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Why is Neil Woodford not also accumulating down here? If you can make a small fortune, then what could he make, and compared to his previous losses - with little risk! Plus by buying in now, Neil Woodford would spike the price and start recovering some of his other losses.
And yet he sits there and his failure to participate is perplexing that an Non-Disclosure Agreement or insider knowledge has to be imagined to make sense of it.
Sorry but my theory works better and does not require additional facts to be imagined.
It could be wrong but it is most consistent with the evidence.
The shorts are not going to risk causing excitement or a short squeeze by exiting their position. They are betting on the fact that Phase 3 will miss another milestone and keep dragging on, or that it will fail, or (according to what appears to be their latest argument) that it will not be considered pivotal by the FDA leaving NWBO almost worthless.
The short interests are betting on an NWBO bankruptcy or a fire sale of whatever is left of NWBO to another firm.
So they will not risk spiking NWBO enough to accidentally breathe new life into it.
Excellent points! Supposedly the ClinicalTrials.gov update meant something when it said November 2016 so we should know is two or three days since the bare fact that the trial endpoint has been reached, even if not yet 'scrubbed' is something they can and per their duty to preserve shareholder value should release immediately. So if we hear nothing when the calendar says December, draw your own conclusions.
Given almost all his money is already lost selling NWBO will not help Neil Woodford since there is very little recovery he can make while publicly throwing in the towel would generate bad PR that would hurt worse than losing what little money remains.
But by not averaging down in the face of massive dilution and price declines, Mr. Woodford is, just like attrition at a government agency, slowly letting his stake in NWBO get smaller and smaller without taking decisive action that attracts attention.
He is divesting himself by default.
Also bear in mind that if NWBO turns out well, Mr. Woodford still participates in those gains.
I cannot take credit for recognizing this understanding of Mr. Woodford's position first but it is still probably true.
DCVax Prostate is virtually abandonware and it has been awaiting partnering since I first invested in this over 3 years ago with ZERO signs of movement since that time and probably since the time Northwest Biotherapeutics was actually headquartered in the Pacific Northwest.
Notice how DCVax Brain was rebranded as DCVax L but they never bothered to even update the name.
So yes, after so many years DCVax Prostate does not mean crap.
I know that other investors have believed that shorts were giving them the chance to buy absurdly cheap shares only to get burned, to the same extent other commentators"know" that naked shorting exists or for that matter that this stock has been manipulated.
In fact, my evidence is much stronger since it comes from both observation and personal experience.
I have seen shareholders brag, on multiple venues about shorts and market manipulators enabling them to 'load up the boat' and buy NWBO at prices that are anything from 3x to 6x the present price (and this is a conservative price estimate).
Unless all or even most of these shareholders got cold feet and sold soon after their big boasting, yes I would say some shareholders got burned, thinking they were getting a steal and finding to their horror, that they were the ones getting robbed.
Stick around this stock for 3 years like I have and you'll see that cycle repeat itself over and over again.
I've even thought and said similar things to what you were saying and bought accordingly.
I guess if a 90% loss is not convincing reason to be wary then nothing is.
One thing you CANNOT accuse Ms. Powers of is creating a false impression that NWBO staff are numerous and efficient.
Remember that the lack of a CFO and the low employee headcount for NWBO is a running joke, even among longs.
Many NWBO investors before you have made the same boast and come to grief. I hope for both of our benefit that this time is different.
I think the markets have priced in bankruptcy and failure of the trial as the cause. If it succeeds it is pivotal. If it fails well it fails.
Now if you want to trot out the old argument that FDA will not accept progression-free survival as a valid endpoint then please do so explicitly and provide proof.
But while the market might just be aware that NWBO even exists enough to believe that it will go under I doubt most investors who trade NWBO are concerned with arcane arguments about progression-free vs overall survival.
That said, I think that the market is correct to price NWBO as a penny stock until we prove otherwise.
1. We cannot be sure that your source is legitimate since it is anonymous and untested.
2. Your source gave no reason for providing a minimum six month wait time for movement in NWBO's share price.
3. Your source did not explain what was meant by "enormous potential."
4. The presentation of this alleged information involved shouting at everyone in all caps.
That is what I think.
This is a pivotal trial, it might fail but if it does then it does. But it is pivotal.
I like your interpretation!
Absent proof these institutions do not believe in anything. That is one reason why they hold trialsand conduct studies. What UCLA said is not something they would likely say about every product they are working on, given the high failure rate of new drugs.
UCLA would never risk its reputation to pump a penny stock like NWBO. Period. They believe what they are saying about DCVax.
I can remember the old claim that the reason NWBO stopped adequately updating shareholders was because the investigation was not yet complete.
Now the investigation is not complete because they are waiting on the science update.
Wow!
But not beyond Neil Woodford apparently. No one cared about Phase V until he demanded an investigation and forced a return to Toxic Financing.
Maybe but the only hard fact we have is the lag between the present moment and when the investigation announced.
So when should we be concerned? In another month? In another 3 months? In another 6 months? In another year?
NWBO has all the necessary to documents to disprove allegations of wrongdoing and allow big investors like Neil Woodford to reengage.
There is nothing to dig for.
Now if they want to do follow-up investigating to attack Phase V then could have announced that after clearing NWBO.
The two issues are not intertwined.
The problem with this argument is that it can always be made to justify delays in the investigation and except for pointing out the discrepancy between 90 days and the present date, it is not suspectie to evidence. It could be have been made months ago, could be made now and could albeit with increasing difficulty, three months from now, six months ago and so on.
When did the P3 Screening Halt end again? Oh wait, it hasn't and shareholders have yet to receive an explanation.
In theory you're right but in practice we will reach the point of diminishing returns especially since a reverse split and other adverse outcomes for shareholders becomes more likely the longer there is a delay.
But the theory that the longer the wait, the better rests on conventional wisdom and conventional wisdom may not apply to a trial that has gone through so many overhauls, including I might remind you, a screening halt that never ended!
Besides, if more delays are so great, how come the closest thing to an official explanation to that effect comes from a heavily disputed video from Dr. Linda Liau that was pulled down?
Is it not reasonable for NWBO at say it's looming shareholder's meeting to explain what the failure of the trial to conclude means for shareholders?
If the Phase 3 failed to end this month as scheduled, would NWBO even bother to tell shareholders right away?
Or would they let their more trusting shareholders spend December 2016 with dreams of scrubbed data and sugar plums dancing in their heads?
This is an important question on a key topic because NWBO has a history of knowing that delays are coming but allowing shatreholders to blithely believe everything is on track.
Better an adequate and prompt investigation than a masterpiece that comes too late to do any good.
They need to couple any financing at this point with actual positive news.
While a debt financing is non-dilutive it raises the specter bankruptcy and since NWBO has a consistent track record of failing to deliver when shareholders reasonably believe the dire circumstances demand it, a debt financing is not a hint of much of anything.
The German Phase 2 was a great unexpected positive but without Alan up front payment, milestone payments, regulatory approval or even a clear start date it is not the "black swan" that will change our fortunes.
At the family Thanksgiving Feast or here?
Literally there and figuratively here.
Look I bought 900 something more NWBO shares this week.
I did like that last update and that was why I put down a bit more.
We are discussing this in November 2016 not 2015.
If we were your point would be a lot stronger.
I didn't want to believe it until Neil Woodford stopped supporting NWBO and my investment went down by 90%.
If it is so patently false and not credible the investigation to exonerate NWBO should be over by now.
Then why did Neil Woodford make a big deal of it? He is not debate it on some obscure message board but publicly demanded answers when he had to know the impact his action would have.
It merely demonstrates that shareholders are left to learn about their company to a significant extent from hostile sources due to a lack of transparency. As an example that long standing shareholders like me remember, only photos of the vaunted gigantic NWBO booth at ASCO a few years ago came from Mr. Feuerstein. That says it all.
Wrong. I said we should not neither believe not dismiss the report based on who made it but have a timely investigation to either prove or disprove it.
We can suspect, as Neil Woodford initially did, that it was unfounded but then as he did adjust our investing posture when it is not refuted by a prompt and independent investigation.
Truth is truth and falsehood is falsehood.
For instance Fox News clearly favors Republicans and makes money by pleasing its Right-leaning viewership.
MSNBC clearly favors Democrats and profits by pleasing its Left-Leaning viewership.
Does that mean that if MSNBC makes allegations against Republicans or Fox News makes them against Democrats that we should assume those allegations are lies simply because those networks make money by saying bad things about the other side and not by reporting accurate news?
Of course not. Just because Fox News and MSNBC are extremely biased does not mean they are necessarily lying.
Also and correct me if I am wrong I the disclaimer actually says that they might have either a short or long position not just a short position.
While we can reasonably assume that they are shorting NWBO that allegation is no more or less substantial than anything Phase V said.
Also and correct me if I am wrong, the claims are negotiable in U.K. Courts where libel laws favor the plaintiff something that benefits NWBO, IF the allegations are entirely false.
It is nice that NWBO took some remedial action in response to issues raised by the NASDAQ and Phase V that is not the same as disproving them. Quite the opposite in fact.
Out share price did not drop by 90% when NWBO addressed allegations so yes I would say that in comparison to what is going on now, yes it was pretty effectiv to gob on record instead of losing our only source of non-toxic financing.
Agreed, but for once, I wanted to just enjoy one pure unalloyed moment of celebration with this stock but you'd better believe that the failure to include a clear time frame for starting the Phase 2 trial was a cause for concern.
The allegations are either true or not.
An example: The Germans were the bad guys in World War 2 but when they publicized the Katyn Forest Massacre committed by the Soviets they were telling the truth. It didn't matter that their motivation was to discredit the Soviets, what they were saying happened to be true.
So if Phase V were making up flat-out lies it should not take a year to disprove their allegations.
Refuting the Phase V allegations with the truth (assuming the allegations are false) would not be legitimizing every bash but responding in a timely fashion to allegations so serious that they helped impel Neil Woodford to stop investing in NWBO and have resulted in the huge losses that afflicted me.
By saying "well they're just lying Nazis" and ignoring the Katyn Forest Massacre we lured ourselves into a false sense of security about who the Soviets truly were and the result ended up being the Iron Curtain.
Well if their goal was to soothe investor concerns they have failed miserably.
Seasoned NWBO shareholders stopped being impressed by mere talk a long time ago.
That is why I was much more positive about the announcement of this latest partnership which includes specifics, then I was with say the 'conceptual' agreements, which did not.
While this latest announcement was great it does not change the fact that over a year after Phase V went public their allegations remain unrefuted and what is more Neil Woodford is not buying more shares.
Except for a PR, there is no evidence that the investigation ever actually started. I think it is high time for NWBO to either be cleared or to admit to wrongdoing.
The allegations by Phase V should not take a year to either refute or substantiate - especially if NWBO is truly cooperating with its own investigation.
Dr. Liau could have always explained what she meant. By pulling it down, she made things worse since it did not cause what she said to be forgotten but made it seem more negative than she intended.
Ask UCLA for the recording. Maybe while you're at it, you can ask why it was taken down.
Let's hope the IMUC move does not give NWBO management any big ideas.
Maybe, but if the claims about naked shorting are true, how could they ever find enough shares?
If he waits that long he will miss out on the real opportunity.
I used to believe the go big or go home thing until we were all out on the road home. It took me more than a year of hard experience to learn what that really means.