No point in selling at these levels....if it was $5.00 + I would take some off the table I will admit.

I would be delighted to be wrong and I'm not certain I'm right so clearly I'm holding.

I have much less doubt about the science to the point of actually believing in it. I do have concerns about management. I do not believe they are crooks or are untrustworthy but I do believe they have misunderstood completely investor feeling around governance and with all the various issues they face it would have been better for them to have spent less on a trade booth for example and actually hired a seasoned CFO that could have steered us a better path from a cash perspective. Delisting was self inflicted and they have misunderstood the resource and experience required to deal with the more unsavoury part of being a public company.

So Linda Liau is delivering groundbreaking science and Linda Powers whilst investing a huge and essential sum of her own money to get it to the point of a phase 3 trial has not as yet delivered an environment where institutional investors have enough confidence to invest and part of that has to be about the way she runs the company. As Chairman she controls the make up and structure of the board to create an environment where experience and talent flourish alongside corporate governance and as CEO she sets the strategy which the chairman and the non executives scrutinize and she does this whilst also being the CFO and so from a governance perspective she is being stretched to a level where mistakes may happen. Linda Powers is in my opinion an honest and well meaning CEO but that does not mean she has built a strong enough team of experience around her to cope with everything and the kitchen sink being thrown at the company. Out of interest is she the only qualified finance director on the board or is another director on the board from a financial background that carries the right gravitas and experience to see we don't run out of cash in two months resulting in a delisting?

Great science is not a guarantee that Northwest Bio will be a success but it is a guarantee the science will be commercialised and I want that to be Northwest Bio but take nothing for granted.

That's a good point but what evidence do we have that he would he know the reason? If Linda said it will be resolved quickly he could have taken that on face value....it does seem poor governance on his part and so unlikely but whatever the truth I simply don't get a warm and fuzzy feeling about his relationship with Management. if he lost trust in Mgt it might be why he has never invested a cent since.....despite the science.

Ok I will try and sum up my thoughts only -

The screening halt may or may not be connected to the trial design as the reasons have been kept a secret. I think it might well be related to the crossover arm and / or the initial enlarging of tumours before actual shrinking in those given the vaccine. Incorrectly measuring PFS based on measurements in SOC real life situations. We are now getting a heads up about this from LL in her recent presentations and from her earlier leaked YouTube video. It's a good thing everyone is living longer but from a trial perspective I am assuming we need a measurable difference from those on SOC / Placebo versus those on SOC / Vaccine recognising the reactions of those on the vaccines initially.
It's all in the LL latest video released online last week. Everyone will have an opinion on this and I might have got lots of things wrong...the problem for me is that the company have stayed silent.

I believe someone somewhere probably leaked information from the trial early on and the shorts piled in safe in the knowledge the trial was in trouble. It is very odd why shorts even recently pile in on an upside of 50cents verses a downside of potentially significant sums without having some kind of inside information. This makes me very nervous. They might be having second thoughts today about shorting but their strategy was set in stone ages ago and safe in this undisclosed knowledge they placed a huge bet and so today they short and manipulate to look for a way out by being at the centre of financings below market price and with warrant coverage etc. Of course bankruptcy fixes a lot of issues.

Some knowledgeable posters got an early heads up of trial leak and completely turned 360 in their opinion of NWBO.

The company have maintained a silence throughout so I assume it's not good news re the screening halt despite Linda Powers comment it might not necessarily mean so. The silence has been very damaging to the stock and the only way to turn it around was to play for time....giving the shorts every opportunity to sink the share price.

I think Linda and the management team persuaded interested parties it was worthwhile to continue the trial as the science was obviously good. The trial needed to demonstrate long tail survival and I don't know enough about the way these things work but it might not be the measure used to determine success upon the trial despite it obviously being very good news.

It could go either way of course but the circumstantial evidence with short behaviour coupled with management silence and Linda Liau's videos lead me to expect the worst while hoping for the best....

Well I take the view point that the science works but we may have failed our primary endpoint....we will see.

Having just delisted from the Nasdaq why are some people expecting game changing positive news within 5 working days? Am I missing something here? If any news was likely that might be considered a rabbit out of the hat then would it not have been more prudent to hold on until after they get news before delisting and switching to OTC? Any assumption being if it's a slam dunk then investors will be all over the stock and they could dribble over the line until a financing could have occurred on the Nasdaq.

I believe NWBO is a good medium term bet ( 6 months + ) .....IF....it can get itself through the next 6 months of being starved of cash. I'm assuming we get some disappointing news coming before the year end with regards to the trial design and the criteria to get approved and or another toxic cash raise. We might get a PR about another combo trial which is good but on its own it will not stop the pressure on the stock or the problems management face.

I think NWBO remains in intensive care until they create an environment where genuine long term institutional investors have the confidence in the science and management. Delisting was imho all a result of emergency survival direct action designed to get cash in fast....so probably today or tomorrow we will hear about some further cash raise. It was never about creating a squeeze. It hurts to say this but the shorts are still in complete control of this stock and they remain confident they will be proved right....

I do admire the positive sentiment on here but I try and look for solid reasons to be positive as opposed to seeing everything with a positive bias and regrettably I now believe after years of investing in the science and the company that there is no brilliant management master plan to get through it.... only the science and the timings of approval will get us over the line and hopefully before all avenues of investment have been closed off.

Wishing for a positive end to 2016 for NWBO investors....and hoping to be wrong about all of the above.

He is full of hope and nothing more... .i think that is a polite answer

The move in the stock over the last few days is most welcome but the big question here is the news coming on or at the AGM. The stock movement has been owned for well over 18 months and it is still owned now. HF's that have shorted NWBO have shorted lots of other stocks and they spread and play a numbers game. I doubt they are facing destruction as they have made a bucket load to date. We have been here before in terms of huge volumes only for it to be walked back down again. Of course that does not mean it will happen again and so it all comes back to the news ( whatever that news might be ) on the P3 trial.

The shorts have up until the last few days correctly called the cash raises and understood the likely timings on approval and ultimately revenue. The announcement of delisting is not great if I'm honest but with some light at the end of tunnel for the P3 trial it might well have unnerved the shorties....time will tell.

Thank you

What is coming then? i know your quotes from sources are unattributable but I was not aware the content was also off limits as well.

If it was 50k shares it's worthy of discussion.....otherwise

I agree with that....let's see what tomorrow brings

I'm genuinely interested in why you think he wanted a reverse split? With the stock at the current prices it's chicken feed for him to increase his stake without further crushing the stock. If I'm honest I'm confused about his investment in NWBO and not sure if he is a genuine shareholder suffering just like the rest of us or he is playing a game in an attempt to influence a change in strategy or ownership...

Yes - check him out on LinkedIn
Yes
Yes
Yes
Much the same as this latest article
The Sunday Times
Yes

Very good....of all the pencils in the pencil case you are most definitely the sharpest.

Is that opinion or fact? Thanks in advance...

As far as I'm aware nobody needs to hand back their shares and see them re-issued ...it's simply a suffix change on the ticker and the shorts are able to continue shorting...nobody needs to cover and this was not about creating a short squeeze. It was about fixing a non compliance issue around the rules of being listed on the Nasdaq as already pointed out.....However this is my opinion and I do not know for a fact...

True and it depends on the price agreed for this buyout ( if it happens ) if it's good for us or not....Mr Woodford is key to this....

If the science is good then we have Linda Liau to thank....I agree it will deliver a strong recovery but it will mask the governance issues that will leave the door open for further issues down the track....I want management to shut down any possibility of further attacks on the stock by finishing off the investigation and strengthening and more importantly be seen to strengthen board governance and its communications strategy with shareholders.

To add.... I will thank management when they make some money for shareholders until then it's business as usual.

Well that indeed would be very disappointing but sadly no longer shocking....if true, I would then have hoped that Management had a means of appealing the ruling in private before having to take the major step of delisting from the Nasdaq....I guess it comes down to how quickly they needed the cash and obviously they made the correct commercial call.

I was pleased management offered up a timeline with Phase 3 - it has lifted spirits on here and I would welcome a more transparent communications strategy with shareholders. I really believe there is just way too much mystery and fog with NWBO by staying silent on a whole host of issues for way too long with snippets and half truths leaked out through unattributable sources. Attracting genuine longterm shareholders, retail or institutions has got to be a key strategy and improving communications and corporate governance and be seen to act swiftly in areas where governance is weak is the first step in turning around a truly awful 18 months downward trajectory.

So is it the position that the Nasdaq ruled or acted in a manner that was different to how they would have acted with other companies in a similar situation? Have NWBO been singled out by the staff at Nasdaq for "special treatment" that is so bad as to make the staff at Nasdaq look on the surface that they are supporting a wider game plan of destroying the company?

Or is it a reasonable position to take that management having completed a number of raises over the last 18 months with the devil itself found themselves in a position where those financings all carried a very nasty after taste which in turn meant it was always inevitable that it would be starved of cash and fall foul of some rule designed to stop them breaking the cycle of poisoned pill financings?

We will never know the truth I guess and while I think some out there clearly want NWBO to fail I doubt very much that their reach extends to the NASDAQ getting away with treating NWBO any differently from any similar situation in the past with other companies.

What their bottoms ???

Whip their bottoms....lol

I think that is a very credible possibility....

Is there any reason why you cannot name your source? If you know this to be true based on a member of management or someone in the know then it's not inside information as I presume you have not signed a confidentiality agreement? So either your source is just guessing or they know something but have not signed a confidentiality agreement themselves in which case please reveal your source. Thanking you in advance

It would be quite stunningly brilliant if LP can deliver an ace card....I personally believe it all comes down to the timing of approval and receiving revenue as the ONLY news that Mgt can deliver that will create a sustainable upward momentum that sticks.....so we are talking L approval and I believe that is Q3 next year at the earliest. What they do between now and then to keep going determines if I make a lot of money or make less money or burn all my money invested in the stock.

I agree 100% but it's happening.....just look at what happened to the stock after the news in November. Trying to understand the strategy of the shorts is key to understanding what is going on here with the stock.

Bang on....the shorts are several hundred million miles away from getting nervous. They have literally made hundreds of millions shorting bio stocks and are about as nervous right now as Mike Tyson would be going into the ring with Woody Allen

You don't need to switch off a website to update it....its not vinyl. It is probably the host server suffering an outage but indulge everyone for a few minutes a more positive scenario

A14door .... let's have a chat in January.

I understand what you getting at now....just don't understand enough about OTC to be able to add anything

I honestly don't know as the timing of delisting verses releasing of material news sounds like some shareholders other than those naked shorting might have a case against management if they sold or were forced to sell.....Are you assuming the company has gone private or has simply announced it's going to go private and then releases news before it's actually delisted?

You want any delisting ( if that is on the cards ) to deliver a short squeeze. This would result in a share price increase giving the company a market cap of say $1B which on release of good topline data two weeks later would add huge value to the stock price if valued as a multiple of 10x estimated income from DC VAXL ..... months later or post FDA approval they then do an IPO and the stock goes up further....

Thank you DoGood .... I appreciate your answer and can accept much of what you say prima facie but I have to ask you do you know or regularly communicate with Linda Powers ? You don't have to answer me and I'm not suggesting anything unethical is going on but if you do I think you can understand the point I'm making.

It's dead easy to find.....you cannot miss it.
Just off the M11 at Duxford and follow the road signs to Sawston - Direction to Saffron Walden and at roundabout ( MacDonald's on your right ) take the first exit towards Sawston and then follow the sign for "spicers" - cross the rail line on your left and turn first right. It has security but you can turn around in the car park. If you PM your details I'm happy to give you my cell if you get stuck....GL

I can confirm that nothing is going on however.

Thanks Flipper

LG did use this term when we were discussing together the support the stock sees from a wide range of shareholders. I do not think he used the term to speak badly about shareholders but more in the context of very loyal shareholders when the stock is attacked by shorters. You only have to read our message board to see just how confused everyone is with what is genuinely going on....that is not right.

You make a valid point with the silence re the big guns being brought in to shatter the "criminal ring of shorters" but with the stock down 90% and the investigation ongoing and the prelonged silence do you not think management has accidently dropped the ball in terms of convincing the market the science works and the prelonged silence has in turn destroyed investor confidence. If you don't defend yourself then you get picked apart. I can only guess management have listened and acted upon the advice of lawyers aimed at trying to bring about a successful prosecution and this advice was given with a much shorter timescale for completion. They have gone past the point of no return but as yet it's not resulted in any charges, arrests or formal public statements so I can only presume they do not have enough evidence. That being said I genuinely don't know why they cannot state at what point in the future they expect to gain approval ( subject to the science and FDA approval etc ) and when they anticipate being able to offer a commercialized product. If we are close to the trial being completed then why not provide some form of update as to future timelines and expectations. I still find people asking me the reasons for the screening halt and I cannot provide answers.

I do not ask for investment advice but thanks.....I don't get involved in shorting and I'm in the same boat as everyone else "underwater". I'm just challenging strategy that is all....GL

Thanks and I admire your confidence...GL

Doc Logic

I'm frustrated with management silence and the failure to explain in public the timelines to P3 approval as they see it and subject to the science. It takes as long as it takes but no harm in providing a situation update.


Re Sawston - external fit out is broadly completed but the internal fit out is as I understand it not yet complete although some way down the track but I do not see much activity going on from contractors and in my opinion based on the cash burn it makes sense to slow non essential expenditure down. No real activity going on in Sawston at this time. I do believe it was a smart real estate purchase.

Sojourner55

Thanks for your reply and I respect your opinion and I would like you to be completely correct however I just want to point out why I find what you are saying at odds with reality.

No disrespect to Flipper, Senti, RK and Doc Logic.... I enjoy reading their posts and I find them helpful but it's not their job to inform us as to the progress in the science not least because they are not party to what is going on internally in the company. They can guess outcomes and state opinions but without all the inside information it's just that a guess....and I doubt they would want anyone basing their individual investment decisions solely on their opinions stated in here.

Then in turn you say you believe in the tenacity and resourcefulness of LP whose job it is to regularly communicate with shareholders and run a company that is structured with the highest standards of corporate governance that you would expect of a public company. She was comfortable having a sweetheart deal on the stock while everyone was getting diluted. Whatever the situation with shorts, under her strategy of silence the share price has dropped 90% - essentially priced to fail. It's nothing short of an utter cluster f*%k and you have and will continue to have any potential upside eroded away. She might be good but all she has achieved so far is to destroy shareholder value. Linda Liau in my opinion is the genius here for developing the science. Linda Powers for me the jury is out and I won't blindly support her without the means to challenge and question her strategy. It shocks me just how much support she continues to have without question or challenge...its crazy.

She may get it across the line and maybe all this will be forgotten but I want to point out that there is a very real risk she will either run out of cash or dilute herself and us to a point where we are so weak that a hostile takeover is in play. It's all about balancing time to approval ( seriously meaningful news with P3) verses cash burn and speaking with management I don't think that news is coming quick enough...

My final point -

Les G once said to me NWBO is a cult stock and has amazing support and following...it is true they really do have unblinded support but I take the view that those who believe in cults end up getting their fingers burnt by the leadership of that cult.

I just don't see that at all.....

The company needs cash badly.
We have issues with Nasdaq which need fixing
We have total silence over P3 including a screening of new patients.
We have silence over the investigation, German Insurance and UK fast track
We have silence on Direct
We have no updates on Manufacturing capabilities in Sawston
We have all witnessed a 90% drop in the stock
Good news is greeted with stock pressure
We have weak board governance
We don't even have a date for the AGM on the website for investors to challenge management.
We are witnessing widespread lack of institutional investor confidence or interest based on all of the above

And you think your best interests are served by no news on a continued basis = Better news to come.