RespireRx Pharmaceuticals Inc (RSPI)

[neuroinv]

There is something different now--they raised money. Now we can say the terms were awful, and they were. But somebody put up $1.5 million, and those who say funds are just throwing that kind of money randomly at a dart board have no clue. So this is interpreted as meaning that a sophisticated investor decided it was worth putting $1.5 million at risk. The second piece is that it indeed extended the 'runway' so that it is pretty clear that they will finish the SA trial and then have more than a few days of 'fuel' left. That's why there is enough demand to 'sop' up the supply. This is different than presuming there is an imminent, yet-to-be-disclosed event that is propelling some type of buying based on nonpublic info, which seemed to be the other hypothesis.

NeuroInvestment