Congratulations to Don and Team - Thank You to Mr. Dart This looks like a terrific deal for Resverlogix. They have brought in an additional major shareholder (that's a good thing for us small guys - we like having diverse ownership). There is clearly now a diversity of interests in the "control group" and that's big news.
This deal also reduced the costs of BOMace... another important point.
And it brings us a strong future revenue stream for the first time. From a partner in China that has proven itself via other deals with other Western Biotechs.
The increase in Mr. Dart's own investment is another very big plus to this deal. He has been a terrific asset for Resverlogix shareholders - very respectful I think of our interests. I thank him personally for that.
Don and team have found a way to pay for future trials here. They have de-risked this investment, truly. The company's debt now doesn't seem to matter very much at all.
I'm very pleased with this deal. I think as additional details about it come out, that investor sentiment will continue to rise over the next several weeks.
Some of the other big news items this year also took a while for investors to fully appreciate. I'm thinking about two news items here:
1. The news in January that RVX would (surprise) be going into Phase 3 with BetonMace.
2. The China patents a few weeks ago.
Both pieces of news were "slow rollers" in the sense that investors did not immediately grasp how important the news was and how the items truly impacted company valuation.
I think this news item will have a similar slow roller impact. I think people will be figuring out how important this news is over the next several days or weeks. And that's going to lead to new recent highs in share price.
Looking forward now, I'm excited about the following:
1. A NASDAQ listing. I think that this is getting more and more likely.
2. Anticipated news of details regarding BetOnMace and the other Phase 3 trials. It's going to be really interesting to see what Don and team have been planning on for the past year or two. Obviously they have been working hard for us.
Things have not looked this positive for a very long time. I'm truly excited again. Go Seabiscuit!!!
DYODD. GLTA. IMHO. GORVX. THANKYOUMRDART. GREATJOBDONANDTEAM.