- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Firefly Value Partners, LP

2. Date of Event Requiring Statement (MM/DD/YYYY) 10/21/2009

3. Issuer Name and Ticker or Trading Symbol

NEUROBIOLOGICAL TECHNOLOGIES INC /CA/ [NTII]

(Last) (First) (Middle)

551 FIFTH AVE, 36TH FLOOR

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

NEW YORK, NY 10176

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.001	2587553	I	By FVP Master Fund, L.P. ⁽¹⁾
Common Stock, par value $0.001	2123943	I	By FVP US-Q, LP ⁽²⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:
( 1)	Firefly Value Partners, LP ("Firefly Partners") serves as investment manager to FVP Master Fund, L.P. (the "FVP Master Fund"), the direct owner of the subject securities. FVP GP, LLC ("FVP GP") serves as the general partner of the FVP Master Fund and Firefly Management Company GP, LLC ("Firefly Management") serves as the general partner of Firefly Partners. Messrs. Ryan Heslop and Ariel Warszawski are the managing members of FVP GP and Firefly Management. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934 ("Exchange Act") or for any other purpose.
( 2)	Firefly Partners serves as investment manager to FVP US-Q, LP (the "FVP Fund"), the direct owner of the subject securities. FVP GP serves as the general partner of the FVP Fund and Firefly Management serves as the general partner of Firefly Partners. Messrs. Ryan Heslop and Ariel Warszawski are the managing members of FVP GP and Firefly Management. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Exchange Act or for any other purpose.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Firefly Value Partners, LP 551 FIFTH AVE, 36TH FLOOR NEW YORK, NY 10176		X
Firefly Management CO GP, LLC 551 FIFTH AVE, 36TH FLOOR NEW YORK, NY 10176		X
FVP GP, LLC 551 FIFTH AVE, 36TH FLOOR NEW YORK, NY 10176		X
FVP Master Fund LP 551 FIFTH AVE, 36TH FLOOR NEW YORK, NY 10176		X
FVP US-Q LP 551 FIFTH AVE, 36TH FLOOR NEW YORK, NY 10176		X
Warszawski Ariel 551 FIFTH AVE, 36TH FLOOR NEW YORK, NY 10176		X
Heslop Ryan 551 FIFTH AVE, 36TH FLOOR NEW YORK, NY 10176		X

Signatures
/s/ Ariel Warszawski, Ariel Warszawski for himself, as Managing Member of FVP GP (for itself and as general partner of the FVP Master Fund and the FVP Fund) and of Firefly Management (for itself and as general partners of Firefly Partners)		10/23/2009
^** Signature of Reporting Person		Date
/s/ Ryan Heslop		10/23/2009
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.