One of the Cavazza brothers died two days ago, Claudio Cavazza. He has a large stake in RGN, that I assume will pas down to his heirs. His brother Paolo also owns about 20% in RGN. Here is a link from Sigma Tau
I don't know how this will effect RGN. At the prices RGN is at... I doubt if the heirs would sell. But the heirs also have a good stake in SCLN and wouldn't surprise me if they sold that. Having Claudio not around might also effect RGN if they do another PIPE deal. Paolo would buy (I believe), but will Claudio's heirs???
Maybe Claudio being older brother ran stuff for Paolo? here's to hoping that Paolo will do a better job of holding Finklestein's grubby feet to the fire.
I also hope that paolo steps up on the PIPE (puke) deals for RGN and buys what Claudio would have???
Wonder how the Cavazza estate taxes will play out in Italy? I assume there must be some. Wonder how Sigma Tau ownership is structured? Can Claudio pass his private shares tax free? if not? Will the heirs have to sell things to pay taxes? or take Sigma Tau public?? Does Cavazza still own QCOR? Cost basis about 50 cents, price now $21.50/ Same with SCLN. Wonder if heirs will sell that to raise money if needed? or did Claudio plan well? Who knows. Their dollar value stake in RGN is probably meaningless when compared to his overall estate valuation.
My biggest hope is that Paolo was always in the shadow of his older brother. Let's hope paolo is active on the likes of RGN. Certainly if Claudio's 20% (plus) stake in RGN goes to his heirs....THEY might very well get pissy (rightly so)...... at flubby Finkelstein.