RespireRx Pharmaceuticals Inc (RSPI)

[haysaw]

I agree with your questions and concerns. First and foremost, they are out for their own survival. There is nothing great for shareholders in this approach, when they fail as often as they do. Too much cheerleading/sugarcoating (exaggeratedly positive reactions to salary-swallowing funding) only [falsely] validates their strategy, and encourages their lackluster resolve. One step forward and two steps back.

It is mildly pleasing that their is wiggle room, but I will continue to expect the same poor performance, which we have come to expect, from poor leadership. The wildcard is the already planted seeds--Servier, MJFF, even UAlberta+RD--which I hope propels us to a higher valuation. The lack of effort on AD is a complete tragedy--something, anything, should be happening on that front at any given time, just to have a horse in this revolutionary race for treatment options. I would consider this mgmt's biggest failure.

This would be a good time for mgmt to act selflessly and throw in the towel, and have the BOD throw out the poison pill. Look for new leadership, or just find a savvy M&A guy/firm who can be aligned with shareholders. Too much to ask? Of course, but it never hurts to ask anyway...

It's not really that difficult to admit failure, Lebron James mentioned his over and over again in the Press Conf., after Dirk and the Mav's showed them up to win the finals. I guess it takes integrity, something this mgmt team doesn't seem to have. It's 'yin and yang' guys, not 'ying' or 'yang'.