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I agree. I interpret the PR from two days ago as a way to lower our expectations for the ASM. But I hope I'm wrong.
But no mention of a sales team.
Have to admit that the ASCO details about timelines etc. are a bit confusing. I'm hoping for the same.
Embargo & Release Information
Body
The majority of abstracts, including many that were submitted as late-breaking placeholders, will be publicly released on ASCO’s Meeting Library at 5:00 PM ET on Wednesday, May 19, 2021. Late-Breaking Abstracts (LBAs) will be publicly released on ASCO's Meeting Library at 5:00 PM ET on Thursday, June 3, 2021.
https://conferences.asco.org/am/abstract-policies-embargoes-exceptions
Love you too Sojo !
Touche !!
Heard on CNBC this morning. Apparently short interest in GME was 140% of outstanding shares, and SEC is doing squat about this (no surprise there).
Thank you !!
For example, if I have 200 shares purchased at a price of 0.30 during a past financing that came with 200 warrants. Why would I even participate even with the warrant sweetener ? Because I would believe that my investment has promise.
Now we are at 1.25. And I want to cash in some gains. The warrants are locked up till Feb 2021. I can still sell my shares and let the warrants ride. If that's the case, I would have already sold my shares at 2.40 or 1.50 or 1.30. With or without the warrant extension, I would have already sold my shares. If there is no warrant extension, why would I want to exercise and sell when I may have already taken some gains. I have recouped my initial investment with substantial gains and I am now willing to let the warrants ride - with or without a warrant extension.
Am I making sense? Just checking to see if my brain is functioning properly.
Fabulous work ATLnsider !! Many thanks.
Abeta, is this what you asked for ?
https://clinicaltrials.gov/ct2/show/NCT04201873?term=pembrolizumab&cond=glioblastoma&draw=3&rank=11
If Merck is looking to BO, they may be waiting to get a prelim look at the UCLA DC vax/Keytruda combo trial. Perhaps why they may be looking to extend warrants.
Do you have any idea why China's economy is back to normal (after a collective sacrifice of about 2 months) and ours is not ?
Seems to me like China is winning.
Merck sells stake in Moderna.
Building cash position ?
https://www.thestreet.com/investing/merck-sells-equity-stake-in-moderna-following-record-gains?puc=yahoo&cm_ven=YAHOO
Articles in The Lancet journals are published online on a daily basis, ahead of subsequent print publication. Our standard embargo time is 6.30pm [US ET] or 23.30 [GMT], which corresponds to the time the article is published online. Occasionally, embargo times may vary.
https://info.thelancet.com/press-room
The NEJM weekly print issues have Thursday cover dates. Qualified journalists receive embargoed online access to coming issues on the preceding Fridays at 10:00 a.m. ET and may conduct interviews with authors and prepare stories. These reporters agree to neither publish nor broadcast their stories until after the embargo lifts at 5:00 p.m. ET on the Wednesday prior to publication.
https://www.nejm.org/about-nejm/editorial-policies
Cool! No more embargo:)
They don't need Liau, Bosch, AND Ashkan for that.
Tilt, I think it is Monday, Nov 9th.
"Posters will be on display from 8 a.m. on Monday, Nov. 9, until the virtual poster hall closes on December 31, 2020."
17 consecutive days since the price went above $1.
CLDX needs to be on that list with an F minus :)
Sounds like Scotty :)
I was worried about poor Scotty.
Agreed. This was supposed to just be a generalized illustration to explain the cost basis for gifts as it relates to estate tax. Not intended to have a precise calculation of Linda's situation.
I'm not a tax expert either :) Just sharing what I have read recently.
Hi Kab, that's a good question. In my dreams of becoming a rich person myself (if NWBO lives up to its potential - and it's beginning to look like it will), I have been doing some reading on estate taxes lately. I will not need all the money I will soon have and I will have to start thinking about establishing trust funds for my 2 daughters - would be a nice problem to have :)
The sweet think about the current tax law is what's called a "step-up" in basis. So if Linda's cost was 0.25, and at the date of the transfer if it was 1.58, then the cost basis for the beneficiary is 1.58. Any future taxable gains will be calculated based on this stepped-up cost basis.
Still, if you expect the stock price to appreciate substantially, then 1.58 would still be a very good cost basis to make the transfer. And yes, the new cost basis of 1.58 would be used for the $3.75M lifetime limit.
Cheers!
Remember, all the rich people are rushing to pass on their inheritances to children/grandchildren before December 31. Under the current laws, the lifetime gift tax exemption limit is something like $11 million. anything above that limit has a 40% estate tax. Under Biden's tax proposal, that limit comes down to $3.75 million.
Under this scenario, you want to pass on the gifts with as low as a cost basis as possible. It sure sounds like that is what this is all about.
Here are my thoughts on this. The three world class statisticians analyzing the top line data have demanded to be paid $3 million each or they will not release the numbers to management.
Dear Linda, if you are reading, if you don't announce top line by next Tuesday, I'm going to start screaming.
Linda was seen at the Bethesda Whole Foods market today paying for a cart-full of champagne bottles. She looked tired, but was smiling broadly.
But don't read too much into it.
Look at Vietnam. A poor country with a 100 million population. They bit the bullet, went into nationwide lockdown for 3 weeks, and now they have taught the world how to manage a pandemic. The entire country's economy is back to normal and functioning.
Ex, I never thought I would agree with you. But I agree with this 100%.
Goodguybill,
Thank you for saying what needs to be said, again and again until leaders overcome their myopia.
Best.
Thanks ae kusterer. I wish Linda would giddyup. They need to announce TL while there is still euphoria on the NASDAQ. Who knows how long that will last.
We want all the Robinhood babies chasing our stock :)
I went back to the June 2 announcement and tried to break it down and interpret it as follows. My comments are highlighted in red:
In light of the current status of the completion process, and the experience over recent months, the Company currently anticipates that the process (1) may be completed by about mid-June or shortly thereafter – i.e., within a couple of weeks after the Company’s anticipated schedule at the time of the Annual Meeting in April.
(1) what does process mean? Refer to previous paragraph – “The completion process includes final data collection, identification and resolution of queries, data checking and confirmation, and site sign-offs.
If some of the information that currently remains outstanding cannot be obtained by mid-June, the Company may consider proceeding with a “soft lock” of the data at that time, if arrangements can be made for the rest of the data to be included when it is obtained later. The Company plans to obtain advice from its regulatory counsel, its Scientific Advisory Board and the Steering Committee of the trial in regard to such possibilities. (This paragraph continues to refer to data collection and resolution of queries).
It is too early to determine what effect this update of the anticipated timing of data lock may have on the anticipated timing of the public announcement of data. There may be a similar update to the timing of the announcement of the data as to the timing of the data lock.
This sentence is key – it’s confusingly worded. I would read “timing of announcement of data” as announcement of topline data. I also interpret it as saying there will be another announcement IF there is delay in data lock. It does not mean that there will be an announcement of data lock. Since there has been no announcement, this implies data lock has already happened.
The steps that will take place after data lock remain the same as were outlined at the Company’s Annual Meeting. Initially following data lock, only the statisticians will be unblinded (i.e., will be given access to the database containing all of the raw data from the trial). The statisticians will need several weeks to carry out all the relevant analyses and calculations. Then the statisticians will deliver the results to the Company, and that is when the Company will become unblinded. The Company will then discuss the data with key advisors, such as its Scientific Advisory Board and the Steering Committee of the trial, and will address any comments or questions from its advisors as part of preparing the data for public announcement.
Here the company has given itself several weeks between data lock and top line announcement. So, if data lock happened towards the end of June or early July (we can assume data lock happened as anticipated since there was no announcement), then the company has several weeks to announce top line data. So then, how many weeks is several weeks? Perhaps 3-4 weeks at a minimum, and up to 6-8 weeks at a maximum. Which would mean that the company has anywhere from now until end of August to announce top line data.
They did not commit to announcing data lock. They committed to providing an update if data lock was further delayed. No announcement means no delay in data lock.
I think they may have TLD in hand.
So why the delay ?
Could it be discussions with Merck ?
Sorry folks. Linda is kinda tied up with all the excitement at Inmune Bio. She'll get her attention back to NWBO when things quieten down with her other baby.
Lol :) Certainly, I will accept a kiss from Linda on everyone's behalf. She better be wearing a mask though :)
I tend to reluctantly agree with Flipper. Since January 2019 they have managed to drag us, kicking and screaming, across 18 months. What's to stop them from making the final heave across two more weeks. I do however wish they will be give me a nice birthday present around July 26. If that happens, I will forgive them for all the suffering that they have caused in my life. I would be delighted to give Linda a big kiss on both her cheeks.
Scotty, shut up and go to sleep.
Yep. He has not responded to my email as well. And a few others here have said the same thing. He's quite good at putting a hazy shade on his answers. But his non-response is quite uncharacteristic.
It's quite possible. I would not rule out a surprise announcement. Dave Innes has not been answering emails inquiring about whether there will be a data-lock PR. So it makes me wonder.
Mani must be taking his meds again. Either that, or I have no clue what's happened to him.
Scotty, don't be shy. We'd love to have you around on up days.