dsind, Everyone probably agrees with you that its undervalued. But we are all victims of the "NO NEWS DAMAGE". I understand It has been legally advised to Novus to stay quite until they have material news about the process. Now since there hasnt been news everyone is under the impression that there is no buyer
My quess is large investment houses have heard a rumors from a involved Data room canidates that Novus has no upside and the
It could be put in a "poison pill situation".
Novus management I am afraid has cornered themselves and will need to make a deal. April 25th is 120 days for venture YE and 2012 4th Qtr releases due. Something will transpire in this time period.
Anybody know what the short position looks like on NOVUS?