Next,
We will find out what the Fair Value is in bankruptcy. RVX is very close, no way to raise funds, paying employees with paper other than cash.
The potential for Apabetalone is over 100,000,000 patients worldwide taking a double dose daily.
That is real money, but only a potential. Will take 300M more and years to get there if P3b is successful. How does RVX raise 300M? A partner will want full control. Is DM willing to relinquish control? Does not appear to be at this time.
In bankruptcy, all control is transferred.
Next Blockbuster, yes, very well could be, but not with current management. Very difficult to negotiate with a dead battery. DM might believe he is holding all the cards. It is very difficult to operate when all funds are gone, phones are off, lights are out. You are all alone.
Angles will not come to the rescue, vultures will be arriving soon. sad.
Where are the major shareholders? Their investment is at risk. This is very strange, not how a normal company operates. sidebar