Replies to post #20075 on RespireRx Pharmaceuticals Inc (RSPI)

[gfp927z]

Here are the stock options for key Cortex management (see below). These figures are as of last year and are approximate, not reflecting the most recent activity, but show the bulk of the outstanding options. Note the large number of options in the $2-3 range, so in selling the company, Cortex management would have to get a sales price in the $4-5 range or better to give these significant value -



Stoll ~ 610,000 at 0.71-.78
- 300,000 at 1.30
~ (addl 1.4 mil at 2.35-2.95)

Coleman ~ 160,000 at 0.71-.80
- 125,000 at 1.30
~ (addl 500,000 at 2.11-3.02)

Varney - 250,000 at 1.30
- (addl 750,000 at 2.95)

[asuhowe]

"Eitzen, I'd be happy to sell the company for $2-3. Investors would get a double/triple, and Cortex's technology would finally get the funding it deserves."

Exactly! Everyone can win by doing this..
We all get a chunk of $$ back to invest elsewhere and the technology gets a chance to flurish.

"But I doubt Varney et al would be happy with $2-3, since that would leave most of their options underwater"

If that's the case, then Varney et al should be fired immediately..
They run the company on OUR behalf, not for their own financial benefit.
The sad thing is, if you look at their individual options, they'd still all make out like bandits @ a $3 sale.. !!

However, 99.99% of all management would have to be fired under that scenario, for they all are looking out for #1 only..

It's a shame that stubborn and greed is going to potentially ruin this opportunity we have right in plain sight.

OK, we all won't make the maximum we dreamed of, BUT, we at least all make some good money and can move on with our lives..

How many of you out there feel like you've been a prisoner of COR for the last few years???

Cheers!