While always skepical of DM's comments until proven otherwise, you cant help but be hopeful and cheer for option #1 IMHO.

But I dont get option #2 -"Resverlogix can finance the Phase 3b trial internally through the sale of 50% of the future royalty stream currently owned by Zenith Capital".

What am I missing here? The preferred royalty shares are owned by Zenith. How can RVX sell 50% of what they dont own?