Re: Q1- March 31, 2022 on SEDAR
in response to
by
posted on
May 15, 2022 07:06PM
Yeah, WOW.
If I understand this, this new deal was cut after Mar 31 2022, when Don already new it would be a complete fantasy, a total impossibility, to have apabetalone (it actually says "a product") launched by July 1, 2022. Don would have been well aware that the Covid trials were completely botched and even if they were not botched a launch by July 1 is just laughable!
Eversana must have bought Don's li(n)es hook, line and sinker and now they are getting to know the real Don and it sounds like Don better get his act together.
I certainly agree with your point that Eversana are serious and talented business people plus loaded with biotech experience. Perhaps it will be Eversana that triggers the BOD to do the right thing and find a competent CEO.
On a separate point going back to the exempt distribution posted by koo on Apr 14, 2022 RVX sold 400k shares at $0.048 to raise a paultry $192k. These units had warrants at $0.50 that don't expire until Apr 14, 2025. Fuzzy clarified this in a post and that started to sink in. I'm not a trader so I don't pay much attention to this stuff but I got thinking about how the process works. So there must be some sort of informal group of investors that are not technically "insiders" whom RVX keeps in the loop when they need to pay salaries and creditors. These people may or may not be short on the stock. If they happen to have shorted RVX then Don has given them a gift, I think,...a very cheap way too cover their position and the potential for a big win in the future on the warrants (I think?). This offer seems like a signal to the market that RVX is desparate and undermines the current TSX price. Not sure I got it right but it seems like there is an inside club getting looked after by RVX management. Thoughts?
My opinion about Don started declining a few years ago because of statements he made at both RVX and ZCC presentations and I started becoming suspicious about his capabilities. I'm convinced, given the last 3 years of forward looking statements, that it will be pure luck of the science that will light the fire with RVX share price. By luck of the science I mean approval of apabetalone by the FDA. After that, Don doesn't matter if he doesn't screw things up. Just let production and Eversana takeover and run with it.
Don's got to get hustling to start raising the money to pay Eversana and to get on with BoM2.
Oh well, GLTA.
Toinv