Replies to post #33902 on Revive Therapeutics Ltd (RVVTF)

[rickstereo3333]

Why dilute if you are finalizing a deal?


And what deal pray tell is revive finalizing???

Theyre currently awaiting a response from the fda re an ep change and after that, once approved, the seeking of an eua.

The companys been burning through cash for the past 2 years with the buccy trial and various other psychedelic projects.

Companies use the $$ raised through these means to fund their operations and revive is no different seeing that currently generates no rev$..

Also as stated its not a typical public share offering but rather a private placement transaction thats most likely only open to accredited investors.

[Bluehorseshoe66]

This is chump change so I I would not call it dilution. It's an incentive to keep the business going. They obviously don't have enough assets to get a loan and the alternative is to give up. I don't have a crystal ball to know exactly why, so tell me your bearish opinion on why this is being done?