warrant holders not being able to exercise them at this point in time is highly intelligent and intentional by NEPH management. In fact it now looks as though the whole process may have been a now (successful) attempt my management to block the fraudulent practices of wall street.
You see the stock was not trading anywhere near true value. the stock was being naked shorted to death by (many possibilities) ie a large biotech.
the offering lowered the float so low that the stock cannot be manipulated daily. It was really a stroke of genius and the first ive seen done successfully in my 8 years of trading!
also if they were to release the warrants now, people would just dump them onto the market and we may be right back to square one with heavy shorting again by the powers that be.
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