There is a aphorism of the market that I treat as gospel truth, and here it is....

"When the dumb money is nervous and/or uncertain, the smart money moves with confidence".

Seeing those 7 trades all at 14:19:30 and all with the same house (CIBC) on the buy side....23,500 warrants bought.  I think there's a good chance that this activity was an example of that saying.   

We've had a nice climb off that $1.30 base price for RVX, and it happened with events that were largely anticipated....completion of the HL financing and subsequent retiring of the loan.  The unexpected, and very pleasant, event came with the Beacon report.  

We'll see what the coming week brings.  Even if that surge of warrant buying was a smart money player loading up in advance of a big run, that doesn't mean we can't see downside next week.  If the PPS climbs it can lead to momentum players jumping on board, and existing holders may add and tighten their grips on the shares they already own.....making accumulation difficult.

Whatever happens happens....but the fundamental reality of what Apabetalone could be worth with FDA/EMA approval hasn't changed.  We may not know the exact figure, but whatever it is, it starts with the letter B.