I did not expect the recent SP plunge.

I'm not sure anybody did.

That being said, one has to operate on available knowledge and share pricing.

I have added about 10% to my position in the last 2 weeks.

RVX is trading like the equity market is closed at any reasonable price and the debt market is closing in August.

My firm belief is that private equity (read Big Pharma) will step forward in some way to provide funding for RVX to proceed.

Even if it is not the deal we are looking for, it will be excellent relative to the view of a biotech company shrivelling up and dying.

The share price will react accordingly.

bfw