Replies to post #39675 on RespireRx Pharmaceuticals Inc (RSPI)

[senderos]

No, not correct. After the split, there will be 70M authorized shares, not outstanding shares. Big difference. There will only be about 2M outstanding. If we get good news with the O/S that low, the stock should move nicely.

From the latest 8K:

The Company’s shareholders approved an amendment (the “Amendment”) to the Company’s second restated certificate of incorporation (i) to effect, at the discretion of the Company’s Board of Directors, a three hundred twenty five-to-one (325 to 1) reverse stock split of all of the outstanding shares of the Company’s common stock, par value $0.001 per share, and (ii) to set the Company’s authorized shares of stock at 70,000,000 shares consisting of 65,000,000 shares designated as common stock, par value $0.001 per share, and 5,000,000 shares designated as preferred stock, with stated value and other terms to be determined at the discretion of the Board of Directors, as follows:

[Jumpinjackas]

What numbers are you using? The number of shares are in the 8k. Divide by 325