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.
“Good news into bad”?
Basic question, if all is not right with nwbo, why pump more money into nwbo with the cash receipts from another of “her supposed scam” companies, Cognate. Can’t argue with “putting your money where your mouth is”!
Oh yeah, to pay herself with her own money. (Sarcasm in case some don’t get it)
Love the price movement..... Wolfpack doubling down!
Obvious this is the shorties last stand. We know that we will be getting some concrete news in a few months, so these guys are doing their darnedest to instigate a “selloff scare” but consider this action, if retailers are not selling nor insiders or major shareholders....logically.... The Wolfpack!
We have hard data on our side, they have only FUD....for my money, I’d take science over FUD any day.
Staying the course!
On the contrary BearTrap, this question would make sure that any queries by shareholders will be confirmed and the shares are in their accounts. This will also serve to send a “shot across the bows” of these naked shorters that we are active and concerned shareholders!
I’m highlighting this now given LP’s statements at the April shareholders meeting about “lost
shares” etc and as we expect positive news any moment, they had better be sure that the market makers deliver our shares or get the shorts to top up their margins!
Thanks to everyone for contributing.
Looks like my question was a “Doomsday Prepper” scenario.
GLTALs
The website:
http://counterfeitingstock.com/CounterfeitingStock.html
Scroll all the way to the Glossary and their elaboration on buying counterfeit shares (phantom) their method to accelerate price decline when mounting a short Attack.
I have some doubts and am unclear but wanted to ask the MB. Perhaps a securities attorney on this MB could help clarify.
I've been googling but could not get a definitive answer on the question of buying phantom shares or having bought some from a naked shorter.
I only have only found out so far that some major houses have fined but the perps are often offshore entities and our recourse is to pursue individual lawsuits to recover the shares.
This concern may have been asked and answered before (link please) but hope someone could address this query.
TIA
Hopefully Cofer Black is building the case but it took Deep Capture almost 5 years to uncover the whole DNDN story and discover that Shrekli was in the middle of it with Milken and friends. Cold comfort to the shareholders of DNDN who bought at the peak!
Frustrating as it may be, these parties activities can only be stopped by an unambiguous PR or announcement of a partnership, causing them to break ranks and scramble to cover. (There no Honour among thieves)
I believe most of the short positions have been covered but a fair bit still remain as they were trying to execute the "coup de grace" when we got delisted from Nasdaq. Again, they did not count on LP and friends to be able to "hang in there" despite their full scale assault!
Their strategy now is just to sling mud and hopes that it "sticks" because at $0.28, many existing or even newer investors are not that afraid to stick it out. Their resolve have also been reinforced by the recent ASCO blinded data revelations.
Stay the course and don't let these Fudsters distract you with their crapola and there are many here who are disguised as "longs" but subtly bash by asking innocuous questions or points of fact. I'm not often on the MB but being away and reading the odd posts, you can more clearly separate the wheat from the chaff"
GLTALs (only to the bona fide ones)
Will wonders never cease?
New tack.......trial has been compromised?
Just thrown out there by a poster?
All in his / her opinion?
Well......covered legally!
AIMHO......Lol!
Thanks Lykiri.
Provides an indicative timeline for us to countdown.
GLTALs
If you were to visit the linked website, you will find more “tricks of the trade” on phantom shares and how market makers circumvent the “Fail to deliver” ruling.
Very illuminating.
If you don’t understand what I’m saying and as I’m not doing any lectures on Finance and Shorting 101, please google Deep Capture. com and read up on DNDN as a case study assignment.
Btw, I find your post pretty rude.
Glad to know that we have a similar view of what is happening.
No one would be shorting at this level, only desperadoes!
Our day will come!
It is NOT NEW SHORTING but the desperate efforts to force the company to issue shares at low prices so that they can buy (pseudo investors/parties)and deliver on”previous” shorting already done in the multiple dollar range. They were confident that LP would have folded up and they need not cover. They never counted on the tenacity of LP to survive despite a delisting and multiple toxic financings. They also had hoped for an R/S so that they could have a second bite of the cherry!
Now that the company has managed to survive despite a low of 14cents and managed to raise capital ftom friendly but opportunistic financiers, they are now shorting phantom shares out of desperation.
No one is shorting at this level but are selling phantom shares to cap the price and hoping for a miracle to save their soulless hides!
The fact is, if nwbo does not bk, they are in deep doodoo. Someone is going to blink first and it ain’t gonna be the investors or the company nit with a catalyst due any moment now. The question is, cover now (or in the coming weeks) or after unblinding, either way, it’s going to be a near vertical rise of the pps....
....to da moon Alice!
Turtle, buckle up in your shell and batten the hatches because it ain’t gonna pretty once the button is pressed for those who are not prepared!
GLTALs
Yeah, sure Mr. Market has spoken...blah blah.....the optics always works for .....Fudding!
Monday morning quarterbacks...unfortunately dime a dozen!
Having been in the market for “too many years”, I reckon LP and her team have done remarkably well to hang on to the company and keeping it on course! With a Nasdaq delisting, toxic cash raises, hostile media, frivolous law suits etc, she has brought us to this home stretch stage of the pipeline! All the armchair CEOs who comment that they “shoulda and coulda” done that..it’s ...20/20 hindsight... the best analytical tool in their arsenal of management skillset.
Btw, she has skin in the game, unlike some who claim no skin in the game but yet spend countless hours negatively postulating and debunking every PR and every tidbit of info put out by the company or their executives. Granted they seem to “not care” about shareholder value or have a paucity of updates, we know that they are trying to keep the company on track and so what if they make money out of their secretiveness, we are also on the same ride!
I’ll trust their actions and comments over any anonymous poster who supposedly has “no skin in the game”!
I’ve known Turtle from the YMB days, he was probably at the tracks when he heard it from the “horse’s” mouth, Turtle you probably put your ear at the wrong end of the horse!
Jon,
Great post! Agree 100%!
Good God man....are you serious?
My fellow investors have already posted the numerous arguments on why a NO vote will BK the company or crush the pps and yet you guys still argue for your "pound of flesh" for management's silence.
If the cake isn't ready...are we there yet? Are the patients living longer?
Hell yeah!
What TOP line do you want? Premature unblinding just to satisfy your need for some PR?
So no news, no FOR vote? Yup, played just like a violin by the shorts!
Biosect,
100% correct! I have also UNEMOTIONALLY voted YES,
As I had posted earlier, some think they can be slightly pregnant and try to influence others that there is no disaster in voting NO, who are they kidding?
If a NO vote carries the day, just THINK for a moment, what would the holders of the warrants of the "yet to be issued" shares do? Wait for another SSM to get it right? They'd immediately file a lawsuit, is that how you NO voters want "send" a message to management? Tie up management's time with fending off another unnecessary law suit when they should be spending 100% of their time in bringing the trial to a successful close?
Why don't you just vote with your feet and exit the investment (and show management) because if you think a NO vote will have no effect whatsoever except to "send a clear signal" to management, you must be pretty naive because the price will just go into a death spiral. Investors know that the company will be going into a long drawn litigation process to unravel the mess.
Think one step ahead, should the trial be successful, would you then realistically vote Yes to the issue of shares at an exercise price of $0.23 when it is worth $X? What if the case was before the courts when results are announced, they would then have to determine the value of the company and arbitrate an acceptable conversion ratio? Class action suit by shareholders if the ratio is unacceptable?
Imagine the legal complication and the mess generated even with a successful Phase 3 trial, warrant holders want to exercise in the "pennies" when the true value is nowhere near the agreed exercise price! Then the arguments would emerge as to why in the first place have toxic financing and the ad nauseum reiterative arguments over the last few years would emerge.....again!
Use your vote wisely!
Plausible hypothesis......your Cofer Black dollars at work?
Yee haw!
Usual MO perhaps, good news into bad?
GLTALs
Good rebuttal Cherry!
Lol....shows selected understanding and purposeful FUD!
Agreed, their money their decision.
However, I'm just curious, we justify staying or getting out but I can't understand a long wanting to stay in but yet expect the worst....so what's the rationale or angle or perhaps just a....
JD, logically then you should cut your losses (or take your profits) if you truly believe LP and gang will do that or that we get an R/S by a factor of 100.
Like in my earlier post, you can't realistically be slightly pregnant.
No offense intended as every investor has a right to decide whichever way to vote but in my opinion....
A "No" vote would only tie up valuable management time in scrambling to fulfil commitments made in the previous capital raisings and possibly drive it to insolvency (jury still out and not debating it here)
For sure these longs who vote No and want to show "who's the boss" you will be helping the very people with malicious intent (like Shrkeli had with DNDN) and those with short positions. Their objective is to distract management, get them to waste time fighting off lawsuits to recover funders' "promised" shares and to tie them up with subsequent SEC filings. Remember the frivolous lawsuits of yore? Rinse and repeat like some posters like to say. (although in a different context)
Ill intentioned parties hope that management will just rollover (which they hoped that LP had done it 2yrs ago) and they can get the IP at a distress sale price. Before any "Mother Teresa and "unpaid" stock advisor or pseudo long interjects, that they can buy it at pennies now, don't kid the greenhorns here, try buying shares of an OTC stock to gain control, it will be the Mother of all KaBooms!
So if you are a true long, voting No may just get you a Pyrrhic victory and then wonder why the skeletal management is not doing this or that...after all they are paid to do so instead of fighting off lawsuits and wasting time SEC filings, using up the oxygen that you, the shareholders provided! Or heaven forbid, rollover and give up the fight!
The ill intent are attempting to depress prices to a price level that would scare and panic retail but they don't DARE to be too aggressive, after all, we are a biotech company waiting to announce Phase 3 trial results....,!!
Exacto Afford!
Agreed.
Thats their MO.
Since posters have brought up a comparison of NWBO to DNDN. Let’s do a snapshot of events and compare it to our current situation.
Similarities :DNDN / NWBO
Master FUD spinner - Cramer / AF (same ilk)
Concerted consistent / constant attacks over a long period
Use of MBs to spread FUD (sound familiar?)
Good news spun into bad news
Baseless articles / legal suits
Rebuttals / defending articles against the spin masters not carried by major media
Personal attacks on the senior executives citing mismanagement, self enriching schemes, delays, changing goalposts mid stream...
Obfuscating results by sowing more FUD
An investigative report has now revealed (google Deep capture) and the billions of dollars made and the bad actors behind DNDN’s downfall to BK. Valeant and Shrekli et al were behind it.
After BK, Valeant bought the company and sold it to a Chinese pharma for $850m, Shrekli had bought it for $400m six months earlier. Just imagine how much they had made bringing the pps down from over $50 per share to its final pre BK price of $0.12 and the final icing of $450m.
LP said she will never make the same mistake as DNDN.
Cold comfort that Shrekli is now in jail but what the heck the “good ole boys” made their buck wirh the shareholders being BK’d in the process.
Moderators, this post on topic, please do not delete it.
Hello....still here.
Averaged down and the last purchase was in the teens....
Celebrate the pennies? ....Sure do....baby steps...crawl..walk...run...sprint......and then Olympic gold medalist!!!
Yay!
GLTALs
Thanks Bio.
Their game is either BK or capping the pps for an unsolicited buyout. It was "heartening" for me to read the various posts some weeks ago when there was some speculative discussion on the "Guess the before and after" price expectations.
If you noticed, the price expectations was purposefully tempered to encourage "early exits" and why price expectations should "realistically" be in the $1-$2 range! Come on, a game changing, medical breakthrough vaccine for GBM? Then the discussion centered on the number shares in circulation (estimated 1-1.2B shares and therefore an MC of $2-$3B is more than generous, thus yielding a pps of $1.50 to $3.
I'm in the VC game and I know how "Low ball" offers are first touted and with an increase of 20%-50% it would seem like a fantastic comeback offer!
My exit price strategy, I'll take a small percentage off the table at $8-$10, stagger the sales in the $20 range and retain 25% to see it through to the Direct trials and beyond. If DCVax-L proves to be the winner (as I believe it to be), Direct will be on every BP's dance card with sign up fees and milestone payments.
All will be revealed within 6 months or less! I've waited years and averaged down, what's a few more months?
GLTALs
It ain't over till NWBO becomes another Dendreon.
Step 1:
Concerted Attack to bring down the price
Step 2:
IMake it difficult for the company to raise capital or only at very toxic conditions
Step 3:
If you can't BK it, make the pps so low that even with positive trial results, the price increase after good news will be capped. Anyone buying at 17cents would sell at $8, representing a 50 bagger! Damn sight cheaper than if it were from a current price of $8 pre trial results and possibly a 5 bagger, at $40!
Best case Scenario:
BK Nwbo and sell Patents / IP piecemeal to BPs. Dendreon was "flipped" by Martin for $800m after "bringing pps down" from $50! The profit made from shorting it at $50 down to 12 cents was phenomenal and the cream, flipping the IP for $800m! Sure is lucrative to bring down a game changing company!
Nwbo is such a company but they didn't count on LP' s tenacity to survive and succeed!
.....and you have the factts or just spouting AF's and Pyrr's line?
You are connecting the dots and trying to sway newbies and people unsure of the science. You are twisting it to suit the bears' argument. You don't have any solid facts but you only insinuate and create "clever summations to suit" your argument. Quoting other "similar" situations and companies. You obviously have research resources to tap! Perhaps using the same research team as Phase V?
If you are not a bear, then why do you bother to post incessantly and spin negatively? What's in it for you? Are you like Jerry Campbell (formerly of YMB and now IV) spewing negativity, whilst claiming "no skin in the game"....or altruistically trying to educate the uneducated masses?
I'm an investor and declare it openly. I've been consistent and if you think I'm a paid pumper, then go over to the YMB and read my many posts over the years and the number of shares I have.
Do you bears genuinely fear that LP may yet bring home a winner and the FACT that she just refuses to lay down and die, that still have to negatively spin the company and the trial?
LP, release the kraken!
I have been away and now with just a quick read of the posts tells me that the "old futility/ failed" trial and "being fraudulently" concealed by the management is rearing its head again.
This "FUD" was refuted by none other than the Chairman of the DMC conducting the trial in 2014 when AF accused management of hiding the failure of his so called "grapefruit juice" by NWBO.
I'm not sure if you guys are discussing the same "old rehashed and resurrected" futility FUD but please follow the link to the DMC Chairman's statement or Google it with the keywords, "DMC Chairman statement on NWBO. This is important for newbies to note the kind viciousness that this company and management was subjected to at that time. YoY may now appreciate the kind of "headwinds" that LP and her management had to go through in order to bring the company to where it is today, waiting for the unblinding of the trial against all odds and obstacles!
Some of the old timers here know about the DMC Chairman's statement.
https://smithonstocks.com/northwest-biotherapeutics-independent-chairman-of-the-dmc-committee-for-dcvax-l-phase-3-trial-chastises-adam-feuerstein-for-inaccurate-articles-nwbo-buy-6-43/
Precisely Marzan!
These arguments and posts are so reiterative and that's why I had earlier suggested a Sitckie but I understand the problems associated with creating such a Stickie.
Serious posters are just constantly tied up with countering.."asked and aswered" posts!
SoS is spot on and the NWBO Year is just beginning,
GLTA true Longs!
To be clear...I was being facetious in my post which was in response to some of the negative and seemingly innocent statements / questions posted by some on nwbo's recent corporate exercise.
No ambiguity, I am a committed long even before Neil Woodford.
NDA - New Drug Application?...10 years in the making?.... right, the GBM market is already crowded with vaccines and NWBO should just pack up and ....go home! Let BPs continue the fight and apply for an NDA on behalf of these David wannabes....(as in the one with the Goliath fame)
Why raise now when the price is so low? I'm not sure but they barely able to keep the lights on or pay the frivolous legal bills and maybe setting some stuff up to start commercialising DCVax but these dumb management people....couldn't they just wait for TOP line and then get the creditors' BK applications thrown out of court!
The CEO and some of the Board members are Ivy League and were trained to......Buy High, Sell low! Corollary to that, Issue shares at low prices and don't issue any when prices are high! Oh yeah, pay your manufacturing Sub-Contractors with worthless shares in lieu of cash, pay your staff and theirs with worthless shares, invite shrewd investors and sophisticated shareholders to invest in a company that is on the brink of BK! Gosh, all basic Business Investment 101. Why can't these stupid people see through all that...especially the subcontractors and staff.... after all they are in operations and see all the lazing about activity around them! Really dumb people!
Unbelievable....somethings never change Year in year out!
Happy and prosperous NWBO New Year to all true longs!
Clear as daylight!
The recent raisings are NOT for paying the utility bills. To me it's to have the funds to sustain itself while waiting for FDA approval, make preparations to begin commercialising L and to begin Phase 2 for Direct.
IMO, they are confident enough to ask accredited shareholders to PARTICIPATE in a similar financing exercise (without accompanying positive news) and to probably forestall any potential suits that existing shareholders might institute if they were not offered the same terms as "outsiders" or "unrelated parties" when they do announce imminent positive trial results! Accusations will be hurled about insider knowledge, favouring friends...etc...Enough "proxies" around to start frivolous law suits. Management is obviously being extremely cautious.
Why accredited shareholder? GENERALLY accredited shareholders are not only longer term investors but are expected to discern the "noise" from the facts and given the current "overdue" results, they can deduce that OS is exceeding all expectations! Impatience and "railing" does not bring home a winner. Patient, experienced and smart investors in biotech companies know that.
Naysayers are just instigating emotional investors to sell at this ridiculously low price. A company at the cusp of announcing Phase 3 resullts at 22 cents? Anyone accusing management of "milking" the raising for their own "salaries" is just plain......management would be richer if they "leaked out good news" and turn this into a "pump and dump" scheme, IF they were dishonest! Come on, management is trying their darndest and I believe that their recent actions, awarding shares as bonuses, raising $24m does not indicate a company on the throes of BK but a company that has an agenda to complete its plans.
Interesting to note the relatively short period that the offer is open for (especially given the holidays in between), to me it's a hint that we may get a lot of news in early January 2018!
Merry Christmas guys and a great and prosperous 2018, especially for Nwbo shareholders!
To da moon Alice!
The short volume on a daily basis is on avegae 50% of total daily volume.... good luck to the MMs whose clients would probably default when positive news hits!
http://shortvolume.com/
Quote:
... upon certain negotiations currently under way with respect to outstanding warrants,
When I read that I assumed that the warrant holders are negotiating to get an extension to the December expiry.
A precedent unfortunately was established earlier for a warrant date extension but for this round, on what terms? It does not mean a capital raise is in the offing.
I think they got it down to about $1-1.5m per month. I'm actually looking at some news before the ASM to appease the shareholders. With some positive news and only awaiting TOP line, I believe the $12m (plus perhaps paying off some pressing AP to Contractors and suppliers), it should see them through to at least the next 2Qs.
No basis in fact or knowledge but I believe they should have a lock and TOP line results within the next 60 days. I think they are looking for a "slam dunk" type of result to announce. Given the "crappy" trial results of Avastin and yet get full approval.... the bar won't be too hard to jump over.
The management have been dotting the "i"s, crossing the "t"s and other "Housekeeping" loose ends like the settlements of the frivolous suits. From the looks of it, this $12m may be their last raise. With positive news, a partnership or two will be on the cards. I always akin their DC platform to be something like Apple's IOS, license out the tech for the App Developers and collect the royalties and fees. LP is not stupid enough to want to keep everything in house....too many different types of cancers around to want to keep the whole cancer market to Nwbo.. No resources, no sales network, no medical institution penetration, no international distribution network. Why reinvent the wheel? Just collect the tech fees! They can then hope for upfront fees and milestone payments moving forward.
Optimistic? Hell YES, we are at month 28 since August 5 2015, The odds are in our favour for a slam dunk OS. We have Direct to take us forward after the platform is proven through L's approval.
Feeling positive....YES....Dumping Hell NO...been around this biotech stocks many times before and I smell a winner!
Observing the price action since the last 2 PRs, I think the market thinks so too. The price seems to be pretty resilient given the size of the 2 dilutions and (pure speculation on my part), the price play seems to be accumulation from weak hands and probably "daring" the shorts that their play time is over because a "big boy" can absorb whatever you throw their way and can bring the EOD price back to the previous day's or at least close to it.
That's why if they ask for a YES, I'd give them a chance because it's the only logical and rational decision sans emotion and not have a "hole" on my face where my nose used to be!
GLTALs.
Vote :
NO = BK = nothing personal but "I've taught management a lesson!. Unblind the trial...I want the results now! No more funding till then! Too bad that the patients are living longer and you don't have anything concrete to report or in management's opinion that a slam dunk result is not in yet.
I vote that you go BK, not another cent more!
YES = Company has funding to survive till approval from FDA is obtained.
How much is needed? However much it takes to get it across the finishing line. I invested to see it to the end and I won't be pulling the curtains down till the fat lady sings!
Thanks Flipper and Xena for your responses.
GLTALs