Continued Roth coverage imo points to a Nasdaq listing....
posted on
May 02, 2019 08:38AM
As with all things Resverlogix its taking longer than expected....but I do believe we're heading to a listing on the Naz. I don't believe Roth is covering RVX/RVXCF because its an outstanding company with an incredible lead compound, ultimately I believe they're expecting a pay off, and this is how I'm thinking it could play out.
In another couple of months, with a PPS of we'll say up around $7.50 USD, (this is my scenario so I'll pull whatever number out of my nether regions I want).....at this point we get an announcement that RVx is uplisting to the Naz in tandem with an underwritten share offering of, oh I don't know...maybe 10 million shares priced at $7 each for proceeds to the company of $70 million USD less fees.
Coincidentally I envision the shares hitting the market in tandem with the release of top-line results from BETonMACE....
Am I dreaming in technicolour? Possibly, but I think this scenario in broad strokes is a distinct possibility....Any thoughts?