Gfp,
If Stoll had any indication, which I believe he must have, that the refusal of CX717 for ADHD was possible.....and if he knew it would take 2 yrs, as others here have said, to advance CX701 with hopes of upfronts then why would he only assumed financing for 12 to 18 months?
Surely he must have been working on something during the last year and a half and not just banking on the outcome CX717.
Would he not have went after a larger pipe in order to secure the worst possible outcome?
All our recent financing seems to do at this point is delay our slow yet inevitable death. He certainly must know COR's own burn rate and realize that the $18 million available would at best only purchase a one way ticket with no chance of ever getting home. I know he can walk away from all this in much better shape than all of us bag holders but do you really believe he is that niave and or oblivious?
And, even though what I have just read may offer indication, do you really believe that an established man such as Dr. Tran would enter into COR with such a bleak outlook.... regardless of his salary, he sure is smart enough to know that he is being offered pipe dream riches if COR is indeed, as so many now feel, down to its last strike. That would certainly be a black mark on a very impressive resume. It just does not make sense to me. There has to be more to this horror film than we are currently seeing. I am hating on management as much as anybody right now but this complete inept behavior seems almost unimaginable.
One more thing, everyone has been jousting Neuro(I think he disclosed at some point a while ago) but does he not hold more shares of COR than anyone on this board...and if so why would he be needing to constantly offer false hope for he must feeling the reality of this and be equally as miserable as the rest of us. He must truly believe his insights. I remember a time when the 2 of you were helping each other across the finish line. My how things change. Being right on all accounts means nothing if COR goes under. We can all sit around and offer I told you so's while we share the left over ribs from the dumpster behind the the Vegas Club. So much for the top floor of the Wynn, I thinks those dreams are now behind us.
I am trying to look at historical points in COR to see how bad of shape we really were in years ago and what brought the share price out of the depths of Bio hell. These levels have existed before, why is this time so much more different when the technology seems so much more advanced. The whole enchilada certainly could not have been banking on the decision of a bipolar FDA. Again, Stoll is an idiot if he did not take a rejection into account, but COR is not a one trick pony and certainly this could not be the end. The picture had to have been much bleaker over the past 10 years. I am forcing myself to believe this.
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