Okay, let's say we get door #3, top-line results that hit on RRR, CKD and Cognition....and the PPS we'll go super bullish and say it hits $30 CDN

$2.05 warrants would then be trading for @27.95 + time value of money premium....

$4.60 warrants wuold be trading for $25.40 + time value of money premium....

The big difference as I see things is the 4 year versus 2 year expiry.....but in my mind RVX is going to explode or crash based on BETonMACE results in another couple months time regardless.