Hey Golf, the way profit was made (I'm fairly sure) was shorting RVX at the open on June 9th (the financing was announced after close on the 8th). For example, someone(s) at Raymond James sold just over 59,000 shares, mostly early, on the 9th at an average price of $1.92. If those shares were borrowed to short, which I suspect they were, when that individual(s) settled the short with financing shares at $1.80 they made on average 12 cents a share and had the warrants.  Again just my guess.

Given that the average transaction price on the 9th was $1.67 anyone who shorted at average that day still made a very good trade. Any financing participant who short sold at the average on the 9th obtained warrants at a cost of 13 cents a piece and the share price was driven down which I agree was likely the strategy for someone(s). That trade has possibly left someone(s) with a very nice position on their warrants and the ability to purchase RVX shares at a considerably lower than financing price.

I find it very interesting that days later Raymond James was the house representing huge buying of the warrants. I suspect those warrants would have been more expensive off the hop if the share price hadn't been driven down so far. 

Will be interesting to see what the short report actually shows.