A question for RVXoldtimer. In the latest financials, page 5 is the cash flow statement. There is posted a negative amount of $19.805 Mil (US). At the bottom of that page shows the cash end of the period, in the amount of $7.356 Mil (US). That number is carried forward on page 2 to represent the amount of cash available as of July 31, 2019. The $19.895 Mil (US) being a notional number would this not mean that RVX may have more available cash than the $7.356 Mil (US)? Obviously, the only way to prove that is to see their actual bank statement showing the actual bank balance as of July 31, 2019.

 

BTW Eastern exercised 5 M warrants at $0.75 totalling $3.75 Mil on August 15, 2019.  What we need is another hefty Line of Credit the same way Eastern provided back then at least to put off dilution for some time to come.

 

IMO...Koo