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Message: Re: AGM & PP
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Nov 21, 2020 10:46AM

I agree that this is to show that money is still available as the end of the year nears with no announcement yet. This is no strong commitment as without reading the whole agreement, it would appear that both parties can back out of this up to January 15th. It appears the cash is available but we don't know whether they just back out if DM is not making headway on some sort of deal soon. This has to be available to them as why else would they allow RVX to back out until then. This might be a sign of confidence that a deal is near so the purchaser feels confident that they can lock in a good price while the market price rises. If a deal was arrived at, this might allow RVX to clean up their bills to meet conditions of a deal. With a partnership, RVX would probably need cash for administration even if BoM2 was paid for. Lots of possibilities. The warrants were only for 9 months, I believe so the purchaser is expecting something before too long or to back out.

I don't think this is much of a shield for DM at the AGM. He promised something by year-end and the AGM is pretty much year-end with holidays so he needs to deliver by then or face the wrath. 

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