Again, keep in mind RVX only keeps 1/2 of the proceeds as per my post below from a couple weeks ago
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The original Third Eye loan was $30mil U.S. and RVX repaid $10.3 on the last financing. So there is to the best of my knowlege $20mil or so $U.S. still o/s, not $5mill. Since RVX must repay 50% of each financing to Third Eye, any financing (if undertaken) would need to be double what RVX actually needs since 1/2 goes automatically to Third Eye.
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Per July 31, 2018 Financial statement notes: The Third Eye loan is subject to mandatory prepayment provsions requiring at least 50% of the net cash proceeds of asset dispositions, licencing, distribution or partnership agreements, royalties, debt or equity issuances, grants and tax refunds to be appled to repayment of the Third Eye Loan.