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gfp927z

11/10/07 10:16 AM

#13441 RE: Aiming4 #13439

Aiming, It's nice to see some insider buying, and hopefully other senior management will step up to the plate.

I've been considering picking up some at these levels, though there's a chance it could still get cheaper. For now 0.50 cents looks like it has pretty good support. I can't afford another big bet blowup though, so this time I'll limit my total position to no more than $25,000 maximum. I figure one has to have some discipline, so that will be my upper limit if I decide to get back in.




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neuroinv

11/10/07 10:23 AM

#13442 RE: Aiming4 #13439

<<It's probably similar to buying a couple dozen lottery tickets for an avg. person.>>

While I have no inside information as to Jim Coleman's financial wherewithal, there is nothing in his employment history (Pharmacia--CoCensys--consulting--Cortex) that would point to the accumulation of great wealth. And my direct experience of him would point to the contrary--he's worked for whatever he has. So the notion that a 20K outlay for him is like "a couple dozen lottery tickets" for most people is--IMHO--totally incorrect. That to me is a significant chunk o' change, and it is for him as well.

Gfp is correct in noting that nothing imminent is lined up deal-wise, which allows Coleman to make this purchase. But it obviously does indicate confidence that the pps per share will improve. But I personally didnt need to see this purchase to believe that. Pierre Tran's signing on to me is a much more compelling indicator of belief in the company's prospects.


Re: Lynch and Simmon. Neither is an insider, purchases would not be publicly disclosed unless they broke the barrier for SEC disclosure, not likely. Vince Simmon continues to own his stock, so far as I know.

NeuroInvestment
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alertmeipp

11/10/07 1:32 PM

#13464 RE: Aiming4 #13439

Aiming4 - i can't believe you said this.

A senior management invest 20k in his company IS NOT similar to buying a couple dozen lottery tickets for an avg. person.

1) Coleman knows more about Cortex then an average person know about the lottery ticket.

2) Winning a lottery ticket needs pure luck. Making money in stock market needs more than that.

What a disappointment.