NR - If you take out the large holders and institutions your left with 53 mil floating shares. I have said before and will repeat again that I believe about 2/3 of the float is held by institutions that do not have to report as it represents less than 5% of the company. That leaves only about 20 mil shrs that are truely floating. Between Canada and the US some 611,000 shares traded today or about 3% of my vision of the float. 3% of a companies float hitting the market in one day is enough to move many stocks 20% to 30%.
As fouremm pointed out in a previous posting today the terms of the financing are quite onerous and requires RVX to maintain a $5 million balance. Doing some reverse math suggests that this raise with BB will be in the area of $5 to $10 million. I didn't see this coming, not that it would make a difference anyway as I don't plan on adding to my position.
If I didn't believe in the science as much as I do you wouldn't be hearing from me as there would not be enough reasons for me to continue holding this companies shares. I still maintain that the fact that Third Eye has given RVX a confirmation letter of a future loan that this is a good time to own a few shrs of RVX.
dyodd
tada