RespireRx Pharmaceuticals Inc (RSPI)

[gfp927z]

Looking at the last 2 PIPES, they were priced at $2.66 and $2.75, with 5 year warrants at $3.00 and $3.25. So with the stock currently at $2.85, if a PIPE were to occur right now it would probably also be priced around that level. Not exactly what I was hoping to see, but we'll see what happens. I've been figuring a PIPE would happen closer to year end or early '07. It's a shame that we don't have a shelf registration set up, where one can quickly issue shares at the optimum moments.