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A PR is not going to fix this. Whatever NWBO says (except FDA AA, HE Reimbursement), the hedge fund folk will spin it to their favor. They need to focus on the science. Hire Leary to deal with the other bs.
Thank you. Any similar examples where a giant like NW took an active role in a company or where steps were initiated to clear the air would be much appreciated.
I agree with you. I will give you a good example but I want to refresh my memory on how the company reacted, but the situation is very close to this and their stock has done nothing but perform very well. I will be back later today or tonight.
Could they find a more qualified individual in the areas they need to investigate and solidify? Of course we all assume they are innocent (would we remain invested if we thought otherwise?) but why hasn't anyone from NWBO refuted the allegations in the anonymous report? It has been weeks since the report was released and there isn't evidence of any attempt to address the issues or clear the air. Hence, why Woodford is now forcing their hand. Clearly he is also concerned about the lack of urgency in defending the castle.
I would love to wake up to $50-$200 pps one morning.....
I still have a little faith....still have a fairly large position....
My hope is we get a simple P.R next week from NWBO just confirming she is on boars with Neil %100 re: his request.....
This isn't that hard folks... Common sense !!!!
If the science works, this will be a blip on the screen EVEN if Linda engaged in inappropriate actions (which I don't think she did given her Harvard Law/High Honors background).
If Leary is the right person...just because he is recommended by Woodford doesn't mean he is. Of course I hope he is but I think everyone needs to put themselves in NWBO shoes with the assumptions that they are doing anything shady to the side. Nobody knows if they are except them. I choose to give them the benefit of actual fact coming out before I hang them.
I'm all about truth....... And balance. If you think things are really optimistic here the last 5 months($12.55-$4.70) and no clear P.R from NWBO......then I take my hat off to you cuz ta got balls or a lot of money to just blow away on a pipe dream.
I still have a little faith...I never bash the company...I just lay out the facts.
If Woody's investigation comes out clean and pps dips a little bit and science us still good....Then yes, I will buy more.
I'm in holding mode right now, not even trading it like I did 4-6 weeks ago.
What is there to decide? Either this is a united approach or it is something much different.
Flipper, what are your current thoughts on the continued suspension of patient screening, no announcement of completing enrollment, and no information regarding the regulatory review initiated more than 90 days ago?
It has been two weeks since he proposed an independent director and one week since Leary met with the board. Reread the letter. Do you guys want them to just make a snap decision or do it right?
Turtle, are you buying more shares now or later on if the share price goes lower? I am as i have in the past. I think many other longs are/would too if they have the funds available. Personally, I just refuse to bash the stock hoping to scare others into selling on the assumption that it will give me a cheaper share price.
I think that is spot on. By making this an independent examination/investigation, NW keeps this above board so he does not get embroiled in allegations by association/investment, plus he likely clears the cobwebs out of the attic so that management can move forward with a clean slate.
I would note, at least from my memory of some past unrelated general news events about public/private figures in London, that libel is taken far more seriously in England than it is here, and if Mr. Malik has a case for it, he may very well have international reach.
It's been 2 weeks since Woodford made his request.
I believe NWBO will reply next week. They have to. Anyone that wanted it Wed-Fri this Thanksgiving week are not realistic.
Good move PYRR
Don't blame you for either shorting this now and/or waiting on the sidelines until this blows over...
I'm not a big fan of you (no offense), but I give you MUCH credit here. I'm man ENUFF to say it.
G.L
I think the whole idea behind the independent investigation is to clear the air about all these allegations floating around about NWBO and its management, so the company will get more respect and stop all the wild price fluctuations with every new blog or tweet that comes out. Just making public denials hasn't worked out too well it seems.
Its possible that you're right that NW is actually worried, but there is also the possibility that if he didn't come across that way publicly, people could paint the whole investigation as a sham and claim that he is just trying to cover up problems to save his investment. The letter implies that the investigation is to seek the truth.
Thanks Pyrr
I appreciate your full disclosure, info on Woodford's activist move, and the rational for exiting your position. Certainly the risk has worsened for holding the stock through this investigative process and lack of favorable resolution to the halt.
I've been out of the loop since my last posting - thanks for the alert. I will take appropriate steps to protect my small position.
Also, thanks for the heads up on your writings on Seeking Alpha.
I wonder if we get a PR on Monday from NWBO or AF.
No ones selling cuz they are in the red DEEP.....they are hoping for a mini bump to get out.
Writing is on the wall.....bad things are coming imo
No one is buying cuz are management gives us NO confidence.
We are left on the dark and all longs are deep in the red hoping for the best.
Outside investors will not touch this with a 10 foot pole until we get accurate,reliable, unambiguous news.
We bleed to death now.
There are plenty of shares available and no buyers.
My thoughts exactly AFFORD......I have been very frustrated like Woodford for 5 months now.
This does not look good....I would jump ship now if I wasn't soooo deep in the red.
All we can do now is pray.
Very few seem to be selling.
If someone wants shares, why aren't they buying in the 4's or 5's? This is the bargin basement and no one is shopping? Doesn't exactly jive with your opinion.
My only problem is that we have one savior in NW and now that savior is pissed&worried. What do they say about biting the hand that feeds you. When everyone here says if NW is in then it must be good because we assume he has either researched everything thoroughly or received pertinent&separate info
apart fro us .....and then to read his letter is a complete letdown. And yet most here piss this into the positive saying that if he finds nothing great and if he finds something great because he will clean it up.
but NO ONE here says if he finds something then what does that say about mgmt and how does that reflect on the science i.e. if mgmt/owners are untrustworthy couldn't that reflect on the science?
I am not at all pleased right now, it feels that the stock might have collapsed from $12 to $4 because of leaks about THIS.
The only reason this is happening is that someone wants your shares.....for a bargain basement price. Selling before the science is complete is a mistake. Anyone urging you to sell is a likely buyer or working for one. Otherwise they should have no interest in your holdings. It is a lot easier to cast aspersions than to defend yourself from them, which is what the bad guys are doing now to shake out as many shares as possible. Anonymous accusations by a group that openly declares they stand to profit from them and there is no accountability for their falsehoods? These tactics should cause everyone in the market concern. The fact that people like Cenkos and Woodford are playing off of them says a lot about them and their possible motives, right before the shareholder meeting. I support management and their track record of accomplishments against bloggers with a motive and a track record of lies. Thanks to other posters for finding and posting the facts from the filings about the transactions in question. Let's keep doing our due diligence.
Continued
No reply to NW board recommendations.......Zero
Continued....
HE reimbursement.....ZERO
PIMS.......,............ ........ZERO
All ZEROS and not a peep from Management
:(:(:(:(:(:(
Promised this year
-Collaboration with CI......Zero
-Direct 2 phase to start....Zero
-L complete enrollment....Zero
-Screening halt lifted.........Zero
We bleed to death soon....and on top of the above promised.....NOT 1 word from management.
Shareholders need confidence...
Bleed, drip..drip...drip.
turtle if you have invested in NWBO it would be reasonable to assume you believe that DC Vax-L works as if you did not then the only option is to short the stock. I will be honest and say your posts leave me confused as to where you stand. Assuming you do believe that DC Vax works then any individual within management that has crossed a line won't cause this to fail. The business will always be bigger than any individual. They have financial backing to see this through to the end game.
Ok you answered before I read my next post....
Glad you believe it works. I have no interest in arguing my opinions with you as I'm half full and you are clearly half empty...suffice to say from your posts you come across as highly worried about this investment. Nothing wrong in that but instead of attempting to shoot me down apply your own reasoned arguments about why you think LP is a serial fraudster out to rip you off? I believe it works and I also believe the management are working in the shareholders best interests. On the balance of things IMHO you have answered your own doubts.
If you believe in the science ( let's assume it works for a moment ) then why would you believe that someone that has invested so much would risk their own money by committing fraud? What exactly does she stand to gain? What exactly does she stand to loose?
On the other hand we have financial disaster looming for shorters of this stock if the science works which we both believe it does. 12m shorts plus any number of naked shorts means the only way out now is for NWBO to go into bankruptcy. NW changed the financial picture and so you then get phasefive ( anonymous ) appearing like a shining light defending shareholder values....utter BS don't you think it's a bit strange? Allegations around Malik made anonymously ? Seem a bit strange ? For an allegation like that to be taken seriously you have to put your cock on the block if you want to go public....ANONYMOUSLY remember.
Have you also noticed that AF has not endorsed and nailed his colours to phasefive....merely commenting on Maliks suspension? Is that not odd ?
NW believes the science and has backed the management to the tune of £130m and IMHO takes a view that these shorters need sorting out once and for all. An appointment of a trusted highly reputable independent director will neutralise phasefive and pave the way for legal action for market manipulation.
I don't expect you to agree with my opinion but it is what I genuinely believe.
Let's see if the market believes if DCvax is a viable product... That's a better question.
Shareholders need confidence. Confidence comes from management giving us a clear and accurate picture of what's going on.
Do you believe that DC Vax-L works yes or no? Simple question just requires a simple yes or no answer please?
OMG what a ridiculous question again! Let me answer, yes I do......but that doesn't guarantee it will be proven effective. I'm sure everyone invested in the thousands of other biotechs that failed believed their treatment worked as well. It also doesn't negate the quest for information regarding the buisness and operations.
The bogusness of the statement is that it was a post stating the information is fact, it's not. Are you sure you know what the meaning of fact is? If a poster speculates that something is fact, then they need to prove it. My entire argument with Management is that they don't provide shareholders any transparency, therefore it's impossible to make a well informed decision on this investment. I'm not saying that they are a scam, they are robbing NWBO blind through Cognate or anything else. I do however say that it is all a possiilty without the details.
I'm not sure if you are purposely answering like a politician here or what? You really should have posted your original post so you could see what you actually posted and defend your speculative assumptions correctly. None of your response was actually posted in the original post.....
Linda has invested a significant sum of her own money in NWBO - fact, so have retail and institutional investors. We also know that her private company Cognate has taken back out 10 x what was put in and because we don't know of the details, you can't say whether she is ahead or behind in her personal investment. FACT
This wasn't said so it didn't require a response;
The short position is a fact
Woodford has invested around $130m - fact
The letter from NW to NWBO re new board appointment mentioned previous discussions - fact
Phase five remains a mystery - fact
Malik is a biotech expert based in the UK - suspended on full pay - NW is a UK based Biotech investor - fact
NWBO have already issued a PR mentioning unusual trading activity - fact
Without NW NWBO would rely on a public raise - the shorts way out - fact
I just join the dots up to reach my own conclusion
This is what you really posted......
NW backs NWBO and backs the science 100% - That is not fact, actually he obviously has some concern based on his call for an independent BOD member and an idependent investigation. He also said he wasn't aware of the allegations before his last 30m investment.
The board of NWBO will approve the appointment of Mr Leary which was pre planned and agreed prior to NW's letter. NW's letter is just going through the formalities. Not fact. Although Mr. Woodford mentioned in his letter that they had agreed upon a new independent member, his letter would lead me to believe it wasn't happening fast enough and then chose to apply public pressure and file with the SEC as an acive investor.
Malik was set up and will be proved innocent by Mr Leary ( Malik being UK based probably brought NW to the table originally ) and that sunk the shorts and getting to him is an attempt to shake NW but it will fail completely. Absolute speculation. You have no idea if the allegations are true or false, that's what the investigation is for.
Mr Learys reputation and independence will kill off the rubbish being spewed by AF / Phasefive once and for all. Sepculation. His reputation will bring confidence that the serious allegations are being investigated thoroughly.
Manufacturing operations in the UK are being built ( and I've seen it with my own eyes ) so that speaks volumes as you cannot get approved and gain world wide acceptance without the means of delivery and they are 100% doing that. No offense but I'd like to see the proof rather than taking your anonymis update. Did you take pics?
Any silence by the management is because they are working night and day to see this to approval and part of this process leaves them gagged from publicity. Silence is a good thing as something is obviously going on. Nobody at NWBO us scratching their loose change. They are doing things by the book and sometimes that creates fear...ammunition for shorts. Speculation, Yoi have no idea what they are doing as they don't update shareholders. As Mr. Woodford said, transpernecy is of great importance (paraphrase) not silence
Cognate will manufacture at market rates and the deal with them is no sweetheart deal. It saved NWBO and we should be thankful for that. It's an Arms length transaction - FACT otherwise LP would be going to jail. Speculation again. You don't know the details so there is no way you can state this as fact. You also have no idea if it saved NWBO.
I disagree Turtle. I think this is positive no matter what for NWBO. If there has been no wrong doing, everyone will know it through a fair and transparent investigation and I would think the company would be pressured to act with greater transparency moving forward. If there was wrong doing, it will be rectified, we'd probably get a new Executive Team, and things will be handled with greater transparency moving froward. Win win!
Maverick,
Thanks for your back history on our angel financier Dennis Mehiel. And also thanks for reprinting that info about healthy living. I plan to add those books to my Christmas list.
I, too, was going to ignore the Phase V tome, but the fact that people in the mainstream are taking it seriously and at least one person, Malik, has suffered by having been put on paid leave from him job, means we have to pool our resources and find the truth. Yes, there are a few investigations ongoing, but it may be many months before we hear anything formally. In the meantime, the shorts will have a heyday by quoting Phase V as fact and using its fiction to spread fear among NWBO supporters.
So, please let us know if you have any other interesting facts you've found over the past few years that can help debunk this short tome attack. In particular, I'm wondering if the claim that Linda has accrued $150 million off of NWBO financial dealings can possibly be true in light of the fact the shares have been heavily diluted twice with reverse splits.
Any thoughts?
Yes my speculation was that Malik hooked NWBO with NF and NWBO appointed Malik to the board as NF's informal proxy on the board.
As somebody speculated, it’s quite possible that Linda and NW were hooked-up by Malik. After all, he is a star bio-tech analyst in Europe and NW being a prominent healthcare investor are very likely to be familiar with each other. In that sense, yes, it’s possible that Malik might have arranged financing for Toucan/Cognate in 2012 for which he might have been paid. Which investment banking house on Wall Street does not write favorable research reports on companies that use them for financing?
Technical Reality Check of NWBO vs your other Biotech holdings:
Take the link furnished in this post:http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118776515
AND also use the related commentary to assess your other biotech holdings by inputting biotech symbol.
I have always expanded, like you should, in adding other skill sets or tools by which to expand beyond one's supposed trapped mindset. Opening the mind via this adventure hopefully opens future vistas.
Perhaps you will find, after careful analysis of comparable biotechs not developED ones like GILD, ABV; BMRN; etc but other immuno-oncology plays or similar market cap ones.
Undergoing the above exercise, NWBO was NOT my weakest biotech holding! nor my strongest one! diversity in a biotech portfolio is highly recommended by seasoned experts in the field given the ultra dynamics at play for most all emerging ones.
It should have traversed everyone's noggin:
With Neil Woodford's influence as well as Ondra Ptnrs as retained financial /PR advisors to CEO LP that EACH or BOTH could have either strongly recommended what many have been disappointed about: the ABSENCE of a Wed pre-Thanksgiving Press Release from CEO LP.
Perhaps the effect of a NWBO PR was considered UNWORTHY given the Tues 5:30 PM weighty release by Woodford Investment Mgt.... or better yet... not give the impression that CEO LP is succumbing!
OR
1.Most of investing audience off alread for LONG Thanksgiving holiday altho that was not apparently the case with NWBO 472K traded vs typical 370K.
2.From an institutional standpoint..... "With such a weighty Woodford announcement late yesterday....let's play defensive and see how much and at what price points selling comes in and if there is a continued appetite to buy in size and at what price points."
Since no one has even barely mentioned any of the above, given what I clearly perceive as a real lack of insight let alone experience with dealing with public companies, I still find reinforcement for my:
"Different Strokes for Different Folks"
Just a thought for All: especially those persistently super critical peanut gallery ones ........could never do wrong........ because they rarely if ever go out on the ledge with a post! preferring instead the comfort of target shooting , just like those MANIPULATORS as their modus operandi (MO).
Oh it can be very true brad! They probably already know alot about whom and where it came from!??????
My First Doubt on Flipper'a post ....captured your attention!
........ just BORED with posts:
http://www.healthaliciousness.com/articles/high-tryptophan-foods.php
First posted two Summers ago on Four M Partners founder & billionaire and large NWBO shareholder Dennis Mehiel. The below posts IF anybody read them would have been tipoff and why when FourPhase Tome of their TOMB came out my response was don't have the productive time to counter MANIPULATORS work by devious distortions or the other nonsense that flushes thru this board of not amply fortified mindsets:
maverick_1 Sunday, 08/03/14 05:56:56 PM
Re: maverick_1 post# 16471
Post #
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Dennis Mehiel Ownership History contained in
Self Responded Post 1484
I see him as an ANGEL INVESTOR just like how Jeff Bezos was literally very early in seeding Googles Sergei Brin and Larry Page:
That initial seeding by Bezos is worth a few $BLN!
Four M Purchasers(Dennis Mehiel) is up easily more than ten fold in 3 yrs and that's before the pending DEFINITIVE NEWS.
So we thank Basin Street Blues (BSB) who prompted this rewarding excursion for the community.
Had BSB not expressed his frustrationS (post#16356)I wouldn't have posted it(Post#16367 BASIN You are NOT ALONE)
Fortunately I pride myself on recall and putting a mosaic together and even though I was late to tennis it was spontaneous thinking on my feet.
maverick_1 Monday, August 04, 2014 10:58:23 PM
Re: maverick_1 post# 16498 Post #
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Addendum to Dennis Mehiel 11% owner of 3.9 mln shs worth ~$25MLN
This part of what I posted yesterday I'm leaning towards
Changing this:
Four M Purchasers(Dennis Mehiel) is up easily more than ten fold in 3 yrs
TO this:
Four M Purchasers(Dennis Mehiel) may be somewhat under water with
it's NWBO investment to reflect the Sept 12, 2012 1 for 16 Reverse
Stock Split
Note: Until one labors through the transactions like a true FORENSIC,which I'm not inclined to currently,I rather err on the side of conservatism since it's still a very small part of his net worth and it's his business and it would NOT sway me one way or another: what is his cost basis? Regardless the guys clearly a very successful serial entrepreneur with a long term perspective as evidenced by his close to 40 yrs building US Box selling it to International Paper as well as 6 yrs with Sweetheart Cup selling to competitor Solo Cup. IMHO he won't sell until the time is right and he deems he's made enough money
maverick_1 Sunday, August 03, 2014 2:21:47 PM
Re: XenaLives post# 16474 Post #
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There is HOPE
IMHO Liken to Jeff Bezos(AMZN) seed $ to Sergei Brin/Larry Page's (GOOG)
That's why I BOLDED those two innovative ventures that Dennis Mehiel controls!
As to your comment title: Mehiel - all good so far - Lord help us, is there hope for ethical business in this country???? This man has clout and it is not purely political IMO. See bold.
That's why I selected that page back in Feb and only posted last night.
Addressing First:
Dennis Mehiel Chronology w/NWBO
NWBO withdrew it's S-1 (File Number File No. 333-178740) filed with the Commission on December 23, 2011 and accepted the following from Dennis Mehiel (Four M Purchasers) Purchase Agreement November 14, 2011, amended on December 8, 2011 and January 6, 2012
From Nov 2011 8K:
On November 14, 2011 the Registrant entered into a loan agreement with an existing non-affiliate investor for a loan in the principal amount of $2,000,000. The interest rate is 6% per annum and the maturity is 6 months after closing (May 16, 2012). The loan is not convertible. In connection with this loan, the Registrant issued the lender warrants to purchase 1,052,632 shares of the Registrant’s common stock, par value $0.001 per share (the “Common Stock”), at an exercise price of $.57 per share and an exercise period of five years. The Registrant will use the proceeds for general corporate purposes, including particularly for the ongoing clinical trial of DCVax® for Glioblastome multiforme (GBM) brain cancer.
Also in connection with this loan, Toucan Capital Fund II, L.P. and Toucan Partners, LLC agreed to pledge an aggregate of 6,415,613 shares of the Registrant’s Common Stock that they own as security for the Registrant’s repayment of the loan. To effectuate the pledge, on November 14, 2011, the non-affiliated investor, Toucan Capital Fund II, Toucan Partners and the Registrant entered into a Security Agreement and Escrow Agreement. Toucan Capital Fund II, Toucan Partners and the Registrant intend to enter into a compensation agreement in due course, for compensation to Toucan Capital Fund II and Toucan Partners for their pledge of the shares.
On November 16, 2011, the Registrant entered into a convertible loan agreement with an existing non-affiliate investor for a loan in the principal amount of $444,444.44 The loan accrues interest at the rate of 4% and is due 2 years after closing. After a 10% original issue discount, the net proceeds to the Registrant are $400,000. The loan is convertible into shares of Common Stock of the Registrant at a 10% discount from the market price at the time of conversion.
On November 14, 2011, the Registrant entered into a purchase agreement with an existing non-affiliate investor for the purchase of the first $3 million of newly-issued shares of Common Stock under the Registrant’s pending equity facility. This purchase agreement is pursuant to, and will implement a portion of, the purchase agreement previously entered into by the Registrant and Toucan Partners for an equity facility under which the Registrant may issue up to $25,000,000 of registered, tradeable shares of Common Stock over a 30-month period.
The shares to be issued in accordance with the equity facility will be registered pursuant to one or more registration statements, and the 30-month period will begin on the effective date of the first registration statement. Any use of this equity facility will be solely in the Registrant’s discretion. Upon notification by the Registrant, the investor will be obligated to purchase a specified number of shares of Common Stock based upon a backward-looking, fixed price formula of 95% of the average of the 3 lowest closing prices of the Registrant’s Common Stock during the 5 trading days prior to the Registrant’s notification date. The amount of Common Stock in each such purchase transaction will initially be $150,000 per transaction, and, based upon the stock price and trading volume of the Registrant’s Common Stock, the amount may rise to a maximum of $1,000,000 per put. The investor will also receive a fee of 5% on the sales of shares under the facility when the sales are executed. The term of the agreement with the investor will be six months from the effective date of the registration statement filed for this tranche
As to
Lord help us, is there hope for ethical business in this country????
As I see it:EXCESSIVE GREED is the PRIME CULPRIT w/o checks/controls
HUGE ISSUES w/dominant sectors of US Economy:
1. FINANCIAL SYSTEM: Way too dominant courtesy of repeal of Glass-Steagall act
which shouldn't have happened and literally allowed the merging of securities firms with that of plain old banks engendered a period of GREED with massive issuances of complex derivatives; toxic sub prime loans etc etc and put not only the US but the entire worldwide economy at risk! But no matter what I said to many I did not sway those of the peaking of real estate back in 2006-2007! save for one gifted Bible school compatriot who thanks me profusely: sold his house at the top of the SDO mkt; used the proceeds to pay off his large student loans (went to Med School) and credit card debts is an ER doc/prof. now @ Duke!
2 FOOD/FAST FOOD Cos causing growing health issues worldwide:Their UNHEALTHY brew of carb laden highly processed; sugar toxic offerings has accelerated Body Mass Index to off the charts and sets up costly & worrisome diabetes issues for even pre-teens. These 3 NYT's best sellers are worth it's weight in gold for you: 1)Eat to Live by Dr Joel Fuhrman 2)The Brain Healthy Way to Get Thinner, Smarter, Happier (2011) by Dr. Daniel Amen. 3)Clean and Clean Gut Dr. Alexandro Junger
Fortunately, I've practiced most of what each of them have espoused my entire life BEFORE I even known them to be an issue! Have NO Medical Record: never been in a hospital; BMI ideal: still fit Wall St. suits! You can REVERSE lots of ailments: ie Dr.Fuhrman's program of nutrient dense vs caloric dense diet has resulted in healthy lifes of sustained weight losses as well as cured close to 30 LUPUS (a fatal auto-immune disease)patients! Dr. Junger's DETOX is critical first step to clean up our GUT and restore our digestive system to the way it should function.Finally a growing awareness by leading Doctors of alternative simple inexpensive therapies vs costly doctor/hospital visits. In a similar vein doctors are gravitating towards the benefits of restoring the immune system to deal with afflictions. That's why each of us needs
to deal with it ourselves daily: by eliminating foods that cause inflammation the start of most every health issue.You will have a healthy, full of energy life instead of suffering or consequentual damages.
3.HEALTH CARE SYSTEM/b]: Is the largest factor for personal Chapter 11's
Large Expose` by acclaimed former Times Mag editor/writer citing even filling a prescription in the same city can have wide ranging costs (sorry can't remember the author)
http://www.cbsnews.com/news/hospital-costs-can-vary-more-than-200000-for-same-procedure-government-report-reveals/
4.EDUCATION SYSTEM needs Massive Reform: Philantropists, especially the 1% donate typically a large part to this key area:
Bill Gates
Eli Broad (Kaufman & Broad)
Paul Tudor Jones: exemplary commodities trader/PM and his Robin Hood in NYC
Ken Langone (Home Depot co-founder)
even Mark Zuckerberg (Facebook)
Stan Druckenmiller(formerly Soro's Quantum Fund mgr) in 2009,was the most charitable man in America,
5.HIGHEST IN THE WORLD CORPORATE TAX RATES: known to me since early 2000 period has resulted in the acceleration more recently of corp. tax inversion strategies due to dysfunctional political system
6. Leads to why I never registered as a voter:
I have better uses of my precious time vs dealing with politics:
You can talk to you are BLUE IN THE FACE and it's formidable
INERTIA.
A MAVERICK TO THE CORE
Respond | View Replies (1)
maverick_1 Sunday, 08/03/14 12:02:38 AM
Re: Evaluate post# 16384
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Dennis Mehiel 11% NWBO Owner OWNS CXCR-4 Patent
That's my reading of what some have glossed over: I almost
did as well!
So avoid getting excited and save your time and energy.
I'll post the details in the next rather lengthy post to highlight what I find significant about Dennis Mehiel a SERIAL, DEEP POCKETED ENTREPRENEUR!
Lots of very good discussions here on the PhaseFive report. Wanted to share my musings too:
It’s a 60-page report, but only the first 22 pages are worth focusing on. The sections on internet bloggers supposedly being paid by NWBO to promote the stock and recruit people for trials, manufacturing facility in the UK, and the science (which even a science-dummy like me can see is utterly contrived) are at best the worst kind of speculation and at worst, utter nonsense.
I’ll comment a bit on those sections that may be cause for legitimate concern. The payment of $5 million to Navid Malik does raise serious issues of integrity and corporate governance. As somebody speculated, it’s quite possible that Linda and NW were hooked-up by Malik. After all, he is a star bio-tech analyst in Europe and NW being a prominent healthcare investor are very likely to be familiar with each other. In that sense, yes, it’s possible that Malik might have arranged financing for Toucan/Cognate in 2012 for which he might have been paid. Which investment banking house on Wall Street does not write favorable research reports on companies that use them for financing? Moreover, if this was a shady deal between Linda and Malik, why would it be on the public domain for Phase Five to discover? It could be an ethical issue between his then-employer and Malik, and Malik being a NWBO director should raise concerns for us. I think this is why he has been suspended (with pay) by his current employer until details can be sorted out.
The points regarding the Conversion Price Agreement and payments to Cognate for manufacturing services are fair questions to ask. I have pointed out before that external audits (which NWBO is subject to as a public company) must and do look into related-party transactions to ensure that they are at arms-length. Nevertheless, I’m glad that we now have Elliott Leary who will for sure also dig into these transactions. I agree that this is a good development for us and is in NWBO’s best interests given Linda’s conflicting interest in Cognate. Elliott will for sure tighten corporate governance. By the way, I’ll point out again that the accumulated losses of NWBO are less than half of what Dendreon accumulated at the same stage of development (Pyrr and I have dueled over this).
As for the questions on patents, I’m just wondering, would NW have looked into the science and clinical trial developments as part of his due diligence? I’m sure he did. Would he have known about Linda’s relationship to Cognate/Toucan as part of his due diligence? I’m sure he did. Given Linda’s relationship to Cognate, and NWBO being a clinical stage company, as part of his due diligence, would he have made sure that the patents were in the right hands? What do you guys think?
One final thought. NW did not choose an individual. He chose a firm. Why didn’t he just go to an audit firm or a law firm to dig into these allegations? Why do you need former FBI agents for this? I believe NW and Linda have already spoken at length about these allegations. I believe his motives are two-fold: he wants to get to the bottom of the related-party transactions and the payment to Malik. Then he also wants to get to the bottom of who are the individuals behind these allegations and their motivations. This second part will require former FBI-agents and the favors they can call in to their current FBI pals in order to use the vast surveillance and tracking resources of the FBI (okay, this last part is wishful thinking, but I hope it’s true).
The important point here is that NWBO did nothing illegal, as charged by Phase V, when they used their patents as collateral. They reported it in their 8K and quarterly reports and followed through at the patent office. They didn't hide anything. Remember that if Linda knows anything, she knows patent law....She helped European countries write their patent laws. That's in her bio. She's not going to do it wrong.
Good question, exwannabe. I haven't found the details of the agreement, only that the $500,000 loan was a part of a multi-million financial agreement that involved warrants. I'm sure there is a signed agreement somewhere that stipulates exactly how and when NWBO gets its patents back. I will continue to try to find this out.
We know they have received patents back from Toucan because I saw them as "released" back to NWBO on the US patent site. So we know it happens.
This deal with Four M is my first run at the Phase V attack. And it's very, very wrong. I figured that out in about 30 minutes. No wonder no one put a name to this blog. It's sloppy journalism...., actually it's not journalism at all, just info twisted to look like reality to those that don't look for themselves.
There was a transfer to Mederax back in 2002 that involves a prostate patent that looks to have been updated several times. This appears to have been an actual transfer, but it looks like very old patent info.
Perfectly expressed. I 100% agree. A good book to read is "Guard Your Tongue"
Speech can be so harmful. The accusations and speculation may be costing people their lives and goes a step beyond merely not getting your way on a trade.
NWBO's management's choice to not speak might be viewed differently if seen through the lens of the laws governing speech. What is happening here reminds me of "A Pillow Full of Feathers."
Don't get so lost in the money that you forget about the essence of what DC vax may offer someone- a chance at life.
Must....set.....alarm....tryptophan....zzzzzzzzzz.
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“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
~ Winston Churchill
Stylized Dendritic Cell featured on NWBO board since 2015
- Dr. Linda Liau, PhD, MBA, Professor and Chair, Department of Neurosurgery, David Geffen School of Medicine at UCLA
Clinical Trials
DCVax®-L to Treat Newly Diagnosed GBM Brain Cancer (NCT00045968) - Phase III (Double Blind)
UK (MHRA): DCVax-L to Treat Newly Diagnosed GBM Brain Cancer (EudraCT#) 2011-001977-13
DE (Germany - PEI): DCVax-L to Treat Newly Diagnosed GBM Brain Cancer (EudraCT#) 2011-001977-13
Expanded Access Protocol for GBM Patients with Already Manufactured DCVax®-L Who Have Screen-Failed Protocol 020221 (NCT02146066) (Expanded Access)
Safety and Efficacy Study of DCVax-Direct in Solid Tumors (NCT01882946) - Phase I/Phase II (Open Label)
UK Clinical Trials - Study of a Drug (DCVax®-L) to Treat Newly Diagnosed GBM Brain Cancer
EU Clinical Trials for DCVax-L - Phase III
Dendritic Cell Vaccine for Patients with Brain Tumors (NCT01204684) - Phase II - at UCLA - Randomized (Open Label) testing DCVaccine with Resiquimod and DC Vaccination with Adjuvant polyICLC
Pembrolizumab and a Vaccine (ATL-DC) for the treatment of Surgically Accessible Recurrent Glioblastoma - Phase 1 (NCT04201873)
Dendritic Cell-Autologous Lung Tumor Vaccine (DCVax-L) and Nivolumab in Treating Patients with Recurrent Glioblastoma - Phase 2 (NCT03014804)
Dendritic Cell Therapy for Brain Metastases From Breast or Lung Cancer (NCT0368765) - Phase 1 - Collaborator: Mayo Clinic
Announcement of DCVax-L and Anti-PD-1 Monoclonal Antibody (Pembrolizumab) for Patients with Liver Metastases of Primary Colorectal Carcinoma Phase 2 Trial - November 17, 2016 - University Medical Center (UMC) of the Johannes Gutenberg University of Mainz
Cognate Bioservices - Owned by Charles River Labs
Website
Company Contact Info
Investor Relations:
Les Goldman (Company) (202) 841-7909 lgoldman@nwbio.com
Sign up for Northwest email list here (hit the subscribe to email list button in the lower right)
Company Headquarters
4800 Montgomery Lane, Suite 800, Bethesda, MD 20814 (240) 497-9024
NW Bio is developing cancer vaccines designed to treat a broad range of solid tumor cancers more effectively than current treatments, and without the side effects of chemotherapy drugs. NW Bio’s proprietary manufacturing technology enables them to produce its personalized vaccine in an efficient, cost-effective manner. NW Bio has a broad platform technology for DCVax dendritic cell-based vaccines.
Their lead product, DCVax-L, is currently in a 331-patient Phase III trial for patients with newly diagnosed Glioblastoma multiforme (GBM), the most aggressive and lethal brain cancer. This trial is currently underway at 69 locations thoughout the United States, Germany and the United Kingdom. NW Bio has also conducted a Phase I/II trial with DCVax-L for late stage ovarian cancer together with the University of Pennsylvania.
Their second product, DCVax-Direct, is currently in a 60-patient Phase I/II trial for direct injection into all types of inoperable solid tumor cancers, with trials currently being conducted at both MD Anderson Cancer Center in Texas, as well as Orlando Health in Florida.
They previously received clearance from the FDA for a 612-patient Phase III trial with its third product, DCVax-Prostate, for late stage prostate cancer.
DCVAX Survival Stories & Testimonials
Alice - Metastic Merkel Cell patient from Florida - ASCO 2018
Brad Silver - GBM patient from Huntington Beach, California - ASCO 2018
Sarah Rigby - GBM patient from Hong Kong - ASCO 2018
Kristyn Power - daughter of GBM patient from Canada - ASCO 2018
Kat Charles - GBM patients from UK - ASCO 2018 - as related by her husband Jason (Kat's Cure)
Prospective patients may contact NW Bio at patients@nwbio.com
UCLA Jamil Newirth DCVax-Patient Video - 2015
Allan Butler Video - National Geographic Vice President - DCVax-Direct patient from Phase 1 Trial with Pancreatic Cancer
NWBO - Patients Sunday Dennis and Jami Newirth - Enrolled at UCLA - Vimeo, Uploaded approx. May 2015
NWBO - Vaccine Helps Keep Brain Cancer Patient Alive (Jennifer Sugioka) - NBC Channel 4, Southern California, February 24, 2015
NWBO - National Geographic's Allan Butler Stage IV Pancreatic Patient using DCVax-Direct at MD Anderson
NWBO GBM Brain Cancer Survival Story of Mark Pace
Presentations
UCLA Agreements
Prostrate
DCVax-Phase II
DCVax-Booster
Upcoming Events
Videos
Linda M. Liau, MD, PhD, MBA - April 24, 2019 at University of Washington, Neurosciences Institute
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