Sidebar, a little more time? The number of warrants being incentivized to convert early at a discount is 15,000,000. At $1.33 strike that brings in $20,000,000 into the company coffers, which is the equivalent of 20 months of operations.
Golfyeti, yes, you are correct in your math. You assume that WT's will be converted. Believe it is just a dream. Never try to catch a falling knife. I really hope you are right. The amount of funds needed to continue any further studies, whether a bolt on or P3, is beyond RVX financial limits. The end of the road is near, time is running. DM, Board and employees have created a very special product. Company is only a few steps short and a few 100M. To save all their efforts a sale must take place.
Those providing additional funds, there is no collateral only hope. Not a good idea at this time.