RespireRx Pharmaceuticals Inc (fka RSPI)

[Market_Fest4]

If I'm reading this correctly, it's to sell stock for no more than $21M. So, depending on the share price, that may not be a whole lot of shares?

Not sure what to make of this? Doesn't sound like a PIPE. Perhaps, COR is anticipating a deal that will improve share price in the next few months, and they plan to sell into strength after a deal is announced, thus raising capital for more ambitious expansion plans?

Plus, there is the warrant expiration coming in January. What was that date? That's when some 5 million warrants expire worthless at current price.

I'd hate to think management is trying to play with market timing in order to preserve a few million shares. But, at 50 cents, I just hope they can survive.

MF4