RE:RE:Sick n tired of this companyAddressed in the last M&A ... "The Company is reviewing several alternatives to solve this financial challenge including raising equity, converting debt into shares, and selling assets while at the same time continuing to find partners to explore the portfolio."
"OUTLOOK While the Company has a very challenging financial position, management believes that there are potential solutions to alleviate the debt burden. The Company continues to actively market the portfolio, and despite challenging markets we continue to have expressions of interest from various parties in the industry. The Company’s current joint venture partners are all reviewing budgets for 2019, and hopefully we can provide some guidance as to potential programs for the coming quarters."
The easiest solution is for Rick (the Shark) to convert his loan into shares at say 3 cents/share to show leadership here and his faith in the"outstanding assets" that RVL has, a merger (not suggested by RVL with another smaller royalty company), or an exciting exploration play or the possibility thereof where our stock price increases to say 10 cents and a financing occurs that places us on secure financial ground again. It appears that it is a little late for the exciting exploration play which should have started last fall ... and we should be staking new land now...
Flush777