Replies to post #2608 on RespireRx Pharmaceuticals Inc (RSPI)

[DewDiligence]

>We won't know if [Mansbach] decided to opt for BP security or small company potential until his next stop is announced--by whatever company he is joining.<

If Mansbach already had a job lined up, COR’s PR would likely have said so. When known, the destination of a departing senior executive is usually (but not always) disclosed in the PR announcing the departure.

Thus, it’s reasonable to infer that Mansbach does not yet have another job lined up and he is jumping ship.

[jerrydylan]

It is surely possible he was contacted by another company who made him a plausible offer, he decided to take it. I agree with Davidal, he hasn't probably had the intellectual challenges in the past 8 months relative to the previous 12-15 months...I think the news like everything else lately comes during not only a uncertain time for the company, but the stock itself- if you want to wrtie off your loss against income you have about 10 trading days to accomplish this, if you were going to punt some this isn't encouragement not to. In and of itself it may not be as severe an indictment of the ampakine science as it appears on the surface given the timeline and chart. He didn't have the overall options grant Varney did, 240,000 as of March 24, 2006. Varney has 750,000.

[gfp927z]

Neuro, Considering all the recent clinical setbacks for Cortex, a more logical conclusion is that with CX-717 in serious trouble, and the high impacts soon to be outlicensed, Mansbach just doesn't see his future role at Cortex being all that attractive. He may not care much for the orphan in-licensing idea either. These would seem like the most obvious reasons, though I guess we won't know without talking to him personally. As you said, he may also figure Varney is destined to be Stoll's successor. Assuming he gets to keep his existing Cortex options, Mansbach can still participate in any future upside, while making a lot more money somewhere else, and with more interesting programs to work on.

It'll be interesting to see if anyone else decides to bail out. Varney could probably land a really great job somewhere else, but it's still too early to conclude that an "abandon ship" mentality has taken over at Cortex.