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I posted the balance of the loan was $14.5mill US 4 days ago and noted that if RVX followed their use of proceeds noted in the prospectus the loan in $Cdn is now around $11.5 to $12mill or $8.8 to $9.1mill US, but this loan balance was disected for 3 days to come back to what I stated.How did I know I was right besides it was in writing 3 different places? If you thought about it, if RVX had actually paid down the loan, they would have wanted to make it abudantly clear before the unit offering, since the company would be viewed far more favourable with less debt, instead of those buying the offering wondering how a subsequent financing to pay the debt (if 3rd eye  does not defer) required would impact them.

Anyways, just so some do not go on another wide goose chase when the finanancials are released at the end of the month, the April 30, 2019 financials balance sheet will again reflect a $14.5 mill US loan. You will need to read the subsequent event notes to get the updated balance; as if RVX paid down the loan per their use of proceeds, it will have occured in June or July after the April 30th financials date and thus will not be reflected in the statements. 

 

 

 

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