Tuesday, July 30, 2024 4:39:45 PM
"There is December 8-k filing on VP getting shares as payment "
The agreement says he is to be paid on an hourly basis for up to 5 hours a month at an unspecified rate with payment to be made in restricted common shares.
"you see management/executives/insiders/institutional/debt holders all positioned with equity stakes here"
There's no evidence that he has earned shares or is holding a stake. And he's not one of these: "management/executives/insiders/institutional/debt holders". He's an independent contractor.
"8-k’s this year on BOD loan and warrant shares and institutional absorbing debt at 0% with .0015 conversion. "
The new Director received warrants as partial compensation (along with 10% interest) for his $100K loan. They have a cashless exercise feature....in other words he doesn't have to pay anything to exercise his warrants. That doesn't equate to "management/executives/insiders/institutional/debt holders all positioned with equity stakes".
Institutional absorbing debt? Someone described as an institutional investor took a conversion feature at $.015 and a 0% interest rate knowing that the Company couldn't pay cash interest.....the interest on the original notes ( interest at 10% and collateralized by the Company’s assets, $50,000 of which was convertible under certain circumstances) was never paid.
"Past 10-q shows CEO loaned money with warrants."
Warrants that expired on 9/30/23.
"Many entities moved to preferred shares requiring a payment event to unlock equity."
Again said entities took Preferred Shares that they could get in lieu of cash they were owed that they couldn't get.
If you believe these transactions represent the desire to own RespireRx equity I beg to differ.
No matter what it is or who commenced it, I'm against it!
....Groucho
Recent RSPI News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 12:45:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 12:30:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:01:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 01:03:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/02/2024 01:30:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 01:45:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 01:45:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/17/2023 09:06:03 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 09:05:14 PM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM
North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia • NBRI • Nov 4, 2024 9:00 AM
Rainmaker Worldwide Inc. to Assume Direct, Non-Dealer Sales of Miranda Water Technologies in U.S. and Mexico in First Quarter of 2025 • RAKR • Nov 4, 2024 8:31 AM
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM