Replies to post #39143 on Relief Therapeutics Holding AG (RLFTF)

[go_wamu]

Just think about it for yourself:
NeuroRx is a small private US pharmaceutical company that discovered the basis for a gold mine by the use of Avitadil. Based on a cooperation agreement, NeuroRx agreed to conduct a clinical trial to achieve an EUA by the FDA, which will be funded by Relief, which also holds the patent for Aviptadil. The success seems to be immeasurable. Even before the first trial is completed, NeuroRx begins to initiate another study and is obviously trying to steal its way out of the cooperation agreement.
Regardless of the agreements contents, NeuroRx generates and charges millions in costs that Relief doesnt want to pay without an examination. Due to the foregoing said, NeuroRx derived a breach of the cooperation agreement and has found a new investor in Big Rock Partners Acquisition Corp (BRPA) who intends to issue on the stock exchange together with NeuroRx in the second half of 2021.
While Relief has already invested hundreds of millions in the RLF-100 project, Big Rock Partners Acquisition Corp will likely finance the new Zyesami project with just as much effort. However, after the trials successfull completition and before request an approval, BRPA is one of many investors. They dont have a patent. They have a contract only and nothing else.
... and now an ambitious, successful but very greedy CEO takes the stage. The expected profit must be shared. There is a contract with Relief with obligation of 50% payment, otherwise there are no licenses for Aviptadil, and a large part of the profit will also be due to BRPA, because BRPA has financed the success also
..... and a small proportion remains only of the Goldmine, existing at the beginning.
So what to do as an equally successful CEO to come to terms? What a dilemma ! The contract with BRPA can be terminated only prematurely after BRPA is guilty of a breach of contract that justifies this termination. But BRPA doesnt do it of course, but NeuroRx. BRPA will sue for the funds made available so far, but after an application is only applied for after this embarrassing situation, NeuroRx is able to pay the claims made on them from the postage.
....and BRPA is, where they were at the beginning !