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The reason seems pretty obvious to me. They are reluctant to call an ASM while their is serious malaise among the some of the longs due to the silence, delay etc. They can not risk a no vote on the AS which clearly must come up at the next ASM, They also would not be happy with a bad look of avoiding investor questions, so they hope that the JA (or other news) happens shortly, and then they they will be happy to call the ASM.
BB, I only partially agree with you.
Yes the targeted UK approvals are truly important to us at this time (and the EU and the FDA a bit later), but I would not so minimize the importance of the JA and the ASM. These are quite important in their own right and every brick in the foundation is important. I agree on the order of their importance however. While a good ASM can help, a bad ASM can truly hurt. So please do not write this off as unimportant. The JA remains a key element in the credibility of the company, the trial and the science and its ability to produce what they promise (both wrt the JA and the trial)..
Thanks for your reply Ex.
On item 1) it is even worse than you stated as it is capped at $145K by the lease as both you and I discovered upon a read of the lease..
On item 2) I think you meant page F-23. Page F-4 had a paragraph on the lease that was all Chinese to me, but had no numbers.
On item 3) ...........
Viking, according to this lease you cite, (unsigned - is this final?) the rental can not exceed $144,590 per year. This is even less than the $330,000 that Ex claimed was the annual rental.
Ex, that is very interesting if correct. You point to three facts:
1) the $10's of M spent on the leasehold improvements,
2) the annual long term lease for $330k/year,
3) the percent in Advent that LP owns.
I presume that you have obtained this information from the various filings or PRs that NWBO has made wrt this information.
I would very much appreciate it if you could cite to the various documents that contain this info.so I can see them for myself. Thank you for your help. It does seem to me that $330K is very low for such a long term lease. If this is an example of LP negotiating with LP, then either LP is a great negotiator or the other LP is a terrible negotiator.
She would have to make filings if she sold shares. We would know about it.
Hoff, it is a distinction without a difference wrt to effect on the market. If for example you were in court and the information was no correct, then whether or not it was NWBO that released the info (TLD) or whether some other party released the info would probably make a big difference, However, with respect to market effect on the share price, whether it was NWBO or some other party such as a PI that released the info (with links to the presentation by NWBO) it will not be a distinction that matters.
Thanks Reef for sharing this response from DI. I may be reading too much into it, but my read (between the lines) is fist that they are getting the message that their silence is hurting us all and they want to let us know, that they are anxious to get out of this mode. Second, that they want to assure us that work on the BLA is ongoing in parallel, and they are not waiting to do this in serial fashion, ie., progress on the BLA is not being retarded by the JA. Third, that they will not wait for the actual publication of the JA, but they will notify us (PR) as soon as they receive acceptance of the article. This is what hints to me that they are truly anxious to get out of the silence mode. Thus searching in all the journals for the first sign of our article is pointless, as we will get this PR BEFORE it makes an appearance in print or online.
At that point I will expect a lot of information to be forthcoming on where we stand in the process. I take this as a promise from DI, to which I will hold him to, on pain of his credibility. For now, I take this email as a very positive sign.
Actually from my point of view there are a few retail sellers who are tired of waiting and the uncertainty due to NWBO silence and lost opportunity elsewhere, but these are few and far between - but enough to make it worthwhile for the accumulator. But most of the longs are holding and have their eyes on the prize - thus the low volume of daily trading.
Sort of. I believe there is accumulation going on, but they do not wish to push the shares higher by buying to quickly. So there is just enough buying to maintain the share price while SLOWLY accumulating, but not to push it significantly higher (until news).
ie., there is very little RETAIL buying pressure. .The main buying is by the party doing the accumulation.
Clearly, this will only work in a low volume situation with little retail buying pressure to upset the cart.
Isn't it obvious? If i am a buyer on the BID (AND NOT THE SAME PARTY ALSO ON THE ASK .0002 HIGHER) and really wanted 70,000 shares, i would not let a $0.0002 spread hold me back and I would quickly gobble up all the shares available on the ASK at that price (and hope for more). The fact that this does not happen, tells me that both the BID and ASK are the same party (or in cahoots) and so nothing happens until they want it to!
How screwed up is this!! It is clearly the same party on both the BID an on the ASK and manipulating the market. A $0.0002 difference between bid/ask with 70,000 on the bid! AND NOTHING HAPPENS!
$0.7702-0.01(-1.26%)
Bid: 0.77 x 69525Ask: 0.7702 x 10906
July 11, 2022 9:36 AMEDTVolume: 50,817
USDOTCQB - U.S. RegisteredReal-Time Price
Cool - that is the first chart I could read (and believe).
and it was an NWBO PR - not an Advent PR.
IMO, yesterday's PR, was some of the footwork in preparation for the upcoming announcement for the ASM.
By the same token, t hey could have been working (and hopefully have been) on the BLA even without a rolling submission, and despite yesterday's PR, could be ready to submit tomorrow, or next week or next month. Either way, submission could be any day hereon.
I am curious, why after all this time of silence, would they throw in gratuitously this fact, that the BLA has not yet been filed, which has nothing to do with the subject matter of the PR about this next step in the readiness of Sawston?
Right on, BB!
I hope you are right that soon there will more than one large entity interested and buying. with the current one buyer, he can keep the price depressed and low so long as he accumulates SLOWLY. But when there are two or more, that will not be possible and the result will be a muted (at first) bidding war and the price will be under pressure to rise consistently. Certainly the more info gets out the sooner this will happen. furthermore, they will accumulate up to 90 M shares EACH if they are serious players.
Some entity is accumulating for quite a while and has the MMs keeping the price low and stable as they accumulate shares up to the 10% limit without filing that is about 90M shares.They will probably continue to do this as long as there is no PR or news that drive the cost of shares up and there is no other retail buying pressure - witness the daily volume has become low again.
Here is why! It is not the desire of those currently manipulating this stock. Please stop with your silly and constant assertions without basis.
I have been batting this around in my head for a while now, and it now seems to me that there is only one possibility that makes any sense.
We start with the (mostly unexplained) fact that NWBO management has chosen to (or must for some reason) remain silent. I work with the belief that the long term will be good and that is in the bag. The problem is NOW (from here to there). It is clear that there is no longer any retail buying and that volume has dried up. The question is who is controlling the current trading? Some believe that it is the shorts in full manipulated control with the help of the MMs. The problem with this is that the price seems to have settled into a very stable price level, with but a very minor but regular very slow penny decline. With a short in control, the price decline could (and therefore would) be much sharper than we are now experiencing. There is so little retail buying at this time to buoy the price up. Not much to write home about for a short. The only reasonable alternative is that this is very slow but steady accumulation by a large entity, be it a large commercial investor, or a large pharma looking to accumulate their initial 10% on the QT. They have no interest in collapsing the share price as would a short, but they want to maintain a low, stable price over their period of accumulation before they reach 10% at which point they would have to file with the gov. As there are not many sellers at this time of pause, the accumulation will be slow and take some time - until they reach some 90M shares. This would give them a foot in the door. This also explains why they are not too concerned with when the PRs from NWBO will start to drop. For a short that would spell disaster if they are not nimble enough to cover quickly. But for an accumulator, at worst, their time to accumulate cheaply will disappear, but it is basically good news for them as well and they need not fear the possibility of news dropping at any time.
The only puzzle is WHY is NWBO remaining silent? there are many theories, choose the one you like best - I have no idea. the simplest might be - just believe them about the journal embargo, or perhaps due to regulators or BLA etc, or due to some contractual deal for BO or partnering or, or, or....
I should have posted this as a new post, not directed as a response to any single poster. Here it is, open for comment to all:
I have been batting this around in my head for a while now, and it now seems to me that there is only one possibility that makes any sense.
We start with the (mostly unexplained) fact that NWBO management has chosen to (or must for some reason) remain silent. I work with the belief that the long term will be good and that is in the bag. The problem is NOW (from here to there). It is clear that there is no longer any retail buying and that volume has dried up. The question is who is controlling the current trading? Some believe that it is the shorts in full manipulated control with the help of the MMs. The problem with this is that the price seems to have settled into a very stable price level, with but a very minor but regular very slow penny decline. With a short in control, the price decline could (and therefore would) be much sharper than we are now experiencing. There is so little retail buying at this time to buoy the price up. Not much to write home about for a short. The only reasonable alternative is that this is very slow but steady accumulation by a large entity, be it a large commercial investor, or a large pharma looking to accumulate their initial 10% on the QT. They have no interest in collapsing the share price as would a short, but they want to maintain a low, stable price over their period of accumulation before they reach 10% at which point they would have to file with the gov. As there are not many sellers at this time of pause, the accumulation will be slow and take some time - until they reach some 90M shares. This would give them a foot in the door. This also explains why they are not too concerned with when the PRs from NWBO will start to drop. For a short that would spell disaster if they are not nimble enough to cover quickly. But for an accumulator, at worst, their time to accumulate cheaply will disappear, but it is basically good news for them as well and they need not fear the possibility of news dropping at any time.
The only puzzle is WHY is NWBO remaining silent? there are many theories, choose the one you like best - I have no idea. the simplest might be - just believe them about the journal embargo, or perhaps due to regulators or BLA etc, or due to some contractual deal for BO or partnering or, or, or....
No, I do not agree. I have been batting this around in my head for a while now, and it now seems to me that there is only one possibility that makes any sense.
We start with the (mostly unexplained) fact that NWBO management has chosen to (or must for some reason) remain silent. I work with the belief that the long term will be good and that is in the bag. The problem is NOW (from here to there). It is clear that there is no longer any retail buying and that volume has dried up. The question is who is controlling the current trading? Some believe that it is the shorts in full manipulated control with the help of the MMs. The problem with this is that the price seems to have settled into a very stable price level, with but a very minor but regular very slow penny decline. With a short in control, the price decline could (and therefore would) be much sharper than we are now experiencing. There is so little retail buying at this time to buoy the price up. Not much to write home about for a short. The only reasonable alternative is that this is very slow but steady accumulation by a large entity, be it a large commercial investor, or a large pharma looking to accumulate their initial 10% on the QT. They have no interest in collapsing the share price as would a short, but they want to maintain a low, stable price over their period of accumulation before they reach 10% at which point they would have to file with the gov. As there are not many sellers at this time of pause, the accumulation will be slow and take some time - until they reach some 90M shares. This would give them a foot in the door. This also explains why they are not too concerned with when the PRs from NWBO will start to drop. For a short that would spell disaster if they are not nimble enough to cover quickly. But for an accumulator, at worst, their time to accumulate cheaply will disappear, but it is basically good news for them as well and they need not fear the possibility of news dropping at any time.
The only puzzle is WHY is NWBO remaining silent? there are many theories, choose the one you like best - I have no idea. the simplest might be - just believe them about the journal embargo, or perhaps due to regulators or BLA etc, or due to some contractual deal for BO or partnering or, or, or....
your response does not relate at all to my post.
You are right on this point - there is no competition for the foreseeable future. But if they take a few more years to get there, who knows what new treatments may be developed.
Here is what I wrote on "zero risk" back on June 21 on iHub.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169198923
Again, another thread making a hulabaloo over a nothing burger. Some have used the term "zero risk" perhaps unartfully, but probably meaning that the risk level has been diminished, even if not totally eliminated. With nothing much else to write about, we get these meaningless threads with insignificant points of difference that most of us could not give a damn about. Even I engaged in this for a bit for lack of anything more significant to write about. Really a waste of all our time. We need patience.
I really do not think we need TA to tell us what is happening..
The market in NWBO is totally controlled, and seems to be kept at its current level. either because a buyer wants in at this level and is slowly accumulating, or because some short interests want to drop the price further, but not at any cost. So for now that keeps the price relatively stable. There is very little buying pressure to drive the price higher.
This it seems will continue until further news is made available and brings new buyers into the market and greatly increases the volume and the share price. Unfortunately my forecast for the near term is: low volume, sidewise price movement, UNTIL NEWS, at which time there will be a larger pick up in volume, and significant increase in share price. I suspect this is becoming pretty obvious to almost everyone at this time. The one exception may be if a large buyer becomes convinced of the truth of the long term prognosis before any news and decides he wants to get in early before the big move and starts pushing up the price.
I agree Meirluc, unless you have insider information, no choice is "logical," it is merely a pointless guess.
Who are the buyers (bidders)? The current Bid/Ask is a good example of my question? The Bid is at $0.6599 for 46,906 shares while the Ask is at $0.6600 for 11,422 shares. You would think that a REAL buyer will not be so concerned with the $0.0001 extra he has to pay to gobble up at least the 11,422 shares on offer. Yet it just sits there with no trades happening at all! What exactly is going on??
But not enough to move the price any.
BB, I am with you 100%, this is what should be! But unfortunately in our real world, we have to deal with all the negative forces, like it or not, to move forward. What surprises me, is that with so much potential revenue in the game, not a single large player is willing to break rank, and start buying in a large way.
I am sure not many will agree with me, but I think with so many BILLIONS in future revenues, it is not out of the question for say a large bank, insurance co, or say Musk, Bezoz, Gates, Buffett etc. without any pharma know-how, could bid and buy NWBO, and them hire a Pharma like say Pfizer (or you name it) to run NWBO on their behalf. That would cut them in for a share of the BILLIONS in future revenues. No real reason to count them out.
Cheaper?
Why provide shorts this specific information. It tells them how much time the shorts can continue shorting with impunity (or not and informs them to be on guard).. Keep them guessing. Unfortunately, it also keeps the longs in the uncomfortable position of needing to guess as well.
And even then it is not zero risk, as we saw with Dendreon. There can still be significant risk in commercialization, market share, high cost of goods, competition etc.
Are you still "slowly selling"? Have you changed your mind on that, or still following through with your plan? Are you nearly out by now, or still substantially invested?