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Obviously this may have been a better track to take instead of chasing RA that no one wants, or SA that they can't get a trial completed for.
Silly me for even suggesting this. But others are getting things done. Wouldn't that award look nice on Cortex's books? Way to go management team!!
Cordially,
RBlatch
"In the SHM, Varney said they almost had an RD deal inked earlier this year, but the pharma had budgetary problems and had to back out."
Too bad we aren't playing horseshoes.
Not disputing that he said it but this is the same old song we heard at the CX717 crash; that they had a partner interested, ... but ... but ... but...
Cordially,
RBlatch
"So--do the data support the oft-disseminated canard that this is a failure of the messenger, rather than a function of the partnering/economic macro-environment? "
If they had been more profecient in their dealings and decisions throughout the last decade, they would not have been caught in the "nuclear winter" that they find themselves in.
Chasing the CX717 artifact for two years was disastrous. And I suspect they knew the decision was not going to be favorable long before it was made known to the public but had to keep the idea alive in order to raise money to exist.
Just my opinion mind ya.
Cordially,
RBlatch
"So what do you think they are negotiating over?'
Not much obviously. If there was any value, there would be multiple suitors by now with at least one coming to the forefront in order to keep someone else form getting the intellectual property. That has not happened in over twelve years. Nor in the last nine months.
"Do you think that is the only possibility why we don't have a deal yet?'
No, I do not think that Cortex's ineptness is the only reason we don't have a deal yet. I fear the worse. That no one wants the product at what Cortex erroneously values it. What are they actually selling? A twenty patient RD trial that took forever with a product that wouldn't even be used in the industry (not the IV formula), a damaged CX717 history, and a hope and a prayor with a 70 yard field goal for SA.
"But is it your opinion that Cortex should disclose all details of information that would not be positive at the shareholder meeting, even if some if not all of the companies that are in negotiations with Cortex might be aware of the information.'
The answer to this is yes and no. Yes, if the existence of the company is riding on the trial results, and your original public disclousre stated that results would be available the middle of July. No, if the information doesn't have bearing on the ultimate demise of the company. However, if you think that others in the industry are not aware of Cortex's problems, financially or trial-wise, then I feel you may be a tad naive to think not mentioning them at the SH meeting will prevent them from finding out.
Cordially,
RBlatch
"Actually, the industry, with which you are not familiar, does not share your view. Just thought you should know.'
Then it is also apparent that they don't share a view worthy enough to cause any of them to partner with Cortex to date. As in every case and every industry, lip service is cheap and commonplace. Actions speak louder than words. And show me the money.
And I know that you are much closer to the "industry" than most of us, but I highly doubt you are a spokesperson for the entire industry. I would imagine your statement above is more of an "opinion" of yours. Thank you for that.
Perhaps a rabbit will be produced out of the hat if what you state is so.
Cordially,
RBlatch
Why don't you keep your posts on topic about Cortex Blathermor? Your posts would then contain more substance.
Cordially,
RBlatch
"How do you believe that might help in your current negotiations for partnering or M/A? '{/i]
You think they don't know how inept that trial is coming together??? The shareholders are the only ones that don't know. As usual.
Why do you think we don't have a "deal" yet? Because Cortex's ineptness is a secret?? I'm sure the industry doesn't buy the bull that is fed us, the shareholder.
That's just my opinion.
Cordially,
RBlatch
See post 27208. I don't care if you know that I own shares or not. I said I did. Don't believe it? That's up to you.
Thanks for your comments. Have a good 4th! :)
Cordially,
RBlatch
"You carry the angry mob torch pretty well. I don't see why ALL the posters have to suffer your ridicule for trying to move on and contemplate the future."
Just use the "Ignore" button Wahjjhugo. That's what it is there for.
As to what I think will happen? I think they are hiding under their desks in hopes that some white knight will ride in and rescue them form their own ineptness. Read Food4thought's last message to see another businessman's perception of management's abilities, or lack there of. I don't think it will be a surprise if this company just melts away and goes to nothing without another wimper. They didn't even have balls enough at the SH meeting to tell us out right how pathetic the current trial is going registering patients.
I, too, think they have no contacts or prospects that will come through with some sort of deal. If they did, it would have been done by now.
Cordially,
RBlatch
"Some people just like to bitch and complain, which is understandable, but other than the therapeutic value of venting, it doesn't accomplish much."
And what has all the constant what-if pipe dreaming scenarios you choose to post on here accomplished?? I don't believe that it has accomplished anything more than my posts.
So what's your point? Positive is OK, but negative is not? I already have gotten that message. But it isn't your message to deliver in my opinion.
Cordially,
RBlatch
"True enough, but if you guys think management is so bad, why do you own the stock? "
Why are you so active on here and don't own any stock?? I paid for the right to pass my opinion GFP. :) Your participation is a bit more curious.
Cordially,
RBlatch
To you Market Fest 4 I have only one thing to say: BINGO!
Cordially,
RBlatch
"That said, the fat lady hasn't finished singing yet, and Stoll/Varney may still have one more trick up their sleeves."
It will be their first one!
Cordially,
RBlatch
OT = Phelps, who is a neighbor to this writer, is indeed, both "young" and I will call it "young" yet again rather than "stupid".
What is "stupid" is the double hypocritical standard we apply to anyone who's picture ends up in the news media.
From the so called "journalist" who ran the bong picture, to the southern justice cops who are pursuing righteous retribution for all acts against the state and god combined, I say this. Screw off you bunch of pathetic maggots.
Go earn a living on your own ticket, and not someone else's. The kid is just a kid, and a nice one at that.
I can attest to that. Wish I could say the same for most of the rest of the world.
Cordially,
RBlatch
The late announcement for their participation might mean they just got the John Hancocks needed on a deal.
Or it could be to announce a PIPE. (I doubt it.)
At least we don't have to wait very long to hear the verdict.
Cordially,
RBlatch
"Neuro,
Iggs is a control freak (I'm sure there's more accurate medical term). You'll never make him mad, and you'll never have the final word. "
Please refrain from name calling on this board Blathermor. Otherwise you may be labeled a "suck up." :)
Cordially,
RBlatch
"The FDA never provided a letter because CX-717 was withdrawn."
Just for the record, that explanation (excuse) was never offered or discussed in many communications with Stoll regarding receipt of the letter.
It was always "I have people going there next week and I should know something then." Of course, information was never forthcoming. I kept it an active topic in my correspondences for a very long time. It actually became a joke.
The fact that we didn't get "the letter" is not so very important. Except for the void it leaves in the information regarding the demise of CX717 and ADHD, and when management was actually aware of that demise. My guess is quite a bit before the PIPE was done. But that's just a hunch on my part. What do I know? If you listen to some on this board, anyone who challenges management doesn't know anything.
Cordially,
RBlatch
Cordially,
RBlatch
"But SA is something that could open a lot of doors in a hurry. Hopefully we can fast track it, with some results by Summer."
There you go with that carrot again GFP.
Cordially,
RBlatch
"I have a positive, I mean at least one more,..... the drugs work. "
Well yea, but who seems to care about that??? :)
Cordially,
RBlatch
The only positive, and I repeat only, that I can still slap on this stock is that not any employees have left yet.
Usually you see them jumping ship like rats when the bilge starts to fill up. It hasn't happened here. That means that there is either a very very tough employment market to try and move laterally into, or ... they know something that I don't.
Of course, just earning a salary until there isn't anymore is better than the unemployment line.
Cordially,
RBlatch
Whoever is trying to keep it down is doing a damn fine job.
Cordially,
RBlatch
I guess ..... ummm, ... two weeks ago.
Damn!!! Wrong yet again.
Cordially,
RBlatch
Who in the hell would be short a $0.50 stock?? Get real.
COrdially,
RBlatch
{i}"Why don't you go back to the COR Yahoo board? Those idiots will appreciate your repetitious statements of the obvious; at least I am sure Crease would."
Please don't take this personal Mexitech, as it is directed at a much larger contingent on this board. It is a shame that anything that appears "negative" towards management or this stock receives comments such as this.
Iggs should not go back to the Yahoo board along with the other "idiots", any more than all of the pom-pom wavers on here should go back to cheerleading practice.
Opinions differ regarding Cortex. And they change from month to month. Or year to year. (Or in my case, decade to decade! :) )
Can't we all just get along. Where is Jim H. when you need him? :)
Cordially,
RBlatch
I think I've heard that before. Oh...., that's right, that was "a lot of irons in the fire." :)
Perhaps this time.
Cordially,
RBlatch
"What about a deal first for whatever (?5-10 Million) is available, and a subsequent bump in share price, then financing at the higher price for whatever else (?another 5-10 Million) is needed? "
If only 5 to 10 mill were obtained in a "deal", then this price would go to 30 cents over night..
Cordially,
RBlatch
The news received today is certainly welcome by this investor.
But I'm sure that all of you out there on this board don't need me to remind you that we just, yet again, changed the color of the carrot on the end of the stick.
In so deep and for so long that one can only hope that it finally sprouts.
Cordially,
RBlatch
Up $0.06 on this news is pathetic. Just pathetic.
Cordially,
RBlatch
That;s certainly one of the possiblities. And probably the one we most want to believe.
Cordially,
RBlatch
"Speaking of 100-20: I remember you bought like crazy at the end of 2007, when this cat/rat/monkey was already out of the bag. "
What's your point Enemem? I told you it was 20-100 hind sight. :)
You can call it crazy, and it seems you're right and I am wrong as we stand here presently. I just called it doubling down on a fifteen year investment at the time. No one's crying in their beer here. Life is what it is. But that doesn't mean one shouldn't revisit so called "facts" from the past.
PS: ANd Stoll was the individual who kept repeating that he was waiting for the FDA letter and expected it shortly. Not me. I just asked if he had ever received it. Mums the word.
Cordially,
RBlatch
Cortex very well may have received an explanation.
I'm still waiting for "the letter" that Stoll said he was to receive from the FDA. Repeated inquiries on my part resulted in continuous non-answers regarding the letter.
I still don't know if it was ever received and my question remains unanswered.
Which leads me to believe that possibly Cortex was in a financial position that it had to press forward even though they may have known that they didn't have a snowballs chance in receiving approval, because they knew that to do otherwise would be disastrous to the share price (and their option exercise prices) and any financing that was needed.
I still find the timely financing just prior to the ADHD rejection rather suspicious. It leads one ( specifically me) to think perhaps management knew the rejection was coming long before it was actually received.
Hows that for some of Neuro's 20/100 hindsight??
Cordially,
RBlatch
Meix - I got the same memo that you got as well as others.
The only thing I see in that memo is that they are going to get some sort of FUNDING. I don't like the sounds of it myself, as a deal is the only thing that is going to make this share price go up.
Obtaining "funding" does wonders for perpetuating management's salaries, but what does it do for share holder value?? Nothing me thinks.
Cordially,
RBlatch
Enough Ombow. Take your meds.
Cordially,
RBlatch
They better pull it pretty soon.
Cordially,
RBlatch
OK.
You all have convinced me. Let's give management a whole new series of options exercisable at $0.59 for a job-well-done reward! :) Why? Because they obviuosly deserve it.
I'm wrong and the rest of the world is correct. What else is new? :)
Cordially,
RBlatch
"As to the carping about radio silence: I'm still baffled by complaints that Cortex isn't keeping people up to date on the state of negotiations. Just absurd. If someone can give an example of a company which does provide play-by-play, status reports on partnering negotiations, let me know. My stated timeframe was and is January. If we don't hear something by month's end, I'll get nervous--alright, I'm already nervous, then I'll escalate. But one thing I won't do is question whether Cortex management takes this situation and their responsibility to shareholders seriously. That is complete BS."
Neuro. The only thing that is complete BS around here is your lack of criticism of a company that certainly deserves its fair share.
Your white knight position of protector of all things negative cast towards Cortex or its management becomes highly suspicious. I realize that you must maintain a "working relationship" with those management peoples inside of the companys that you "report" on, but at what point does it knowingly or unknowingly sway your objectivity?
I appreciate your informative contributions to this message board, however, your constant, unrelenting defense of management becomes hollow in light of the situation before us.
And I still stand by my statemnt below that Cortex could easily issue a press release "generally" (I repeat - generally) updating where any negotiations stand without breaking any laws or comprimising their negotiating positions. If they cared about their shareholders, they would keep them more informed and not hide behind laws that were not intended to be hidden behind.
"They could very easily issue a press release giving an update on where money matters stand and {b}generally where any negotiqations stand for RD."
I wish you a prosperous new year.
Cordially,
RBlatch
Well, it looks as if nothing stuck on the wall from RD, so we're going to throw sleep apnea krap on the wall and see what sticks there.
Cortex's silence is criminal. Well, not really. Just morally. They could very easily issue a press release giving an update on where money matters stand and generally where any negotiqations stand for RD. But that would probably be too revealing and their salaries would be cut off three months sooner than they will need to be.
Cordially,
RBlatch (Sour Puss)
2. Mr. Blatch - you were the closest on the timelines of the RD trials - what's your prediction on any deals?
I wish I had a better feel Cash2make. At this point, I really don't have any idea. I wouldn't be any more surprised to see this stock slip into oblivion than I would to see it make a blockbuster deal.
I'm still of the opinion that something has to happen before the end of the month or the potential deals will quite possibly be getting worse and worse. Why? Desperation I guess. I just feel that if there were a legitimate suitor in negotiations, that deal would get done within the known time frame of the money running out. If it doesn't, then everyone at Cortex will be running around with their hands up in the air as they get "held up".
It is hard to "keep the faith" when the many many years of disappointments result in where we are presently. I still hold what I had. Seems silly to me at times. Oh well. Good fortune to you.
Cordially,
RBlatch
Sorry for your loss Neuro.
Cordially,
RBlatch
Some people call that "booze"!! :)
Happy holidays to you Haysaw. Safe trip.
Cordially,
RBlatch