Monday, June 27, 2016 7:44:20 PM
The insider trading rules extends to all securities, including warrants and options. Linda or Toucan could probably make a loan, provided it's not convertible. It would be interesting to know if the Toucan funds could buy shares or make a convertible loan. Although I suspect the Toucan funds would be subject to the same restrictions, since Linda has dispositive control.
NWBO's financial obligations are largely due to Cognate and employes that also work for Toucan. So, the company could probable rely on deferring payments to Cognate and Toucan for a while, if need be.
This is becoming a case study in the potential pitfalls of a fund (controlled by one person) owning and controlling a public.
Recent NWBO News
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