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Message: Re: Demoralizing....

Sep 21, 2017 03:13PM

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Sep 22, 2017 10:44AM

BDAZ - Yes there was a vote when Hepa did their regional deal as there was a share issue at the same time. Hepa took down more than 10% of the company in that financing. If my memory is correct Hepa's purchase equaled about 13.5% of RVX at the time and Eastern added to their position as well. 

The most recent financing with CD Ventures that was announced did not require a vote as it was less than 10% on its own or in combination with their existing holdings. 

So the vote in Heps's case was to do with % ownership and not because of a regional deal. Deal structure means everything.

tada

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