Re: Any thoughts on the loan?
in response to
by
posted on
Jul 13, 2017 08:01PM
I can see a few possibilities for how things play out before August 28th but I have stated my thoughts in previous posts so don't want to repeat myself.
I do however think it is a very low percentage chance that Eastern takes over because the loan and future funding can't be addressed. The reasons I think this are as follows. 1) Everyone who participated in the BB financing would have been aware of the situation and I can't imagine anyone putting a nickel into RVX if they thought there was even a remote chance that everthing would be turned over to Eastern in a short period of time. As has been discussed before the backstop financing plan was perhaps illustrated by the "typo" fact sheet. 2)I still think that if Eastern was balking at being part of a go forward solution that Hepalink would step up and fill Easterns shoes, protecting their current investment and licensing deal and also gaining the downside protection which will almost certainly remain in place and in fact be enriched if the loan is to be renewed and extended. Having a board seat allows Hepalink to have the most up to date information available on RVX and again I seriously doubt they would have thrown more money into this if they felt it wasn't going to end well. 3)I doubt if Eastern was thinking that they were going to end up with everything in short order that they would have just for fun wasted a couple of million dollars on the BB financing. JMO