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Message: Financing curiousity

Hi all.

Hopefully behind this seemingly quiet time there is lots of action happening behind the scenes from the business and scientific perspectives. I can't imagine how busy Don must be as CEO of 2 companies, many LOIs to discuss/negotiate, science in terms of additional trials getting backed up and impending financial limitations that must be resolved. 

So we've seen over the past 6 months the Efung Capital financing with 3 million shares and 1.5 million warrants. Then Hepalink at $87 million (to take them to 43% of the company) plus the $8 million FROF by Hepalink for the rights to the USA and finally the Medison Israel deal for $0.

So my question for posters and readers of this site that have a long term history with RVX can you give us some insight into how Don was able to complete financings with Eastern Capital, CD Ventures, NGN Capital to name a few? I ask this question in order to gain insight into what might happen in the much needed upcoming round of financing.

Also, back a couple of years ago when Don was asked about liquidity of shares for Zenith he said they were considering buying a distressed company that already had a NASDAQ and/or TSX listing. I posted that I thought that this was a ridiculous idea and I was told immediately by a long timer that that was the way RVX got it's TSX listing. Therefore, I assume that Don had strong interest at the time of using the public stock market (TSX) to raise funds. I don't have the time to look at the history right now so if anyone has the "Coles notes" it would be great to hear.

So, obviously I'm being lazy here and looking for a quick overview of the history. It will probably not reveal anything about the future financing...but perhaps it will provide signs of hope.

I'm frustrated. The current patterns on the business side do not seem good. Going back a couple of years ago I was thinking AZ or one of there competitors would be all over this company but there are no obvious signs of interest other than Hepalink at this stage and they are getting it at bargain basement prices (implication is that Don does not have options at this stage). 

Don seems to be relaxed and unfazed by the situation. Perhaps, for him he has such a long track record he knows things will fall into place. Perhaps to him he sees a clear path through the end of BoM while he sets up more Medison/Israel deals??? If BoM is successful he will have an operating company with distribution in many key countries. At that point royalties will start flowing to Zenith and an new world of opportunities opens up???

Anyway, I need to learn to relax and let this unfold as it will while I sit back and watch the flowers grow come spring.

An aside post - GV, I've not been able to post on SH for 3 days.

GLTA

Toinv

 

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