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Pls send link to reported Bigger filing I assume that is public info. TIA.
That was my understanding but Gary seemed to suggest otherwise. Tx bio.
skitahoe do you know to a certainty that the FlaskWorks device must be used in a clean room? If so do you know the source or citation of any authority?
marzan totally agree it seems unusual or claims to be approved via a non-exclusive listing of “examples.” Of course one cannot overlook that NWBO would be the party to defend the language of the grant if it comes to that.
Thx BB for the info on the likely patent extension. I am putting in a stop order for then, 2046. What price should I use? (Seriously thx for the post)
Gus thanks. I will continue to look into this expecting to find a nothingburger as u mention but I’d prefer to figure it out. Have a great day GLTA and I say it that way bc I cannot believe there are any shorts without warrants to cover.
Gus I have the same question as ATL. But I will add more information: Form 8k instructions Item 1.02 requires reporting of the TERMINATION of a material definitive contract not made in the ordinary course. Clearly the Cognate contract is that because it’s effective date was 8k‘ed. Specifically here the termination would be reportable if “terminated otherwise than by the expiration of the agreement on its stated expiration date.” 1.02(a). I am not expert at required disclosures but I cannot identify any requirement that all material definitive agreements THAT REMAIN IN EFFECT during a reporting period must be reported. I do not believe that is a requirement. And your proffered “corroboration” that the Cognate contract is not in effect is a risk item that is ambiguous.
So I am skeptical that there is no Cognate contract as u assert.
Separately CRL bought Cognate in part I am sure for Cognate’s contract with NWBO and in any event each needs the other so a commercial relationship is either in place or gonna happen. IMO
Gus thx for clarification. Have a great day!
Or does the fact that Insiders are warrant holders prohibit my suggestion?
Viking and Gus: Are u saying/is it your opinion that the Company could not fail to report a fully or substantially successful TLD? I don’t think either of you are, but this question is not directly addressed. It is my lay understanding that such result could be withheld for preparation of a strategic publication or other reason. I understand the point that an extension of warrants where the Company has TLD result would probably require disclosure but I think there is another possibility: agreement by all warrant holders without disclosure of TLD to any. No NDAs required. It seems somewhat possible that all warrant holders are friendlies. TIA.
Sorry for language in YouTube
It is said ppl laugh 15 times a day I just got my 15 in watching this video. I am sure all the old hands here have seen this but I (not an old hand) had not. This IMO does not however apply to NWBO bc NWBO is already trading above a dollar and it doesn’t apply to me bc I have a lot more money invested!!
Berky just curious (I don’t use private messages) what’s “Berky”?
hankmanhub I am in exactly the same mode. Except to point out for myself and I expect the same is true for you I could not possibly do any of the deep DD that ppl on iHub are doing and most importantly sharing. I am just a run of the mill attorney in a small town firm without any of those skills and no background in pharma much less the specialized knowledge and experience of our long posters here. I don’t prefer to publish my long position but I have made a couple of small 7 figure profits in real estate transactions, and I am looking for a high multiple of those kinds
of returns on my position here. So yes thanks very much to our BB posters for wringing out these issues. And being kind in their responses to my simple occasional comments (ATL, diver, bio, and all)!!
AT: Many Thx. As always!!
ATL: Based on the slide you discuss, the timing of that coming well before public announcement of acceptance of ECAs by the FDA, and other breadcrumbs, one may surmise that Dr Liau may have been aware some time ago of the likelihood that this might happen, and maybe even that management may have been involved in the development of the ECA policy
Probably posted here before but a reminder may be helpful including to my discouraged friend Sir Pump: “The stock market is a device for transferring money from the impatient to the patient.” I know this was said in general terms and not with respect to a somewhat binary investment but I think Mr Buffett’s advice has relevant application.
Nothing in litigation is private.
Litigation is what management wants to avoid. So do longs.
Thanks for your thoughts have a nice evening!
PM I am not without sympathy to ur desire that information be provided but writing a letter is going to help how exactly? Other that I am guessing allowing you to get something off ur chest? You’re long, trying to make management look bad helps in what regard? I don’t mean any of this personally of course and ur sentiments are certainly expressed by others as well …. Anyway GLTA or at least patients, longs, you and me, and all others paddling the same boat.
Ike agree about postings accusing management of lying and note further point that at least many of the alleged/assumed “lies” were very likely accurate statements based on the available information at the time. Specifically “Sept 2020 TLD in weeks.” Everyone on this Board takes into account and acts upon changes in relevant circumstances - I have told my friends I will be biking with them this evening but if this evening it’s raining like two days ago of course I won’t go. Simple, obvious, common sense. Management in September 2020 expected TLD would be complete in weeks and that
very likely occurred. However, the chance to have an announcement in the context of announcement of other positive announcements was weighed and in their judgment, TLD is delayed.
Hindsight will show that no serious long in the same position likely would have done differently.
Happy Labor Day All. Looking forward to news in September
Sorry typos I’m doing this on my phone and cannot view my entire post! Still thinking TLD before 11/1.
Captain I do not have the loan document fir the referenced $11M loan. (If someone has and sends a link I will look at that). However I doubt the loan terms will be determinative of the outcome.
When the loan was made the terms were remarkably commercial in nature - the interest rate did not reflect a high premium for apparent risk. Therefore IMO the lender - who was not apparently an insider but instead was identified by some on this board as being typically predatory- seemed not to analyze the extension of credit to be unusually risky. From this I surmised (and bought shares) that the
lender had received non-public information that the lender analyzed as indicative of positive TDL. And the November 1 repayment schedule seemed to indicate a likelihood that the parties anticipated that NWBO would be able to repay by that date.
To answer your specific question it would IMO be malpractice for the attorney who drafted the loan document to be unknowledgeable of the one-year clinical trial reporting rule or to fail to make compliance with “all applicable” regulations at least a general default. But since the lender is undoubtedly subject to an NDA they are getting regular reports of non-public information, the only reason for the lender to claim a default would be if that information was negative. So even if the loan would be in default I doubt the lender would do anything to negative affect the Company’s ability to repay.
Flipper thanks for the link to the Science magazine article revealing the non-enforcement of the one-year clinical trial reporting rule. I had looked up the CFR and caselaw but of course cases that are not brought by the enforcement agencies do not get reported. Looks like October 5 in neither more nor less likely TLD than any other day.
Dear Fellow MI Dreamer - one of the prominent posters and I are in a running off-IHub debate, he believing Management is preparing seriously to remain independent and transition to an integrated provider of Vax therapeutics, and me, holding the opinion that it is a minor miracle the company has made it this far given fudsters, adverse lawyers and other hurdles and that there will not be enough money or capacity to do that. IMO a merger with CRL or a similarity-sized entity fails to bring enough money or capacity so I disagree with tour conclusion. A merger with a larger enterprise, maybe.
In either event I agree with your optimism and am very very long. As is my colleague.
Very Best to U GLTA.
CRL market cap is $22B USD with $2.9B 2020 revenue. How are they going to buy NWBO?
Thank you. Enjoy the week, TLD or not.
Soj - it seems pretty clear that the little Wednesday/Thursday rally was due to misguided speculation about Dr Liau’s talk. There is disagreement about how to interpret her comments in light of the ambiguous “5 year” qualifier. Do u have any explanation tho why since the presentation was not definitive we didn’t reasonably immediately revert back to the 1.20 or so range we were seeing before the run-up. TIA and appreciate all of ur posts I learn from those.
Turner5 nailed it way to go!
Speaking as a lawyer who represented many many doctors, I expect NWBO lawyers have read the Riot Act to everyone with any material knowledge and Dr Liau, not being an expert in Securities Law tho I am sure she has an excellent working knowledge of the relevant issues, just wants to keep the lawyers from getting on her case. They may have scripted her answer that would not surprise me.
marzan agree, thus requiring Dr L to tread water.
Redneck: You are right on here. I do not see any need for reverse split. Yes, the burn rate is close when weighed against income but look at the last Q and why would the company borrow more (and incur minor dilution) than necessary. For sure if no buyout at some point the excess warrants will have to be dealt with but if SP is $3+ I don’t see shareholders being begrudging in that vote.
Dear Margin: Regarding your signature tag line:
The statement is popularly ascribed to Lord Kelvin, addressing the British Association for the Advancement of Science in 1900, in light of the great advances that physics made in the late nineteenth century that: “There is nothing new to be discovered in physics now. All that remains is more and more precise measurement.”
DC: One reason why nearly everyone in the United States was disinclined to believe the reports that the Wright Brothers had flown a machine heavier than air was that important scientists had already explained in the public prints why the thing was impossible. When a man of the profound scientific wisdom of Simon Newcomb, for example, had demonstrated with unassailable logic why man couldn't fly, why should the public be fooled by silly stories about two obscure bicycle repairmen who hadn't even been to college? In an article in the Independent—October 22, 1903, less than two months before the Wrights flew—Professor Newcomb not only proved that trying to fly was nonsense, but went farther and showed that even if a man did fly, he wouldn't dare to stop. "Once he slackens his speed, down he begins to fall…Once he stops, he falls a dead mass. How shall he reach the ground without destroying his delicate machinery? I do not think that even the most imaginative inventor has yet even put on paper a demonstrative, successful way of meeting this difficulty."
GLTA
Not only does Diver have his Manufacturing Tech MS, but I have it on very good authority that he stayed at a Holiday Inn last night!
anders good point on the Nov 1 for recent lenders. I suspect the Company could extend that date tho management would not want to for sure. Supports theory of TLD before then Tx.
Thanks!! ATL
The small group of investors who know about the opportunity and are willing to buy before TLD are satisfied with their respective holdings at this price level. Tho I read 10q as positive that opinion is based on inference and appears not to have spurred any buying or selling. And, everyone’s respective minions are reportedly awaiting further direction.
“See u in a while.”
Jerry: Nonsense
Stonk -Hey I’ve paddled in Algonquin about 10x - first time in 1979. Amazing place. My first child - daughter - was conceived at a campground on Timm Lake. (There’s a story behind that, of course). She’s definitely got a bit of the wild in her! Looking forward to good news like others, GLTA.