Why rush to vote? Is there a 'drop-dead' date for voting without attending the shareholder meeting. I'm obviously dead set against the measure, but will wait. Gfp, laid out a nice scenario: one or two deals, raising the share price perhaps to 40 cents to 50 cents.
I guess my question is more fundamental. Why is more time needed? Varney has told us he needed 30-45 days. Ok, let's throw in another 15-30 days. Fine, they have the cash to 'exist' until the shareholder meeting in November. This we know. But, if Varney cannot ink this "end-end-stage" deal by November 23'rd or whenver the meeting is, then how is diluting the company by double, at 5 cents to 10 cents(I do not believe they can do a late-November financing at 15 cents a share, that's only a 25 % discount from today's price) going to produce anything positive for current share holders?
Let me say that again: How does raising 3-5 million dollars at 5-10 cents a share in late November help current shareholders in any discernable way? It may delay a sale of the company by six months. Great, but will Cortex have the cash to run an ADHD trial? No. Will they have enough money to do anything but pay salaries, rent, for six months... hoping for ongoing negotiations to bear fruit. I don't believe another six months of waiting for a deal to occur is wise or worth it to existing shareholders. We will be looking at delisted stock trading at 5-10 cents a share with 200 million share diluted plus or minus a reverse split. Why would anybody vote for that before Varney shows he can produce something(anything)FIRST. I would urge even those sympathetic to voting for this share authorization to at least wait until the last possible moment; Varney said he needed 30-45 days, ok, let's give him a few more weeks, but why on earth would anybody vote for this travesty without Cortex showing they are a viable company... not just a company with a viable technology: two different things.
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