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skitstovel

10/13/10 4:27 PM

#2133 RE: The Rainmaker #2132

I beg your pardon.
Extra time on they're hands? To read this board? You're contradicting your very existence.
If I can RESPECTFULLY disagree with just one point. Many people are stuck holding because, in this world, it's hard to make up a near 50% loss in a few months. I can mine posts too. About how hard it is to get rid of a lot of shares easily. It's more true now.
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rocketeer357

10/13/10 9:48 PM

#2135 RE: The Rainmaker #2132

Things quietly down nicely.....most of the more vocal complainers have headed for the exits chasing another rainbow.

I think the company has a lot of "fool me once" to overcome now- the past 6 months were giddy with Cousin's optimism and promise (see PR's and ibox). It's going to take more than that this time around IMO. We still don't really know why the study was bungled, who identified the bungle and how different people responded to the bungle. Nothing undermines investor confidence like the double whammy of a lack of transparency coupled with a lack of success. There can certainly be no more "benefit of the doubt" for Cousins, who hasn't exactly stepped up to address the failure of Phase II with candor and authority.

States are under tremendous budgetary pressure now- much worse than when NM partnered with BMOD. I gotta' wonder how many of these states will now be willing to lay out any resources for an outfit like BMOD.

Even if you are a true believer that the test will eventually work as the company forecasts, IMO you'll have every chance to buy as many shares as you want under .20 within the next 9 months to a year.