RespireRx Pharmaceuticals Inc (fka RSPI)

[enemem]

Going against the PIPE idea is 1. the low number of people shorting the stock. Anybody privy to this would be expected to take a short position. 2. The upward trend in SP in a skittish market.
My assumption is that information about a PIPE would leak (bad pun). In anticipation of a PIPE, I'd expect an increase in people shorting the stock, and a sell-off by anyone in the know.