Not FS’s doing. The dip is just due to the raise at $.40. Those investors are just de-risking and keeping the warrants. The raise actually closed last Friday so it makes sense that selling started yesterday. It’s just the nature of the company’s capital structure. But the small raise won’t have a long lasting impact. As soon as those $.40 shares wash out we will get back to low $.40s (not much more exciting, I know). Just think of it as an opportunity to buy in the .30s going into a potentially big month with SH meeting, BLA, and maybe even a licensing deal (I’m not holding my breath for this one though).

I did talk to my Paulson Rep about the lawsuit. Nothing new was provided, but he did reiterate that Paulson management is not concerned with the allegations and don’t think there’s much merit to them in a legal sense. Take that for what it’s worth. Not sure how much credit id give to that. I’ll be waiting to hear more from NP and the board on 9/13. I don’t know how much they can opening talk about the case those outside of legal filings. Anyways, I still feel like the severity of the acquisitions coming from someone with the reputation of RP are serious and add risk to the trade. With that said, current prices are still considering combo value.