RE: my useless 2 cents on the warrantsBasically, the warrants give the holder of the bought deal at .35 the right to exchange 1/2 warrant at an excise price of .25, but the deal is for 1 FULL warrant at .50. The extension is positive to the share holders and warrant holder as the company has said in a round about way, the results are coming and they will be positive. Instead of letting the warrants expire BEFORE the news release of the Phase IIB , they have extended the deadline because they believe the stock will be higher than .50. This way the company makes extra funds, and capital to run the advancement of the trials.
I do not know who holds the warrants, but the company is definately giving them extra time to decide to excise when the Phase IIB data is released. This is one hell of a deal for the warrant holders. I honestly see the stock at or above .50 when the results are released and as soon as the market absorbes the extra shares, the stock will proceed up. It could explode also on a partnership deal and blow by .50 very quick.
May will be very interesting!