Seeking Alpha

alphashizzle

alphashizzle
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Stock Of The Year 2013 [View instapost]
    Well the year is over and the verdict is in... Cortex was NOT the stock of the year.

    Given their track record, there is little doubt they will need to raise more capital to survive. Losing 1.5 million a quarter is not even close to breaking even and the rate of improvement on that number is sloooow.

    I think at this point the big boys just want to stretch this out and collect their pay checks for as long as possible - while lining their pockets with many many shares.

    At some point down the road those shares will be worth something when the company is sold. It won't be for much but when you don't pay for the shares who cares?
    Jan 3 01:22 AM | Likes Like |Link to Comment
  • Stock Of The Year 2013 [View instapost]
    If Cortex breaks even before having to raise more capital at least two more times I'll eat my shirt. They're not even close. They lost 1.5 million last quarter - down from 1.7 year over year I believe.
    Jan 3 01:13 AM | Likes Like |Link to Comment
COMMENTS STATS
2 Comments
0 Likes