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davidal66

06/06/09 1:00 PM

#26722 RE: food4thought #26721

food, I share some of your sentiment. I am beyond belief on the enrollment in the apnea trial. They simply needed to show POC. Another company/pharma could run future, larger trials. To set up the DMSB, seemingly ignore enrollment for 90 freaking days, then mask this fact at the ASM is beyond belief. It was only in the q and a at the end of the call where we got the real story from Stoll: "A couple of patients have been enrolled. " 2. With so much on the line, my reaction was anger and beyond any rational belief.

Still, the platform paradoxically has growing value. I also like the idea of a sale or liquidation, but possibly a merger would also unlock value. A nice move from Friday's close. I laughed at management's obvious depression on the call, tepidly blaming the crash and the economy. Is the sub prime crash to blame for enrolling 'a couple of patients' since February?

There, my rant is over. The bottom line: 20 million is the market cap. The technology is worth far more. And this is my thesis for buying in recent days and weeks. Buying with vigor I might add. But it does not mean I applaud in the slightest actions of management.
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bigworld

06/06/09 1:06 PM

#26723 RE: food4thought #26721

Food:
I'm with you. Have them sell the company outright as soon as possible. I'll take what comes and move on. Just yank the bandaid off already...suffer the temporary pain and feel better in a few days. Waiting and hoping for Cortex to realize its potential is just water torture. It'll never happen. Some things are just not meant to be. If Cortex was meant to succeed they would have done so a few years ago.
Good luck to you. We're going to be experiencing a little temporary wash-out (@ 8-10% Decline) in the overall market over the next couple of weeks. Then the market will resume its strong rally until September. Use any temporary weakness in here to buy precious metals. I like Hecla Mining (HL) for silver/gold and the Gold Miner ETF (GDX) for gold. You'll double your money by September.
Probability of a loss < 5%. Probability of doubling your money > 80%.
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haysaw

06/06/09 2:01 PM

#26725 RE: food4thought #26721

<<So to mf4, haysaw, ombow, patco, iggs(not understanding the change of heart), naked, blatch, and the rest, it took some time but it appears you guys ultimately predicted Cor's fate better than the rest.>>


No consolation here. As opinionated as I have been about management, I wanted to be wrong. I strategized to be wrong. I mostly played it to be wrong.

I never have been one to give up on things--I believed that the science would overcome management's 'obvious' business deficiencies. I still think the science will prevail, and I look forward to investing in that new entity that progresses the platform, if possible.



<<and if they do another pipe to extend their paychecks and prolong the inevitable, they are not only monkey killers they are criminal>>


It is too late F4T, they are already 'criminal,'--the looting of options having already branded them with that label.