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Message: Resverlogix Announces Conversion of US$12 Million Debenture Strengthening Balance Sheet

Sooooo ... It appears that Ori believes owning an equivalent amount of RVX stock will be worth more than either $12mm and/or a leveraged ownership/control position on the RVX IP. I like that Ori is giving up a bird in the hand ($12mm and a debenture/IP security position) for the future potential of the stock, while having a seat and "view" in the board room. Strategically, it also positions and "amps up" the potential for another significant financier if needed at some point. Shows confidence and significance from a significant creditor that has access to lots of cash as well. With a view from the board room, hopefully a good signal that Ori sees solid legitimate and serious potential with current deal making activities, and/or the potential of RVX with/without BP, and provides additional negotiating leverage and "backbone" to RVX for negotiations. Could also be an indication of imminant deals, clearing out and converting an IP claim in exchange for present value equity. Speculation and jmho's ... glta 

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