SanFran. Very interesting perspectives. I believe very strongly that Hepa wants all or at least control of RVX...but it is just that...a belief.

SanFran wrote - "Standing between that desire (that I think they have) and realization of said desire is the fact that they only have 42% of the company.   Getting the remaining 58% requires buying our shares out.  And I don't think they have any short cuts in doing that.   They don't have control.   And they can't vote on any corporate matters that concern them in a buyout sense."

Subsequent to your post someone pointed out that Hepa doesn't have the money to buy out the other 57% (Hepa owns or will own 43%) at a "fair" market price (whatever fair is).

My POV regarding sourcing funds, and I've expressed it before, is that China is a strategic country with a goal of establishing China as the biggest and most powerful economy in the world (slow growth in China is 6%/year). This will not be a commodity economy. It will be knowledge based focused on IP, IT and AI and advanced manufacturing. The president, Xi Jinping is essentially a corporate CEO in charge of a massive multifaceted company with tentacles (divisions) in every key sector of the economy. One Canadian MP said "When I talk to Chinese officials they are consistently interested in toeholds. They want toeholds into telcos, they want it in military operations and companies that work near the military and transportation networks and the building of key infrastructure".

In Canada many great ideas have been developed and lost to foreign owned companies because we can't source the capital to take products to market while retaining Canadian ownership. In China, if the gov't thinks an idea has merit within their strategic vision they will insure that gov't controlled banks will provide the funding.

My point is that if Hepalink can convince the Chinese gov't that RVX has developed leading edge and possibly breakthrough epigenetic biological and medical science which has the potential to solve huge problems in China and throughout the world in CVD, CKD, Fabry, Alzhemiers, etc then the money will flow from a Chinese gov't bank. Perhaps Hepalink does not want Chinese gov't involvment. Afterall the FROR for the USA suggests Hepa may want to retain independence from the Chinese gov't by spreading there business in other countries. 

My thinking has been shaped by various articles I've read about China. For what is worth I've provided some points that have struck me about Chinese economic strategy (see below).

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Chinese Acquisitions in Canada– a very brief list.

1) Westcast Industries

Based in Wingham, Ontario, Canada.

Had been listed on the TSE.

Multi national company.

The largest manufacturer of engine manifolds for cars and small trucks in the world.

Management felt they could not take their manufacturing to the next level in terms of scale and innovation.

Bought by Sichuan Bohong in Chendu province in July of 2012 at a price of $245 million (various prices quoted) (Cdn I think).

Financed by the China Development Bank.

2) Harbour Air  - Zongshen Industrial Group, a Chongqing engine manufacturer, last year bought 49 per cent of B.C.'s Harbour Air. Like Bohong, Zongshen wants to export Harbour Air's successful business model and operational experience to China and southeast Asia. Even more importantly for Canadian industry, Zongshen would like to use Canadian technology, equipment and expertise in an engine plant it is building in Pakistan.

3) 2017 - Aecon

Globe and Mail Oct 28th, Article by Jeffry Jones – The China Communications Construction Co. Ltd. (CCCC) is a state owned company is in the process of buying Aecon, one of Canada’s largest construction companies involved in nuclear power, electricity generation, etc. The benefit to Aecon is to increase their international scale . The benefit to the Chinese gov’t is it is provides greater access to foreign markets and it may provide nuclear, communications and building IP.

Lisa Raitt said she is concerned (about the takeover of Aecon) because China Communications Construction Company is “clearly state owned” and it could use the take over to advance China’s interest in key areas of the Canadian economy.

“This is a communications and construction company and everybody is aware that the future of the world is about embedding communications within infrastructure that is public and we want to make sure everything is secure” (Raitt said). (hyperbole?)

4) Norstat - From the article “The last sizable Chinese takeover of a Canadian business with security implications was this years purchase of Vancouver based high tech firm Norstat International Inc. by Hytera Communications Group (of China). It received a routine screening in Canada. That rankled the US Defense Department, for which Norstat had contracts”.

5) ITF Technologies - In March the Canadian gov’t approved a Chinese takeover of a Montreal hi tech firm, ITF Technologies – a transaction that had been previously blocked by the previous Conservative gov’t after it became convinced the deal would undermine a technological edge Western militaries have over China. (Source Globe & Mail – Fri, Oct 27,2017

Globe & Mail – Fri, Oct 27,2017

6) Bombardier’s C-series single isle commercial jet has been having financial difficulties for years. They received Quebec gov’t and Federal financial help recently. Delta Airlines agreed to purchase 75 C-series Jets. Boeing was successful in getting the US gov’t to slap a 300% plus tariff on C-series jets sold into the USA. This could have forced the C-series jet into Boeing’s hands, but not so.

Bombardier’s C-series was described by Mr. Enders of Airbus as having a cockpit and avionics that are unmatched in the industry. It is also extremely fuel efficient.

In order to achieve the scale to get the C-series to market Bombardier had been talking with potential partners since 2015. One of the potential partners was Boeing. Another of the potential partners was Commercial Aircraft Corp. of China and also included Airbus SE.

So after the 300% tariff was imposed by the US our Liberal gov’t arranged to have Bombardier “give” Airbus SE 50.01% interest in the C-series business thus insuring no Chinese involvement, providing the sales and financial heft to insure buyers are comfortable that they will get their planes. In addition the deal thwarted Boeing and Trump. At least this time we’re not as stupid as the Diefenbaker Avro Arrow blunder.

So just a few examples to illustrate the Chinese strategic interests in many businesses throughout the world.

GLTA