Replies to post #45372 on RespireRx Pharmaceuticals Inc (RSPI)

[LTListener]

I dont think ever missing SEC filings is a good sign especially in light that they have historically been diligent with updating shareholders. However, if you read their filings they acknowledge this from last 10-Q:

"At present, we believe that we are hindered primarily by our public corporate structure, our OTC Pink Market listing and our low market capitalization as a result of our low stock price as well as the weakness of our balance sheet."

"We believe that some or all of our assets should be licensed, sub-licensed, joint ventured or even sold and have initiated efforts to do so"

I believe any serious partnership or money infusion will come with a requirement to move away from OTC shenanigans. They already have taken steps to do so with the OSA program in Australia. A BOD member loaned them 100k with only warrants backing it up and the CEO has significant loans and investments provided as well. IMO the direction of the story is being foretold although far from certain.