In order to satisfy Nasdaq listing requirements Resverlogix needs to bolster its balance sheet, most likely through a share offering. But in order to get the best terms they need to be listed on the Nasdaq....
Reading over the listing rules here:
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
It seems there's a fair degree of wiggle room....and I'm thinking maybe that's where Rothschild comes in....maybe we can get the listing in tandem with a secondary offering. It would be nice if they could get some heavy hitters to subscribe and underwrite what could be described as 'sort of' an IPO. It would be their initial offering on a US exchange in any case.
In any event it sure would be nice to see RVXCF trading in and around $3 or $4 before the AGM in a month's time....at the end of May I would have figured that was nigh on impossible, now it at least looks doable.