RespireRx Pharmaceuticals Inc (RSPI)

[Aiming4]

food4thought - Haysaw's post #Msg-23676988 said a lot of my thoughts.

I think it doesn't really matter much whether there previously was a backup plan or not, I think there likely was, but it doesn't much matter.

What will matter is what Cortex is going to decide to do, and we'll find that out at the CC (and I'm assuming there will be a CC).

The point to focus on is this: what is Cortex likely to come up with as a game plan?

I DON'T think Cortex will be looking at putting the company on the market, because:

1) Mgmt feels the price they'd get is too low.

2) Mgmt options would lose some or all value in a buyout.

3) Speculation on my part: Mgmt knows details we don't about what happened with the FDA, about what offers have been received to date, about what level of interest exists, and has some sort of plan we're not yet thinking about.

#3 is just a gut feeling, but based on my assumption that mgmt knows details that we don't (as is the case with all companies), I think it's likely we will be surprised with some of the proposals we'll hear in the CC.