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I know all about Stevie Cohen. Anyway, the point I am making is that while anything is possible, the critical factors are the time and resources it will take. The malevolent players know this. So it is game on as usual. In any investigation/legal process involving complex market manipulation, the issues involve understanding the game played and coming up with comprehendible proof. These powerful forces know how to play the strategic litigation game. They have the resources. And the time. That is what they are playing for. And all the while making money in your face using complicated convoluted schemes that only a bunch of PhD quants could understand, devise and execute. What Jim Cramer said was true and is still true today. The SEC is clueless. They don't know how to unravel these schemes and if/when they do, these quants are ten steps ahead covering their tracks and on to new schemes. And the lawyers are whip smart. The best that money can buy. These guys don't want the gravy train to end. They don't want to go to jail. So they have the best resources and intelligence on hand to be at least 10 steps ahead of the Feds. Who knows who is in on the game. A lot of the players are in stealth mode.
Can you guess why the SEC investigation is not over even though they may not have found anything? Because maybe someone wants a cloud over NWBO? SEC needs to do nothing. The fact that the investigation isn't closed casts a shadow over NWBO's credibility. Mission accomplished and.......the SEC cannot be accused of wrong doing. This is essentially character assassination by doing nothing to close an investigation which could go on for years. How many times has NWBO stated that the investigation is coming to a close and we hope soon. Sound like the partial hold? LG thought it would be over in several weeks. But it took a couple of years. This kills management credibility and the stock price along with it. Toxic dilution and frustrated long suffering longs follow on. You need a lot of stamina to stay in this stock. And management does not help its cause by just repeating the "stay tuned" mantra. Look, AF ran rings around LP/LG and essentially drove them underground to pursue a "keep silent" strategy. The malevolent market forces and those who serve them are not different in degree from minions like AF. They are different in kind. I believe l'il ole NWBO is clearly outclassed.
IMHO, pursuing legal action directly by NWBO or indirectly through a government institution, is an exercise in futility. It will not stop the manipulation. It will take time, resources and bandwidth that NWBO does not have. It is a diversion and waste of time and valuable resources. Timely announcement of stellar top line results is the key. Nothing else matters. How and what is revealed at ASCO Industry Theatre is crucial. JMHO.
Why do you doubt Marzan? He is a PhD in Chem Eng!
Doc:
I hear what you say. However, changes in the laws and state venues, the SEC, the truth, etc., unfortunately, matter very little. The money at stake is overwhelming if we are to believe LGs statements to that effect. In this, I believe he is correct. There are billions at stake. A new disease curing paradigm could fundamentally upset the prevailing med/pharma economic structure. The powers that be have too much to lose.
Let's assume you are correct. The complex and convoluted stratagems and collusive networks are exposed. NWBO has a smoking gun case. Do you think that upon bringing a complaint against these players this will result in a quick court judgement as a matter of fact and law? I believe you would be naive to think so. As I said, these forces will fight tooth and nail to preserve their system of greed and will throw whatever resources they need in order to maintain the status quo.
Doc, it ain't about winning any case. The malevolent forces win through strategic litigation. The name of the game is delay, delay and more delay. Wearing the opposition down, draining their assets, posing bogus counterclaims further complicating matters and appealing at every turn. And...diverting attention from the real business at hand to a lengthy and hard fought lawsuit. These HFs, etc. can employ the cream of the cream of legal teams that are adept at strategic litigation and in engineering interminable delays. And.....where is NWBO going to get the money for all this? Do you really believe that a top law firm will take such a case on the come for a percentage of an award which may come after a decade of litigation, if at all? Do you really believe they will take such a case upon a pro bono basis? It is, of course, possible but highly improbable.
OK, so maybe going the private route won't really work. Maybe it is better to get a government agency involved or the US Attorneys Office for the SDNY. It's a longshot for the reasons I have already mentioned. But let's assume that somehow NWBO can pull it off. You are still stuck because the same strategic litigation will be employed against these plaintiffs resulting in? You guessed it: interminable delays and appeals. Such cases are not concluded quickly. They take years if not decades no matter who brings the case and where. State or Federal Court, it doesn't matter. Neither does the law. These defendants will use procedures in the judicial structure itself in order to accomplish their strategic litigation objectives. In these circumstances, you are fighting a powerful, broad and entangled network reaching into many levels of government and even into the judiciary, not to mention the pillar institutions of the market place. Do you think all of this will be resolved in the blink of an eye? I think even you would admit that the chances are nil and nada.
The threat of a lawsuit against these forces won't dissuade them at all. In fact, it will probably embolden them much like teasing a cobra. And we have not even started. We have only discussed the legal aspect.
It is reasonable to assume that criminal elements are a part of all this. They can get to anybody. Look what happened to the teflon Don. They bought off jurors. Yes, indeed, they finally got him, through a stoolie, "Sammy the Bull", but only after years of trying. Time is not on the side of NWBO. Nor are resources for all this. How do you fight "little envelopes" enough to pay off mortgages and expensive college educations. Not everyone is virginally virtuous.
Politics and "people in high places" can lean on government agencies and US Attorneys "suggesting" that it is impolitic to take on such cases or blunt their energy through diversion of resources if such cases even see the light of day.
The problem with all this are the time and resources required in such a legal undertaking. I think that LG finally realised that his planned PR statements about a case were premature and not well thought out by finally admitting that the timing was not right for now. As I said, it makes no sense to telegraph even the possibility of bringing such a case. Do you think that would scare these powerful forces off? Do you think they are cowed by Cofer Black being on the NWBO BOD?
Finally, yes, I am aware of the Cenkos, Wolf, NW, etc situations. So what? Did all that stop the rampant manipulation? Here is a company on the brink of announcing top line, or so it would seem, with promising blended results as per the JTM and SNO update. So where is the share price? One also has to question whether this is all due to malevolent forces rather than NWBO management shooting itself in the foot through misguided strategies.
Bottom line: litigation won't help NWBO whether brought by it or a governmental institution. Rather, it may engender more harm than advantage.
What will help? Stellar results with top line announced within a reasonable timeframe. If not at ASCO, then sometime during the summer. In order to support the share price, some new significant info should be announced at Industry Theatre wrt DC VAX L. That should be the focus and is really all the market cares about at this point. JMHO.
Whatever
LG has been promising a PR announcing a law suit. He has since said that the timing is not right. And......it will never be right notwithstanding Larry Smith's series.
If, as LG has said innumerable times, that 10's if not hundred of billions are at stake and big P is threatened with the loss of revenues from their toxic and relatively inefficacious drug product lines, then these malevolent forces aided and abetted by a network of powerful interests will fight to the death to preserve their greed. No doubt but the market network itself is inextricably involved in these manipulative games and I would not be surprised if regulatory authorities are involved at least insofar as turning a blind eye. There is a re-cyclical process where the regulators go back to the industry they regulate and are replaced by industry executives. Everybody makes money in this chain and politics protect. Criminal enterprises are also no doubt involved and US Attorneys offices see little political gain in pursuing such cases, especially given the power and resources these malevolent parties possess.
So how does an extremely small enterprise like NWBO win? For every lawyer NWBO brings to the table, this network can bring thousands to bear. For every million NWBO spends on such a case, these forces can spend 10's if not 100's of millions. There is just no way NWBO can match these goliaths even if they have what they think is a smoking gun case. The defendants will strategically delay and appeal(multiple interlocutory appeals) so that we will all be dead and buried before any final determinations are reached by the courts which are not appealable. The methods devised by the perpetrators are so convoluted and complicated that it will take years if not decades to unwind and understand. And of course, with the criminal element involved, offers that can't be refused will be made. There is no way that even if NWBO can ultimately prevail, which is highly unlikely, they can do so relatively quickly. This will take decades and will do nothing to help patients, NWBO and its shareholders. These malevolent forces understand the dynamics and will become even more emboldened to take down NWBO. Are ALL personnel within regulatory agencies immune to offers that cannot be refused? How about nice little "envelopes"?
And if NWBO were serious in bringing such a case, why would LG telegraph it by indicating that among a string of PRs, a case would be announced? Why put the wolfpack un-necessarily on notice? Why put Cofer Black on the BOD? To scare them? Regardless of Cofer Black's credentials, he can't fight city hall. Too much money is involved and the forces he is against are much too powerful. NWBO does not have the resources and bandwidth to become entangled by a complicated lawsuit and probable slew of counterclaims. Larry Smith is completely naive if he believes his "expose" gives anyone real hope. And LG, who is a lawyer, should know better.
Rather, NWBO's success is grounded in stellar results and the weight of general public and medical industry outcry if this is not approved. Lawsuits are Alice-in-Wonderland fantasies guffawed upon by the wolfpack. JMHO
I think you are correct. I think the SAP is "well under way" statement means that it has not yet been finished but is nearing completion. That means that the SAP(s) has/have NOT been submitted to the RAs yet. If this is so, and quite likely it is, then it is well nigh impossible to announce top line data at Industry Theatre(IT) at ASCO. Since IT was booked in March, 2019, it was likely a place holder in hopes that an announcement could be made by that time. Thus the ambiguous title DC VAX Update. It does not specify "L" and "update" could be anything.
I also think management knew, at the time of booking IT, that ASCO could not come and go in silence. That would destroy the share price. Accordingly, some news has to be revealed at IT. It cannot be solely an update on DC VAX D. That would be considered a diversionary tactic by the market and devastate the share price. The FUDsters would be all over this diversionary tactic and claim that NWBO was hiding something. Therefore, the update, whatever it might be, will almost certainly focus upon DC VAX L. At this stage, the market is interested in DC VAX L and not "D". If DC VAX L has impressive data, this credibility will spill over to "D" as well. The market will take "D" seriously and begin to take into consideration its additional valuation. Right now, it has none. The ball game is all about "L" and nothing else. NWBO management knows this without a doubt.
IT is booked for an hour. Nobody is interested in a regurgitation of known information. The hour cannot be all about "old news" with only five minutes of a "new teasing tidbit". This won't work. The stock gets killed in that event.
No, even NWBO management now realises that they need to come up with something really significant and meaningful absent a top line announcement, which IMHO, just won't happen at ASCO. In fact, NWBO management does not know if and when SAP approvals may issue, if at all. For example, NWBO management thought that the partial hold would be lifted in a matter of months if not weeks and it took two years! Could protracted delays occur wrt the SAPs? Could the FDA drag its feet with a cycle of questions and comments? Stay tuned.
Thus, it will be difficult for NWBO to give any definitive guidelines on SAP approvals and timing of top line announcements. SAP approval timing is out of NWBO's control. What is in their control is completion and submission of the SAP(s) to the RAs. This will almost certainly be announced at ASCO IT. Not to announce at least that would be devastating.
In addition, I believe they will reveal a more complete update after SNO. They may reveal number of patients still alive, attrition rates, etc. They will need to focus upon new(and promising) information/analysis of the still blinded data in addition to the submission of the SAPs. This will somewhat safeguard the share price from cratering although it still might bleed, albeit more slowly, than would be the case if IT offers up a "nothing burger".
Even though they may reveal the foregoing at IT, delay of announcement of top line until the end of the year(e.g., SNO), would devastate the share price. It would likely hit new lows and even single digits. Impressive data may not be enough to vault the share price anywhere near a dollar. If the share price hits $0.10, for example, it would need to rise about 300% just to reach current pps levels. That is the problem with the stock price hitting new lows----part of its multiple gain, perhaps half, is spent getting back to where it was!
So, the revelation that NWBO has reserved IT is a mixed bag. From what appears the most likely scenario, the SAP(s) are not yet completed although they are "well under way" and have accordingly not been submitted to the RAs for approval. Past experience(i.e., the partial hold) warns that inexplicable delays could accompany SAP(s) approvals which are well out of NWBO's control. OTOH, it appears to be quite likely that the IT "hour" will involve significant new information with the news that the SAP(s) have been submitted to the RAs on X date, hopefully NLT the beginning of May, if not sooner. Anything less will engender a painful depreciation of share price. Will NWBO, in face of possible delays as described above, have enough funds to see them through top line? Will they have to sell their remaining asset of tangible value? Will they need to once again engage in toxic financing to see them through?
Indeed, lack of information and delays are toxic! Stay tuned. JMHO.
GGB:
The odds are very much against any such announcement. My view is that if ASCO is missed, top line may be announced in September at the earliest. More probable is sometime in the November/December time frame. JMHO.
What it likely means is that it is well on its way in preparation. It probably has not been submitted yet to the RAs for approval.
What this likely also means is that top line WILL NOT be announced at ASCO. I doubt very much that any reservation has been made for Industry Theatre, especially in view of this lack of announcement. One has to wonder why all this money, which NWBO can ill afford, is spent on a lavish booth/presence for a "nothing burger." Investor expectations will be dashed if not already done so. Forget about any news at the vaccine congress. That will come and go with nada. Next is ASCO. it's beginning to look a lot like the latter part of 2019. I would not be shocked if top line were announced sometime in 2020. That is "clear vision". By that time, the stock price should be in single digits. Even with grand slam results, the share price may not even spike to a dollar(a 9x multiplier which is rather generous on $0.09/share=$0.81) and may rather quickly settle back on or about current levels. Even with RA approvals, I doubt that the stock will even appreciate to a couple of bucks. The market, in NWBO's case, will want evidence of market penetration, revenues/profits, etc. before any serious appreciation. This is a very long term investment. Time for serious re-evaluation, if Innes really said that to you. JMHO.
Sentiment:
LG never promised DI that the company would not be sold out. As LP and LG have said, that for the right offer anything is on the table, now or in the future. Having said that, I doubt that big P or any other suitor would make a BO offer satisfactory to LP even if top line is impressive. I think they will wait at least until approval by the FDA which I think is the most critical RA for NWBO. I don't see approval coming until at perhaps 2021. So I think DI's job is secure at least until then as there will very likely be no BO in the interim. Like anybody else who has a significant stake in NWBO, even DI would be very happy with a nice buyout, even if his job were somehow to disappear because of it.
Hopefully, NWBO will announce impressive top line results at ASCO. If so, we might see a nice bump in the share price from present levels. Anything less than that and continued silence, watch out below. I think a multiplier effect of 4x~5x is possible with the share price in the range of $1.20~$1.50. More importantly, I believe this range is sustainable and moving toward approvals, I think the pps could eventually rise over the $2.00 level despite MMs' manipulative attempts. With broad FDA approvals, I think the pps could double from those levels, but the stock will be affected by commercialisation doubts and management credibility issues keeping a lid on the stock. I think that with NWBO, the market is "from Missouri" and that it will wait to see actual revenue and profit results as well as rate of market penetration. I believe that share prices in the $10~$30 zone as some posters have opined are Alice-in- Wonderland fantasies. I would bet this never happens or is very far in the future. My own personal view is that I would thank the Lord for a Fatima/Lourdes miracle if the pps eventually hit $4~$5 although most probably, I would be long gone by then. JMHO.
LF:
Your last two posts caught my attention. You are on a roll!
All the best
JR:
I am one who roundly criticises NWBO management and believe, as a once high ranking executive, that they have made poor decisions and perhaps more than most. The claim that it is all due to nefarious conspiring forces that the share price is in the lavatory waste receptacle, is disingenuous to say the least.
But I draw the line at Dr. Bosch. I don't think he would ever be part of anything that is at least knowingly or intentionally "unconscionable". He appears to be a solid, honest and very diligent scientist who would never risk his reputation. That is very important to him and any impropriety would devastate his career.
To me, Dr. Bosch is one of the major reasons why I continued to invest and average down. He is by far the most articulate spokesman at NWBO, especially when it comes to the science. He has great credibility where unfortunately LP and LG have next to none at least insofar as Wall Street is concerned.
I would be willing to go to any conference where he was the NWBO presenter. OTOH, if LP or LG are the main speakers, I'd rather be in Philadelphia to borrow a Reagan bon mot. JMHO.
It is a relative term. Compared to the heat death of the universe, the demise of the solar system is "soon".
Silence and "buying more time" is deadly.
The Title of the presentation is "Stay Tuned". The slide deck is...........blank. JMHO.
And a complete waste of time and shareholders' money--expenses for attending conference plus loss in MC value due to disappointment once again with the "cuisine", the nothing sandwich. Stay tuned for ASCO. What kind of a sandwich is being offered there? Stay tuned.
This is one of the reasons NWBO needs a CFO.
Unless you are part of his group, you will never know until after the fact. We don't know what information he has. I would think LP would want his support. I don't think she can afford another debacle like Woodford. I don't know what pressure Bigger and other large investors are exerting upon LP.
However, continued silence with zero guidance if ASCO comes and goes without any announcement spells disaster. And this is even if these large investors have been guided and the ordinary shareholders have not. It is the overall silence that is deadly and could place the pps at a level where significant recovery may not take place. We may only return back to about where we are now after any delayed and no guidance announcement of top line. Surely DI knows this. It seems that the BOD understands this too. The science may not be the problem, but more and more, it seems that management is just oblivious to market realities and is destroying value that may not be recovered. Missing ASCO in silence is deadly. And the market may focus upon the competency and credibility of current management and the BOD, if not the science with the perception that this management will destroy its investment value. And I don't know if DI is the answer to their credibility issues. So far, no. JMHO.
!00% agree. What influence, if any, does DI have? So far, an abject disappointment, but I already anticipated that.
Absolutely agree. I don't expect anything on the 16th. But.......I am pretty well networked with relatively large and knowledgeable investors. I think we represent a microcosm of market perception. We are all very familiar with LG's series of PR statements and intentions to help raise the pps. LG has done this, not once, but on several occasions. A lawsuit announcement was to be among the series of PRs to be released. Nothing ever happened. It was swept under the rug. There was always resort to the shorts. It was always their fault that these time line indications could not take place. Or that there was a misunderstanding. Or it was never said or did not recall ever saying this or that. Always an excuse. And continued obfuscation and deafening silence.
There is an expectation, by some at least, a line drawn in the sand, that an announcement should be made at ASCO. As some MB members have opined, including you, a lot of the steps outlined by LP should already have been accomplished or nearly so. NWBO should have already submitted SAPs.
My network and I believe that if ASCO comes and goes with nothing and continued silence and no guidance, the attack by shorts will be ginormous. This attack will be coupled with longs reassessing their positions and hedging their bets. Many will be fed up. The pps will dip to all time lows and perhaps single digits. NWBO will have lost all credibility. Naysayers' increasing chorus will be that the primary/secondary endpoints have been missed and that NWBO is hoping for a "miracle" on a fourth down hail Mary touchdown pass. Even if results are impressive, the then extremely low pps may not even spike up to a dollar. Remaining longs will take advantage of the spike, sell and be done with NWBO. The pps will settle back and continue to erode awaiting RA approvals. Even approvals may not do much for the pps. The stock price will have by then dipped to the lower double, or even single, digits due to lack of news, time and toxic dilutions at low stock prices. Management will have no credibility whatsoever wrt to the initiation of commercial operations. Wall Street will adopt a "wait and see" perspective on market penetration, revenues and profits. NWBO will be a very long way from any break-out, mini or otherwise.
Thus, I believe that it is critical to meet the ASCO timeline. No industry theatre reservation also spells disaster. Why continue spending money on big booths again for nothing? What was the reason for DI's hire? Where is the better story indicated by board member Jerry? Or is he following the LG script?
As they say-----stay tuned. JMHO.
In brief, yes.
I am a cocker spaniel not a boxer. But I'll go a few rounds at the pub.
It will EVENTUALLY happen.........that is what scares me. I know quite a few relatively large investors who think, or better put, have a perception, that it is time. While I do not believe it will occur during the 4/16 conference, upon information and belief, these investors are looking at ASCO 2019 as an outside limit.
If ASCO comes and goes with no announcement and silence, as is their pattern, these investors, including myself, will reassess our positions and likely hedge our bets. Most likely, in such a case, the pps will in relatively rapid order dip to new lows occasioned by investor frustration and being fed-up and MM manipulation. I would not be surprised if the pps hits the low teens.
Even if the announcement, when it comes, most likely later in the year if not at ASCO, is very positive, I don't see it spiking more than 5x~6x over then prevailing market prices. If the pps dips to, say, $0.14 about the time of the announcement,, post announcement the pps will still be below a dollar. And most likely, the pps will erode after the initial spike, awaiting RA approvals, sometime towards the latter part of 2020 at the earliest.
That is why timing of the announcement is critical in addition to "home run" results. If the news is announced at ASCO, and is very positive, I see a spike and sustainability over $2.00/share. Just a guess, but there may be BO offers in the $3~$5 range. Delay and silence is deadly even in the face of "good news".
That is why I hope it EVENTUALLY does not happen. I hope it happens by ASCO. Otherwise the pps will be severely under pressure. JMHO.
I am not concerned by your lack of concern. You asked, I answered. Follow your rationale.
GL.
I do, I do. Seriously.
Later my fr..........ooooops, bro,
Ummie
Well, GGB, if we can't be friends at least we are bros.
And just because individuals have different and even opposing viewpoints, it does not mean they can't be friends or even to be married to each other. Don't get excited bro, this ain't a marriage proposal. LOL.
Later bro,
Brother Um
GGB:
My goodness, GGB, I pay you a compliment for your bravery and I get vilified in return. Willing to go down with ship is just a figure of speech signifying serious situation. The good ship USS NWBO has hit an iceberg(if it misses ASCO and/or has mediocre top line results) and this is a serious situation. It may take on water(loss of share price), but it is not necessarily the Titanic----yet. The ship has not sunk. Indeed, if it is just an inordinate delay in announcement of top line, the USS NWBO is salvageable. While it is crippled(stock in the lavatory receptacle), stellar results may just be the lifejacket needed. Of course, it is no longer a luxury cruise(questionable whether the stock will ever hit a buck), but it can limp into harbour. But just the intention to stay with the ship no matter what is laudable.
Why excoriate me GGB? Can't you take a compliment?
Not at all. Just sharing an opinion. It is not my business to know what you do with your investments. I don't really care what MB denizens do.
You do your DD and make your decisions. If you are convinced, nothing I say should make any difference. If you wish to ascribe nefarious intentions on my part in rendering an opinion, fine by me, don't really care.
Good luck, whatever you do. But do me a favour, don't tell me. Thanx.
They are very busy people so no real in depth discussions about the science. But here is the bottom line.
The science is solid and elegant. They have really no concerns that it works. They are very familiar with the JTM and SNO update. Their colleagues and network are aware of the trial and of course science. This is closely followed by their community. They firmly believe that the FDA will approve. When? Well it depends on a lot of factors, but an outside guess is certainly by 2021, if not sooner. No in depth discussions here because it is really speculative.
They do not know whether the primary/secondary endpoints are met. But they are not concerned about this in terms of ultimate approval. They believe longevity and working across various glial cancers to a greater or lesser extent is the key. It appears to work extremely well in the methylated group which according to the JTM is quite significant. It also appears to work, to a lesser extent, on non-methylated. Since these cancers are highly heterogenous and mutative, they cannot be classified as purely one or the other cancer category. Thus, they believe in broad approval. They believe the FDA will leave it up to the physicians and their patients to decide whether this therapy is appropriate in particular cases. They are not concerned about the short term and are young enough and in good financial positions aside from their NWBO holdings. They can afford to lose on this investment. In the long term, because of their cost basis, they believe they will make out well, even at a dollar. They have no timeline. This investment is tucked away for the future and they are well diversified. They believe in the science and want to help their patients, period.
My investment community network also believes in the odds that reg agencies will ultimately approve, meaning above 50%. But they share the same thoughts that I have expressed in previous posts. Bottom line, not withstanding how my physician's network feels, they(and I) believe that ASCO timeline is very important. If it is not met, and there is no counter acting news, they see a vicious assault on the share price. It may see new lows. If top-line results are not stellar, well, that is all she wrote. Stellar to them means that the primary/secondary endpoints are met. My view is that these can be missed IF other criteria are stellar. Some are thinking of hedging their bets.
That's it and all I will say on the subject. JMHO and theirs. Over and out.
OK, Marzan. I respect you. You are an honest man. I apologise for having misjudged you. I was wrong. The Dr. Bosch comments are encouraging. No other way of saying it. Dr. Bosch is an honest scientist.
Thank you for sharing. I know you are an enthusiastic supporter and I hope that things work out well.
Kind regards,
Umibe
Two of them are oncologists familiar with this discipline and one is a neuro-surgeon for starters. Others are sophisticated investors in this field one of whom recommended NWBO to me.
What are your credentials?
Besides telling you that Malik was going to London for some business what else did Dr. Bosch say? Seems you had a great opportunity to ask some questions but you rather chose to pleasantly chat about the "weather". The rest of your post is your take on things. That is irrelevant. Dr. Bosch's opinion is. JMHO.
GGB:
You are easy to make laugh. God's gift to a stand-up comedian if you were in the audience. Anyway, my posts do serve a good purpose on this MB yielding some much needed humour, even if unintentional. Anyway, keep laughing and hope that you have the last laugh.
Your friend,
Um
GGB:
Exactly what I like....a poster with firm conviction. Someone who like a captain is willing to go down with the ship. Anyway, hope your boat floats.
Hi Sub Atomic:
Nobody can say and NWBO is not hazarding a time line. They are leaving the "arithmetic" to investors. If investors get it wrong, well, it is their responsibility.
I suppose you can look back on various events. How about the partial hold? NWBO expected that it would be lifted in a matter of weeks. What happened? A year and a half passed. How about the string of positive PRs LG heralded on several occasions in conversations with a number of investors? Swept under the rug. How about the filing of the court case LG said would be part of the string of PRs? Timing is not right now. I could go on and on but you get the point.
When NWBO management, especially LG, says something, they invariably get it wrong and invite lawsuits, even though both LP and LG are lawyers. Understandable about the silence especially when a poly-sci major runs rings around them. Embarrassing. Brought this up with LG a number of times. Response? Sorry, have someone on another line. Disconnect. You just can't make this stuff up! LOL. It would be funny if it were not so tragic. And it is unbelievable how vehemently opposed to contrary opinions a number of longs are in face of all this. If the longs are so confident in their DD, why should they care about my posts? Seems I and others who are not polly-annish about what is going on have struck a nerve. Rather some longs enjoy patting themselves on their backs with extravagant claims of multi-billion BOs, rocketing share price to da moon, top line could be announced as soon as the April 16 conference but if it isn't announced by ASCO, well, no big deal, anyway this is a looooooooooong term investment which ultimately will be successful so no concerns about the effects of traders and manipulators, etc., etc. I don't know about you, but this is all wearing a bit thin. JMHO.
Imagined incongruence. The word "wise" is modified by the word "may". Meaning that such an option, at least to me, is not to be discarded cavalierly. The word "may' strongly implies "thinking about it" but no decision is yet made.
The paragraph below simply means that as, if and when I make some decision that is my business and not anyone else's.
Really? Now we can hire a CFO!
Was kidding about the wolf pack. Just wanted to tease GGB a little. I don't think they are corrupt. Misguided, yes, to some extent. Wrong decisions? Indeed. Responsibility, at least in part, for the devastation the share price? Yes. It is not 100% due to the wolf pack.
But... to be fair, LP has rescued NWBO. And has had her challenges. Don't know if another CEO could have done better. Did she make out on Cognate and lending money at 10% with convertibility, etc? Probably, but don't see anything wrong with that. I could have gotten the same terms if I put in the same amount. I chose not to because I did not have the funds available and thought too risky. I have a lesser opinion of LG. And......I think that DI is an unnecessary hire at this stage of the game. See little value other than acting as a layer in taking over communications with investors. But LG continues to write the script and supervise the function. So instead of his own locomotion, LG is riding a steed named Innes. JMHO.
Evans:
All opinions result in influencing others. Indeed, not only I but others on this MB have drawn lines in the sand and have indicated that they may bail. Nothing wrong in opining this. And it may be an opinion in the moment subject to change. Nothing about NWBO is written in stone. Selling some shares is an option. It may be wise to hedge your bet given what we know about NWBO. Past seems to be strongly prologue.
What am I going to do? Sorry, my friend, but what I do with my investment is none of anyone's business. But if it is any consolation, I am thinking hard about it. I have been in NWBO since 2013. Have sold some but bought back more. Am an accredited investor. So I have quite some skin in the game. Have been fascinated by the elegance of the science. Once thought that this is a stellar investment. But........now I have my doubts for the reasons I have stated in my previous posts. OTOH, it would just be my luck that unloading my stake is followed by a "miracle" and all the years of patience dashed by such a move. Tough decision to make and, of course, and admittedly, some modicum of emotion is involved. Hope this helps.
Why at $0.17? If ASCO comes and goes without announcement and continued silence with appeal to the rational rather than the emotional to what info is already out there hand-holdingly communicated to fretting shareholders by our erstwhile new IR guy, and that is effectively the only" news", you can undoubtedly get shares for a lot less. And if the results are not stellar when at long last revealed, you will be able to get shares at a significant fraction of that. And if there is an R/S, the MMs will do you a great favour. There will be a fraction of O/S but at the same price or lower. Since you are in for the long term, this will yet be another solid buying opportunity. As someone on this MB has opined:
"Different strokes for different folks". JMHO.
Indeed, Bio. This is a very long term investment. And as Cherry Tree stated, even if the results are positive, the MMs are prepared with all sorts of arguments as to why the results will not lead to approval, etc., etc. And the more time that plays out to top line announcement, more uncertainty builds and greater volatility to the down side. Even if approval issues, the naysayers will be prepared with all manner of arguments about commercialisation, incompetence and lack of credibility of management, etc., etc.
Like a pit bull, these forces have bitten in and won't let go. They have powerful jaws and enormous resources. They will never give up. They can get to anyone with an "envelope" or a thinly veiled threat. Even LG has said this. They are a nasty bunch. The science may be good for patients but the investment may not be good for shareholders. Hard to see how you can win in the face of all this.
But one thing we agree. This is a long term investment. However, with all the dilution, and still to come, and market forces routinely "turning any good news into bad", I don't believe the ROI is worth the patience. We are closer to our Proxima Centauri destination with pedal to the metal but still far beyond reach. But, by all means stay the course. We just have different viewpoints and that is what makes a horse race. JMHO.