Re: Right of first refusal
in response to
by
posted on
Mar 04, 2019 02:07PM
RVX OT ...If I understood what is written on October 24, 2017, NR correctly, RVX considered the value of the ROFR in a related party transaction to be less than 25% of the Company's market cap. Which as I stated earlier it amounts to approx $125M US based on the present market cap. However I'm sure that back on October 24, 2017, the thought process was that top line was to be produced Dec 2018 or thereabouts, And with the announcement of the top line that would propel the SP potentially 10 fold as experienced by Amarin when they announced a RRR of 25%. That would put the MC in the neighborhood of $5B US or so. And 25% of that is well over a $1B. So there is your billion. If by April things don't change from where we are today, RVX will pull the deal off the table. All hypothetical of course.
IMO....Koo