I suspect you are correct as such it will now fall untill the new amount of shares is absorbed by the market and there is in accordance with carpe diem theory very little shares available again for shorting.
WE could see this happen many more times before any meaningfull cash flow is seen as I have posted before I dont expect to see the big contract signed before first quarter 2014 although they might just make last quarter 2013 looking at the median time for fda approvals and when sanofi submitted them
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