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Re: None

Friday, 05/27/2016 3:13:05 PM

Friday, May 27, 2016 3:13:05 PM

Post# of 30990
anyone here knowledgeable on past financing terms?
Went to look at 2015 10Q from edgar to look at terms of 20 m financing oct 15 2015...
-it look like the note holders can convert as much as they want , up to 20m, ewhwther or not RCPI has access to the funds from restricted accounts or not ...is this the case?
-how much has the company withdrawn of the 20m? estimates? I am guessing about 6 mill...
-it does appear they can buy out the note holders, and if they can use the remaining funds in the restricted accounts (about 14 m) then they would have to only raise about 3 or 4 million to buy this deal out ...I am assuming about 3 m has already been converted to shares...

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