letter from mangrove to nabi holders, page-13

Note the disclosure at the bottom of Mangrove's letter and rember they are recent NABI holders and doing this for the money only - they do not have a long term view or interest in either NABI or Biota:

"About Mangrove Partners
Mangrove Partners is an investment advisor to a special situations hedge fund. Mangrove seeks to exploit market dislocations, company specific events and forced selling, particularly with respect to smaller issues and more complex instruments. Underpinning Mangrove's research is a deep value investing philosophy and the search for investments that provide a margin of safety."