I wonder if the warrant holders are also gaming RVX.  Yes we will convert...but not at $1.33...since the stock price is now $x, why don't you give us a 10% discount on $x?

Clearly, the only risk for RVX is now capital needs.  This need for capital may also be why Don keeps talking about "deals" nowadays.  Sell some license for some country for upfront payment...kind of thinking, although it could be similar stuff.  That reduces the need for more dilution of existing shareholders.  We are already up to 253 million shares fully diluted.

But now all the news is out.  We know exactly how much RVX needs (minimum $5 million, but $15 million preferable, IMHO).  Once the capital raise is behind us, the market should rally back.

In my books, a bargain basement value is $1.5 billion, taking into account the tax loss carry forwards.  I was always skeptical about $3 billion (more of an asking price, IMHO), so anything around $1.5 to 2.5 billion should do it.