We surely know they needed to raise cash. That's a given.

But going the same route that was taken before may not bear fruit the same way it did not the last time around. They could decide to scrap it once again. What they accomplished today is to bring down the SPP by 20%+ in one fell swoop and so close to the finish line.

I believe that the Third Eye Group is on board the RVX train to the finish line, or there would not be any loan extensions. And as was pointed out the $15.1 Mil CAN PP with HL of April 1, 2019, was not shared with Third Eye. So $15.1 Mil is good for five months of business operations. Perhaps the proposed offering of units is intended for use after successful topline results.  

IMO.....Koo