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DewDiligence

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DewDiligence

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Re: WID post# 200011

Wednesday, 03/02/2016 5:41:50 PM

Wednesday, March 02, 2016 5:41:50 PM

Post# of 257484
Re: RVNC liquidity (from same PR)

• The cash balance at 12/31/15 was $254.1M (consistent with the January guidance of >$250M in #msg-119680501).

• 2016 cash-burn guidance (issued for the first time today) is $105-115M; in other words, RVNC has more than two years worth of cash on hand.

• Raising $126M at $36/sh in Nov 2015 (#msg-118228123) was a smart move.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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