RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:DIRECTORS AND OFFICERS OF RVX PARTICIPATE IN PRIVATE PLACEMEHi GV.
Perhaps I missed the point on this announcement.
I had assumed that the insiders bought (paid for) 1,080,522 shares at a cost of $702,339.30. That is, they took their own money and paid this amount into RVX in oerder to keep things rolling.
Then NGN added more as well.
This suggested to me that there is a clear vote of confidence in the future of the company. For example, let's say that Don took $100,000 of his $500,000 salary and invested in these $.65 shares it is a clear signal to me that he must have a very serious level of confidence in the future of this company. He could have easily taken the same $100,000 and invested in a secure dividend paying blue chip stock at 4% to 5% interest almost guaranteed.
I don't really know. I'm in the communications vacuum like all of us but I believe this announcement is huge IMO.
The fact that these guys could get the stock at $.65 is irritating.
Please let me know if I am wrong in my assumptions.
Cheers
Toinv