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GuruGary's writing in his sleep again.
They brought it Guru Jean Davis to clean things up but then she left. Even PR'd her coming on board but then never mentioned she cut out. You'd think with that amazing options package LP says is meant to retain quality employees that she'd stick around. Eye rolls.
Steve Jobs showmanship was legendary. Linda Powers hasn't been seen in five years.
Legacy shareholders down 99.X% as governance was in the shitter all those years.
So approval then a restructure then Advent takes over. You can applaud that, I guess.
Not a word by anyone here as to why two lawyers with interest in two private CDMO's would avoid signing a new employment agreement that protects the company against a number of IP issues.
Not true at all. I have primarily two concerns with NWBO. Atrocious governance and a suspect Plll.
If you're truly concerned about the well being of GBM patients then you must admit (if you really believe L works) management should've sold DCVAX long ago putting it in more capable hands.
>>but you have 1000 other concerns
LOL. But I do think LP is feeding the disciples a story to excuse not having a commercial ready team in place because they're going the "Franchise model" route.
KIPK? You figure out a way around the IP security again?
Yes, renting a quarter share summer house.
>>The good majority of our investors are currently retail, not Wall Street.
Yeah, no.
>>And I’m sure those that show up are capable of asking tough questions.
Pretty much sums up Wall Street. Point is there will be nobody showing up in person to ask the tough questions. Probably very few will even tune in especially based on the limited business before them.
>>so if you’re the type that is fortunate enough to vacation for 3 months in the summer
Wow!!! ...You really got me with that one! You must've been sitting on that for a while just waiting to unleash. LOL. Classic distraction.
Has LP assigned herself to patents? Does the company's employee contract stipulate that only the company can be assigned patents? Did LP allow her employee contract to expire? Replies based in reality only please.
Your failure to recognize that this has already occurred under this management speaks volumes.
>> if longs lose everything they own & families destroyed because of it….
But never in the summer when nobody will be around.
You don't even understand the governance concept, I fear. You can have your approval but it will mean nothing for retail's pocket if management isn't interested in their shareholders well-being.
I'd like to believe I'm appreciated here by green retail for highlighting governance issues but it seems the lunatics run the asylum.
Did NVDA forgo C suite employee contracts with a CEO CFO COB privately owned enterprise in the middle of operations?
Just keep ignoring all the many governance issues and watch where that ultimately leaves you.
The chancellor invalidated not the shareholder. Everyone in this stock is a minority shareholder.
>>Notion that single minority ambulance-chasing "shareholder" can invalidate will of majority seems like tyranny.
Not true. They had a lot more than that.
>>2019 NWBO had few hundred shareholders. Today around 50K.
This bunch is most definitely.
>>Does judge honestly think they're too stupid to make decisions as shareholders?
It appears he doesn't think management was being forthright.
>>How is this capitalism, and not a command economy, when a judge by fiat can overrule a vote the supermajority made twice already?
"Much reflection" LOL! It's an obscene amount of money considering the time lost with still no assurance of any revenue while as the company runs on vapors, and as legacy shareholders are all but finished. Add to it a CEO CFO owned CDMO in the middle of operations. The company is run just like an authoritarian government.
>>After much reflection I will be voting YES to all items yet again. These options are for work already completed. No management team works for free. We are not communists.
>>Non-compete and confidentiality agreements
There are many other clauses, conditions, and perks that can be included in these contracts. One to consider is a non-compete agreement, which bars an employee from competing with the company for a specified duration of time during and/or after employment. The contents of the agreement can differ depending on the company, but can include various stipulations such as prohibiting employees, for a period of time, from leaving the company to work for a competitor or starting their own business selling competing products or services. A confidentiality agreement can give employers protection by asking their employees not to share any confidential or proprietary information the employee has access to during employment.
An appropriate employment contract can protect both the key employee and the company by defining important terms of employment and setting expectations from the start. It offers legal protection and can be referenced when evaluating performance or deciding who is responsible for certain decisions and actions. Without an employment contract, both the employee and the company are left open to misunderstandings.
https://www.berrydunn.com/news-detail/importance-of-employment-contracts-for-key-employees
What's strange is all top management lawyers allowing their employee contracts to expire ten years ago even as they still reward themselves massive options packages. That's strange. Hmm
Total liabilities $82M
Total current assets $5M
>>The Company used approximately $12.4 million of cash in its operating activities during the three months ended March 31, 2024.
>>The Company does not expect to generate material revenue in the near future from the sale of products
>>Related Party Accounts Payable
As of March 31, 2024, there were outstanding unpaid accounts payable and accrued expenses owed to Advent as summarized in the following table (in thousands). These unpaid amounts are part of the Related Party expenses reported in the above section.
>>Our management determined that there was substantial doubt about our ability to continue as a going concern for at least one year after the annual consolidated financial statements were issued, and management’s concerns about our ability to continue as a going concern within the year following this report persist.
"Long story short, the company is burning through cash but is fortunate enough to pay creditors with stock in lieu of cash. "
I know it's not a worthy topic for the disciples to discuss here (eye rolls) but now think I understand why they let their contract agreements expire ten years ago.
>>Term of Agreement 2 years
>>NWBT may terminate you at any time during the term “For Cause” or “Without Cause.”
>>Outside Activities Outside professional activities are to be conducted in a manner compatible with professional obligations pursuant to this Employment Agreement.
>>Assignment of Inventions All inventions conceived or developed during term of Company employment by the Company must be assigned to the Company. (No “nights or weekends” exceptions.) Must execute assignment agreement and limited power of attorney enabling the Company to make filings and take actions necessary to implement such assignments of inventions.
https://contracts.justia.com/companies/northwest-biotherapeutics-inc-1925/contract/565705/
Straight talk doesn't work with the disciples, sadly. These retail prisoners are destined for the "Drop the soap" experience.
Is there such a thing as a reverse split true up?
You stupid F's!!! That goes out to whomever isn't a "Willing participant"
When's the divorce?
Word salad.
Tips for Clarity.
You feel no compulsion to help your fellow poor green retail at all?
Why don't you make yourself useful for once and start a thread here on how retail can best help themselves to get a seat at the table. Maybe find out if Bigger still holds anything and if he does, get him to request a board seat to represent retail.
Yeah, can't argue it so just wave it off. Next!
Here's what they think of their 50,000 retail.
What right does "he" have to go after them anyway ! LOL
>>his position represented approximately 0.00089% of the Company’s outstanding shares of stock.
They may have meant negotiations with the plaintiff??
I'm wondering if the shareholder with the 11,000 shares was ever reverse split out of existence??
>>If the Plaintiff continued to hold 11,000 shares as of the Record Date, his position represented approximately 0.00089% of the Company’s outstanding shares of stock.
The DanishDancer says "F transparency!" LOL
There's always the Asian market which, to be honest, I'm very surprised they haven't played up given all LP's Chinese contacts.
What a winning strategy. Wow! LOL