Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thank you, everyone, for the latest updates. The lawsuit was a shackle that we've now tossed aside. LocWolf, once the stock takes off, your wife should let you keep enough of it to have another run at another spec. Just be sure to pocket some profits so that your wife will be happy.
I sent Alan Hauser an email a few minutes ago, asking him for any information he could provide about the future of Health Discovery. I told him that I post on this message board as ou71764 and that other long time shareholders also post here. I'll post any response I get.
It costs $ to issue a PR. Cash isn't our long suit at the moment. So I doubt that we're going to get a PR. The next thing we'll probably see is another filing. With any luck all the financial statements will be brought up to date.
Trading can't commence until the financial statements are current. That's what I'd like to see next, the financial statements brought up-to-date. It that happens, and why would the new CEO take the job if that wasn't in the cards, then things could be rolling. So I log on every day to see if trading has resumed so I can buy a little more.
If nothing works out, so be it. But it is fun to see the potential for a sub-penny stock come back to life. I have no clue what to expect, but given that news of the new CEO came out of nowhere, I think more good news is coming.
LocWolf, you've been a bulldog at digging into everything related to our investment here. I appreciate your effort all these years! Even when you accidentally butt dialed me several months back!
So, given your relentless quest for information...have you found Alan's phone number so we can start calling him? Or the numbers of board members Colleen Hutchinson and Edward Morrison? "Someone knows something" - and shareholders have been in the dark.
Hats off to you, Chazzy, for not giving up all these months! I just wish we were trading so I could add a few shares. I wouldn't go all out until I knew more, but just based on the filing, I'd buy some more.
This is a bizarre turn of events. "Following an extensive search, the Board of Directors hired Dr. Hauser..."
So while we were all wringing our hands and waiting to see if the stock would still be in our brokerage holdings, a lot was going on. Nice of someone to tell us!
And this: "Alan has an ambitious plan for Health Discovery, the implementation and scope of which will serve as a guiding framework for the foundation of a successful future for this Company.”
This doesn't sound like desperation - it sounds as if something concrete is happening (or has happened) that makes the upside very great. I'm wondering "what" is causing all the optimism. Whatever it is, they think it's big..."ambitious plan."
I doubt that Intel owes us more money. I think that deal is final. But who knows, maybe we're partnering with Intel. But they've got to get the financial statements updated so we can start trading again. And then we are owed a detailed update. But whatever is going on, this is welcome news.
Sweet Mother of Pearl! I wasn't expecting this but I think it's very good news!
I think the date and day of the meeting are positive. The rule of thumb is that companies like to release bad news over weekends when the market is closed and it gets less attention. But that isn't the case if shareholders are staring you in the face.
It's more likely that there will be positive news at the ASM that will burn shorts who may be off on an extended holiday break.
Regardless of whatever transpires at the ASM, if anyone wants out IMO you're going to get a better price than .44 sometime this year. I'm well aware of the financial and communication limitations of NWBO and its management. But glioblastoma is a major unmet medical need, and has a legion of respected professionals offering positive opinions on DCVAX.
It might not get approved, and if it does (as I expect) it might not go to the moon. But .44 isn't a place to bail.
Hi Chazzy,
It is odd that we're still eligible for trading on the Expert Market. After the communists deposed the tsar in Russia, the bonds issued under the tsar's regime still traded, for a few pennies each, for decades. I hope that's not what's happening here - a few dealers making long odds bets, "just in case."
From the line in Simon and Garfunkel's song Hazy Shade of Winter, "Hang onto your hopes my friend..."
I just placed a buy order in my Schwab account that has no NWBO shares in it now (my shares are in Fidelity). Schwab accepted the buy order. However they did also charge a commission. Maybe there's an agreement that I signed years ago that I accept the risk on OTC stocks. Not sure. I don't know why other people can't buy shares in their Schwab accounts.
We haven't heard anything for one of two possible reasons: either everyone has packed up and gone home, so there's no one left to issue the news that the company exists in name only.
Or possibly there's a deal being finalized behind the scenes.
I will admit that I didn't think the stock would still show up in my brokerage account at this point. So who knows, maybe Chazzy has the right take. I'm not optimistic, but there's no harm in hoping for the best.
I'm still long. Not as much as some but nonetheless, still long. It's a speculation and everyone should take that into consideration when assessing the size of their investment. Negatives are real, dilution is a reality, mgt doesn't take questions.
I am long because there are prestigious medical professionals who have publicly stated positive statements about the therapy and the trials. GBM is a massive problem. The bar only has to be raised a little for approval to happen.
Good luck to all longs, even those with small positions like me.
Best wishes on your therapy. Sorry that you have to go through it.
Chazzy, I think I missed your explanation on how HDC could not disclose a large settlement. Or if they were still working out the details, there would be no reason to issue the statement that they did, until it was settled.
I think he said it was a great experience to take the high road. To me it's fluff.
As for why Intel wouldn't give up their right to sue, and HDC did, it probably was the only way Intel would agree to settle for any amount. I believe the $2+ million was all Intel was willing to give up, and HDC took it because they had no other options.
I hope there is a "secret deal" but I'd put the odds of that at 0%, rounded to the nearest whole number. If there's another announcement I think it will probably be that the stock ticker symbol HDVY is being retired and to consult your broker for more information. Or I might log on to my account some day and where HDVY used to be, instead there will be an asterisk, referring me to a message about stocks that no longer trade.
Pity those (like me) whose shares are in an IRA so there's no tax write off. For those saying there's more good news to come, I'm rooting for you. Anyone who holds shares wants you to be right!
I certainly hope that there's more to come. But I fear that the money that was won has already been disbursed and that's all there is - so the stock will cease trading in any manner permanently, very soon.
I suppose it's possible that the $2 million was a partial payment. Like everyone else I'm hanging on until we see the final outcome. But I don't know why they'd only announce the $2 million and not disclose that there's more to come, if that were the case.
And my shares were all purchased in an IRA, so I don't even get a tax write off.
I agree with your historical summation, Zenos. But can you clarify why you think, "If the post-Barnhill strategy was to allot all company resources to go after Intel, then it looks like it might actually pay off." Since we've already settled with Intel, why do you think it can still pay off?
Chazzy, I'm even less original than you suspect. From 1998 to 2000, I was doing contract work for a company. That company assigned logon ids so they could control what systems people could access. They gave me ou71764 as my id on their systems - the "ou" stood for "outside user." I don't know if the numbers had any meaning.
Anyway, having no better ideas, I just used it when I set up my online id on yahoo, and then used it elsewhere thereafter. So the numbers mean nothing to me, and "ou" isn't significant to me either. My birthday is in December, lol.
SOOOO...things look bleak for our investment, but ya never know...
Chazzy, I wholeheartedly agree that LocWolf has been a friend of shareholders. He both posts publicly and sends personal emails - he's done far more than anyone else here (by a factor of 100) as far as I am concerned.
You made reference to formerly moderating here. I was a friend of Karl S., whom (as I recall) you talked with him frequently back in the day. I talked with him from time to time. Class act. His passing was very sad to me.
This is a snippet from an email I sent to Karl early in 2014: ..."Of course I remember Chazzy. Good guy. He briefly moderated the I-HUB message board in the middle of all the chaos and tried to do a good job."
I think your name shows up as early as 2011 in my old emails to Karl. You migrated to Raging Bull I believe. I primarily posted on Yahoo back then, but I probably threw out a post or two on all the mb's because I had a large investment in HDVY - I thought it was the real deal. The prostate test was the holy grail as far as I was concerned, but there were other potentially big applications.
My desire to have HDVY pay off so I could retire early has become moot. I retired in 2015 w/o it going to the moon. I would welcome anything above its current price of .0002. I'm more than ready to move on. Just sad that any old timers didn't get a big payoff.
Other than the money investors lost, and the years anyone spent following this tragedy...how was the play, Mrs. Lincoln? I'm guessing that Intel's own attorney fees all these years cost them far more than the settlement. Of course had Intel wanted to make a deal 10 years ago, HDVY would have wanted far more. So it was logical for Intel to drag this out.
What's the timeline for HDVY not showing up in my brokerage portfolio list every day when I log in?
I agree with you, LocWolf, that option #3 isn't likely. But we will hear something from someone. If the attorney and other fees were greater than the settlement, and the company is dissolving, at the very minimum our brokers will have to notify us that the ticker symbol no longer exists.
But that would definitely be disappointing. And possibly illegal. But if the company has no money there's no point in a shareholder lawsuit.
I haven't ruled out option #2, that the company is going to dissolve and we are all ending up with something. If that is the case, it will take time to make sure that all the legal requirements are met, and that they have all the calculations are correct. That can't be done overnight.
Thanks, LocWolf, for your diligence in keeping us informed for years on any development. Things seem to finally moving a successful conclusion. I agree that we owe McGovern a lot in order to get this far. Thanks to everyone for their comments. I don't have any insights to add - I'm just waiting for news.
You raise some interesting ideas. The things we don't know seem to keep growing. I don't have a guess on any of it.
I wonder if they were advised by their attorney to not be present at the meeting. It wouldn't be indifference, I hope. At least now the expectations are set. We definitely want to stay on the judge's good side.
Getting the stock trading again is important to all of us. I would have to think it would also be to George and all of them as well. Once Vennwest gets their board members seated I hope there's a big push to get the filings current.
Marty should be willing to assist with the filings. And for that matter how difficult can it be to prepare them given that there's no revenue and no business being transacted. All they really need is the outstanding shares and the disclaimer that unless they win the lawsuit, the shares are worthless. If they don't do the filings it's almost an admission that they think it's likely a lost cause and they aren't willing to cough up the cash.
.
My view from a very high level. A number of the critical comments are warranted. Nonetheless, this is a therapy with a high degree of safety for a large unmet medical need - including a number of high profile people who have died from it. The trial design wasn't ideal, but a number of professionals have endorsed it. This will move the bar on treatment options, and thus IMO will be approved. When and by whom, I don't know. And I have no opinion on what the price will be, other than "higher."
LocWolf, thanks for the info and keeping us up to date on developments. I wish I could hide HDVY from my screen when I log onto my brokerage account. Maybe things will still work out, but I suspect we're toast.
I hope that the reason for Vennwest wanting the board members would be so they could have a say on the terms of a settlement/buyout. It seems bullish that they would want the seats.
I'm willing to wait as long as it takes for them to iron out the details of a buyout. I hope that's where it's headed. I agree that it's best to keep expectations low on a buyout price
And is Vennwest doing what the rest of us are doing...waiting for Health Discovery and INTEL to make their deal so they can finally walk away with some money?
I realize this is a complicated lawsuit with a lot of interested parties - so if they are working out a deal, that it will take time to cover all the legalities. But buyouts are common on Wall Street. I would think that they should be close to announcing a deal - or if the buyout talks have failed, setting a trial date.
And then it surged from there, closing at .0003. It sounds better to say the stock tripled in one day, than it does to say it rose .0002 cents.
LocWolf,
Thanks for all you do to keep us updated. I agree that the time is right to submit the filings and to get trading started again.
I don't know how much HDVY might win, but the company isn't a going concern. I've never owned a stock in this situation, so this is just my assumption how it will play out. If there's an award, then the company will give the attorneys their cut, pay the outstanding bills, and then do a final cash distribution (of what's left) to the shareholders and close the door permanently.
I received the audio. Very helpful, as is your explanation. That doesn't mean that I understand all the possible legal outcomes! But what choice do any of us have other than to patiently wait for a conclusion to this saga...
Can someone explain in layman's terms what is going to happen on the 17th, and what the possible outcomes are. TIA.
I can only hope that the parties have asked for more time because they are negotiating an out-of-court settlement.
I'm guessing it was for tax purposes. I doubt that something significant happened at the end of the year in a holiday week, with Monday being another holiday.
But whatever it was, my 60,000 shares are now worth $6. We sit in a vacuum with no news and no idea when we'll any news, and if the stock will ever trade freely again. But since the most I can lose in 2023 is $6, the risk/reward is favorable.
Zenos and Loc, thanks for your responses. This is a company with an interesting history. Not profitable, but interesting! Early in the year I was expecting to be done with HDC - good or bad - by the end of 2022. I keep all my investments on a spreadsheet - it looks now that I'll need to copy everything regarding HDC onto my 2023 spreadsheet. But 2023 is it for me.
So whatever happened to the prostate test? Neogenomics never rolled it out. I assumed that the test had some deficiency, and no one is using it. But I never knew if there was an official explanation.
And thus I have also assumed that the Intel lawsuit has nothing to do with the prostate test, but I don't know what the Intel lawsuit is based on.
re:
Not sure how I became 812. But yes, I'm still here. Still long. Someone back then questioned how I could be long and predict a low price. It's a probability game. If there's only a 25% chance of a big payoff, that means it isn't the most likely - but if it does come through (and it still could) the payoff could be enormous. And it isn't year end yet, so a lot can still happen.