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Please tally the votes to prove that Woodford voted to reelect LP. Also, please list the new member appointed to the BOD as you previously stated in response to my post asking if the appointment had been made.
What you don't like investing in a company just to see your money funneled into another company that you have zero ownership in?? Yeah me either. Sorry my sarcasm wasn't more obvious. Appreciate your posts. Nice to have a little more rational thought around here.
Has Linda appointed a new director as Woodford specifically requested? Maybe I missed the announcement.
I suspect you are correct. Meaning they are already out of money again and we will likely see another toxic financing or bankruptcy any day. The 12m wasn't to start Direct phase 2. They received 180m over the last year to continue Direct phase 2 and chose not to.
At least all of us longs can find some satisfaction in the company that we have built. Our investments will live on through Cognate, long after NWBO fades away.
We will never know if they were the best terms or not, but they were the terms chosen by LP specifically for the reasons you outlined. The extent we get screwed from every angle is beyond ridiculous!!
Halfway through the 2nd quarter? Then I guess we only have another 20 years to go..
Yeah it's just like that, except the team owner hyped up the game so we would all buy tickets and then indefinitely postponed the game with no explanation.
Well I'm glad you have been able to successfully flip your shares here. Frankly, many of us have lost a lot of our hard earned money with NWBO this year. Many of us believed Linda when she claimed enrollment of the phase 3 would be completed this year and that the Direct phase 2 trial would begin this year. Neither has occurred, but she did manage to complete a massive expansion of Cognate (which we paid for). We were above $10 a share for weeks and Linda didn't finance, but she has been eager to sell shares at $5.50 and $4 with warrant coverage. Many of us don't find these events nearly as entertaining as you have. Happy holidays!!
Highway, you've posted many times that you have bought more shares, usually when the price falls. So I'm curious, how much have you lost so far on paper and what's your cost average?
Also, can you please explain how Linda using shares valued at $4 to pay Cognate when our share price was at $12, but using all cash to pay invoices when our share price is below $5, the multi million dollar payment that was triggered when the L trial was halted, and finally the anti dilution clause that protects Cognate and creates further dilution for retail shareholders fits into your idea of "dedicating a life to serving, making a difference in this world and leaving a legacy?" Also, I'm curious how your perception aligns with Linda's stated financial motto of "go big or go home"? TIA
You forgot to explain why they would do such a toxic financing now when that fda letter announcing acceptance of their AA filing should be in the mail any day... Stay tuned, good news is just around the corner. Any day now ;)
No. You forgot about the money already owed to Cognate when the 30m came in. Funny how Linda prefers to pay Cognate in $4 shares with the price is $10+ but uses cash when the stock is near or below $5.
Of course it isn't the end. I completely expect the company to continue for a long time to come. There will be many firms eager to participate in financings like the one today until nwbo finally closes the doors for good. No sir, there's still a lot of money to be made :)
No hard feelings dok. We're all up the same creek without a paddle.
Congrats to the shorts. You guys waged a hell of a fight and got the better of all us retail folks. And congrats to Linda Powers and the NWBO management team. You guys have managed to keep the financial vehicle running and kept the spigot on to maintain the 400k+ salaries for yourselves. The continued promises of something big around the next corner has been very effective. Many of us longs (myself included) bought the story and have blindly followed without recognizing the situation as the company value has slowly transferred to Cognate. You also managed to rake in nearly 200 million of Woodford's funds to expand Cognate and set up a manufacturing facility in Swaston for Cognate's use. Of course, we'll have to see how it all plays out before you can celebrate, but so far you have managed to pull off quite an impressive feat.
If NWBO doesn't even own the IP since it was used as collateral for a loan that hasn't been repaid, there isn't any bankrupty or firesale value. All of the shareholder value has been used to build out Cognate. Somehow I have a feeling NW will make sure those responsible pay for their actions and underhanded financial gains. I look forward to that day.
A Christmas miracle..for the shorts. Pop quiz. Who loves Linda Powers more, bulls or bears?? Bonus question, what does short covering under $4 look like? Extra credit, how happy is Woodford with Linda's recent financing and what is he going to do about it? Wait..I have one more. Who recently said, "the shorts are very vulnerable"? Happy Holidays!! :)
Let's just say AA isn't looking like the "most likely" reason for the partial clinical hold.
Merry Christmas from Linda Powers. They must be expecting good news from the L trial any day now. Why else would they engage in vulture financing at this juncture??!! Less then two months to burn through Woorford's last 30m. Sorry to see it turn out this way folks, I really am. There have been many many red flags and lies that have been ignored, so don't blame it on anyone but yourself.
So what in your opinion is the reason for the screening hold?
Thanks for relaying the message and thanks to Beach for the reminder of the potential synergy. I hope we don't have to wait until 2017 for the results, but I am prepared to do so if necessary.
Flipper, I don't really feel any better about my original question after reading this. Maybe it's because I worry that the delay due to the partial clinical hold will result in a better technology making it to the forefront before the DCVax trial is completed.
Maybe you can give us some spontaneous comments on this?
I totally agree and hope that Mr. Price will implement some of his techniques to handle these matters.
Yeah, I got that. Now back to my question. What about DCVAX which doesn't use decitabine? How will it unmask the specific targets that need to be recognized by immune cells?
Highwayman, any idea what implications Liau's comments may have for the strategy utilized with DCVAX?
“Brain cancer cells are very good at evading the host immune system, because they do not express specific targets that can be recognized by immune cells,”
Wow! A lot has happened during the few days that I decided to take a break. Some of the recent headlines give me just a glimmer of hope that maybe someday justice will in fact be served to those involved in manipulating NWBO's stock. It's still a long shot IMO, but maybe just maybe...
A big thank you to those who attended the shareholder’s meeting and for reporting everything out.
According to Mewards, Linda stated several times that the phase 3 timetable has been impacted from the screening hold. This is very contradictory to several of the bullish scenarios on this board concerning enrollment, but it does align with and confirm the undertones of some of her previous comments. When all of the evidence is reviewed, it seems to me the reality of the situation may be far different from what some here are choosing to believe and continue to circulate as the “most likely” scenario and that enrollment is complete. The screening hold continues to be one of my biggest concerns.
August 21st, Linda Powers, “screening has been temporarily suspended while the company submits certain information from the trial for regulatory review.”
September 16th, Linda Powers, “we currently are on hold for screening, but we will be hopefully not too much longer.”
December 18th, Linda Powers, “the phase 3 timetable has been impacted from the screening hold.”
So, once again I ask, if NWBO suspended screening because enough patients were in the pipeline to reach full enrollment, why would Linda make the above comments and why on earth would there be any “timetable impact” to the trial??
There is some evidence to some of their claims. It's right in the report and can be verified. Please take the time to do so. I'm done discussing this for now. My conclusion is that some of the claims are true, but the question is whether or not they are illegal actions. I don't think that the lawyers at nwbo (Linda and Les),are stupid enough to blatantly cross the line. But that doesn't mean some of it hasn't been unethical or in their best interest and not ours. There are some legitimate questions in the report that need to be answered. Enjoy the ride down.
You are right, Koman. There's much more to life. I think I'll sign off for a while and try to regain my sanity. My losses are my own gd fault for ignoring all of the red flags. I would say that it's been fun, but it hasn't been. It's been a complete nightmare of an investment. Happy Holiday's everyone.
Establishing the proper organizational structure to meet the stated objectives. Communicating progress of the company in meeting those objectives and explaining set backs. Mitigating personal conflicts of interest. You know, all of the failures that have led to where we are today..
It's all speculation Jack. Pure and simple. To claim that anything is likely or certain with all of the information gaps is disingenuous. I don't mind people speculating, but to act like we have the timing of future events all figured out is misleading. We don't know if we've reached the 1st IA, we don't know if enrollment is complete. We don't know what the hell is going on with anything.
I hope Drummonds comments are completely untrue. If Les is so reckless and irresponsible to dis NW in a public manner like that, god help us, this will be the final verse.
Some of the claims are supported by evidence that is attached to the report.
Guesses + speculation + guesses + more speculation does not = a likely timeframe. I don't think enrollment is complete.
Yes I invested a considerable amount and have watched 70% of it disappear over the last few months without any update from LP on the status of the trial or an explanation of the partial clincial hold. Forgive me if I am a little testy. The governance of this company has been unacceptable.
Problem is, you nor I (nor anyone else without inside information) really don't have a clue when results are "likely" to come back. It could be 8 weeks it could be 8 months. We don't know! To pretend otherwise is very disingenuous.
The problem is that some of the phase 5 report is "baloney", but some of it contains some truth. That's why NW insisted on an investigation, remember? I don't know if providing treatment in Israel is a problem or not, but I can tell you, my research indicates this claim is not baseless. It's amazing what one can find through Google in about 10 minutes of digging. So where did the payment for those treatments go?
Soon we will be under the magic 300M cap. Merry Christmas!! Any guesses what the next financing with be at and how many warrants it will require? It appears that most longs here are clueless about just how dire the current situation really is. Maybe I'm the last true long here.
Keep on baaahaaaaing as the ship keeps on sinking. Guess not all of us think the situation is that funny after all the years. Carry one.
I have listened to those presentations. I have verified the information in the Phase 5 report on the uspto website and see the transfer to Four M. I'm assuming this was for collateral. I just don't see a transfer back to NWBO anywhere. Maybe you can point me in the right direction?
Phase 5 part 2.
Transfer of patents to related parties without disclosure.
I know some folks here determined that the patents were used as collateral for a loan. That was a great find! Can anyone determine if the loan was repaid and the patent ownership was returned to NWBO? Does NWBO currently own the patents in question?
"We then turned to Neil Woodford. This was a sore spot with Les and he did not hide his disdain for Woodford. He thought Woodford to be disingenuous with his public comments if not downright foolish."
Either this is a complete misstatement of what Les said, or this is proof of just how incompetent NWBO's management team really is. Great work! Let's go and piss off NW. Do have any idea what happens if he sells?? Let's see how many investors line up when this is a penny stock again. Get your checkbook out Les, NWBO is going to need a few more bridge loans to get us through the investigation of you and the CEO. Unbelievable!!
I'm happy to hear your opinion Jack. I would really like to dismiss some of the issues raised in the Phase 5 report. I take it that you have reviewed the report and have evidence that is contrary to their claims which is why you are confident saying the whole thing is utter fiction. Perfect! So just point out why these claims are rubbish since I seem to be missing something.
Let me start by saying that there are a few items I agree with you on. First, I agree that it's CS to publish a report like this anonymously. However, I don't think that alone warrants dismissal of everything they claim without further review. Sure it's an easy out, but I think it's foolish to do so. Obviously NW feels the say way. Second, their claims about certain posters are ridiculous. Although I have often wondered if NWBO has ever contracted with a marketing/"promotional" firm and what that might entail. Anyway, I expect we can all agree on those two things so no need to waste any time there.
I would however like to look at a few of the other issues they have raised. Specifically the following:
"We suspect Powers controls a clinic providing paid “compassionate” treatments of NWBO’s unapproved DCVax." Which part of this do you find to be utter fiction? Was it their claim that Cognate has operations in Israel under Cognate Bioservices Israel Ltd. and provides treatment of DCVAX L on a pay for treatment basis? What about their claim that in 2014 the Israeli Ministry of Health ordered the center to stop providing treatments due to serious ethical and legal concerns, is that fiction? And the 2013 email from Carol Powers that describes the clinic in Israel. Is that fiction too?
Rather than making this post extremely long, I think I'll break these questions up. This post can be part 1.
Please anyone and everyone, let's debunk these claims since there seems to be a strong consensus that they are all utterly baseless and fictional. It's not like we have any other recent news from the company to discuss. It will give us something to do over the next few months while we await the investigation results.