Relief Therapeutics Holding AG (RLFTF)

[PennyWorld]

It's my understanding that 'forced' conversion of 150:1 will not occur until Level 3 is reached. And the conversion will only impact OTC shareholders (not holders who purchased shares directly off of the Swiss). The recent announcement was related to Level 2 only. So my guess is it may be middle or late summer before Level 3 is reached. Just a guess (I hope). It's also my understanding that RAM cannot dilute by dumping ADRs to raise $$ until after level 3 is reached.

I would much, much prefer if major progress was made on some of the key fronts (EUA, ACER-001, mediation, NIH, etc) BEFORE the forced 150:1 forced ADR Conversion takes place. We need a major PPS LIFT before that conversion IMO. Otherwise we are at risk of the PPS drifting south from $7.50 as the uncertainties linger on, which could devastate the SH (including GEM). RAM must know this! I've always wondered if GEM negotiated some sort of deal with RAM to protect GEM from that risk.