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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: One asterisk or two?

Does this bear closer examination?  I don't know....I think its possible that something has happened between Jan 31st and March 31st that we don't yet know about.  

Under the "Financial Profile" heading we have seven bullet points:

  • Shares O/S** (MM): 105.4
  • Share Price*: $2.30
  • Market Cap* (MM): ~$226
  • 52 week low/high*: $1.10/$2.47
  • Cash Balance** (MM): ~$4.9
  • Cash Burn Rate** (MM): ~$3.1/mo.
  • Total Cash Raised** (MM): ~$300 

One asterisk denotes the information is as of March 31st, two means its as of Jan 31st.  We are given the PPS, Market Cap, 52 week low/high as of March 31st. Shares outstanding is as of January 31st along with the cash burn, total cash raised, and cash balance.

So its not just Total Cash Raised which is back dated to the end of Jan, but also the number of outstanding shares and the burn rate as well.  If those things hadn't changed in February and March....as SanFran more clearly explained....then why not have everything as of March 31st?  

Has the amount of cash raised changed, along with the number of O/S shares and  the burn rate in the past couple of months? It would make sense that if they've raised money by some form of an offering that the number of outstanding shares has changed,  as well the burn rate could have gone higher as they perhaps have the money to accelerate enrollement in BETonMACE.

At any rate its curious, here's the link to the Fact Sheet PDF:

https://www.resverlogix.com/upload/media_element/273/01/rvx-fact-sheet---april-2017.pdf

 

 

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