Re: A Special Meeting of Shareholders?
in response to
by
posted on
Jun 07, 2024 06:51AM
If we look at the traditional mathematicsl financial calculations then the numbers won't ever make "cents" pun intended.
And please stop discussing doing a reverse stock split. It is not a good idea for so many reasons I don't have time to write them all out. But suffice to say it's an incredibly negative indicator to the market. The only relevance in doing so in my mind is the following:
1. Meeting stock exchange requirements which I don't think apply to the Toronto stock exchange any longer (maybe used to be min of $1 I sort of recall).
2. There may be some sort of "psychological" affect because individual investors see a higher price and or no longer need to fear a very low price like ours right now
Having said the above...this is purely what is at stake IMHO...
1. Is there future potential in RXV portfolio that has yet to pass a full trial?
2. If we remain as is...where does the financing come from and how and at what cost?
3. Is there a benefit to reversing "the separated benefit" of splitting out ZEN and now reversing that decision and re-combining ZEN? Meaning does RVX regain a financial advantage by doing so and/or more likely, does selling the whole ball of wax (I.e. Zen & RVX) become more attractive to a potential suitor? Here both maybe have merit
4. What would a potential suitor offer whether an independent takeout of either RVX spearately based on value OR Zen OR both Or none of the above?
5. The fact that the AGM was pushed one month out is a big signal again IMHO. In steady state operation one would very rarely if ever choose to do that because in general it's a negative signal to the market that something is very wrong otherwise why do it...UNLESS something is brewing and that needs more time and so don't have an AGM one month when you can't discuss and then just one month later say something completely different to the market?
So maybe somethin interesting coming forward and they just need a little more time to complete it all?
Else this AGM push out just like a reverse stock split are big time negative indicators to the market!
Final comment, none of the entire above is about us the individual investor. It's all about what either RVX thinks the value should be and can they achieve it themselves or not and how. If so go for it. If not sell it.
This entire discussion is if we have the financing we go it alone and prove out the "technology" or convince a potential suitor to take us out which to me makes most sense when read of the tea leaves.
if none of the above happens I think at least Tom the RVX side of the equation we are dead in the water.
So real question to summarize is...is there real likely proven future value and if so how much and that is how the company and sale will be valuates but traditional financial valuations make no "cents" again pun intended!
Final comment, this has taken so long that for all we know even though we had this enormous IP protect lead...if any one competitor in the marketplace has designed an even better mousetrap that us, it will win out.
VCR versus Beta Max maybe I'm okay here for this old enough to even know what I'm eluding to...
My 2 Cents (I have personal no idea
other Than my 2 cents are worth have if the stock price today! Lol
10BagR