Not sure what the cure is going to be here, but if Sarissa is planning a R/S, they are going to need to move quickly on this. First, they need shareholder approval, then they must give the exchange a 10 business-day notice prior to the split.
We are down to just about three months before we need to hit $1 (it needs to be above $1 for 10 consecutive business days PRIOR to the deadline, which puts us at about May 5th that we need to hit $1). And it seems quite doubtful that this can just organically double in 3 months, without some sort of stimulus.
So unless the plan is to unwind the short position, begin the share BB, and/or Sarissa begin buying more for themselves, it doesn't appear there is much else that is going to move this fast enough.
Hopefully they share the plan at the earnings call, but that's still a month away, and will only be 2 months prior to the deadline. Who knows, maybe they will shock us and announce something huge that will propel the stock.
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