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Biotech / Medical : biotech insider buys

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From: Icebrg	6/2/2008 4:56:26 PM
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I guess this qualifies as insider buys. Cortex (COR) There are three form 4 today. Coleman, Messinger and Steven Johnson have taken shares in lieu of accrued paid time off. The filing states: Represents the issuance of common stock in exchange for the cancellation of accrued paid time off in excess of fifty (50) days as of the end of May 2008, based on the officer's current rate of compensation per day and the closing price per share of the Company's common stock on May 30, 2008. Coleman got 7005 shares and for some reason also bought 185 from the market. Messinger got 19064 shares. Johnson got 11012 shares. All "priced" at 0.78. Evidently, they don't expect the company to disappear (unless by buy-out).

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