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Re: Zenith Epigenetics Corp (ZEC) held the shares issued to RVX shareholders in June 2013.
RVXOT: "That is how the value of the RPS's is being diluted. The number of RPS's is a fixed number to earn royalties while the number of ZCC shares to divide any royalty among, if it ever happend, keeps growing with each financing."
However, each additional financing post-2013 is what kept Zenith alive.