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Message: Re: Maybe timing is everything…
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Jun 02, 2023 02:44PM
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Jun 04, 2023 04:57PM

  Koo, my bad for using bankruptcy and insolvency interchangeably however in bankruptcy generally, a licensee is not allowed to continue to use licensed IP and that license becomes an unsecured claim in bankruptcy proceedings. The license is an agreement with the company for use of its' IP not an agreement with the IP. This is likely one reason why Hepalink is not pressing the RVX debt and is extending terms. There may well be other positive reasons (hopefully!) for term extension as well.

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