SF, I see this as the last ditch effort to make it or all is lost to Eastern and the loan is switching from Citi to an Eastern affiliate. This may well be take out time.

I sort of sense this was Don's last pitch to Eastern to "give me just a few months, please". The move from .3% to 12% suggests Eastern is getting serious on this. RVX is no longer just a little throw in below their radar screen. KD is saying to Don that this is pay back time. You have 4 months and one last chance, so prove it!

Also, Don has to complete a deal in just 4 months. Given the delays in the AGMs and the unmet deal last January I think it is fair to say this is a tough sell for Don. IMHO a failed FA kills this company although I am sure the IP will live on and provide value to someone.

That being said...who knows perhaps Don may have something big in his back pocket...like AZ yet based on the PR I don't think so because it refers to a regional deal, which, if done properly, could be a real benefit to retail investors.

Well, the clock is ticking and they need money to carry on in the short term or cut costs dramatically.

We all know this is extremely high risk. We know nothing about apabetalone and 3 point MACE. We have not seen any evidence of interest froom BP that I am aware of. It is coin toss time. We don't even know when the FA will happen. What if it happens in 3 months from now?

However, good for Don. He just bought 4 months.

I remain long. Why not because there is no money in selling out at this stage.

GLTA

Toinv