RespireRx Pharmaceuticals Inc (RSPI)

[drfreely]

Seems like getting fifteen cents on every dollar he raises as a bonus, plus salary, plus options may be one of the things that's keeping investors from cutting checks, not to mention dilution, creditors, past stock performance and the "going concern" concerns listed in the latest 10Q.
Kinda like running a charity for homeless dogs where only a small percentage goes to dog food, shelters, and vet bills. How does an investor know the money he puts into the company will go to fund these trials, and not pay off creditors, attorneys, ever-increasing bonuses and salaries due?
Regarding the patents. If they were so valuable why did their partners allow them to be transferred for a song and a dance?
Maybe old age has made me more than a little pessimistic. I really hope I'm wrong, but this management team (Margolis, Lippa, Manuso) are all well-connected guys. Each one a prize winning pup in their own particular pedigree. Why haven't they been able to cajole some hedge fund guy with millions that need to find a home yesterday? Or at least some rich kid playing with daddy's money to sign on the line which is dotted?