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I bought 250,000 and 190,600 on Thursday at 3:46 PM. If there were other 0.0013 prints that day they weren't mine.
Yessir. EOM
I was doing pretty much all of the buying and I believe me when I say I don't know anything. I just think that the shares are cheap down here and I wanted fills and I was willing to overpay a little if necessary to get them.
This post doesn't really jive with your previous post, IMO.
Thanks!
Hey man, what is the bid/ask now?
https://www.td.com/ca/en/investing/direct-investing/trading/webbroker
In Canada there is still a TD.
Just wondering what is the bid/ask now? Thanks very much!!
Thank you!
Her man, I was wondering what is the current bid/ask?
That 11 am trade that you mentioned took place on Friday. On the Quotemedia time and sales page for an RSPI quote they have the timestamp as well as the date.
https://quotemedia.com/portal/time_sales?qm_symbol=Rspi
Thanks very much for posting all of these, meixatech.
RespireRx owed their auditor money which was their excuse for not getting any audit done on their then and still delinquent annual filing. As a result of not being current with their filings they have been punted to the Expert Market. I'm not really sure what they plan on doing from this point. Also, I'm not sure about the ease at which a delinquent turned current company would enjoy in terms of getting off the Expert Market, just in case you were wondering about their being stuck here thing even if they wanted to get current and have the stock properly quoted again. Others may know more about both those topics, however.
If I were to hazard a guess, I believe the move to Expert Market was to allow the IP to be developed without the company's PPS being massively undervalued *and* trading on a liquid market, for fear of a hostile takeover.
If RespireRx is able to effectively advance their IP on the Expert Market it would mean that they could reemerge to active trading with a story in place to drive valuations to a place much, much higher than where we currently are.
His LinkedIn says he left his position of Principal Research Scientist at Eli Lilly in Mar. 2018.
The last 10-K ERHE filed was in 2017 but it's still on the Expert Market. The SEC sought revocation in 2019 and it was denied by the courts in 2020.
Personally I'm disgusted by the fact this stock is going to the Expert Market but I don't think it's certain death as you keep ascribing.
It's possibly different in Canada. But in Canada you'll need a Canadian address to open an account. JMHO
Thanks for the update. My preference would have been dilution to satisfy regulatory requirements versus going to EM since I'm concerned about revocation/reinstatement. I'm sure they know more than I but the whims of regulators, or the regulators themselves, may change. Also, does an OTC Pink stock qualify for grants better than an Expert Market stock? I have no idea. There's a decent chance their path forward has been established, regardless of market.
Honestly the whole thing stinks but in a grey world (versus black and white) I'll take a favorable endgame despite the questionable moves versus the shareholders getting nothing in terms of ROI. GLTA
If they receive shares in the spin-off companies which will appreciate in value better than the original investment would have then yes.
On the RespireRx website they've got their Ampakine and Gabakine platforms under the umbrella of the moniker EndeavorRx, so I can see that all being spun off into one company. If they're going to put us into stock purgatory for an extended period of time I'd rather they just start off fresh with a new name on a better market. All IMHO.
I think LTListener has it right. This all makes sense if the IP will go to spin-off companies and RSPI becomes nothing but a worthless shell in the end, in which case where it trades will not matter. I'm guessing the rationale is that this approach will attract a higher class and more LTBH mentality of investor once these new companies begin trading, thereby benefitting present day RSPI shareholders with a greater market capitalization for their assets in the future versus having to deal with climbing out of the ranks of penny stock status.
Phantom stock...provide employers with a means of providing equity-linked compensation to employees without the need to materially dilute their stock.
https://www.investopedia.com/articles/stocks/12/introduction-phantom-stock.asp
Perfectly surmised.
How many hundreds of millions of shares were added to the O/S this past year? After news of DOD funding they could have easily raised the funds for an audited 10-K. They are choosing to bring this to the Expert Market.
I understand that getting ahead of the move to EM seems pretty straightforward in terms of staying on OTC Pink, even without fling audited annual financial statements. However, the anecdotal reports on this board is that coming back from EM is a different story.
Does it matter if the stock is a POS or not? If the company is easily recognizable as having transformed itself into a good company then hopefully coming back from a less than desirable financial situation would be pretty straightforward to achieve a market status other than EM. But we don't know how selective the decision makers are in this regard. On the outside looking in I would say it would be better to be safe than sorry.
It's the CFO, and respectfully, where does it say anywhere that a simple form or whatever gets us back?
Huh, yeah, I believe you're right on that actually. I guess we'll see what all happens. GLTA
You can't even speak English.
It's wrong to do this. Retail should be respected. We still have no idea if they're going to spin everything off and give us crumbs. Big time anxiety because, best case scenario, they want to enrich their friends.
I'd never do this to retail shareholders. Would you?
Disappointed to say the least. EOM
I'm not sure why a huge bid, even below the best bid, would have that effect.
Excuse my ignorance, but did the bid sizes of tens of millions of shares only start showing up after things had been taken to the brink?
longranger is always a real one. Respect.
Why are you replying to someone that can't even speak English?
This is true. I was buying even in this Grace Period so I can't complain too loud, but honestly this is a joke. Best case scenario is a merger which would "justify" a delay. GLTA.
P.S. In the end God loves you so soldier on, but we all know it would be right if they do right by the Shareholders.
It's not "understable". They knew what what they were sitting on. It's an absolute shame they chose not to cobble together the money for accounting fees to stave off this mess.
If they let this go to Expert Market for some stupid reason who cares? I own 20 million shares of this stock and I bought the dilution. From a decency standpoint I expect them to do right by us, and the stage where we're in the best case scenario is still causing unnecessary anxiety.
If this goes to Expert Market it's an abject dereliction of fiduciary responsibility. Publicly traded companies should remain publicly traded, and the Expert Market is a joke.
Possibly, or alternatively offshore brokers.. Although the latters' minimum funding requirements are generally higher.