Dec. 26 at 5:41 PM
$RVPH When I read that the share price is running down to the last options to be converted, it makes my stomach churn!
According to the last 13G report, only 2 million shares out of 54 million options have been converted!
If the options are really going to be converted, they would need a lot of buyers who are unaware of Reviva's financial situation and would buy 52 million shares and hope for a miracle.
The next dilution would definitely be gigantic, as at least
$60 million would be needed.
At 15 cents, that would mean 400 million shares and at least 400 million options.
In total, we'd be looking at a minimum of about one billion shares!
Therefore, according to H.C. Wainwright's analysis, the sale or buyout would have to be worth
$4 billion!
That would be a very long way off!
Better to find a buyer or partner now, because anything else is just wishful thinking.
