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Throwing In The Towel On Cortex Business Solutions

|Includes:Cortex Business Solutions Inc. (CTPNF)

It is time to throw in the towel on Cortex Business Solutions. This is the procurement solution company that I had as the stock of the year for 2013. Although the company continues to grow the business it is just not fast enough to become cashflow positive. They announced a 100 million share offering at $.10 per share. This will take the share count well over 300 million. My view was that the viral nature of the business would lead to exponential growth. However it just does not seem to be happening. Growth in the teens is just not going to get it. I will continue to watch the business as I think they have a unique solution but I cannot sit around and be diluted to death. I missed on this one and I am out.

Disclosure: I am long CTXZF.

Additional disclosure: I am going to sell out my position next week.

Stocks: CTPNF