop patting yourself on the back.. your arm is going to start hurting..
YOU GOT LUCKY!
Aiming,
Maybe I mistated.. I think the groupthink came in in regard to lofty expectations in regard to the upside potential, and the lack of the big of downside risk..
The FDA decision caught everybody off guard..
This definititely wasn't group think..
Especially considering it looks like the rejection was due to something that another division of the FDA said wasn't a problem.
Neuro,
I mean this with all due respect..
Have you ever come close to being correct on a pps for a stock?
If not, could you please refrain from mixing your amazing knowledge of biology with your horrid stock picking analysis?
Regards,
ASU