Option #2 and Option #3 questions
posted on
Oct 27, 2020 01:55PM
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. Funds would be used to finance BETonMACE2.
I'm not all that familiar with Zenith Capital. Can someone flesh this out a little?
Option 3: Resverlogix can finance and launch the Phase 3b trial with internal insider investors.
If BETonMACE2 is going to cost $150M USD, then we're looking at 50% dilution (+/- 15%), but with higher upside. I assume we're talking about Hepalink, ORI Star and maybe 1 or 2 others?
Both of these options seem like a bit of a stretch, because RVX needed to have two other options. So they bent over backwards to come up with something. No?