Replies to post #29171 on RespireRx Pharmaceuticals Inc (fka RSPI)

[atlshrug]

150,000 shares here Aiming - no without a deal coming through first

[Aiming4]

Shares owned and intended vote for the upcoming 11/23/2009 special meeting to vote on increasing the authorized share count.

See #msg-42139374 for details for the proposal.

Inclusion in this list is completely voluntary.

Simply post a msg to this board to have your info added to this list, or to have your info changed or deleted. I will update it every evening.

There will also be an anonymous poll starting Monday (10/05/2009) evening if you prefer not to post your holdings or vote decision.


Option 1: I will vote NO to the share increase IF Cortex does NOT announce some sort of deal prior to the special meeting:

353k - food4thought - #msg-42165984
240k - gfp - #msg-42165396
250k - davidal66 - #msg-42165289
50k - enemem - #msg-42165170
150k - atlshrug - #msg-42168036

Option 2: I will vote NO to the share increase regardless of what occurs between now and the vote:


Option 3: I will vote YES to the share increase regardless of what occurs between now and the vote:

[gfp927z]

Aiming, One other question for the poll would be support for a buyout. Something like - 'would you be in favor of accepting a buyout offer that would result in a double/triple from the current pps? (buyout at .40-.60)'

[alertmeipp]

>> Aiming:

Option 1a: I will vote NO to the share increase IF Cortex does NOT announce a deal that gives enough cash for at least 1 year prior to the special meeting:


Option 1b: I will vote NO to the share increase IF Cortex does NOT announce some sort of deal prior to the special meeting:


I will vote No if the deal gives us peanuts.

[corwatcher]

726k will vote NO if a deal is not announced with SP increase before the 11/23. I believe a deal is going to happen, but if it doesn't, this is how I would vote, without more information, to change my mind.

[DewDiligence]

A Yes vote on the increase in authorized shares is a fait accompli, in my opinion.

The waiting period between the SEC PRE14A filing (Oct 2) and the record date for the shareholder vote (Oct 19) works strongly in management’s favor. During these 2.5 weeks, some shareholders who are worried about the prospect of a Yes vote will simply sell and move on; meanwhile, the investors who buy their shares are likely to favor management’s proposal. Thus, as the record date for the shareholder vote gets nearer, the proportion of shareholders who oppose management’s proposal will continue to decline.

Anyone who is long and intends to hold might as well get used to the idea that the authorized-share limit is going to increase substantially.