Remember NVCN is heavily owned by these institutions , if they decide to come to the market and buy more seeing this discounted price its just going to be gap open like $2, may be no time to get in for a chase to buy at all.
In 2014 for $6 a share the company directly sold shares raising $25 mil
then in 2015 for $7 a share they sold shares again raising $88mil
2016 now I see more of the same raising lots of money for shares , and these institutions are not going to let the price stay low for long as they own so much between $6 -$7 .
I see them again buying shares from the company maybe $150mil range for 2016 and also coming to the market to buy shares to boost there holdings .
The drop was on just 6mil shares last month(money value maybe $2mil bucks) so will not take much for them to get the price back over a few bucks.
Even NVCN can buyback 6mil shares since they have 47mil in cash .
Bottom line they have a very valuable technology shown from the money they have been raising , growing higher each year .