golf, to a non scientific person like me the sample size estimate thing was very confusing. It seemed like an FA was not needed or addressed by Don (e.g. he simply took it for granted that people like me would know it is required scientific protocol).
Anyway, from bears reply it seems like a FA is required. I hope I understood that correctly. If true then RVX still has 2 major barriers to pass in the near future;
- pass the FA (or I assume it is "end game" and a shake out of the pieces). We don't really know when this will occur other than based on estimates.
- financing to the tune of $60M to $100M and this must be done in the next few months in order to keep the BoM trial moving. Obviously there could be options like getting the money in increments such as $20M at a time.
A big question to me is will potential suitors require a successful FA? Again, it is possible that suitors could consider a few options;
- Pay a very low price/share for a large # of shares pre FA perhaps with a condition to own the IP if the FA fails.
- Pay a higher price post FA.
Anyway, once again I'm just thinking out load about what ifs.
The point I was trying to make in this post is that RVX still has the 2 big barriers to overcome before value will be unlocked IMHO.
GLTA
Toinv
