Replies to post #30046 on RespireRx Pharmaceuticals Inc (RSPI)

[tonyvanw]

David - <Why would threatening to dilute the number of shares outstanding represent a 'threat' to a potential suitor?> It does move the financial "drop dead" date further out, unfortunately at the expense of current shareholders.

I know that I am in a quandary as to how to vote. Another financing at 15 cents or less (with warrents) would be devastating and as stated would not buy much time. On the other hand, I would hate the see the IP sold at a firesale price.

Hopefully, a rabbit will be pulled from the hat in the near future that will enable me to vote for the authorized share increase.

[emeraldcityking9]

Davidal,

You are entirely misunderstanding the sentiment expressed. I believe MV is indicating that by having the ability to raise capital (regardless of the terms) by having shares available to sell means a company's back is not completely against the wall. That ability to raise shares gives Cortex some leverage in negotiating a deal. It means it has the abilty to survive without a partner, at least for the short-term If they have no shares and no $ and potential licensing partners know that, then it is harder for Cortex to negotiate a strong deal as partners realize desperation and realize that a partnership is the only remaining route for Cortex to get financing.

I asked if it was ok to post my email, and will post if I have an okay--though I admit there is nothing groundbreaking in it.