RespireRx Pharmaceuticals Inc (fka RSPI)

[davidal66]

gfp, to be a Cortex shareholder, you must see some positive scenario that will bring the stock price up: the stock is undervalued. This does not mean the rosy scenario is right, but if one has a truly bearish scenario, why own the stock? even at 49 cents? I have typically gotten too bullish with Cortex, but I think that 2-4 dollars with just a bit of good news is realistic. I think Cortex is a compelling buy at 49 cents and have added to my position here; that doesn't make me right.

In the short term, I can see several distinct positive scenarios:

1. Schering partnership for additional ampakines, possibly expanding applications to include RD. That would turn us into a 2-4 bagger in a minute. It would also lower cash needs since CX701 et al would be under the development of another pharma.

2. RD news showing a biologically significant reversal of resp. depression with CX717 in the acute setting... a new indication with an acute usage for CX717.

3. PET scan study results later in '08.

I'm not talking about a 50 dollar stuck, but if one or more of these events click, the stock price will, IMHO, soar to 2-4 dollar range.