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DewDiligence

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DewDiligence

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Re: jbog post# 209494

Tuesday, 02/28/2017 7:08:56 PM

Tuesday, February 28, 2017 7:08:56 PM

Post# of 257391
Re: RVNC liquidity /ATM facility

RVNC showed admirable restraint in not tapping the ATM until after the stock rose 60% following the US presidential election.

After issuing $10.1M of stock via the ATM during Jan-Feb 2017 (#msg-129082590), $64.9M of the original $75M remains available (http://www.sec.gov/Archives/edgar/data/1479290/000119312516495444/d148689d8k.htm ).

On today’s CC, the CFO said RVNC will continue to be “judicious” in tapping the ATM to avoid unnecessary dilution.

The above mindset about dilution should be automatic, but there are some biotech companies we know who are less shareholder-friendly in this regard.

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

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