RespireRx Pharmaceuticals Inc (RSPI)

[Aiming4]

Davidal - neither agreeing or disagreeing with the majority of your post, lots of food for thought there.

But on one point, i.e. Cortex mgmt not wanting a sale at the $1.60 level, I think it's also plausible they would be against such an offer because:

1) They don't feel it's fair value for the company as it stands today.

2) They feel it's probable that value can be increased in the company, so a future buyout is closer to being equitable.

I fully agree and understand that Cortex mgmt will also be motivated by what happens to their options, and this could cause a conflict of interest with what investors want.

But I think there are also legit reasons mgmt might oppose a buyout at the 1.60 level.