Actually on the fact sheet the cash balance of $1.4MM was as of April 30, 2017 (pretty much useless info), the cash burn rate of $2.8MM was as of August 10, 2017.

Koo if you think Eastern will be the biggest loser should RVX fail you haven't been paying attention.  Between the value of tax losses and residual IP value of the pledged patents Eastern could actually easily still be a net winner. No other investor has that downside protection.  Just ask RVX's own Mike Sweeney how valuable "failed" IP can become. He was the cardiologist in charge of Pfizer's failed heart program which became Viagra. That was an exceptional success to be sure but I am also sure that to accept the patents as collateral that Eastern has already seen in them potential beyond BetOnMace.  Additionally, Eastern, like other pre-spinout investors, has the potential value of the Zenith shares obtained in the spinout. 

As far as less dilutive financing options, the idea of Eastern increasing the amount of and extending the term of the loan guarantees has been discussed on and off for months here.  Obviously an extension of the term would cost RVX warrants at least (warrants aren't "free"), an increase in the amount of loan guarantees would cost at least more warrants in addition to those for the term extension. Again, all I said was that if RVX only asked for a term extension of the guarantees but did not need additional loans that it might signal they are close to something else.