...We Welcome You To The Resverlogix HUB withIn The AGORACOM COMMUNITY!

Free
Message: Re: 5 million shares
2
Sep 27, 2019 09:45AM
2
Sep 27, 2019 09:54AM
1
Sep 27, 2019 09:57AM
3
Sep 27, 2019 09:57AM
2
Sep 27, 2019 09:59AM
2
Sep 27, 2019 10:06AM
1
Sep 27, 2019 10:10AM

  Minimum we pay 5 million shares + $1.2 million in cash in a year's time.  It reflects the fact that RVX had its back to the wall...few avenues to raise capital so this is about as good as they were getting. The best would have been a simple equity deal...but RVX ran out of time.  

On the bright side, the company lives to fight another year...a 5 million share is less than 2% dilution and ORI will make out like a bandit (true Goldman Sachs style) if we are right about the results on Monday.

 

2
Sep 27, 2019 10:15AM
1
Sep 27, 2019 10:24AM
1
Sep 27, 2019 10:25AM
3
Sep 27, 2019 10:29AM
3
Sep 27, 2019 10:45AM
1
Sep 28, 2019 02:39PM
Share
New Message
Please login to post a reply