RespireRx Pharmaceuticals Inc (RSPI)

[drfreely]

Although I'm disappointed they couldn't raise more money ( I would have preferred 3 million up front), I was encouraged they were able to avoid further dilution for now. So much so that, as per my original plan, I'm back in CORX with a small purchase of 100k shares. Will consider buying more this summer if I see volume and S.P. improve. On the other hand, I've got a tight leash on this purchase.
I see Servier as being the immediate winner in this transaction, as they must have seen something in clinic they liked, and paid peanuts for the tech. Although, if CORX can provide Servier with a winner, it will bode well for them in the long run, and perhaps raise the value of their other compounds. Their next order of business should be to bundle and sell R.D./S.A. to raise more funds to finally put ADHD in clinic. As I've said before, I don't think a buyout that would immediately help shareholders is in the works.