This detailed post offers more reasons to keep a lid on the share price. I am not suggesting improprieties, but informing RVX longs and minority shareholders of additional reasons to keep a lid on this until the AGM and the next deal.

If I were an employee, officer, or director who receives incentive stock options or RSUs as part of my compensation plan, or was contemplating a private placement into RVX which had attached stock warrants as an incentive to make the placement, or an investment bank anticipating a Nasdaq listing which offered shares or an option to purchase a block of shares at a fixed price today excercisable 3 years from now, I would want my strike price to be as low as possible giving me the most leverage to achieve maximum value.

This was disclosed in the report at July 31, 2016 - Note 7

b) Stock options

The Company’s amended stock option plan has been approved as a rolling 10% plan that allows for reservation of a number of common shares under the plan equal to 10% of the Company’s issued and outstanding common shares on an undiluted basis.Additionally, the plan is a reloading plan, which allows for the number of common shares reserved for issuance related to theoptions under the plan to automatically become eligible to be reallocated pursuant to stock option based grants upon optionexpiry, cancellation or exercise. The Company may grant options to its directors, officers, employees and consultants.The majority of options fully vest over zero to three years and have a three to five year term. Certain stock options have performance conditions which must be satisfied in order for the options to vest. The options are settled by way of the issuanceof equity instruments of the Company (“equity-settled”).

The number of options exercisable at July 31, 2016 was 2,012,907 (2015 – 3,336,664) with a weighted average exercise strike price of CAD$1.97 (2015 – CAD$1.90).

The average excercise price of the 2MM shares noted above was 1.76, however, there are

~380,000 with a strike price of .70(CAD) expiring in 2.85 yrs (Nice!)

~730,000................................1.38......................... 3.27

~613,000................................2.74..........................2.58

~412,000................................3.24..........................1.80(These were most likey issued just

before Phase II results)

There were 405,000 RSUs granted in fye 7/31/16 at .98 CAD (In the money now)

Warrants outstanding:

5,000,000 with a strike price of .75 excercisable in 3 years (That's 24MM Profit @ $5 Share )

530,000 ................................ .90 ..................... 2 .....

1,320,000.............................. 1.44 .................. 1 .....

728,000................................. 2.16 .................. 1.5 ......

1,420,000............................. 2.67 ................... 3.97 (Hepalink Warrants)

There is a lot of incentive to keep the price down until the ink dries on whatever deal is coming -

Also, with respect to ISO's, At the 9/30/15 AGM, the following was approved:

2. the Corporation be and is hereby authorized to continue granting options, rights and otherentitlements under the Option Plan and LTIP until September 30, 2018, that is the date thatis three (3) years from the date where shareholder approval is being sought;

The board will not need approval for granting ISOs at this years AGM

My question is - when are the ISO's being granted - or have they been granted - the grant date sets the strike price - another reason to keep the short-term price down

IMHO - The day will come whe no one will be able to keep a lid on this if it is what they sez it is -

Patiently Long and Strong,

Chicagoest