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Still long and strong GFP. But I will probably be dead soon so my stubbornness will be beneficial to my heirs only. haha :)
Cordially,
RBlatch45
This son-of-a-gun just won't die, will it??? I guess I will probably die first. :) Good fortune to management who so far has performed at an admiral level considering where we have come from (and where we have been).
I'm still all in and along for the ride. Of course my "all in" isn't quite as significant as it was when I started. But what the hay, you only go around once.
Cordially,
RBlatch
It lives!!!! It lives!!!!!!
I thought someone would unplug it by now.
Cordially,
RBlatch
Hi Enemem and Happy New Year. I'm still here. Just nothing to say. :) My loss on Cortex is around the $320,000. Nice ouch!!!
Its taken quite awhile to convince myself that I am still smart. :) Doing fine otherwise though, so no use living it everyday.
Hello to everyone. Does anyone have any contact with Jim Haynes. He was another that called it correctly and got out at least with one pant leg.
Cordially,
RBlatch
Me too! :) Still here with 106,000 shares. Now I just laugh at myself. :)
Cordially,
RBlatch
I know I could have run it as well as it has been.........
Cordially,
RBlatch
The mob doesn't replace itself Haysaw. Although I agree, it would be good for a pop.
Cordially,
RBlatch
It was me GFP. I'm redoing my den and I needed more wallpaper. It was the cheapest I could find....... :)
Cordially,
RBlatch
Fairly shortly we will have the typical posters on here touting the skills of management holding things together during these trying financial times...
Cordially,
RBlatch
... squeak, ... squeak..... chirp, ... chirp...
Cordially,
RBlatch
Yea, I have some ideas but have decided that none of them are legal. :)
I've not gone anywhere. Just not much to be said at this point. It isn't very satisfying to say "I told you so." in this type of circumstance. I'd rather have been wrong.
But I'll be here until the shares are worthless. Wouldn't miss it for the world after all of this. :)
Happy holidays to you.
Cordially,
RBlatch
This stock will probably out live me....... unfortunately. :)
Cordially,
RBlatch
$300,000 plus salaries for a decade or so isn't "showing nothing for it" for them. Its just a matter of perspective Sparky. :)
Cordially,
RBlatch
The General has been the only person on this board who has been right! (Other then the naysayers :) )
Cordially,
RBlatch
Hope you are right Meixatech, but it has been a terribly long long time since this stock first sprouted.
Like you, I'll ride this one into the sunset so if they do make some sort of recovery, I'll definitely be there to see it. (Or my heirs will :) )
The only place I've made any decent money over the last couple years have been in inflation linked bonds two years ago and a real estate fund this year. Both payed over 10% annually so that was something. Both of those even have now lost there pizzazz and I'm sitting in a no pay money market protecting myself. Have a good one.
Cordially,
RBlatch
Certainly positive news, but what it does for us I do not know.
Cordially,
RBlatch
Where have I heard that before??? :)
Cordially,
RBlatch
Even when you have a volume of 70,000 shares for the day, we're only talking about a measly $7000 being spent. FOR THE ENTIRE DAY! BFD.
It is quite meaningless.
Cordially,
RBlatch
That did make me smile..... thanks. :)
Cordially,
RBlatch
You guys are killing me...... :)
Cordially,
RBlatch
Yes you are back. And so is your self pontificating arrogance. You have so much to offer. 'tis a shame.
Cordially,
RBlatch
Tank the stock?? Now that's funny.
This stock has already been tanked Brigrajac. :)
Cordially,
RBlatch
Why?
I'll be buying if it is.
Cordially,
RBlatch
Just as you predicted OZ. Just saw it on the site you provided me. Many thanks again.
Cordially,
RBlatch
Thanks OZ!! Much appreciated. Talk soon...
Cordially,
RBlatch
Hello to u 2 OZsurfer. Thank you for taking the time to fill this board in on the nuances of the ASX. It is most helpful and somewhat comforting. :)
Are there any OZ message boards that you can recommend USA based investors to follow that might prove helpful in keeping us more abreast of the pulse for GENE?? I have not found much available myself.
Again, thanks for the info and good fortune with your investing.
Cordially,
RBlatch
Appreciate your information regarding Land of Oz procedures.
Is there anything on the news wires there which sheds any additional light on when trading may be resumed?
Thanks in advance.
Cordially,
RBlatch
That's what the release says.
Just hope it isn't suspended because the financing fell through and the rug was pulled out from under them, and they were afraid the share price would crash.
Very seldom have I seen anything good come out of some bastard move like this. Can't do anything about it anyway except sit and wait and see what happens. Hope I'm wrong and get surprised this time.
The longer it goes on though, the more concerned I'll be that it isn't coming together.
Cordially,
RBlatch
I thought it was suppose to trade by 10::00am this morning??
Any additional news from them?
Cordially,
RBlatch
Thanks to both of you.
Cordially,
RBlatch
Where is the best site on the internet to receive current news on this stock??
Thanks in advance.
Cordially,
RBlatch
Haysaw!!! Snap out of it!!!!
Stop talking to yourself!!! :)
It doesn't look so good for us realists. :)
Cordially,
RBlatch
One million dollars is like a whiz hole in the sand to shareholders.
Its money in the bank to the salaried employees.
If this is all they have been able to do in the last year, or however long its been since the last incoming monies, what makes anyone think that they will be able to do anything before this measly amount of money runs out?
My fear is that they will cannibalize the product line and sell it off a piece at a time to keep the paychecks coming. If they do, then there is NO hope for a legitimate buy out that would help the shareholders.
So my vote is BFD.
Cordially,
RBlatch
They've been selling a pig in a poke ever since the artifact GFP.
Were probably selling a pig in a poke before it also. We will never know for sure. But .07 or .10 per share leads me to believe they were. And .07 or .10 per share makes it hard to argue that they weren't.
Cordially,
RBlatch
That's something that you have been citing Neuro. Not all of us.
And to Corwatcher, your thoughts are true, yes, but only in an ideal world where Alice lives. What you describe goes on all of the time in business, on Wall Street, in the Bio sector, or any sector. Unfortunately for the general populace, it is very seldom, I repeat, very seldom, discovered, pursued or prosecuted. This I know for a fact.
So it is a bit naive to say it couldn't have happened that way because it is against the law. It always is only against the law if one gets caught at doing it.
Cordially,
RBlatch
PS: It is good to see a bit of a bounce back today no matter what the reason.
GFP says "Haysaw, No, I'll say it again ->>> In hindsight, management could have made some better decisions, but the artifact was the torpedo that sunk the ship <<<"
\
I call bullshit. The HANDLING of the artifact sunk this ship.
Consider that perhaps management knew that the torpedo was coming. Why else did Stoll go out and complete a dilutive financing the week before the announcement was made by the FDA? I think that reason is because he already knew he had a bad apple in the barrel and that it was just a matter of time before the entire barrel spoiled.
Cordially,
RBlatch
GFP - So you agree then that pursuing RD instead of putting the time, money and effort into getting CX-1739 through tox studies was a bad decision??
Obviously in hindsight it was. I don't see it as that difficult of a call given the amount of time they had to research the market available for RD. I may be whistling out my kazoo, but I believe I remember that they even paid for a huge market potential study with some consulting group, which they actually utilized to justify their direction to the stockholders. All those studies actually do is give the people who are actually suppose to be responsible, a scapegoat so they can say "our consultants even said it would work. It isn't my fault."
This is why I think there is still a rotten apple rolling around somewhere concerning the CX717 rejection by the FDA along with "the letter" that never showed up and the six foot box filled with BS. ADHD was not pursued because management knew something that they weren't telling the shareholders. And I would imagine they knew was that ADHD was dead in the water with the molecules they had in house. That is the only logical reason they went out and chased every damn bazaar-o indication that they could spell.
If the proper decisions had been made in the past few years, possibly we would be liquidating or getting bought out at $0.50, or $1.25, or $3.00 per share instead of a nickel.
Prolonging the agony GFP, is not a sign of good management. Anything but.
Cordially,
RBlatch
"At the time they didn't have CX-1739 thru the longer term tox/animal studies required for an ADHD Phase 2 trial, so they went with RD instead. In retrospect it would have been better to spend the 6-9 months extra time to get CX-1739 thru long term tox and get an IND for ADHD/CX-1739 filed and approved. But the clincher may have that Varney/Stoll were still justifiably leery about going back to Laughren/Psychiatric so soon after having been burned with the CX-717/artifact. So doing RD made sense at the time."
The mantra that they need more time to complete a deal is laughable. Sorry GFP. :)
This management team has had plenty of time; daytime, night time, more time, way too much time, and time and time again, to get something (anything) accomplished.
If they just started recently looking for liquidation or partner options, then they are more incompetent then even I thought.
The bottom line to me is that they just don't have any viable options that fit their agenda. They don't have any partners; they don't have any funding; they don't have any buyers; they don't have jack shit.
This company for the last five years has been run with brushfire management "wishing" something to happen. Well, wishing doesn't usually get it done. Expertise, knowledge, ability and a lot of gump to go along with it is the usual formula for success.
Chasing RD and selling it for less then we paid for it was silly. SA was just bizarre. Certainly not the right indication to pursue with limited funds. Why not ADHD with a new compound where we had demonstrated limited success? Because there was something we weren't being told about the so called "artifact"? Who knows? But what I do know is that decisions these last five years have been novice at best. Yea, I know.... hindsight blah blah blah.
It is amazing what good management can do with a company.
Cordially,
RBlatch
No need for me to post with you being such a cynic Davidal66!!
Welcome to the dark side. :)
Cordially,
RBlatch
That sounds like a conspiracy theory to me Horselover45! :)
Cordially,
RBlatch