RespireRx Pharmaceuticals Inc (RSPI)

[powerbattles]

Please stop! All the bashers showing up here with criticism and spreading baseless pathetic nonsense. The company has ample time to file its reports, and all filings are now done electronically, ensuring instant availability. While I appreciate staying informed about their filings and seeing the stock rise, spreading inaccurate information to safeguard investments is unacceptable.

If your company is SEC registered, you generally cannot file a normal 10-K without audited financial statements. You must include audited financial statements in your Form 10-K. These statements ensure accuracy and compliance with accounting standards like GAAP or IFRS. Failure to do so can lead to SEC scrutiny, penalties, or delays in filing approval. The SEC must adhere to these requirements to maintain transparency and provide reliable financial information to investors and regulators. However, a registered company can become nonregistered with the SEC through a process known as deregistration. This involves determining eligibility often having 300 or fewer shareholders, board approval via resolution, filing Form 15 with the SEC to suspend reporting obligations, SEC review and acceptance, shareholder notification, and final suspension of reporting duties. After deregistration, the company may still need to comply with state securities laws depending on its activities.

Please, folks! This is not the battle for the childish. This isn't the end of the story. We need to stay informed and assess our risk tolerance. The company is aware of the delay and still has time to address this matter. Imho.