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SO mgmt who straddled ownership of both companies allowed NWBO to drop to an incredibly low level by mismgmt only to take it over at bargain prices due to favorable powers granted to it from the get go. Brilliant, buy it on the cheap by using NWBO's own money raised from using other people's money namely the shareholders..........and I predicted this a year ago. Then I said that I have seen businesses allow prices to fall to such low levels that the related company buys it at bargain prices taking advantage of such a happenstance.
I hope & believe in the science but if the company that is developing a miracle product is broken, tattered, and limping to the finish line because of mismgmt and the shell can easily be replaced due to a plan in place from the get go with another entity ready to take over and it benefits the owner to do so and dump the original entity what do you think think the owner will chose to do. This is my concern, that NWBO is the original entity ready to get scraped for the new one.
and how often has mgmt misjudged the timing of whatever this big even t it....so now you are saying they know this time within a 3 month window..........right!
except for massive dilution....right!
Can someone comment of the following:
If NWBO's latest press release re toxic funding was spun to the positive, then isn't that a great example of how they write all their past PR's...ie spinning the neg into a pos like always....who do you trust?
If LP's resume leaves out Enron, isn't that a similar sort of spin, leave out the potential negative and only talk about the positive when writing?
Like I have said previously LP's education is a double edged sword it empowers her to protect herself and navigate through treacherous curves at shareholders expense even while it appears that she could use what she has learned for the good of the shareholders which was why many here probably invested.
Please explain how LP has helped the shareholders over herself while you can give dozens of examples of how she has helped herself over the shareholders?
This is all my opinion of course.
Please provide factual basis with real approved trial numbers that progress has been made.
Please provide proof of certainty mgmt is preparing for approval.
What a joke you guys are at times.
This is all one an's opinion and nothing else.
Excellent point. What you have here is armchair 20-20 hindsight experts vs reality based living. I have had to raise money, th minute you have to go to someone for money in are already on the short sid of the stick, and when they look into your situation and find negative news the potential investor will use that to his benefit to negotiate the best deal for himself which happens to be the worst deal for you the borrower. Typically if you don't need money then it is easy to raise money but when you need money it is very difficulty and you will pay a steep price depending not he " story"....our story can only be described as ugly.
Let me ask you this why would any investor at this point in NWBO's history lend money to a business about to go bust unless the investor knows he is going to be paid no matter what, so what does he know to make himself feel rest assured.
I thought most would understand what I was trying to say, so let me be clear:
NWBO is dumb as nails and that includes anyone human running it.
To e it is expectations that are dashed.
Most here believe LP is a rock star, a genius and that every move she makes is a Buffet move. But action speaks louder than words and maybe she is good at somethings biotech but no others as we are seeing today and that we should have noticed during the last tiny raise at eoy.
Being a fly on the wall at eoy I could here her and LG discuss what to do, one saying lets go for a big raise and the other, the more crafty one insisting on going small one to possibly make the market believe they weren't in dire straights. Who knows what they planned in the end but we saw the results and due to their consistent non transparency they did their thing....nothing as usual.
What this all tells me isLP is more human than we thought.
This what concerns me, when LL said "and it seems like everyone is living longer then we would have been expecting" because it sounds like she is troubled by this and not pleased by it. Heck if VCxax worked and everyone who was given it was living longer why wouldn't she expect it, she wants it to be true and hopes it will be true and it is what she wants to achieve, it is the the point of producing a cure so if she says they were expecting this then it can't be that the DCvax patients are living longer. It must mean those that aren't getting DCvax ar living longer which obviously would deb a surprise t her. And since she is blinded and doesn't know which is and which isn't getting DCvax then it goes that everyone is living longer and thus confounding the issue because it was unexpected. How come no one is interpreting what she is saying in this manner?
Lets discuss the audit investigation that most likely is occurring. As an ex-audtior I can tell you from experience how easy this one would be. LP is basically head honcho in all 3 companies, so she or one of her close staff members can answer all questions about the 3 companies in one sitting besides the logistics being pretty simple too. And what a starting point, having all their sec filings to question including the stupid pathetic PhaseV trash compactor to refer if needed but I doubt it will be used much. When I did audits I had to go to original source docs to figure out what was going on, here you an use all their printed public info adjacent them and see if all is kosher. Basically all the work is done for the auditor, just has to have the filings and ask for back up and show check the paper trail. Only the important items will be looked into from a arm's length transactional point of view. Sure stock transactions that were done internally will be reviews which is time consuming but the investigators already to have something to check on i.e. Malik's relationship and pay and stock transactions & transfer from the company's side to begin with. What if there were no sec filings to question, what if Malik never came to surface. Harder to discover what isn't known that what is questionable. lot of headway can be made here in a short amount of time. And discovering previously unknown issues will be tagged along the way but as always those things are tough o uncover, like if you don't know what to ask, how do you get an answer.....these guys already know what to ask. I am not concerned in the least.
In fact this could be one of the best things that happened as of late, thanks to NW.
and maybe just maybe all of LP's picks were owed by NW via previous discussions after she turned down his choices. I say this because I seem to remember that he was ok with everything at the end, maybe someone could post that quote from the article where I believe it was reported. Also nothing afterwards was publicly reported where he stated that he was not happy with her pickers...typically silence is deemed approval and with the obvious vocalness apparent with NW we would have heard of his displeasure if there was any wouldn't you think?
One then must assume he is on board with all the picks or at minimum he was privy to her choices before it was made public and didn't disagree with them based on what has come out in print since then...ie nothing=silence=approval.
I will say this again, no way LP, a highly intelligent individual would try to charge a way high rent and pass it off as market rent in order to personally benefit. This wpuld easily be discovered by cpa audits and as you can see was found in their filings.
In another area, I rent out my apt in Manhattan Beach CA, it rents out for $5.00 per sq ft. I understand that it is not commercial and is in a nice area but there are also similarities with this example.
It is easy to back it out with all the internet info out there. this is kids stuff and LP is no fool. Try to find something else in which to hang her high, you will not find anything nefarious here gun slingers. She is once again innocent.
Evaluate thanks for being a great numbers man, numbers don't lie as opposed to many on this board.
I am in real estate and was a former auditor and when I read the numerous posts here I can't help but toll my eyes, someone wants to hang em high that is for sure.....won, feels like the ole West & 1886 all over again.
Lets talk about what Evalute didn't.
I don't know what the 2008 rent per square foot is but commercial rental rates have been going up for the last 10 years and that is a fact. I do not know what the rates were back in 2008 although when lease is negotiated one would have meeting of the minds on the start rate and have built in increases over the term of the lease i.e. the rent is going to go up that is for certain and 7 years have elapsed since the signing of the lease.
It is apparent that this is obviously a non arms length transaction however as smart as Lp is I bet she used market rates back then to support any agreement and that cane easily be verified, so I suggest if interested one goes back to see what rates were back in 2008. Also leases of the sort historically are triple net (NNN) so the monthly agreed upon rental payment will include all of the real estate taxes and insurance and utilities and common area maintenance. One needs to check the lease for said terminology but I would wager it is there i.e. NNN.
When I hear many here say, 7000 sq ft for 4 people sounds crazy. I say where does 4 people come from, and I have never looked at the number of people who will be using a leased premises as a basis for computing rental rates. Maybe only 4 worked there at first but the plan could have been more in the future and you have to think of expansion in long term leases. Yes if only 4 people are going to occupy and use 7000 sq ft that does sound lopsided unless there is equipment going to be installed there or there will be rooms needed for offices and labs and waiting etc. and then it doesn't sound large at all...and what about future growth consideration so that you can stay there as the company expands. But 7000 sg ft isn't all that much considering a typical small home is 2400 sq ft and how many family members will live in 2400 sq ft, well that was the size of my house when me and my wife lived there.
As to the auditing side of me, I am sure that many here are familiar with SubChapter S corps and the technique of zeroing out income to reduce any tax liability. In order to accomplish that the owner would pay as much in salary as possible, pay fees to related parties, charge expenses to related parties, all to zero out income . Could that be going on here, so instead of having an S Corp the same technique is used to funnel as much monies as possible to related parties to enrich those parties, well of course but aren't those related parties putting themselves at risk of lawsuits and breaking the law? An audit will uncover that immediately, in fact any previous audit by a CPA would have uncovered that the moment it was read since that is one of the most visible and easiest concepts to discern, so I highly doubt that has happened since the CPA would not only be liable but vulnerable to shareholders. If you want a good Gresham novel write one but writing it about NWBO at this time or any time is a waste of your time. LP is smart she isn't stupid, these are infantile accusations i.e. you have found no smoking gun here....keep on looking.
DocNO,
this is a very well written and wise opinion and I also happen to agree with it. It is also fair and balanced and contains nothing that exaggerates the situation. The bottomline is we do not know what NW thinks at this point in time. We only know what public actions he took.
Don't you think re the number of patients that you are making assumptions with each's individual importance, I always tend to think quality over quantity whereas you seem to gravitate to quantity over quality, to you th number of them are important and I look for the most important individual ones which usually are far fewer in number.
AVII,
how is it that when you answer members you give the most detailed responses, more than asked, enough to bury your detractor or qustioner in paperwork up to their ears. But when I ask you to explain who you are it is one of the most unedefiled. skimpy and lacking of anything definitive ever written by you. Strange isn't it. I believe Pyrr was even less transparent when asked........LOL!
How would he know so much if he doesn't work in the field?
Who is he?
What does he do for a living?
He talks like an expert (in the field), he acts like an expert, he says he is an expert.......so is he an expert and if so how is that possible if he isn't in the field of study?
Why does everyone here believe everything AVII anonymously writes? And why does everyone here believe that AVII knows everything about everything he writes? Please explain.
NWBO is damned if they do and damned if they don't....what choice is left for them. Maybe it is fortunate that supposedly they can't say anything at this moment in time since any good news less than approval has always been attacked and dismissed.
With all the shares that NW purchased he did an amazing 180 in record time atlas it took a long while for Pyrr to do is infamous 180. What NW did it in a matter of days/weeks and look at the circumstances under which it occurred. I mean we are talking about a very qualified and experienced individual, more so than anyone I have known or read about. And to add fire to brimstone to think he allowed Ms Wolfe inside, remember Ms Wolfe is a pion compared to him, she is his foot soldier. Ms Wolfe is a Director in a tiny company and just came on board at Ondra but obviously had strong and close tied with the partners there. In addition her contacts and experience int he healthcare field adds to her experience, she is no fool and can't be considered innocent of her actions. NW's public announcements and in such
quick order are suspect imho. Couldn't he wait, and if he rushed in to protect his investment once he found out something we assume don't you think his actions could only have hurt the apps and hurt himself?
NW invested a considerable sum, if he felt he made a big boo boo due to what he later learned how can his actions have helped him or the pps unless the game of chess he was playing was the wrong move. He obviously thought LP would capitulate, he obviously thought his newly gleamed info would scare LP and it obviously didn't. He absolutely wanted to crush her one way or the other. Did he take his quick hostile stand based on newly discovered info that has been out there for some time, not likely. So it had to be new info or a new development. Malik was definitely a new development and someone he had to have spoken to ignored to be comfortable with investing as much as he did in NWBO. So if Malik was out he wanted to put someone inside and hew anted to do that in quick order sad strong arming was his only choice when LP blinked imho.
Now he couldn't sell if he wanted to or was able to, a position he obviously wouldn't want to be in. He has lost fact beside money. Notice now he is being very quite. Most true stock activists would continue to try to effect change but he isn't and I find that extremely interesting. So he waits, like us pions, the king of Wall Street Across the Pond has to wait with he rest of us.....very fascinating.
If his ave was $6-$7 and he thought it would go to zero he would sell all in the $2's but he doesn't. He
was checkmated by LP, he was unable to get someone on the inside to watch like Malik who he possibly thought was an individual he could trust but turned out the opposite in his mind I suppose. He failed at forcing hi sopped inside to oversee and report back and now he has know one which isn't the way he probably likes to invest when he invests big time. This is all my opinion.
Is it naming NWBO yes or no, you aren't giving any info and I can't see the video....how about a little help.
NWBO doing good? Whaaaaaaat you talkin?
Please elaborate when you say "something is wrong here".
How come none of you armchair experts don't go to these facilities and confirm capabilities as opposed to empty warehouses? I am recovering so I can't travel but what are all your excuses.....follow the money if you want the truth!
I agree with all that you wrote but couldn't one be said in a different way. If NWBO gave Cognate huge monies, couldn't you say Cognate purposely bed NWBO to take the money out of NWBO's hands and put them in safer hands of Cognate? If that is the case couldn't Cogate give the money back at the right time. If the common denom of both Cognate and NWBO is LP doesn't that also mean that LP has the money still, it is just Peter robbing Paul so to say, os th money isn't gone, it is just protected right?
the you tube video wasn't made pubic yet.
My problem is that LL never realized what she was speaking about would go under the knife due to lack of release of any info by NWBO for so long a period. SO she became the news without her knowing it. Everything she stated can then be taken out of context especially the infamous everyone is living longer. We con't know hat that really means, or what she was REALLY referring to since she never realized what would occur after. he causally spoke at a conference and did not mean to conduct a Q & A or PR to investors. Everyone is interjecting their own bias and individual beliefs into the interpretation of what she said.
This is why I believe the video was removed. And hanging you hat on what she said based on what you believe she was talking about is meaningless and dangerous to all. I saw nothing positive in what she said, and I may be wrong with that interpretation. I saw frustration in the trial structure that is all. She isn't a public speaker, she doesn't know about facial expressions, choosing the right words or speech patterns. I a sure she wishes she never said anything or if that she said it all differently so not to cause the confusion that she caused.
I don't like any of NWBO's PR's the have always only discussed the positives, and gave hope. They have never mentioned the negatives, ever. They have typically released their PR's around funding needs or when they had a smidgeon of something positive to report . They have rarely answer our questions and have only done damage control at times to help themselves with high impact detracts like AF. We have a double edged sword with LP , due to her experience and smarts she can either help us or hurt us but the bottomline is she will always help herself, her family and her friends of which we are not a part of. And she has surrounded herself with just that, besides running the company with an iron fist. If it weren't all the investigations by all the internet stockholders trying to figure out what is going on I believe things could be very different. It is almost like she just waits to see what we all say, and then if she writes anything it is the bare minimum like a savvy attorney would be. I believe we are screwed int he end because if there is any positive derived from the trials we won't be sharing in the action, it will go to one of her other companies. This is all my opinion of course but it seems to fit imho.
Was the now infamous LL video ever posted on NWBIO's website, does anyone here know?
With regards to LL's video in real time being instantly spread to stockholders by a Doctor or the present at the conference.
Again take a look at history. Remember Mitt Romney's downfall of the 1% conference that he gave where the Democrats infiltrated his conference and recorded their own of his conference and that was immediately spread to those who can use it to bring him down. If you think the only ones who show up at these conferences are interested Doctors not interested in affecting shareholders and/or shorts you are misunderstanding the system. The fact that one of us weren't following or int he know about the conference means we are not doing a good enough job i.e. we are only searching the internet for after the fact news/info.
Doctors like LL at UCLA will and should be followed since they are on the front lines and due to LL's location in Los Angeles makes it very convenient and noticeable. Yes AF is trying to have it both ways a) provide proof and b) show us how closely watched NWBO is which is most telling. Someone definitely infiltrated the conference and spread the potentially negative/fear based interpretation. A no brainer imho.Think about this, NWBO has every conference LL gives re NWBO on their website when available.
This is and was big news for both sides. From here on in LL will be closely studied unfortunately things will change.
Isn't it interesting when the CEO of Celdex uses the english language to his benefit in picking well choiced words in describing these events that appear vague and hard to understand, AF will not only give him a pass but interpret it positively but when LP chooses her words in her PR's, AF attacks her words and opines that she is either being misleading or being too vague.
A definite double standard for AF and yet he constantly denies this fact always railing against NWBO and praising Celdex.
AF sure sounds like he is having an expert feed him info and the info is a repeat of Pyrr's research hmmm.
Adam,
with all your self anointed incredible biotech experience if my memory serves you haven't been batting well enough to be entering the Hall of Fame anytime soon. In fact if LL's video didn't come out per yourself NWBO wouldn't have dived to $2 and you wouldn't be looking so good with this stock unpick either. My point is that your your track record with regards to your prediction have been horrendous.
In addition it seem obvious that you are an armchair biotech writer who possibly has an expert that you consult with that gives you info or has taken you under his/her wing. You definitely ain't no doctor or technician in the field and the only thing that I can come up with is that you might have stayed at a Holiday INN but that is about it. I don't believe that any general common sense points that you wrote can be used for this specific situation, in fact your points are pretty archaic and simplistic to say the least.
I will give you one thing, your style of writing is entertaining so an A in that subject and another A in form over content. And I am being kind. Prost!
Agreed and that was the point I was trying to make earlier but you said it a lot better.
Thanks!
This place is a stock manipulator's heaven!
Finally a post that I can agree with.
And please also remember your rampant cheerleading last time around induced many to invest in this company too!
AF uses the L.L. video to blame others aka doctors or whoever watched the video in real time go out and sell or spread what they heard at the conference (negative news) affecting the steep decline in apps just like Hilary & Obama used a video for their purposes.....history just repeating itself in a similar fashion....AF is no genius, since it was done before with even greater fanfare ....but doomed to fail.
Because AF is trying to circumvent the impending investigation of him. We all know that he is finally being investigated, yet we wonder why he first came here in December after the investigation was announced. Now we know full well why he came here and why he has remained. Note he has been quiet to this fact that everyone knows about....don't you think that speaks volumes....ie his silence to that fact. He is using us for his evasion/deflection and yes attempting to rewrite history similarly to Hilary?obama did with Benghazi. He just takes his cues from everyone else that is where his creative brilliance lies....he steals and twists everything for his own selfish purposes.
The other issue did NWBO choose the wrong trial endpoint. I find it interesting that this comes out now, i.e. all invested in the company knowing this yet it didn't bother or stop anyone from investing in NWBO nor did it stop NWBO from moving forward with it. They knowingly chose this endpoint as we knowingly invested in their choice. There had to have been many reasons for them to chose one over the other besides solely ethics. Maybe this point needs to be discussed, why would one chose this endpoint over the other when now it appears they were fools for doing so....is it now so apparent knowing what we know now. Was it then pure bad luck knowing the apparent outcomes that we do? I think not. For as intelligent you proclaim Bosch to be can he now be stupid, I think not. There is a reason(s) for everything.
The PR was incredibly respectful toward NW, INCREDIBLY, me thinks a peace offering is in the works and an olive branch was extended to him as well as a thank you. I like what I read even though I was expecting a completely different PR if you know what I mean/
I never mentioned anything you mentioned but I do believe since you brought up that subject that the investigation morphed into something different than hat NW had targeted.
It is not like this has never happened before , this stock price drop. If history is a guide this has happened repeatedly with this particular company like practically every other in every field. Add the biotech field getting hit and we fall further just as we did.
One question I have is NW was obviously questioning LP on where his $180M went, will if Cognate or LP & Co still has it since it was a great sum couldn't they give it back to NWBO to be used for the trials rather than another diluted fund raise if needed at the end of the year when their current stash runs out like a emergency back up fund, it would look great to shareholders too?
The problem is that they are rarely right in their projections unfortunately.
After reading all this stuff does anyone wonder why the market isn't paying attention to NWBO at this time. THE MARKET IS STUPID, BROKERS ARE STUPID AND THE FIRMS FOLLOW AS OPPOSED TO LEAD AND RELY SOLELY ON THEIR SPOKESMEN LIKE AF TO LEAD THEM. Nobody int he market has the knowledge this group/board does and even if they are reading your writings the lack of consensus here would continue to confuse them and not help them decide/know what is going on.
NWBO pps will continue to languish until approval or near as good/solid/definitive news is released and only until then will it pop. And this is why all the previous Company PR's and the immediate short bashing articles were so effective against our cause.......because all traders are ignorant and most investors/brokerages are lazy followers who do no DD and that includes myself.
At least with AAPl you have a definitive finished product that you can see and touch and use if you want which propels the stock but with a product like this that is ambiguous as it is on what it can accomplish due to all the unknowns and confusion and multiple interpretations can you wonder why at this point the "boy who cried wolf (no pun intended Katherine, although you surely didn't help the cause) remains
in the forefront.