Next Capital Raising?, page-7

Getting an insto on the books would be a strong indication of potential.
The trouble is that IM made it quite clear that they are looking to commercialise (sell off) their 30% stake and not keep it on the books.
The other option that was indicated was spinning it off into a new company - in that case insto support would be a possibility and necessity.

With 2 quarters of cash left RXL needs new money to come in soon - you would be tempting fate trying to raise money 3 months further down the track.

So unless they spin it off then some form of CR looks likely to me.

I am not down-ramping - I already own the stock - just wondering how they will raise funds in the short term.