Re: Right of first refusal
in response to
by
posted on
Mar 03, 2019 05:31AM
And if all fails for HL USA they would get their $18M refunded anyways. So they have nothing to lose except the interest on the deposited or borrowed funds.
But I just don't see HL USA putting up additional funds to protect their ROFR as it exists accept them agreeing to extend the time limitations otherwise RVX would be required to refund the $8M, money they don't have, upon termination of the agreement.
RVX needs to get a serious horse in the race for the USA apabetalone franchise now, before everything is said and done. It's hard to believe that there are no willing participants other than HL USA for the USA franchise.
It is my belief that the 68% ownership of RVX owned by two individuals (HL & Eastern standing guard over RVX) is what has kept third parties from showing any interest in RVX all along.
IMO...Koo