I don't believe that's the case.  While the argument might make sense for some entities, RCF doesn't need petty cash.  They know that this is an elephant, and they're trying to hold on to every single share they can get their hands on.  Their entire approach to all previous financings over the past several years is a direct reflection of that.

Also, if they were selling anything (even just the interest shares), they'd have to file reports by virtue of having ownership over 10%.