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Re: DewDiligence post# 1556

Friday, 08/14/2020 4:52:30 PM

Friday, August 14, 2020 4:52:30 PM

Post# of 9090
RVNC 6/30/20 pro forma cash=$470.19M. This figure consists of the net current assets on the 6/30/20 balance sheet—excluding the “deferred revenue” and “derivative liability” lines, which are accounting artifacts rather than bona fide liabilities (https://www.sec.gov/ix?doc=/Archives/edgar/data/1479290/000147929020000090/rvnc-20200630.htm#i7c00b49d51464ae7929d790a639b9955_16 ).

(In the above calculation, RVNC’s convertible debt is considered as straight equity, and hence it does not enter into the arithmetic.)

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