Re: Finance
in response to
by
posted on
Mar 29, 2020 10:31PM
All legit concerns Fenix ... what people do have a strong interest in is making money. We have a BTD, maybe more coming. And if a BP sees real promise of opportunity to make money (while pretending to care about sick people also), then there will be purchase/partnering interst.
This COVID-19 thing really stings RVX for timing since they are so cash strapped (apparently), and perhaps regulatory, research, BP's, cash is now a little preoccupied or skittish.
The question is whether RVX can weather the storm and hold out for 3-6 months running on a shoestring?
Personally, if I could round up the $10m I would UBER-GLADLY take out the debenture and enjoy the interest on the $10m loan or the stock acquisition, with RVX "IP" as collateral. I think the "IP" is worth $1b minimum in a fire sale, or close to it ... and perhaps much more ... if "multiple" diabetic/cardio/renal positioned BP's are interested in bidding it up. Of course, we all want a lot more than that ...
But ... If RVX sold in a "back-against-the-wall" highly disappointing panic sale for $4 U.S. pps due to COVID-19 fall out, KD makes a $1.40 per share, ... rather than watching his investment capital go up in smoke, when a mere $10m could have saved the day and integrity of RVX, to wait out a distracted regulatory situation and currently buttoned-up BP.
I'm concerned also, but still believe there is a lot of value even in liquidation or fire sale, if handled correctly. In the worst case scenario, but it's just an opinion.
jmho