<<as due dilligence nears completion, news of an impending deal tends to leak out. Obviously, based on share-price, such leakage isn't happening. Can we infer from this that a deal is months rather than weeks away?>>
I recall arguing the contrary, that Big Pharma people aren't going to risk their jobs, and Cortex has already shown the ability to keep (RD results) quiet. I think the share price movement is mostly due to anxiety about "going broke", plus the possibility that people involved with companies (I know of two) interested (not committed) in doing a financing, could be keeping the share price down to make the terms as advantageous as possible. This has been questioned by some, and I certainly don't 'know' that anyone is doing this. But when they talk about 'motive', that would be a pretty compelling one (does a company receive 33 million shares plus warrants or 25 million shares plus warrants for their $10 million?)....that's enough to at least raise the possibility of cheating.
So I personally only take this from the "hue of darkness" (nice touch there) surrounding negotiations (which are not "purported")--nothing is settled. It says nothing about whether it would take days, weeks, or months to get things settled. Other than we know that Cortex doesn't have 'months.'
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