Well, April 12th is Thursday so we'll need to hear something by then.

I just had a discussion with a lady who recently retired from the compliance division of the TSX. I asked her about the "financial hardship exemption" and the RVX listing review. I explained that the Hepalink financing resulted in an automatic listing review and also told her that some posters felt it is a non issue as long as RVX pays their annual TSX dues.

She explained that without being close to the situation she doesn't know what the TSX will decide. Her feelings were that

1. Paying the fees is a necessary condition but may not result in RVX retaining it's listing.
2. She indicated that if RVX can demonstrate that they will be able to comply with the rules in a reasonable time period they will probably keep their listing. One example would be that if RVX can show there are investors that will be investing soon the TSX will retain the listing.
3. She said the most important aspect in retaining the listing will be the quality of RVX's relationship with the TSX. If the relationship is positive then the listing will probably be retained. However, if the relationship is weak the decision could go either way.
4. The key point she emphasized is that the decisions are extremely subjective. If they want your fees (because they don't want to loose listings) and there are no major grievences against RVX then there is a good chance RVX will retain it's listing.

I have not heard of any grievances against RVX in the recent past.

We'll know soon. Perhaps tomorrow will offer a positive surprise.

GLTA

Toinv