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Re: chinatown1980 post# 80460

Monday, 10/24/2016 6:41:07 PM

Monday, October 24, 2016 6:41:07 PM

Post# of 682014
Actually, they just rediced the shares issued and options, and MFN clause went Kaput for Cognate, and the direct offering has no warrants. I'd say it's a pretty clean set-up for the next stage, though it had to be done now, to avoid BK. You don't let a company go there, just because you're share price is still low. The notion that they could wait and do something else, before they managed those circumstances, that were related to the Nasdaq resolution recently, as well as advancing Phase II for the other program, shows a complete disregard for the necessary sacrifices companies like this make every day.

In my book, the additional shares, and dilution are a necessary issue for all these companies. When CPXX issued new shares in the low cost range, even after it was pretty clear they were coasting to approval, that was just a part of the deal. Shareholders didn't complain, and in fact, the share price increased upon the raise.

NWBO is not yet in such a luxurious place, but your concerns are simply not consistent with what is real and what happens. Expediency is not shareholder unfriendly, it's the cost of doing business, and it leads to a small amount of dilution that will more than be made up for in appreciation if things go well in the future. Going BK to avoid such events, is simply unrealistic and either shows a failure to fully grasp the reality companies like this face every day, or a disregard for it. Whatever the case, it's just reality.
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