Re: Warrants conversion!
in response to
by
posted on
Nov 26, 2019 08:37AM
Like your tthinking Kipk ... points 2 & 3 are interesting. It does look like a move to potentially stabilize cash flow thru whatever negotiations are evolving, and while "waiting" some other things out possibly. I do also like that is is actionable AFTER the Cognitive revelation.
Anybody have a feel for the RVX cash burn rate right now? Wondering how long $15-20mm would last, at current operations/burn ... at least 90-120 days, or better yet 180 days?
Hmmmm ..... 90-120 days for break-through status filing?
Embargo or not, assuming RVX would have discussed ALL data (Cardio/Renal/Cognitive) on 11/13 with the FDA, along with options and pathways (inluding "break-through" status) in all areas. Trying to NOT read too much into it, but Don brought up break-through filing ... AFTER the FDA meeting. He was appropriately careful discussing it, but it is "curious" to me to have been brought up by him at that time, and/but while still awaiting the official FDA letter and dispositions. Just wondering if and how much meat is actually on that bone, current fund-raising, relation/timing/importance to "other" discussions. Just my imagination at work though, and maybe just being "hopeful" and wishful thinking ...