Monday, May 16, 2016 6:16:04 PM
One of the unfortunate signals from today with the re-pricing of the warrants is the company effectively let the public know that they have no clue how long until results are known and the FDA comes to a decision per the halt.
Linda and Les basically said today: we have no idea what's going on, so let's take whatever cash for now, even if we have to price the longer term warrants at $1. That's basically a concession to the warrant holders to cash in the 96 cent short-dated warrants.
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