Novus Energy Inc NOVUF

RE: RE: RE: RE: warrants to be called in about ten

[ardvark11]

Thanks,

Looks like 2.6 million shorts covered by warrents.  That's almost 2 million dollars to Novus so they have already made up all the cash they need for their capital program.  No need to call in the warrents, no point as they expire in march 2012 anyway and if the sp stays above 1.20 which is a no brainer given all the drilling they are doing (only issue is fracs).  Only 5 more days of weekness above 1.20 and scare rabbits running around selling their shares.

Management would rather be bought out of their warrents before mar 2012 than to have to come up with millions of dollars really fast.