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Message: Re: The Financing Puzzle that is RVX
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Jun 04, 2019 04:41PM
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Jun 04, 2019 06:15PM

It is clear that more money needs to be raised and is stated in the Prospectus.

"If the Offering is completed, it is expected that the net proceeds of the Offering, together with the Corporation’s available cash, will only be sufficient to fund operating activities until July 31, 2019. The Corporation will need to raise additional capital to remain in compliance with covenants applicable to its Secured Loan (as defined herein), to repay the balance of the Secured Loan at the maturity date of August 4, 2019 and to fund continued operations beyond that time period." 

 

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