RespireRx Pharmaceuticals Inc (RSPI)

[myostrain]

Insider buys;
Coleman 11/7/07 40k, 11/12/07 42k. Total held 171k
Carl Cotman 11/14/07 3k. Total held 71k
Ross Johnson 11/14/07 30k. Total held 30k
Peter Drake 11/14/07 50k. Total held 50k

Individual purchases: 5.
Number of Insiders: 4
Number of Insiders accumulating only required shares: 1

The information from Dews' post stated 30k shares are required to be held by executive officers.

Ross Johnson-only bought required, nothing significant by purchase except possibility of Ross feeling the SP is near a bottom.

Cotman- 3k buy, total 71k. Probably has a family, maybe kids-saving for college. Note: I-hub board investing style is not typical and not one of the recommended investing methods. No matter the belief of a positive future, a 3k buy with a 71k total holding is a significant buy. 3k is small but it may mean Cotman and/or his wife are rationale and no matter the faith in the future COR SP, the kids/family future investments can not deviate towards an imbalanced/volitile portfolio.

Drake- 50k, total 50k, 20k over minimum. Very positive. There is no multiple level minimums based on position. We would have access to concrete information stating such, we do not, we have concrete info regarding a 30k minimum for all executives. $10k is a significant amount of bonus/money that could be used in many other ways investing or spending on home/family.

Coleman- doubled his COR portfolio from 89k to 171k. Ie. already far past required holding.

There is absolutely no company money that was used to directly buy the shares.
The only connection is they are insiders and work for Cortex therefore they get paid by Cortex (unless they have a 2nd job, any purchase they do is "funded" by Cortex)

Only 1 Insider bought just the required holding-the only area to think here is how long has he been an employee, that could give greater positive/negative to the current buy. Ie. the required holding concept is a poor one that doesn't hold any weight for the 4 insiders who bought.

Bonuses: aren't those given after the end of the fiscal year or towards Christmas; ie end of 3rd quarter or Nov 8, 14 would not be a likely time period to get a bonus.