Replies to post #11221 on RespireRx Pharmaceuticals Inc (RSPI)

[haysaw]

<<<If there is not a back up plan then Stoll certainly needs to depart and I prey for a buyout of technology>>>

There is always a back up plan. RD is one of them. There is more going on than just CX 717 for ADHD, although it is very easy to only focus on the recent disaster.

My sarcastic response to your point: Even if they did not have a back up plan prior to this mess, they do now or will soon, and it will be told at the CC some time before the end of November!

<<<I just don't believe that someone exists to bail out a failing company>>>

That sounds very untrue. I certainly wouldn't do it, but there are plenty of people/companies who make a market in just that; lending money to companies in need. How about the entire finance/banking/brokerage/insurance industry which fueled and depended on the real estate bubble, and the internet/tech bubble before that? Fortunes are made and lost with high stakes risk taking. Those deals will be lousy under current and possibly near term economic conditions, but they can and do get done, I feel.

The thought of a reverse split is what really sounds depressing to me. I hope we can avoid that direction to stay in compliance.

[Aiming4]

food4thought - Haysaw's post #Msg-23676988 said a lot of my thoughts.

I think it doesn't really matter much whether there previously was a backup plan or not, I think there likely was, but it doesn't much matter.

What will matter is what Cortex is going to decide to do, and we'll find that out at the CC (and I'm assuming there will be a CC).

The point to focus on is this: what is Cortex likely to come up with as a game plan?

I DON'T think Cortex will be looking at putting the company on the market, because:

1) Mgmt feels the price they'd get is too low.

2) Mgmt options would lose some or all value in a buyout.

3) Speculation on my part: Mgmt knows details we don't about what happened with the FDA, about what offers have been received to date, about what level of interest exists, and has some sort of plan we're not yet thinking about.

#3 is just a gut feeling, but based on my assumption that mgmt knows details that we don't (as is the case with all companies), I think it's likely we will be surprised with some of the proposals we'll hear in the CC.

[PATCOcontroller]

Food-YOU WIN!!

There are a lot of good posts the past two days. It appears many of you are talking to each other in the manner I was expecting by now from COR management. However, the silence is deafening. I forgot who it was, but someone implied they had a conversation with Dr. Stoll. Well, if he has time to talk to one, why not talk to us all?

"Again, I am only pointing out that the back up plan does not exist in the public eye which allows us to speculate. This is an extremely intelligent board and right now this board is all we have, at least until a conference call is issued. I am a business man that does not understand a majority of the technical jargon posted by Neuro and others, but from a business stand point I know where we stand, and we are standing in quicksand. If there is not a back up plan then Stoll certainly needs to depart and I prey for a buyout of technology. I just don't believe that someone exists to bail out a failing company, other than a value draining loan shark, no matter how great the technology. If there is no money in the bank what is it the technology seriously worth? Can our existing cash get us to point where there may again be BP interest?"

This is quality Food; an observation, an opinion, and a couple of questions.

After reading so much, I have determined that biotechs are the penny stocks of the 21st century. Back in the 60's and 70's it was the mining stocks. Over three decades later, I will look at COR as my most recent Mt. Union Industries or Nyvatex Oil-two of my biggest disasters.

If I get the certificates, I could line my drawers with them. So, be optimistic, COR will always have some value.

Have an great week-DT