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Thermo - Thank you for being so upfront.
Do you see this as a serious investment or more of a donation/good cause? If you didn’t have other non-financial considerations for supporting this company, would you still continue to invest in it?
Somebody(s) was/were exercising warrants the last couple of months. Not to say that’s necessarily Mr. T since there are other financial instruments in the tool box — but he can provide that clarification himself. The company clearly needs cash. So it appears they’re relying on their friends again. September submission means at best approval sometime toward end of year, perhaps into 1Q24. And that likely means the need for further cash infusions over the next few months.
Very much waiting for the 10Q.
Meirluc, the Q2 reporting will answer the question about sources of funding. Selling the Series C preferred is another possibility. I agree, they’ve likely been living on the exercise of warrants and options over the last month or so. The 10Q should offer some clarity on what’s going on.
Not suggesting that doesn’t happen at some point. The elephant in the room is when will they have a sufficient number of specials to achieve cash flow breakeven at NWBO?
Since in my newly anointed position as board monitor (laugh) I have certain sweeping authorities, if someone can write a solid financial analysis on the timing and cash flow impact of specials over let’s say the next 12 month, to include their a list of assumptions and justifications, I may consider placing that as Sticky of the Week. Depending on the peer review from the MB.
I doubt there’s much cash flow from specials over the last quarter. But we’ll see very shortly. The company’s cash burn is well over $1 million per week (~ $13 million per quarter). So there has to be a significant source of revenue and cash flow to cover (or net out) that short fall.
Did they ramp up almost over night to fund that gap?
At this stage, the company appears to be operating on cash from the exercise of warrants and options, and that’s contributing to the downward pressure on the share price. Three million newly issued shares over the past two weeks and ~20 million since June 28th, for a modesty traded OTC stock is an awful lot.
The 10Q ended 6/30 should be interesting to see where their cash is coming from if other than just warrants. And whether any sweeteners were offered.
I think my post was spot on.
And it is true, I would never invest in another one of their investments. And frankly, had I known then what I now know of course, I would have sold NWBO a long time ago. But time is a good teacher.
Had I predicted in September 2016 that on Thursday, August 3rd 2023 NWBO was trading just north of 50 cents, I can’t imagine what the reaction would have been. I believe my first buy was around $4 per share.
Good time to discuss doxing. Already that threat has been made, and it’s been made in combination with others, including those that may possibly have some (and I stress may) affiliation or connection with the company — I think that’s called a conspiracy? At this stage a lawsuit would need to be filed and adjudicated. And I do know some of you already:)
I Googled a primer for those to read. Just for educational purposes. It’s really just a civil case, but could broaden to criminal depending on the circumstances.
Viking, just curious, are you saying this as a first hand witness, or something Les told you?
Crash, you obviously know how much I own. So I would love for this to be a trillion dollar company. But today the stock price is 52 cents.
Do you want me to sticky that?
That’s what I say,
Really?
Dstock, I’m obviously not going to spend a lot of time with this. Really no worries. I’ll sticky the specs for a Boma.
Crazy isn’t it.
That’s what I thought!
Remember Crash, if I have to bring a lawsuit it will go up the chain. I still find it hard to believe the information you shared. And if you’re associated with the company, it might get interesting, Dave.
Hope you’re not.
Hey Jar, I’m as surprised as anyone, this “invite” really just showed up in my inbox. Is this the reason the stock closed down again?
Maybe JC or some else recommended me, or just a mistake? Was going to decline the ‘invite,” but figured what the heck, I can take myself off later. I have no idea what a moderator actually does or how this works. But I’m obviously not removing anyone’s post for stating their opinions, and if I make something a sticky it will be fair, balanced and informative.
No idea what the status of JC as a moderator.
Not sure I have enough driveway space to park your clunky car after I take possession.
You could, and my lawyer would be contacting you.
Stop apologizing for all your boring bullshit, especially when I catch you lying. Take it up with Crash who let it out in public. I didn’t mention the firm nor the name. Both pieces of information come from Crash.
You’re not making insinuations and confirming the name that Crash posted?
Dude.
Absolutely no insinuation if you read my post again. In fact it’s Crash and you that that are sharing names and information, and making insulations.
I’m almost dumbfounded by what he and you are sharing.
Was Linda Powers an executive with Enron?
Thanks for the reminder.
Crash, you do recognize that one of the larger warrant holders in fact worked for a hedge fund that was indicted for stock manipulation and insider trading.
Not suggesting that individual was involved in any way or even there at the time. But not really a good idea to keep throwing that kind of bullshit around.
Alpha, that’s actually a flat out lie by Crash, and he knows it.
Alpha, we likely know someone in common. The surgical oncology community is small.
If you want to private message me with a way to make contact maybe through your office email (I’m not a subscriber, so I can’t respond via Ihub), I’d be happy to chat and share my bonafides.
Or maybe there is that Friday Ihub Happy Hour that would let me respond. Not sure?
Thanks Alpha!
That’s definitely the goal.
Alpha is the best.
Top of the heap.
No argument from me on that score.
Thankfully NWBO isn’t my only investment, or I’d have to worry about your grandfather.
I guess Linda and Les’s social media strategy is predicated on attacking their own shareholders that speak out. I get it, kind of Soviet style leadership. Crash’s violent temper is a bit much, but it’s all good. And the multi-alias retard is somewhat creepy, but it’s cheaper than paying him welfare.
I was thinking that maybe get above $1 intra-day (sometimes you get those spikes) I can begin to unwind. I’d be perfect happy at $1.
Here’s the thing. I knew there were problems after listening to the ASM. I’m just kicking myself for waiting too long to sell. Am I pissed? Yes, I’m pissed.
Okay I’ll be revert back to my more direct approach at Captain’s request.
So expressed another way: who in their right mind would acquire more shares in a company whose management does not provide sufficient updates; is well past what would be considered customary for RA submissions; it’s liquidity and funding are uncertain, and the share price continues a downward slide? Let’s not even talk about when there might be a listing onto a major exchange?
Mav has some legitimate points to consider. Something is just not right — how long can the proof reading go on? Really wouldn’t be surprised if there are no approvals until next year. August is very slow in Europe, and once you get into the holiday season in the 4th quarter, good luck.
At $1 a share, I would begin to unwind my position. But when was the last time we realized a share price above a dollar? These are dark times.
I get gas lighted a lot, but Doc’s a good soul. Unlike some of the other deviants.
Doc, could you provide an example of this re: regulators being schooled and why the submissions are late? Is there a connection here?
Crash, From the person that threatened someone with violence.
Another one of your aliases, eh?
Legend got it wrong. He’s not counting all the aliases you post under. Have fun at the movie theater this evening.
Obviously had his issues, but very talented in an offbeat kind of way.
That’s probably the only response that fits the circumstances. By the way, Peewee Herman just died.
Trust me, the fact that I could pull her along over six years while at least retaining three remaining teeth probably means I deserve a medal. There is one other person that helped, but she believes he should sprinkle salt on his money and “eat” (euphemism alert) it too. Full stop.
Seriously, this is an investment not a religious belief. The company should do a better job at updating shareholders to supply some level of the confidence for owning this stock. That would remove some of the uncertainty.
Right now, if I described the current situation as surreal, I’m not sure that would be an exaggeration.
Dstock, my wife just called me to suggest (euphemism alert) that I should sprinkle some salt on my money and eat it — rather than acquire one more share. This advice (2nd euphemism alert) solves two recurring daily problems: I not only know what to do with my money, but also know what’s for dinner.
That’s kind of what I thought. Look and act more like Einstein, hence the mustache and sense of humor in “E = M[C(Hammer)]^2 can’t touch this!” But more Oppenheimer in practice with your work at Bell and Sandia as a good comparison with Oppenheimer’s work at Los Alamos.
And both were at least honorary NJ homeboys.
Good movie, if you haven’t seen it.