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Message: Third Eye and Topline

Again today the PR had the statement "The BETonMACE trial is currently expected to be completed within the first half of calendar 2019, with third party adjudication of all MACE events anticipated to be available within two to three months past trial completion. The topline results of the study will be made available shortly thereafter."

Based on the constantly moving goalines for completion, say now May or June since PR says first half (not first quarter), we could be looking at July to Sept for topline results, quite a push-out from what we expected.

As discussed by several posters yesterday the Third Eye loan terms reflect Jan 31 topline. I have had no personal experience with Third Eye, but know a few people who have. They are well respected, but also known as very sharp and cut-throat. So if Don screwed up by under estimating the top line timeline RVX is going to have to take out the loan (back to equity diliution vs the benefit of the loan) or pay them handsomely to extend the terms.

I hope this wait (many many years) is worth it, because I am sure we have a further wait even if we get good top line results until this plays out to maximize value. Sigh !!

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