RespireRx Pharmaceuticals Inc (RSPI)

[Aiming4]

myostain - I agree that waiting until RD results are known will clearly make a big impact on the financing terms, but that works both ways - if the results are bad, the financing terms will be absolutely horrendous - as in stupefyingly bad.

Most if not all of the factors are in place that were in place prior to previous financings:

Bad, perhaps deteriorating, definitely unpredictable credit market

Binary event approaching with great risk to the company if the event results are bad and we know from experience that Cortex mgmt has a cautious nature rather than a gunslinger approach when it comes to binary results - and thankfully so or the share price would be even worse than it is now based on how the last couple binary events have turned out.

If the binary event goes well, cash will be "needed" to "negotiate from a position of strength"

Cash falls below the "magic" $10M level in June 2008 - in the past (and I'm going from memory here), I believe Dr. Stoll has stated $10M was a level he did not like to see the company go below. If an RD deal takes 6 months from the time of results (and 6 months is what has been discussed on this board previously as a realistic time frame in which to expect a BP deal to get done in), and we assume results in June (the earliest possible date provided by the company - assumes of course no time slippage), cash will be down to $3M in December 2008 - see Gfp's #Msg-28594473

To reiterate, I'm not necessarily convinced (yet) that a financing is going to happen before RD results, but I do see a lot of reasons to think it's more than a remote possibility.