Bullish
$NVUS Curious to see how this plays in the near term. Warrants exercised were at .84 a share. An equal number of warrants exercisable at .72 was issued, with expiration in 5.5 years. Novus now has cash to last into next year, and P2 data for OP0201 in OM is expected in ~2 months. Watching AH on Friday, you could see where some knee-jerkers split the difference between .84 and .72, setting the Bid at ~.78 Just think, if you bought in the .50s or .60s the past few weeks, you got a better deal than the exercise price of the warrants. Keep an eye on filings. We might soon know who the buyers were for those 5,605,816 shares. Hopefully they're focused on life sciences, like Orbimed and BVF, the two biggies here. Whoever it is, I guess there'd be no hurry to exercise the .72 warrants. Sort of an odd situation, in that warrants are typically issued with an exercise price higher than the current share price, but it's a big deal for Novus to now have gotten enough cash to go into next year
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