From what I see and read...

RVX Financials ending March 31 – says it all.   

Context below taken from last Financial Report (page 8) on Resverlogix's website.

--------------------------------------------------------------------------------------------------

3. Going concern (continued)

…"dependent on its ability to raise additional financial capital by continuing to demonstrate the successful progression of its research and development activities if it is to remain as a going concern. As at March 31, 2024, the Company had $0.1 million of cash. The Company needs to raise additional capital to fund research, development and corporate activities over the next year or it may be forced to cease operations. As at March 31, 2024, the Company was committed to pay $14.9 million of current trade and other payables, $4.9 million to Zenith Capital Corp. (a related party) (“Zenith”), $0.8 million of other unsecured promissory notes (due upon demand or four months following demand, respectively), up to $1.4 million for research and development commitments, and $0.3 million of operating lease expense over the next twelve months."

----------------------------------------------------------------------------------------------------------end-

 "They" borrow money from Zenith.    In my opinion, Zenith should not be a piggy bank that keeps staff paid at RVX.  Now what they actually do is a whole other conversation.

Does anyone not see a problem here? ...the people/BOD granting funds from Zenith are the same people receiving the funds at RVX.   Currently there is no ability to pay Zenith back, so why does Zenith lend the money?  Do lenders not weigh the risk? 

I question, if Zenith was separate and managed independently would they be forking over cash?    

Absolutely selfish and unbelievable!!  Is this the Wild, Wild West???  There must be rules which monitor this sort of behaviour, conflict of interests, etc.  

Do shareholders absolutely mean nothing?

Lots of questions with no answers!

I am very sad that RVX has not been sold... dead money for way too LONG.