hello food4thought,
---You can only make your comparisons to similar scenarios. --
i respectfully disagree, the numbers speak for themselves, no matter what was going on with cortex, the markets in general, the political climate, or any other outside influence. the numbers are, well the numbers. 12 years worth. my opinion.
i did not keep records on cash positions or burn rates, i only loosely follow them. I don't remember cortex ever having 18 months cash when at a yearly low, but that doesn't mean they didn't, just i don't remember it.
by the mere fact they were at a low, one can deduce that things were not looking good. things do not look good now, but they do have cash. i posted earlier that they once went from near .30 to 6.88 in 7 months, i read from the wrong line, it was actually 11 months. my bad and sorry for missing it the first time. still not a bad return. i wonder what investors thought of cortex when it was at .30? i wonder what they thought of cortex 11 months later at 6.88?
i am sorry that your portfolio has taken a hit.
cortex does not need milestones to move, imho, you just read jerrydan saying he watched a blub on cnbc move the price 10% in minutes. i have seen it run up very quickly on a press release. i am hoping they have things in the lab they have not announced. i believe there are many press releases coming in the next 12 months. maybe the next "expert" says that cor is the best thing since sliced bread....i try to buy it when all the press has been bad, or it has drifted lower on low volume for a long time. it is the only way i know how to "buy low."
you are absolutely right that past performance does not mean it will happen again. i am taking the 92% odds that this won't be the 1 in 13 straight years it does not. i believe that history, as far as cortex is concerned, will repeat. i think/hope they will come out with enough interesting technology, that the price will rise. i think that there are thousands of investors that will pile in within 12 months based on whatever the company comes out with. i could be wrong.
if you think the last 12 years numbers are "share price hype," well then ok. not my definition of hype though, those results are facts as reported by a google chart set to "max."
those investors over the years that waited until everything looked great with cortex and bought on highs, either got burned 12 straight years by selling when things went bad, or are likely still holding. those that bought on lows, and were willing to sell on the good news, did not get burned. those are also facts.
i don't know how to make it any clearer, and frankly i am tired of apologizing for it. i am not trying to be conceited, smug, insensitive, or a bully. it is what it is.
of course you are correct that no one here knows the answers to all of your questions.
i wish you the best.
