OT: Jerry, the plan for the next 4 years (actually, it's a continuation of 20 years, but they need Dems to accomplish the next part) is to destroy the free market with bailouts for everything, thus rewarding poor performance at the expense of the have's which includes prudent savers who can't get any return for their prudence.

This will be accomplished by a second TARP, that also fails, causes an impossible debt burden that leads to a dollar collapse and one-world currency. Also, the DEMS will push the "carbon tax" idea, thus further depressing the consumer from yet another tax. They think taxing carbon will moderate the sun's intensity.

Mixed into the next four years will be high unemployment and probably civil unrest. Many ways to accomplish this including a staged assassination depending on who refuses to co-operate with their machinations (remember Ron Brown's mysterious death?). The end result of the unrest - martial law and UN troops invading our homes and confiscating weapons.

I hate to realize this all, but our great American way of life, basaed on the Constitution, has been under a stealth attack from unseen hands since the first Bush took office. Amazing that they are able to co-ordinate that kind of crap on a worldwide level.

All John Q. wants to do is be left alone and earn an honest wage. Sadly, nobody was minding the store. In that light, it makes sense that we have been occupying Iraq for seven years, costing Trillions and doing ziltch to protect our country - the side effect? The military families struggle mightily and who wants to enlist in this travesty for the future? thus weakening the US' own military. GW is no friend of America.
MF4

Davidal,
I don't think another 6-8 months of cash will "strengthen COR bargaining position". I've heard this argument 4 or 5 times over the last ten years. You know what? COR never gets a deal and eventually they do another PIPE. It makes one wonder if this isn't just another long-running scam?

I mean here we are again. COR has strong initial proof in 2 indications. BPs are IP-poor. This is the perfect situation for COR, if legitimate, to get some BP interest, possibly a bidding war, and a great deal. And yet with the end of the year approaching, the sp is as low as ever.

Say what you want about current conditions etc. But, considering the supposed strength of pipeline, something doesn't smell right here.

Show me the GD money already!
MF4

Corwatcher,
COR situation reminds me of the Green Bay Packers vs. Vikings game yesterday. The Packers were constantly penalized for questionable calls by the refs (the FDA). The Offense was under pressure and scored very little and looked incompetent (COR management), But the Defense (the scientists and the IP) had 3 INTs, one that was returned for a TD.

Still, despite the coach and the pathetic offense, the Packers were in position to win the game with a long, but doable field goal at the end of the game. Unfortunately, the kicked was just wide.

The comparison being that COR is basically down to one play and is running out of time. The management has always implied deals were close, but so far, nothing material has happened and the cash (time) is running out. It could still happen, but it would be better if this management could have engineered a substantial lead going into the 4th quarter.
MF4

Tregaron,
Take profits. I'm looking for a reversal today, but there's just nothing positive in the general market. Depressing.
MF4

Well, the weather sucks today. So does the market. All this talk of poker is making me want to play. I came in 16th, out of 130 in a poker tournament Tuesday. Missed the money by a carrot length. Sounds familiar.....very familiar.

I think I'll sell a few shares of COR and play more poker. Same odds, more fun.
MF4

I expect a $100M partenership to be announced in the next 10 weeks.
MF4

Not sure the rules on any particular IRA, but I have both a Roth and traditional IRA accts. Different brokers.
MF4

I'm looking forward to hearing Varney make a presentation in early November. Hopefully, he can muster some excitement in his voice.
MF4

GFP, thanks for the article. However, it doesn't seem to reflect the fact that Evergreen did a financing recently, selling shares at $12 and has over $300M in the bank to fund their expansion. Plus, they have $3Bn in backlogged orders. They are planning to produce 800 megawatts by 2012. That's about 80% of FSLRs projected capacity. Plus, Evergreen's process uses half the silicon of traditional manufacturing. So, applying Jubak's metric, would have ESLR at $160 in a few years. You can pick it up for $2.50 today. That's a 60-bagger.

Oh well. I always find these companies like COR and ESLR that are long on potential and short on delivery. I sure can pick em!
MF4

GFP,
I sure hope you're right. My two biggest holdings, COR and ESLR have put me in The House of Pain! Good god, I need a win!

In July, oil was $140 and heading to $200 (per GS). Pipelie attacks daily. Now, not a peep. Sure looks like, once again, things were manipulated globally. Now, solars can't catch a break. If it wasn't for bad timing, I'd have no timing at all!
MF4

Clearly, we need a partnership to run some trials with huge patient numbers. It's amazing how one slightly adverse symptom (probably caused by the patient's own health condition, not the drug) causes all kinds of preculation on this board.

Oh please oh please give me a good collaboration deal for Christmas Santa! I promise I'll be good this time!
MF4

Jerry, Once this market meltdown stabilizes (probably after the election, the new year, or when Bush can do no more harm), Cortex should leak (through various unconnectable sources) that it is in serious talks with a big European pharma. If the rumors are persistent and credible, the stock will rise.

The fear of losing out will light a fire under the arse of a U.S. BP and get COR a reasonable deal. It's the only way. The current way of doing things is getting us nowhere.

Plus, at these prices, even a 100% premium is keeping most of managements options under water. It's also possible that COR is dragging their feet until that date in january when 4-5 million warrants expire?

It seems that all forms of personal financial improvement for me are becoming carrots on an ever-lengthening stick. Minimum wait: 2 years.
MF4

Everybody assumes the government wants to do everything in its power to improve conditions in this country. But, just think for a moment about the unthinkable?

What if the policy makers of this country are beholden to financiers that funded their campaigns to get them into a position of power? What if said financiers resided overseas? What if their motivation was NOT for the improvement of the USA? If so, what's the endgame?

What if it's consolidation of power around the world? A new world order. How could this be achieved? It would take time to put the people in place. To undermine the Constitution. To unbalance the 3 branches and give the Executive branch more power than the others. To create a state of fear where citizens were willing to allow intrusions, to give up their personal protection from tyranny, to accept higher taxation. To take on more and more debt.

I'm not saying that the current world situation was engineered to force a One World System, but you'd have to be a sheep if that question hadn't crossed your mind this year.

I pray the people in power stand up in front of this coming tidal wave, though I doubt they have the conviction or ability to do so. I pray that I'm wrong about the diabolical nature of this threat and hope that I'm being overly-pessimistic and paranoid.

I wish us all the best and pray that Cortex can fulfill it's promise and potential. At times like these, hope can be a powerful ally.

Despite my losses, I still have the ability to contribute to some charities. Last night, my girlfriend and I sent the balance of our mad-money fund to a local charity that provides Thanksgiving meals to those in need. That felt really good! Way better than anything the stock market has created this year.

Sorry for the long diatribe. If you want to feel better about the long Cortex limbo, I recommend anyone that feels moved to act on it. We, the brotherhood of man, have to stick together and help each other out.

God bless!
MF4

Neuro said: Why would a prospective partner offer $40 million for 10 million shares when the market price says it should cost them $8 million?

Why? To give COR a cushion to produce some potentially valuable improvements in the BPs pipeline, infuse cash and investor confidence in COR. This helps their pipeline and with the eventual improvement in CORs share price, they get an improvement in their investment portfolio. This would truly be a "partnership". Kind of a rent to own agreement.

Unless we are all delusional here, doesn't COR have a ton of potential? Isn't it worth $40M to lock them up for 5 years? Maybe I'm nuts?
MF4

Neuro,
Isn't there some creative way that COR could get their price up to an acceptable range with some creative deal structure?

For instance, let's say COR and it's prospective partner structure something like this: Partner takes an equity stake in COR for $4/ share for 10M shares for RD rights, with a contingent use (AD, Rett's or Huntingtons?), if RD fails further trials. COR gives partner warrants for 10M more shares at $6 good for 5 years. Partner would also pay rolyalties.

That way, if the partner succeeds in getting RD to market in 3 years (incentive to advance the indication quickly) and generates revenue, COR stock price goes up much higher than $6 (hopefully), and the partner can then decide to cash out the warrants (at a profit), or exercise them en route to a buyout of COR at a much higher price. It seems like there must be some kind of deal that could be worked out with all of the potential of CX's?

Do you think Stoll and Varney are being too rigid in their wanted terms to consider something unusual for terms?
MF4

I cannot comment on the stage of discussions with potential partners. However, rest assured that this is remains one of our top priorities.

Regards,
Mark

While Mark typed this, General Urko was reloading the bong and Davey was at the door paying the Domino's delivery guy. Roger and Maria haven't been heard from since yesterday when they walked off together to a private room holding a bag of some powder taken from the lab.

Oh well, just another day at Cortex headquarters.
MF4

altshrug,
What if Stoll gave Warren Buffett a call and explained the situation. Get a cash infusion of $100M in return for 49% of shares. That would help, huh? Or Bill Gates? $100M is a day's interest for those guys.
MF4

Personally, if COR gets a non-dilutive deal that allows them to keep going for 5 years and gives a BP the go-ahead with RD, but punishes the BP for letting it languish, all will be forgiven. Obviously, COR is looking for a partnership. Selling the company at this price would not be in this shareholder's best interest.

If you'll recall, I'm the one that first started using the phrase "show me the GD money already!" I'm as impatient as you after having waited 12 years already. And yes, I still have my suspicions that this company may be a scam. But, either they fooled me again, or just maybe, this time it's for real?
MF4

asuhowe,
First of all, sorry that you over-weighted yourself in a speculative biotech. I trust you won't make that mistake again? Why not keep 25% of your COR position and sell the rest to free yourself?

Odds are that in 3-4 years COR will be zero or higher than $5. If you keep 25% and it quintuples, you're back to today's dollar amountr plus you get to play somewhere else and make tons of money in the meantime. This way, you won't kick yourself for getting out of COR at the low.

If COR goes to zero, then at least you sold 75% of your position higher than the rest of us.

Good luck whatever you choose.
MF4

Damn it! What a rally. I watched the market all day Friday, had 2 chances to put on that call spread when the market was down 600, but just watched. WOW, I would have made a very nice gain selling on today's close.

COR is out of the mix. It will move at its own pace. I've been buying the lows (of the SPY) all of the way down. It figures that the time I don't, it's really the bottom. When will I ever get it right?
MF4

well, this is no time to buy the close, with the market flat.

It's hard to imagine the snapback happening today. The market internals are horrible. It looks to be setting up for a bloodbath commencing shortly. Possibly triggered off of a head fake first. I'm holding back until the last few minutes of the day.

I'll be looking to put on a call spread at the end of the day playing for a vicous rebound next week. I might miss it though, and I can live with that.
MF4

I think we have had an extended crash.

Have you noticed that everytime one of the 3 stooges says how they will do everything in their power to save the markets, the markets sell-off? What I hear is "we will change the rules in mid-stream if we don't like what they are doing. We will spend whatever is necessary, and will add whatever debt is necessary regardless of the cost, and we will extend ourselves as far as necessary to maintain our military might".

Is it any wonder the market sells off? The average Libertarian is disturbed by all of the government meddling. The average Joe is losing his job, and overwhelmed by debt. He sees his leaders as getting further into debt. He knows something is wrong. He's pulling into his shell.

What's the answer? I want Mr. Government to tell me he will stop wasting my tax money and get us out of debt. Let those that were prudent and have cash get some bargains. The ones who lived beyond their means can learn some tough lessons and rebuild their lives over time. Get the hell out of Iraq and quit meddling. We've got enough problems at home. Go back to the Constitution and get rid of Homeland Security.

I've got news for you: a handful of terrorists spending less than a million dollars invaded our country on 9/11 and thanks to all of Bush's misguided reactionary moves, Capitalism is going down in a blaze. A stunning coup, to say the least.

And on a personal note, COR finally comes out with good news during the worst financial meltdown in modern history. Ah, what timing!
MF4

Bush says: "we can solve this crisis and we will" What a dolt!

Did you ever think that the market reaction is a vote of no confidence in your administration?

If Bush would get on live TV and admit to having made mistakes throughout his presidency, call for an immediate end to imperialistic occupations and announce the withdrawl of troops from the middle east, and the accompanying drain on our finances, the market would rally huge.
MF4

OMOTS,
I didn't word that correctly. I didn't mean 6,000 would be hit, I meant trading could reach into the 6,000's. For example, I think DOW 6,920 is a level that could be touched for two seconds before going higher.

In that extreme scenario, going out at DOW 7,400 this afternoon would be the kind of move that could happen. I'm hoping if this is the case that some globally co-ordinated move would be what the markets need and begin a vicious two-month rally starting on Tuesday.

The conspiracy theorist in me sees the housing crisis as having been engineered and all of thses global moves an effort to get us ready for the old one world system - new world order, etc....
MF4

I hope I'm wrong about the magnitude of my guess:

If the market opens down 300 and goes up in anticipation of Bush's speech at 10am EST. Once they realize what an empty suit Bush is and his reassurances that the FED will provide more liquidity is just more government meddling, the market could plunge down 300 again.

You can bet that Joe Sixpack will be watching the market tomorrow morning. And when our useless President fails to save the day, Joe S. will call his broker and bailout at any price. SPY gets a 70 handle. The DOW cracks 6,000 as volume swells heading into a weekend.

Place a few cautious buys at about ten minutes before the close. Cooler heads will prevail over the weekend as people see a chance to buy quality stocks with single digit PE ratios.

so many people are calling for capitulation sell-off, with massive reversal later today. A watched pot never boils.
MF4

iggs,
Weren't you one of the ones that was real down on COR a month ago? Why the change of heart?
MF4

It could be tomorrow. If the market opens down 300 and goes up in anticipation of Bush's speech at 10am EST. Once they realize what an empty suit Bush is and his reassurances that the FED will provide more liquidity is just more government meddling, the market could plunge down 300 again.

You can bet that Joe Sixpack will be watching the market tomorrow morning. And when our useless President fails to save the day, Joe S. will call his broker and bailout at any price. SPY gets a 70 handle. The DOW cracks 6,000 as volume swells heading into a weekend.

Place a few cautious buys at about ten minutes before the close. Cooler heads will prevail over the weekend as people see a chance to buy quality stocks with single digit PE ratios.

There will probably be a lot of backing and filling for a few years before the markets quietly mount a stealth bull run. But, there is blood in the streets now.

On the flipside, it's hard to come up with a good reason to believe in America right now. Decades of corruption has come home to roost. There is no penalty for the thieves and honest people have had enough. When politicians are publicly lynched like Saddam was, then we will have turned the corner on our demise. Let the revolution commence! Ole'
MF4

I thought that 10% ago. Oh yeah, that was yesterday!
MF4

Treg,
Are you calling this a bottom? The United States is like a banana republic now.
MF4

There's some value in keeping the share price under the warrant level that expires in January. Once those warrants are off the table, that should help with dilution concerns.

I am going to put a GTC limit order to sell all of my COR shares at $10 good till cancelled on the date the warrants expire. Does anyone have that date?

If we have all of COR shares subject to a sell order, I don't believe they can be shorted. Maybe it would also shrink the float, causing anyone covering shorts to pay market. If market is $10 due to minimal float, we will have suceeded in getting a more reasonable price for COR.

Hey, what could it hurt?
MF4

The big picture:
This is a time of extreme pessimism in the market and world. Is the house of cards falling? To some degree, I would say it is. In all likelhood, all of the government intervention will not stem the bloodbath. But, once the catharsis is over, perhaps the FED moves will be helpful in the rebuilding process? I am seeing signs that Joe Sixpack is throwing in the towel. This is a once in a generation opportunity coming up.

When this selloff is complete, the market will likely languish for a few years at least. There should be plenty of time to pick great companies for the next two decades. If you were lucky/smart enought to raise cash before now, you probably need to be patient and start deploying in very small increments. If you're fully invested today, good luck to you. This could certainly be a short-term bottom.

The big winners will be the penny stocks of today with a new product that people need in good times and bad. Cortex could be one of these companies, IF they can get their finances secured going forward? I would hope that the recent POC in RD would provide the needed data to get that financing taken care of.

Someone wrote that COR won't be making royalty income for at least 4 years. If that's the case, what would their share price be if they earned .20 the first year a product comes on the market and .60 the next year? Would it be viewed as a growth stock? If the market was in the midst of a new bull five years from now, what would a company like Cortex be selling for?

If we assume that the market and world survives this current crisis, perhaps COR is a pretty good buy at these prices? I have some hope again! Thank god!
MF4

Haysaw,
It's been so long since this country has had a truly exceptional leader to believe in. This election is no different from either party.

However, I do enjoy looking at Sarah. So, that's a plus.
MF4

Asuhowe,
Hey good buddy, methinks you aim too low!
MF4

PATCO,
The market sentiment is horrible. Yet, COR was up on decent volume. Not bad, considering. This is a thinly followed stock. It could have just begun a stealth rally into the $2s or 3s today. Then, in mid-October when the general market panic has exhausted itself. COR at $3 will look like DNDN looked before the run to $25 last year.

This could be a (good) perfect storm for COR!
MF4

My short of DNDN puts and long of COR stock helped make today a modest loss. Without my biotech, it would have been ugly.
MF4

GFP, about the collapse........
And yet, greed surfaces again and the market traces back most of the losses at the last hour to be about the same as at the open.

I was expecting a gap down at the open tomorrow before a huge turnaround Tuesday, but it may have happened today and gap up at the open?

It's a trader's market. In and out in the same day for me. Except COR, which is a pretty good buy right now. STILL, under the radar!
MF4

Hey Blather,
I was really hoping I had made your favorite 5? Could you name them, for the record, please?
MF4

At the risk of projecting some optimism, I would think that COR's IP has to look mighty interesting to a pipeline-deficient BP right about now at 80 cents.

First, you have POC in RD on the older low-impact, CX-717. Probably worth $5/share on it's own. But, in addition to that, CX-717 showed POC in ADHD. Granted, there are more potent low impacts currently being advanced. Plus, there's a decent chance that the mechanism that works in RD, also has other, unexpected advantages in other indications.

Add to that the prospect of neuro-regeneration from high impacts, and you might have a very worthwhile new class of drug that could be a game changer in treating many human deficiencies. Could this really be what we have hoped for so many years it could be?

I think 80 cents will prove to be the bargain of a lifetime in a few months. But, I have to temper my enthusiasm with the reality of so many dashed hopes over the years. If the share price pulls it's typical swoon in a few days, I'd look to pick up more. As it is, I was as heavy as ever before today's news, so I'm comfortable with the shares I have. I just wonder if the long supressed greedy impulse will soon show signs of life in me?

UPDATE: Decided to sell some of my losers like F and RAD, and plow some of that cash into COR just now and picked up 400 more shares at .79 I think COR has a better near term than RAD or F, so why not?
MF4