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I am done with your playground antics. I will not regress and offer a response.
Best of luck to you.
Iggs
Open up a newspaper. It is "easy" to read, isn't it? BTW- genius! The market does impact us! Where is this needed capital going to come from? You guys sit around stroking eachothers egos, while our management team is running the company as if it belonged to them- with zero accountability. We need a team that can execute. There is value in the IP, I just don't think that these guys are going to get it done. (I do, however, hope that they do.)
Iggs
I am, more than likely, holding more shares than you. I do not want this stock to go down and I am not at all happy that mangement put the company in this position. The company needs to raise a good percentage of its market cap to exist for a year? (Did I do that? The 717 tox gamble cost us dearly IMHO. Was I running the company ? )
BTW: I have less use for the R&R opinion of this company than I do for the management of this company. The management of this company has failed to execute time and time again. I laughed out loud when I heard Varney lead with something about COR being a good investment because of its depressed stock price etc. etc.
Iggs
again....it's just around the corner...
The open on Tues. will say it all.
Iggs
Agreed...Sounds like they are getting "low-balled" IMHO. Not sure how they are going to get anything done in this market. There are too many other options. BP will wait to pick Co.'s like COR up for a song at the fire sale.
The market cap is not going to let them get anything done without giving away the farm.
I am serious considering moving on to greener pastures. Watch where the stock opens in the a.m. I assume that there will be a sell-off. Hey Varney, are you telling the market that you can't attract a partner that can fund you for a year? ....and that is a "Good Investment" as you put it...how? Why can't we get some leadership here? Year after year...Pipe after pipe...unreal.
Iggs
Co. has zero leverage in this market. We are going for a ride to a possible distressed sale IMHO.
Iggs
It is worse than I thought.
Iggs
not shocking...the strategy has changed with the wind for years IMHO.
couldn't they carve up CX 1739: RD to one partner and SA etc. to another partner?
Feb 16 is Monday, so the St Valentine's Day Massacre prediction might come to fruition. Marketfest: Impressive.
Iggs
You have a point there Neuro, I have been a bit redundant. Just frustration, combined with worry, and a nagging feeling that I am about to witness a car wreck in slow motion. I will try to synthesize the salient points in my next post. That is "post" the damaging PIPE that COR will never recover from (we are at a $23MM market cap). How's that for "incorporating" the information posted to this board.
Marketfest: You bring Wikipedia a new link for: "St. Valentine's day massacre."
Iggs
I understand why you are somewhat disconnected from the emotion of what is happening. I have a much larger position than you my friend.
Iggs
Are we done gents? No deal. No cash. February 10- higher volume than average with a lower stock price. We are on fumes in my opinion. When is this company going to communicate to the shareholders? I have never seen a company exhibit such a total disregard for the shareholder. Time and time again, we are led to the slaughter. Where is my FDA Letter with respect to CX717/ ADHD? If this company waited this long (~2MM or so in cash) to try to raise money, we are doomed. As I sink in the ship, yes I am going down in the muck, the only solace that I will have is that Stoll's retirement life raft will have a leak. How are those options doing old buddy?
Iggs
Still long and it is not me.....The fact that we held as strong as we did is probably a good sign (based on the Volume).
Iggs
I assume that you are correct, but I have been burned by the COR flames more than a few times. Not really sure what plan b would look like. We are at .50?
iggs
I doubt that they will run it that close. Two months is almost negligence IMHO. I hope that this isn't the end. Have you ever seen a company hang its rear over a cliff like this? You couldn't make this up. Are Varney and Stoll reading for a part in Thelma and Louise? Hope that they are able to pull something out of a hat here.....
Iggs
Does anyone have an update on the cash position? Does anyone know if the company has cut back its spending? We are going to be halfway through February in 5 days. We are in a very tough position, indeed.
Iggs
I still have hope, but it is more like blind faith at this point. If there is no news by the end of this month, I would guess we see numbers with a three in front of them ...ie .32
Iggs
Hope that isn't the case, but it might make sense.... Doesn't explain the large offers on the bid though...
Well Neuro, I am holding more shares than you (at least at last count...unless of course, if you have added a substantial position) and hope we go up, regardless of my frustration with the situation and, at times, management. (I have not sold shares in the last several months.) I am a bit frustrated. I like the Ampakine platform and its prospects for many of the same reasons that you are invested.
The way this thing has been trading does not make sense. (Huge buys orders a penny or two away from the ask? Huge ask orders a penny away from the buy?) My screen showed 330 x1 at one point this morning? Either I am getting bad data or something doesn't make sense.
You are, however, correct. I, of course, do not know where the stock price is going. Maybe I should control my zeal, but it does feel and look like we have all been in this movie before.
Regards,
Iggs
I have a feeling we are going...much, much lower....Don't like how this is trading.....something stinks in Denmark.
Hate to say this. I doubt that the company could even get a PIPE done in this market. I think we are going away gents. Just an opinion.
Iggs
Can you picture the advert? Desk formerly belonging to Roger Stoll, complete with loose change in the top draw, a draft manuscript entitled "Navigating the FDA- a debacle," a roll of life savers and a legal folder full of worthless options for sale. No reserve. All reasonable offers considered. Financing available via R&R. lol
Just articulating my opinion. Do you think that the Company is not running out of cash and selling their only assets? The stock is languishing. If you think otherwise, why aren't you snapping up shares?
Iggs
Good o'l Dr. Stoll and his irons. lol Haven't thought of that in a while. Is a liquidation an iron? If this company does not raise money that is where I think they might be headed imho.
Iggs
" a lot going on" IMHO can mean ...dealing with a meltdown.
Iggs
my thoughts exactly
A pipe at this point would be horrible. I do not see it as a viable solution but nothing with this Co. can shock me. What's next : Stoll and Varney move to Vermont and get married? Yep..still not shocking.
Nevermind. If I took the time to explain my frustration/ opinion (which I am entitled to...)you wouldn't open yourself up to a reality check anyway. Hold your 800k shares that you probably bought in the 2's. You are obviously a smart guy.
You have a larger position than I, although I am currently holding more than most on this board. I could understand why you might be upset. I assume that your cost average is much higher than .50.
Iggs
not sure what this means my surly little friend. Just call it like I see it. If the company could get a deal together, they would have. IMHO I can only assume that the vultures will pick the bones of this one.
Iggs
look out below gents. Here comes the .40s.
not sure what that means?
Neuro
Have you offered your services to the company. Just assuming that you have a vested interest here and you might be able to assist Varney at this very crucial time. Just curious.
Iggs
Guys. I think this situation is bad going to worse. IMHO
iggs
I tend to agree. If they give away most of the Co.'s value for 9 mos. of life, I would prefer to see a sale of the Co.
Iggs
9 mos. is not enough time to get anything done to bring money in. I think they should look to sell the company today.
I just don't see how this Co. is going to get something done without giving away the farm. I think most are correct, we are doomed.
iggs
any opinion of valuation>
Well, this is a promising perspective. Do we die a death of 1,000 cuts waiting or put ourselves on the block for 2X's and hope that somebody bites?
Iggs