Growacet, there is something to be said for your "friends and family discount" theory.

A glass half full person could say they are getting close to the finish line and want to minimize dilution by just raising money on an as need basis since they have a sale or licencing deal in place if the results are positive.

A cynic could say that RVX should/should have raised 40 million to 50 million to pay off Third Eye loan and provide funding until the end of H1 or the 3rd quarter, but there are no takers or the price is too steep.

The answer, probably somewhere between all 3 and we will probably never know.