Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Flip, if there was ever a more appropriate song for this company. Really their theme song, as it were.
I like Dr. High, he’s a smart dude with a sense of humor.
I really don’t care what side of the fence a poster sits and frankly what their perceived motive might actually be (obviously within reason).
It’s a message board after all. So as long as someone is respectful, I don’t see any reason for the vitriol.
Exactly, so why would the defendants sign a joint defense agreement if they couldn’t control the information that’s shared between the parties. And that could include exculpatory evidence as well.
I’m sure the defense agreements can be structured in such a way as to restrict or ring fence what information can be shared in a settlement. But was just interested to hear your thoughts,
Viking, that’s the wisest post from you I can ever recall. I like chatting with you for the most part.
Right, we’re just sharing opinions. It’s not a death match.
Interesting, thanks.
But then how do you keep one defendant from sharing privileged information about another defendant in the case?
Thanks Hoffy!
We’ll see in a few weeks what the magistrate comes back with in her R&R. Although I’m sticking to my guns. In any event, it’s more of an academic exercise at this stage given resolution of the case could still be a year or more out even if the MTD is denied.
Interesting case though.
And one question QL: Do you think that the MMs have signed a joint defense agreement that would preclude separate settlements?
Hank, we’ll see what happens, but it’s difficult to see how Posner will clear the bar after struggling already in two similar cases. I once thought that they would at least get past the MTD stage, but after reading the response from dependents’ counsel, I really have my doubts.
Losing a MTD is not a great sign. But the judge is giving the plaintiff another opportunity to bolster their case.
Which of course begs the question: why hasn’t she presented a strong enough case from the beginning? Two cases in a row.
It was dismissed by the judge,
A motion for leave to amend I guess keeps the case barely alive, but it’s a long shot after the dismissal.
I would consider a dismissal by a judge pretty much losing the case. But sure, you can hang your hopes on a thread.
But not a good sign, is it?
It’s actually cited in one of my earlier posts. And it’s lifted directly from the last response from defendants’ counsel. Apparently you didn’t read it, but let me find the post and then you can go read it for yourself on Pacer.
I’m actually at the beach, so I don’t have all my “stuff” with me. And like any good NWBO shareholder, I also have my head buried deeply in the sand. So that makes posting a little difficult.
Oh, I found it!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625607
Just keep in mind some of those are covered shorts. And a 5 percent short position is probably well below average. It’s too low to really believe there’s a problem.
Hedge funds lose money and fold sometimes. Maybe this stock will result in that happening at some point?
Nobody has shown any substantial short numbers. The percentages are actually relatively low as I recall.
The narrative has always been that MMs on behalf of BP short and (more recently) spoof the stock price to drive the company out of business. NWBO is certainly never going out of business with a plus $500 million market cap.
Now if somebody is swing trading, then your point is well taken. You want volatility to trade high and low. But that’s not been the narrative. And to the point about algos, those are always seeking to exploit market in- balance, but that is true with all stocks.
Because NWBO is traded with low volume, it would be relatively easy to drive the stock price down further. I actually believe in some way this dovetails into the company’s counsel having problems proving loss causation.
Not unusual for large foreign corporates to list in their home country/region. Duel listings are expensive and burdensome to manage with two sets of regulations. The US has also become very expensive in terms of reg compliance (thanks to that company that started with an “E,” and whose name shall not be spoken.)
Listing on the OTC provides easier access to US shareholders, while minimizing the cost that would otherwise be incurred from duel listings.
Posner just lost a very similar case. Hope it wasn’t on contingency and have to explain herself to the managing partner.
Crash: is Posner on 100% contingency?
Crash, I seriously doubt the MTD will survive.
You’re a broker, you know all stocks are manipulated in some form; but typically aren’t impacted over long periods in the way you guys keep asserting about NWBO.
Hate to say it, but the derivative lawsuit is not over. Hold onto your horsey when discovery begins in October.
Yes, and those are all listed on other major exchanges.
Just a random thought when I was looking at another biotech stock I own (Nasdaq: ARQT) for why it’s highly unlikely NWBO is being attacked by market makers: it’s the stock’s high market cap.
Any OTC biotech stock with a marker cap over $500 million is actually very impressive, and rarely does the market cap for an OTC get into the $ billion range (except those duel listed on a major exchange elsewhere). If market makers were in some form of conspiracy with BP to drive NWBO out of business, the market cap would be far lower and the share price would be well below 10 cents.
Congrats to the Toucan Limited Partners; good job guys, what can I say…that’s the way the game is played when you’re herding sheep.
I don’t believe anyone would doubt that approval equals cash. But approval remains well off into late 3rd quarter (which began today) or even into the 4th quarter. So the $64,000 question is where does that non-dilutive funding come from in between now and then? If not, we will get seriously diluted over the next several months.
My big take away, it’s very obvious they need a change-over in management.
The big problem with the presentation at the ASM was there was no reason or rationale to suggest the stock price would increase over the next several months. Yes, longer term there is a value proposition, but it was impossible to make a near term argument.
What ever happened to approval in March? Was there a calendar recall that I missed because the months were placed out of order by the printer?
Nice tie by the way.
Horse, I was thinking about you today while munching on a cannoli at the ASM. I was actually going to take the serving plate full at the end, but didn’t know where to drop the gun.
The MTD is likely to be granted.
As I said Hoffy, not that you have any friends in the legal profession, but if you do, want to make sure I avoid a Missouri licensed lawyer with a conflict.
The cases is already drafted, just has to reflect Missouri statutes rather than Va.
More from experience.
I think they’re called SLAPPS or something like that. I rarely if ever come across a management team that blames themselves. And I’ve worked with a LOT of management teams over a very long career.
DC is hot and HUMID in the Summer, like in the tropics!. But great time to visit is in Spring and Fall, if that’s the next time they hold a shareholders meeting.
I don’t know if it’s worth traveling any great distance. But worthwhile for someone that’s nearby.
Thanks. I almost decided just to call in, but I like being in the room just to get the atmospherics.
That’s my biggest disappointment, that they have been able to strike a deal after all this time.
Look Hoffy, since we decided to change the venue from Virginia to instead filing in Missouri, I’ll have to avoid having to retain someone that knows you. I intend to do that this week, so let me know if there’s someone you recommend? Maybe someone with an office in KC instead of Stl?
There is an underlying reality that they need some form of non-dilutive funding, otherwise we’ll see more of the same in terms of dilution and pressure on the share price.
I would describe her demeanor as more relaxed, at least that was my impression. I also got a changing of the guard vibe, but that’s just my intuition.
She’s always been a good presenter and well spoken, and I thought she did a good job today at least in that regard. This is probably the seventh or eighth time I’ve heard her speak, and I thought today was the best presentation of herself.
With them moving forward on Direct and broadening (replacing?) management and staffing, it just begs the question on timing and funding.
I hope not.
My concern is that on going dilution with very uncertain time horizons is almost guaranteed to result in a lower share price. Do they have a rabbit they can pull out of their hat? They better have one.
If I were really a short seller, I’d be buying everyone’s dinner tonight. DoorDash would have been on my dime.
Doc, in fairness to them, they did provide a decent overview of the current state of the project, if I can describe it as such.
So at least from that angle, I appreciated the improved transparency, albeit a little too late in my opinion.
Stupid.
When a company doesn’t like what you say about them, sometimes they bring a lawsuit and claim stock manipulation to cover their ass.
Much like today, in my opinion, when stock manipulation was used as an excuse various times. Someone with a transcript should provide the number of times that stock manipulation was mentioned by LP. I’m just curious, I lost count.
By the way, both NWBO and Toucan have been defendants in numerous lawsuits. Just say’n.
That’s how I understood what she said. It came across the same way as FeMike had been describing, that it’s just a routine step in the process.
I think the only way we don’t see this stock sink into the 20 cent range is if they can quickly enter into some form of JV with a decent upfront payment.
The only thing I felt good about were the cannolis.
I said this to someone walking out the door with me who’s been in this stock 12 years: Is I just hope we all live long enough to see the fruits of our investment.
OMG.
Back to the drawing board and park bench for me.
Refreshment table makes the grade.The cannolis are delicious.