RespireRx Pharmaceuticals Inc (RSPI)

[food4thought]

It's the absolute right thing to do. They either couldn't get the deal done in time or aquire funding at a decent number, so it looks like expenditure control until SA data is revealed. A good move in my mind, much better than heavy dilution for a short term float. You can always restaff. If the higher ups were walking for fear of worthless checks I'd be more concerned. If Varney et al are willing to hold or reduce their salaries for the short term and remain with the company, it shows a sign of good faith and remaining belief in the IP, impo. They should have began cost control a bit ealier in my mind, but probably didn't expect the difficulty partnering. If SA data is trash however, this story is probably all but over. More wait and see.