Number here includes the total of warrants, I just realised its only the ones from 1.40 to 4.00$

15,593,428 owned by non-insiders

16,600,994 owned by insiders

32,194,422 total warrants reported at their last FS.

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If everybody takes the incitative at 1.33 exercised, RVX would gather 20.7M. If everyone exercised at their strike price, it would have been 40M. So there's a 19.3M$ incitative. Divided by 250M outstanding shares, its less than 8 cents per share. If everyone uses the incitative.

Instead, if they raised 20.7M by a PP, they would add lets say 15M new shares. 500M Buyout on 265M shares instead of 250, the PPS drops from 2$ to 1.89$ a 11c difference. The difference widens if the buyout number goes up.

So, if it was done with a buyout in a short term plan, it all makes sense. I guess we'll know more by the end of the next webcast.