And a very happy 150th Canada Day to you as well fouremm and everyone else.  I've been around for 100, now 150.....it will be a minor medical miracle if I make it to the BiCentenial though :)  Who knows though?  If the drug does everything it promises maybe I will make the century club.....so long as I can remember where i live and not need a diaper, then 100+ sounds great.  

Getting back to RVX....something here doesn't smell right to me.  Its not neccessarily a bad odour though....it kind of smells like roses to me actually, but it seems to me the company is trying to cover that lovely aroma with horse manure.....

Here's what I mean by that.

At the B&B investor conference they put out a slide deck as we all know.....There were 6 agenda items in that deck, and for 5 of those 6 agenda items there were slides associated.  But not with agenda item # 5 which was entitled Financial Position and Opportunities.  The slide (or slides) for that part of the presentaion....poof...they aren't there.  I was informed in an email from Sarah that this part of the presentation was dealt with briefly and orally....

Well that's just stupid.  The entire presentation was an oral one, if you're just gonna have people read a PP slide show then DM doesn't even have to show up.  Did DM not deal with all the items orally?  Of course he did....So why were the slides or slide associated with just this one agenda item not published for the great unwashed? 

Was a deal cooked up at B&B and investors at that event told things that have not been publicly disclosed?  Was there a side session where something was put together with perhaps some heavy hitters able to pony up some serious cash that would go directly into the company's coffers?

If so we'll never know.....but its worth considering imo, especially in light of subsequent events.

Subsequent events like not even bothering to show up for BioEquity in Europe...without giving any prior notification and not explainging why the decision to not attend was made.  Could it be that there was no need to go as things had already been arranged somehow at the B&B show?  

If so we'll never know....but its worth considering imo, in light of subsequent events.

Subsequent events like the most recently published slide deck for the Bio International event which had the debt listed at ~$117.6 million as well as different figures for the number of outstanding shares and Market Cap.  Clayton emailed me and said it was merely a case of typeos.....uhm, yeah....right.  Could it be that the company has something in the works to replace or extend the CitiBank loan?  Could the company be getting about $50 million while removing the sword of damacles that is the standby letter of credit with Eastern?  

If so we'll never know....but its worth considering imo.

Now we've see the overnight financing kick the tar outta the PPS....sending it from about $2.05 down as low as $1.23 and still we're sitting at less than a buck and a half.  But those who participated in the overnight financing that B&B brokered....after Resverlogix conveniently did a presentation with only the financial slides from the PPP mysteriously missing.....those who B&B brought on board aren't being hurt by the deal, they're making bank already.

The units cost $1.80 for a share and a warrant priced at $2.05....The warrants have traded between 30 and 90 cents....right now the price of RVX.WT is somewhere around .60 cents.  We closed today at $1.44, add warrants at 60 cents and you have $2.04.....so good job B&B, and good job Resverlogix.  

Retail investors?  Get bent.....we don't need you anymore.  That's what my take is...but don't worry, if RVX gets a MC in the billions....then I have little doubt retail investors would be very important once again.