Got a reply....
posted on
May 02, 2017 06:06PM
From: Investor Relations <ir@resverlogix.com>
Sent: May 2, 2017 6:52 PM
Hello Mr. XXXX,
Please see my comments below in red.
Best regards,
Sarah
From: XXX
Sent: May 1, 2017 1:13 PM
To: Investor Relations
Subject: Re: Shareholder inquiry
Hello Ms Zapotichny or Mr Clayton,
I took the time to peruse the investor presentation PDF which was made available in tandem with the investor conference.
http://www.resverlogix.com/upload/media_element/274/01/rvx---bloom-burton-2017.pdf
Of note is Agenda item #5: Financial Position and Opportunities
As you're probably aware, while there are slides for items 4 and 6.....5 isn't there. Was this a simple case of incompetence? Agenda item #5 was briefly addressed orally in the presentation. The company is pursuing financing opportunities as listed on slide 22 titled “2017 Financial Requirements & Solutions” of the AGM presentation http://www.resverlogix.com/upload/media_element/260/02/rvx-annual-meeting-2016--v2.pdf. Also the burn rate, which in earlier materials was in and around $3 million, now its apparently dropped to $2 million. That's a substantial difference obviously. Why the variance? The burn rate referenced in the presentation is current and is being actively managed. As BETonMACE progresses I would expect that expenses would increase, not drop. And then of course there is the question that Agenda item 5 was supposed to address. Please tell me what the financial state of the company is now. I cannot comment on financing other than what is already publically disseminated. As stated in the most recent MD&A, we continuously investigate and assess financing alternatives and expect to be able to raise additional capital to fund our capital requirements.
Regards,