RespireRx Pharmaceuticals Inc (fka RSPI)

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A deal could still be made now but as each day goes by chances become less and less. COR's cash is reaching the none existent level and COR has to raise cash as quick as possible even if a PIPE is at horrible terms. COR also must raise enough cash now to cover their expenditures for all of 2009 so that their annual report is not qualified for a going concern basis. Therefore COR would need approx. 15-20M immediately and the quickest way is through a PIPE.