Re: Resverlogix announces HEPALINK debenture $6mill
in response to
by
posted on
May 05, 2021 04:05PM
So RVX raises $6mill US which at best covers the cash shortfall at Dec 31, 2020, let alone the increase since then. Lets assume they kick some of these payables down the road, the PR does not explicity say the funds are being used for the COVID trial. That would be clear and transparent, what we get is a generic statement that could mean these funds are for COVID or mostly to pay off the creditors. We dont get any transparency on the Saudi money which is likely gone. Again, why cant they be clear and transparent?
Is this Hepalinks final handout as some feel? Sort of feels that way to me.
This is a typical RVX last minute lifeboat until it springs a leak in another two months. When is this vicious cycle going to end?
In retrospect, all of us did not follow the first rule of investing with RVX, ensure you have strong and transparent management. The name of this company should have been plug and leak.