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From: Investor Relations <ir@resverlogix.com>

Sent: May 2, 2017 6:52 PM

To: XXXXXXXX
Subject: RE: Shareholder inquiry
 

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,

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