Replies to post #8445 on RespireRx Pharmaceuticals Inc (fka RSPI)

[ChetP1]

Upndown, if you are correct, then Stoll has certainly given the BP's an opportunity to buy in at a much cheaper price.

Just how is this a benefit to you and me?

[Aiming4]

upndown1313 - could you explain what you mean?... I don't get how a PIPE could be a vehicle for a BP to take equity in COR.

[DFRAI]

I have not seen a deal where Big pharma takes the secondary shares. They usually annouce a partnership and the stake simultaneously.

[DewDiligence]

>Has anybody considered the option that COR may want the BP to take equity in COR and this is the vehicle to do that?<

The PR says: “Cortex Pharmaceuticals…has obtained commitments from several institutional investors to purchase shares of its common stock and warrants…”

A development partner would not be described as an “institutional investor.”