RespireRx Pharmaceuticals Inc (RSPI)

[drfreely]

Although some have labelled me a basher, or worse for posting my sale of CORX stock after the fact, and advising others do likewise due to an impending financing I feel will mean further pain for shareholders, I am in complete agreement that there will be no sale of CORX in the immediate future.
As per my previous posts, I feel CORX is not yet bite-sized enough to be bought out at a premium this market is willing to pay. At half the current share price and no money left for salaries, rent, and no further dilution possible CORX may well be sold, not before.
I will consider repurchasing my shares at that level, and not before.
Although I consider management competent, and hardworking, I don't see anything in their resumes that has prepared them for the choices they now face.
FWIW, I also agree with Neuro that when the sale does occur, the sale price will be less than 30 million, much less.