RespireRx Pharmaceuticals Inc (fka RSPI)

[neuroinv]

Taking a break from dinner preparations, I see the Board has been quite busy. I think Dew nailed the meaning of the registration quite well. I would only add that--and I think I mentioned something along this line a couple weeks ago--Cortex wants to have all options open. By having a financing ready to go, they can offset a prospective partner's perceived leverage offered by a shrinking cash position. It's not just a bluff, they can get money if need be, but I think this is also a way of maximizing their position in partnership discussions--or for that matter, any M&A talks that might be happening.

NeuroInvestment