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Message: Size of Raise

As noted and we all know, this is a blip in the road, the results are everything, but it has definitely screwed with my plans to sell some to lower my risk. Ok, that is it for whinning on that topic.

I noted last night that it appears the Third Eye Loan is still fully intact at $14.5 million per the Sedar amending document.

Since at Jan 31 RVX had a neutral position for cash and payables and then raised $15mil from Hepalink, the will likely be in a neutral cash position sometime later this month or next.

Thus, if 3rd Eye only deferred its repayment knowing of this raise, they will need $15mill for that, plus say another $15-20mill so they can buy some time to get ducks in line if top line results are good

So my best guess is they are looking to rasise at least $30mill if not more.

 

 

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