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Perhaps and maybe the market is nervous because axovant sciences ltd (also active combating alzheimer) failed its phase 2. And of course we all know that axovant will be a complete failure.. but sure axovant is still worth around 2 billion $....
its option traders as far as I can see it Friday the 16th... :(
You so love this? Well its all peanuts if you consider what NWBO needs coming months approx $ 16 million...
So let me get this straight NWBO's payment obligation for the coming 4 months:
June 20 -- Payment by NWBO due -- 5.5 million
June 30 -- Repayment on 1 million dollar loan due.
Sept 7 -- Approximately 3 million
With lets say a total of 1,5 -2 million per month regular cost is approx
$ 16 million until sept. This with a SP around 0,15 and only 60 million stocks left to sell...
If topline results are released in July or august then sure the SP might rise.
I sure hope LP knows what she is doing
wow that was quite a speech thanks, sliceanddice59 !
All happing this year but Missling promised us in the "first half year of 2017" so thats 2 weeks and a bit left...
Unfreakingbelievable
http://www.amgen.com/media/news-releases/2016/08/amgen-and-advaxis-enter-global-cancer-immunotherapies-collaboration/
http://www.reuters.com/article/us-novartis-aduro-cancer-idUSKBN0MQ1UK20150330
No BP knocking on NWBOs door with a fist full of $???
NWBO is only 100 light years ahead
Thanks Biosec for you input.
I still think that NWBO was highly convinced the SP would rise after June 5 to over $ 1 and they could cash into the warrants next week. Now that is not gonna be and they cannot issue shared until the 30th, they have to come up with something else on Monday.. so ...
anyway, thanks and lets keep fingers crossed
aha ok thanks a lot, I appreciate it.
No again if its a failure then we can award Dr Bosch an Oscar for best performing actor in Asco the Movie. LOL
All joking aside the topline results will be a great success, we know that 98% sure since June 5 (and 75% sure prior to June 5).
thanks
Hi Bio,
I have always valued your input. So thats why I really would like to know your input on the following. Myself Im a bit concerned on whether the management is gonne default on the debt due the 20th since they are not allowed to sell shares until the 30th...
looking forward to hearing your side. thanks
If the top line results would have failed then Dr Bosch must be granted an Oscar for best performing actor in Asco the Movie....
I want to know too what the hell is going on.
The not dilution until 30th, The warrants expiring with $1 buy price naivety, the filing yesterday indicating that they needed more time to get the institutions in, the debt due monday and how to finance it if not allowed to be financed by shares in any shape or form.
I have a lot of Qs myself too...
If you say its true about Sabby's rep then it just comes to show that NWBO was desperate making a deal. I hope of course for Monday due they have got an alternative act together....
It would have been great if the NWBO management wanted to get the message out "do not worry" we will not dilute until the 30 th. But its not for us retailers but for the buyers of the warrants. They sold warrants and therefore the right to buy the stock for $ 1 until June 22 to investors. Now, of course, the buyer of the warrant does not want dilution before they can exercise the warrant. Which comes to make me believe that NWBO, really thought that after June 5 the SP would go up over $ 1 on Dr Bosch speech... concluding that NWBO management really counted on the $ 20 mln coming in from the warrants expiring next week which not gonna happen unfortunately
Btw
Exempt Issuance means the issuance of (a) shares of Common Stock or options to employees, officers or directors of Company pursuant to any stock or option plan duly adopted for such purpose, by a majority of the non-employee members of the Board of Directors or a majority of the members of a committee of non-employee directors established for such purpose, (b) securities upon the exercise or exchange of or conversion of any Securities issued hereunder and/or other securities exercisable or exchangeable for or convertible into shares of Common Stock issued and outstanding on the date of this Agreement, provided that such securities have not been amended since the date of this Agreement to increase the number of
well the only thing thats different that was already in there that almost everybody including myself overlooked is 4.13
************
Subsequent Equity Sales.
(a) From the date hereof until 30 days after the Closing Date, neither the Company nor any Subsidiary shall issue, enter into any agreement to issue or announce the issuance or proposed issuance (or exchange, or proposed exchange, of securities of the Company, including but not limited to an exchange similar to the transactions contemplated hereunder except as permitted below) of any shares of Common Stock or Common Stock Equivalents, other than Exempt Issuances.
********
So theyll have to come up with another way over paying the debt then dilution...... how ...? mortgage on the property in the UK? private loan? dunno
Thx Senti for the explanation.
I hope you are right and LP is creative in finding the way out
sure looks that way. where the hack did that money come from and if so is there more where that came from?
Ooh sure for a neutral bystander its most interesting. For us longs and more important for the patients its not funny anymore...
NWBO really has locked itself in, in every which way
wow senti thanks for the sumarized overview.
It starts to dangle more and more to me that the management really, and if its true OMG how naive can one be, the management really thought that after June 5 Dr Bosch speech, the SP would soar to Disney land levels...
For the life of me, I can't imagine NWBO can be that naive, being pounded by the shorts for what 1,5 years now and then all over sudden the short would give up because of a happy Doc at a fair? No way.
With these restrictions as you summarized Senti, they must have had something else up their sleeves...
Anyone, please enlighten me
Flipper, I am a little bit confused but the pause merck announced on the Keytruda combo studies/trails. Does this affect NWBO DCVAxL?
Thanks Sander
https://seekingalpha.com/news/3273019-merck-pauses-enrollment-two-keytruda-combo-studies-multiple-myeloma-investigate-deaths-shares
Yes the market is anticipating a dilution around that price could be 0.13 could be 0.14. I hope not ofcourse. anyway Thats why we are down.
again the problem is not the companies pallet of fantastic cure for cancer. The problem now, after June 5 is that the market is expecting for NWBO to announce it has dumedp 100 million shares somewhere at .012 or around that SP :(... if NWBO would release a press statement that it has arranged $ without toxic dilution for lets coming 6 months, the SP would go to $ 1,5 or more...
thx riaguy for the answer
So nothing but good news for anavex but a big piece of the PPS chopped of any way :(
anyone any clues. ?
Btw does anyone know if Zacks Investment upgraded or downgraded anavex?
Thanks
Yes I agree. Im not 100% sure that prior to June 5 they could have done a much better job in financially structuring the company with all what has happened and all the uncertainty what they had to deal with but now there is no more excuse..if they now land a financial healthy financial structure the shorts will be flushed out as well .. anyway good luck to you too.
Doc,
You describe a dark but realistic outlook if the NWBO management chooses to not to select one of the dozens of white knight investors and or refuses to collect on an upfront payment of royalties from for ex. Asian BP and or well etc. NWBO after June 5 has plenty of options to restructure its diar financial position. If it chooses the most simple solution for which no effort is needed: dilution at 10 cents as you say. Then it has zero creativity in the post-June 5 reality...
Hey JoeCay,
About your
****
Cat will be out of the bag when results are released. I figure Angel investors are lined up for the news release.
****
Q. IMHO after June 5 angel investors, BP's with upfront royalty payment, new nontoxic other backers could be no should be lining up today already with one day work if NWBO management wants it to be like that.
If LP will let NWBO go to chapter 11 or comes up with toxic financing then that is a direct choice since June 5.
This is America where deals are made in 5 minutes for companies at the stage where NWBO is since June 5..
Everyone now knows what the top line results will be, so why wait for them? what do you think?
Flipper "with all warrants exercised" if the warrants are exercised its above $ 1.... meaning that in that case, the market cap is so much better, right. So that scenario would not be the end of the world
Right on Bio!
The debate on this board on the trail and technical implications have been settled. NWBO has the best pallet in fighting cancer WW period. The trail data will come out in July I have no doubt no matter if the two last events happen or not.
The only and really only question remaining is how to fight the mysterious massive shorter trying to kill the company. The only and really only way is with pre-payment on royalties from Merck, BMI etc or a normal last big investment.
All good news, even the trail data coming out with great results will only invite the mysterious shorter to slam more as has been done over the last 1,5 years even after last Monday.
You know what, without $ even a FDA approval will not get the SP up because NWBO is not like other biotechs. It has a big player who does not want it to succeed and with every good news coming out this horror shorter beats even harder. Only a lot of nontoxic $ for NWBO will get the SP over $5..
LP know she cant rely on good PR pumping the SP up... the way they are conducting their business as if its business as usual. The combo, ASCO, the last structure.. something $$ good is coming for NWBO
IMHO
ooh yes you did at #15 haha overlooked it. well perhaps one day we will learn what that was for
Flipper if you dont mind I would like to add one,
No one expected the mysterious hold on the trails and the lift of if last Feb without and explanation from NWBO management... what the hell was that all about?
I fully agree with you.
Thanks for the update Flipper
and we seem to forget here that if the publication about data is in preparation with the investigators, then this will not take untill fall...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131924691
small correction gotte say this. In Europe, The Netherlands it is NOT allowed to short a stock that is in trouble and only with the 40 biggest companies such as Royal Dutch etc. Shorting Small caps such as NWBO would not have been allowed under any circumstances for obvious reasons. That's why a bio stock such as Dutch Belgium Galapagos was able to grow from a small cap to a top 40 company.. with all its trail failures I want to add.
Flipper, how can a big pharma pull that off without violation a few sec rules? Like fe notifying the market when hitting 5%?
Flipper,
But isnt it true, that its clearly so that under "normal" circumstances NWBO really would have wanted for all events to happen before data would be unlocked...
Now that NWBO is in such financial dire situation they have no choice than to really trigger the data to be unlocked. And if they do not do so would that mean stubbornness which could mean their downfall?
Or dont they have a saying in triggering the unlocking of the data we are all waiting for?
Ps after the unlocking of the data with positive outcome I personally do not believe that this means an immediate end of the financial problems because the SP will jump sky high. More is needed for that, unfortunately. For NWBO different rules apply than other companies such as Kite etc
I would really appreciate your inside on this.
Thank you
Sander
woopsie it was in there too hahaha my bad thx Flipper for the info
Hi Flipper,
I would really appreciate it if you could answer my question on the following. In NWBO's FORM 10-Q | Quarterly Report of May 15 2017 NWBO states under point 2. Liquidity, Financial Condition and Management Plans "Because of recurring operating losses, net operating cash flow deficits, and an accumulated deficit, there is substantial doubt about the Company’s ability to continue as a going concern."
Signed Linda F. Powers
There is substantial doubt about the Company’s ability to continue...!
Why is no one here on Ihub, since May 15 because of this, drawing the conclusion that NWBO is warning for a very imminent chapter 11, BR here?
I mean isn't NWBO very clearly stating that they are not going to make it and are heading for BR?
What is going on? If so then why are the shares traded at 0,16 and not at lets say $ 0,03 or 2? Ps we all hope they stay afloat!
Thank you very much for answering.
Sander
Hi there,
I have a question for anyone with expertise on NWBO.
NWBO's FORM 10-Q | Quarterly Report of May 15 2017 says under 2. Liquidity, Financial Condition and Management Plans
"Because of recurring operating losses, net operating cash flow deficits, and an accumulated deficit, there is substantial doubt about the Company’s ability to continue as a going concern."
Signed Linda F. Powers
There is substantial doubt about the Company’s ability to continue...!
Why is no one here on Ihub, since may 15 because of this, drawing the conclusion that NWBO is warning for an very imminent chapter 11, BR here?
What is going on? If so then why are the shares traded at 0,16 and not at lets say $ 0,03? Ps we all hope they stay afloat!
Thank you very much for answering.
Sander