Cortex Business Solutions Inc. CTPNF

RE:RE:RE:RE:Anyone know what happened here?

[Cerius]

I'm sure Fabrice Taylor has had a proven track record, but the thoughts/ideas on Cortex are not that strong. Yes, oil prices are dropping and the downturn will happen, but that doesn't mean companies are jumping on board to change processes. Fact is, most Oil and Gas captial budgets that are already being axed, won't be keeping some extra money on the side for new IT initiatives. Addtionally, a bulk of Cortex's revenue is transaction based, and with the slow-down in the market, there will be less work, and less invoices so the revenue growth may not even occur. Cortex is still burning through way too much cash and cannot provide any indication of when they might be profitable.  A lot of money is being spent on development STILL for the 'Field Approver' solution, which already has a lot of competition. As well as the factoring firm (which they've also claimed ot have in place in the past, but no one used it). Cortex has yet to show they can deliver anything on time, or on budget. So while it's nice to have hopes and dreams, the reality is it will be a long time before this company is profitable. Hopefully Barker turns things around, but it's kind of a dog's breakfast right now.