RespireRx Pharmaceuticals Inc (RSPI)

[drfreely]

I haven't posted for several weeks because after SA release I decided to unwind the shares I purchased mid-summer 2010 @.16. It took almost three weeks to unload 70K worth. Average price .15.
Good luck to all longs.
I'm of the opinion that the best place for this promising platform is anywhere but in the hands of current management. For those of you hopeful about the future of this technology, I urge you to sell your remaining shares. For those of you who just want the technology out of the hands of current management, I suggest you do likewise.
Posting on this board will not change anything with regards to company direction, nor will emailing, or calling management. They have their own agenda that has run counter to enhancement of shareholder value for some time now. Compare the compensation of management as a percentage of market cap over time. Now compare that percentage to any successful biotech.
Selling your shares will accomplish the goal of moving this technology forward the fastest possible way. By depressing the SP, it will limit current management's access to additional capitol through further secondary stock offerings, and will shorten their tenure at helm. Whether it be through a forced sale of assets, or a buyout of shares dosen't matter at this point.
This stock is thinly traded, so this won't take very long to accomplish. Please consider doing this sooner rather than after the dilution is announced. Do not wait for a press release regarding SA, or company direction. It will not materialize, or if it does it will not substantially impact SP.
Stuck in a dark cave with no hope of escape? Sometime the only way out is a dull pocket knife.