"I have a feeling that Resverlogix already contacted the holders of the warrants in question and its a done deal, which is good."

As I recall, some forum members mentioned taking place in the private placements.  Maybe they can let us know if they were contacted!

Seriously, I doubt that RVX contacted these generally smaller investors - the company is just trying to give them incentive to exericise (at $1.33) and pour a little more dough into the company to keep things going. At the current price, it's not a bad deal for the warrant holders (especially if they want to sell the shares to make a little money and reduce their exposure in RVX) but it would have been better to buy shares in the market (at less than a dollar) after topline!   We're not likely to be told how many of the warrants are actually exercised until it comes out in a financial report at some point.

Jupe