Cortex Business Solutions

CBX-X

Analysis and Opinions about CBX-X

Signal
Opinion
Expert
HOLD
HOLD
December 2, 2016

A tech company based in Calgary. They have a platform through which oil companies can take in receivables. If you are a driller and work for an oil company, you would send in your invoice through this platform. Oil companies like this, because it allows them to save quite a bit of money. The stock has done poorly, because the oil market has been bad, and oil is their major customer. CEO is very good, and thinks he is going to turn it around.

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A tech company based in Calgary. They have a platform through which oil companies can take in receivables. If you are a driller and work for an oil company, you would send in your invoice through this platform. Oil companies like this, because it allows them to save quite a bit of money. The stock has done poorly, because the oil market has been bad, and oil is their major customer. CEO is very good, and thinks he is going to turn it around.

COMMENT
COMMENT
July 21, 2016

New management has been in for about a year, and have reduced expenses. The big challenge is that this company basically connects end customers, mainly in the oil patch, where there has been a reduction in drilling activity. He guesses that two thirds of their business is in the oil patch. They are now diversifying into other industries. If their transactions increase, then with a lower cost base, you will see significant positive business levered.

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New management has been in for about a year, and have reduced expenses. The big challenge is that this company basically connects end customers, mainly in the oil patch, where there has been a reduction in drilling activity. He guesses that two thirds of their business is in the oil patch. They are now diversifying into other industries. If their transactions increase, then with a lower cost base, you will see significant positive business levered.

SPECULATIVE BUY
SPECULATIVE BUY
August 12, 2015

Hasn't done well. An interesting software company that has a fast invoicing system that allows suppliers to invoice clients quickly. Saves their clients money. Did a reverse stock split 50 to 1, which was a bad idea.. Thinks it has bottomed. Has a new CEO that he likes. Looking at this as a turn around. They need to diversify beyond the oil businesses. He thinks they could have a lot of upside. High risk, high potential.

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Hasn't done well. An interesting software company that has a fast invoicing system that allows suppliers to invoice clients quickly. Saves their clients money. Did a reverse stock split 50 to 1, which was a bad idea.. Thinks it has bottomed. Has a new CEO that he likes. Looking at this as a turn around. They need to diversify beyond the oil businesses. He thinks they could have a lot of upside. High risk, high potential.

COMMENT
COMMENT
June 2, 2015

A tech company with an online accounts receivables system. Companies who employ it ask their suppliers to invoice them using this company’s technology, and they get paid on a per use basis. They dominated the oil/gas industry and have done very well there. The oil/gas business is hurting them a little right now and they have had a management turn over.

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A tech company with an online accounts receivables system. Companies who employ it ask their suppliers to invoice them using this company’s technology, and they get paid on a per use basis. They dominated the oil/gas industry and have done very well there. The oil/gas business is hurting them a little right now and they have had a management turn over.

COMMENT
COMMENT
January 28, 2015

A web-based software for invoicing, which allows corporations to speed up the invoicing system processes. Has been a bit of a laggard for the last few years. He and his subscribers have bought a lot of the stock, because they think it is going to turn around. Not so much the business, because the business does quite well. Their revenues grew 45% in the last quarter. This is more of a stock turnaround. If they can turn it around and start producing profits and telling the story better, it has a very bright future. He has told his subscribers to bid up to $0.10, but don’t go beyond that and let the sellers come to them.

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A web-based software for invoicing, which allows corporations to speed up the invoicing system processes. Has been a bit of a laggard for the last few years. He and his subscribers have bought a lot of the stock, because they think it is going to turn around. Not so much the business, because the business does quite well. Their revenues grew 45% in the last quarter. This is more of a stock turnaround. If they can turn it around and start producing profits and telling the story better, it has a very bright future. He has told his subscribers to bid up to $0.10, but don’t go beyond that and let the sellers come to them.

PAST TOP PICK
PAST TOP PICK
July 19, 2011
(Top Pick Aug 16/10, Down 20.00%)
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(Top Pick Aug 16/10, Down 20.00%)
BUY
BUY
November 26, 2010
Likes. Continue to execute strategy. Processes payments, purchase orders and receivables online primarily for oil/gas companies and hopes they will expand out of that. Early stage.
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Likes. Continue to execute strategy. Processes payments, purchase orders and receivables online primarily for oil/gas companies and hopes they will expand out of that. Early stage.
TOP PICK
TOP PICK
August 16, 2010
Enterprise network largely for oil/gas companies and suppliers for processing payments, purchase orders and receivables online, which eliminates paper/staffing. Also has connectivity to Blackberry for field work. About $2 million revenue growth but at the turning point of ramping this up.
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Enterprise network largely for oil/gas companies and suppliers for processing payments, purchase orders and receivables online, which eliminates paper/staffing. Also has connectivity to Blackberry for field work. About $2 million revenue growth but at the turning point of ramping this up.
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