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neuroinv

01/03/07 7:02 PM

#2910 RE: davidal66 #2909

I vaguely remember this being brought up at the time of the first PIPE done by Roger Stoll. I believe a couple of fairly large shareholders approached him about this. I do not remember the details, but I believe there was some SEC-related concern regarding vetting investors' net worth, rules regarding the number of people involved, and the interaction therein--i.e. you had to have a relatively small # of people putting in what for individuals like ourselves would be a lot of money. Dew or Gfp may recall the details better than I do--I just recall concluding that SEC regulations made it a lot more difficult than I would have thought.

NeuroInvestment
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gfp927z

01/03/07 9:37 PM

#2911 RE: davidal66 #2909

I remember a discussion on that subject several years ago, but the complexity and time involved in setting up such a financing arrangement with shareholders was apparently a major drawback from the company's perspective. I seem to remember Dr. Stoll discussing the concept once, though it might have been in response to an email question he received from Ombow.

Daviddal, If you already have a monster stake in this extremely risky company, why add still more? One can easily find several dozen stocks with better prospects than Cortex. That you've never sold a share is amazing, but it may indicate that you've made the mistake of "falling in love with a stock", which is something investment experts often warn about. My problem was always the opposite - I could never hold a big position in anything for long, and would always take profits as soon as they materialized. I was using a lot of borrowed money though, which encouraged a very nervous/jumpy approach.

Owning CDs is the only way I've found to avoid continual, futile bio stock speculating, since the money is all tied up for years and unavailable.