Re: Third Eye Loan
in response to
by
posted on
Dec 28, 2018 10:18AM
Koo, I noted that "unless this covenant is renegotiated, RVX will need $15mill or so to repay Third Eye on Jan 31, 2019". So yes, May 4, 2019, but Third Eye is a no-shit firm, so I would be shocked if they dont demand repayment so that they will have no loan exposure, made financing fees and have a few million free warrants. Thats what I would do if I was them.
If they agree to renegotiate (which I could only see them doing for additional warrants or shares), I would take that as a very very positive sign, since they are not in the business of risking money, but making it with risk minimization the number 1 objective.
My two cents.