Attached files

file filename
EX-99.3 - EX-99.3 - CPEX Pharmaceuticals, Inc.b85584exv99w3.htm
EX-99.1 - EX-99.1 - CPEX Pharmaceuticals, Inc.b85584exv99w1.htm
8-K - FORM 8-K - CPEX Pharmaceuticals, Inc.b85584e8vk.htm
Exhibit 99.2
(KINGSTOWN CAPITAL LOGO)
11 East 44th Street, Suite 704 | New York, NY 10017
P 212 319 1309 | F 646 895 7633
March 11, 2011
Nathaniel August
Mangrove Partners
10 East 53rd Street, 31st Floor
New York, NY 10022
Dear Nathaniel:
I have- reviewed your March 14, 2011 letter to the board of CPEX Pharmaceuticals, Inc. (“the Company”) describing a proposed recapitalization of the Company. Your letter appropriately reflects the intent of Kingstown Capital Management, LP to participate in such recapitalization.
Sincerely,
-s- Michael Blitzer
Michael Blitzer

 


 

Nantahala Capital Management, LLC
100 First Stamford Place
2nd Floor
Stamford, CT 06902
(203) 909-6430
March 11th, 2011
Nathaniel August
Mangrove Partners
10 East 53rd Street, 31st Floor
New York, NY 10022
Dear Mr. August:
We have reviewed your March 14, 2011 letter to the board of CPEX Pharmaceuticals, Inc. describing a proposed recapitalization of CPEX. After reviewing your letter, we believe that it does not misrepresent the interest of Nantahala Capital Management, LLC.
Sincerely,
-s- Wil Harkey
Wil Harkey
Managing Member

 


 

(WEISS ASSET MANAGEMENT LOGO)
March 11, 2011
Nathaniel August
Mangrove Partners
10 East 53rd Street, 31st Floor
New York, NY 10022
Dear Mr. August:
We have reviewed your March 14, 2011 letter to the board of CPEX Pharmaceuticals, Inc. describing a proposed recapitalization of CPEX. After reviewing your letter, we believe that it does not misrepresent the interest of Weiss Asset Management LP.
Sincerely,
-s- Paul Sherman
Paul Sherman
Executive Vice President
222 Berkeley Street, 16th Floor Boston, MA 02116 Phone: (617) 778-7780 Fax: (617) 778-7781

 


 

(KVO CAPITAL MANAGEMENT LOGO)
March 11, 2011
Nathaniel August
Mangrove Partners
10 East 53rd Street, 31st Floor
New York, NY 10022
Dear Mr. August:
We have reviewed your March 14, 2011 letter to the board of CPEX Pharmaceuticals, Inc. describing a proposed recapitalization of CPEX. After reviewing your letter, we believe that it does not misrepresent the interest of KVO Capital Management, LLC.
Sincerely,
-s- Kernan Oberting
Name: Kernan Oberting
Title: Managing Member
     
33 South Main Street
  Hanover, NH 03755
o   |   603.643.0500
  f    603.643.0511

 


 

(ANA LOGO)
  Ana Capital Management LLC
Six Landmark Square, Suite 441
Stamford, CT 06901
March 11, 2011
Mr. Nathaniel August
Mangrove Partners
10 East 53rd Street, 31st Floor
New York, NY 10022
Dear Mr. August:
We have reviewed your letter, dated March 14, 2011, to the Board of Directors of CPEX Pharmaceuticals, Inc. describing a proposed recapitalization. We believe that it does not misrepresent the interest of Ana Capital Management.
Sincerely,
-s- Robert H. Fields
Robert H. Fields
Managing Member
-s- Brian C. Courville
Brian C. Courville
Managing Member

 


 

(WESTERN STANDARD LOGO)
March 11, 2011
Nathaniel August
Mangrove Partners
10 East 53rd Street, 31st Floor
New York, NY 10022
Dear Mr. August:
We have reviewed your March 14, 2011 letter to the board of CPEX Pharmaceuticals, Inc. describing a proposed recapitalization of CPEX. After reviewing your letter, we believe that it does not misrepresent the interest of Western Standard LLC.
Sincerely,
-s- Eric D. Andersen
Eric D. Andersen