Agreed, I was just talking to a friend about this. This stock looks like it's being "managed" to a price range. Those recent warrants hit at something like $1.62 and if this thing would have followed the natural course following this morning's news, those would be in the money and likely exercised, as it is, with the stock staying in this range up to the merger, the outstanding shares of the spin-off NBI should stay around 25 million...
I prefer this for the short term... Let's just get that merger done already!