RespireRx Pharmaceuticals Inc (RSPI)

[enemem]

That also always struck me as a total no-brainer. Hindsight only makes things worse though.

I really don't see a way forward. In the spring, the general idea was that corx would get SA results by summer/early fall, and have an ADHD IND submitted by then. Neither of these things have happened, and this slippage(if you can call it that) leaves corx with no discernible ways to raise funds going forward. At this share-price, a PIPE or a reverse split are pretty pointless, and with the money they have left, it's not obvious to me that they can bring anything forward for an outlicencing deal.

It could be that they are in negotiations to outlicence the whole low-impact platform, but if they have a company interested in that, why wouldn't that company just buy them outright?

I know that one way or another this whole ridiculous thing will go forward. I don't have any idea how they are going to do it, but I am pretty sure that we won't all be sitting here waiting in the of spring 2011. Something's going to give.