The conversion is very, very good news. While I trust the CEO when he says that he expects a deal to be struck before the end of 2020, the best indication of something positive coming along is when people who are as much insiders as insiders come decide to buy shares. This is what happened when ORI decided to convert their debt to shares. From their representative on the board, they have first hand knowledge of how the negotiations proceed - they put that person right there to make sure they would not lose out on a sudden increase in the share price. ORI obviously has an expectation that the share price is going to go up.

Their money was never at stake - they would have been first to capitalize on the IP in case of RVX falling apart. Shareholders would have been the first to lose their investment. Now ORI chose to become holders of ordinary shares - that speaks volumes in terms of confidence in RVX.

As for their seat on the board, I think their representative will be re-elected, mostly because they now have a sizeable position in RVX.

Best regards,

BKC