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Yes, we have seen this pattern frequently and consistently here. Another excuse coming in December for sure.
Yes, I have been saying this for a couple of years that reimbursements are key. But Dr. Zivic and his friends pump non sense so they can dump their shares their shares to retail. Basically, they work in tandem with the management to rinse and repeat!
They will always remain a boutique outfit with this management. Unless there is a significant investment from big pharma partnership ($300-500M or more) nothing will change in terms of share price.
In fact, there could be a sell off on the UK submission news because shorts will find something (such as market size, reimbursement, manufacturing costs, profitability, etc) to poke at.
Agreed. Its an opportunity to dilute, raise some money while they dangle carrots and hype the upcoming news. Ultimately, they disappoint and there will be another sell off, as usual!
Look at the Specials revenue. A lot of known pumpers including medical doctors such as Zivic were pumping about $80M in annual revenue from Specials in 2022. Almost 18-24 months later, we cant even cross $2M in annual revenue in 2023.
Yeah right! Shouldn’t they waste another year or two to get tissue agnostic into the mix too?
They have been selling C shares under a dollar and LP wants to go big, LOL! ;) Another rug pull wouldn't be surprising before the end of the year!
You continue to live in denial and can’t accept the fact that DI has lied to you over and over again on the phone. You are probably too heavily invested in the stock?
LOL. I personally know couple of neurologists (in Chicago and London) that work with the neurosurgeons in the publication. In fact, they all support the science, outcomes, and mechanism of action. I have been entrenched in the neurology world for the last 20 years. I have never pointed fingers at the data or KOLs supporting NWBO. But unfortunately the folks that run the company does not inspire any confidence. And I will say this again, LG, DI, and LP are liars!
How can you say UK approval imminent 3 years ago when you knew that PIP application and approval was going to take 6-12 months before you even become eligible to apply? Forget about the manufacturing (even if their original plan was to use CRL)! There is no way you can justify that lie.
Furthermore, LP said at a scientific conference in 2020 (around the same time as LG’s UK approval imminent lie) that she couldn't wait to share the data with the community in the coming weeks. And those weeks turned into 20-24 month wait! And there are many such instances over the years….
LG is a BIG liar and so are DI and LP. Ex and LC often twist the narratives and create FUD, but what Ex mentions in the note you responded to is 100% accurate. LG lied on the big booz show in 2020 about imminent UK approval when they hadn't even applied for PIP approval (forget about manufacturing preparedness) and has since continued to BS shareholders. LP and DI does the same, but on different forums.
Agreed!
I told DI the above and he said "Application is our number one priority"
- they have been saying that its their number 1, 2, and 3rd priority for the last 3 years. Just wait for another excuse to show up in a few weeks. As I have been saying since the last 6-8 months, they have been waiting on something else (likely combo data) and will not submit until Q1 2024 at the earliest. Otherwise the application would have been submitted in April after MIA was granted in March. They would have had 30 months for preparation even at that point. That’s more than sufficient time regardless of how small or inexperienced your team is (and they have outsourced their work to consultants). Bunch of liars!
“Thus, while there is a good chance they’ll come in on time, this time as Biosectinvestor suggests, who knows?”
- That dude (and a few others that we all know well) has been gas lighting for a number of years!
The key reason folks are holding on to NWBO is because of KOL neurosurgeons that support this technology. Unfortunately, the company is not run by them, and the management team at NWBO is unethical, lethargic, and incompetent at best.
Nope. If they were providing free vaccines for comparison studies then you wouldn't see gofundme requests from patients in the last few months. The revenue for Q3 will again be disappointing as the previous quarter, which I have been predicting a while back.
The management has been lying to shareholders and I expect another excuse for not submitting their UK application in late November.
You don’t lie to shareholders and I am not sure why are supporting that behavior. How can you say UK approval imminent 3 years ago when PIP application was not done, UK manufacturing was not even close to being approved, etc.
The reality is all the pumpers have been wrong so far! It started with late spring submission expectations. Ask Thermo, hoffman (multiple aliases), DD, Dr. Zivic, etc. I forget many pumpers in the above list and for that my apologies! ;)
Lol! You’re probably not keeping up with LG’s and LP’s public statements. What was that LG comment on big booz show from 3 years ago - UK approval imminent? Around the same time, LP announced at a virtual scientific conference - we cant wait to share the data with the community in the coming weeks. Weeks became 20 months!
Once a liar always a liar. And with LP, LG, DI, they have lied repeatedly to shareholders.
LOL! I do believe they will eventually submit in Q1, 2024. If not, its likely there will be some lawsuits from shareholders.
I don't think the submission will happen in December either. It will ultimately happen in Q1, 2024. This is what I predicted almost 6 odd months ago when Thermo and all the pumpers were forecasting a late spring/early summer submission.
The management has been lying to us all this while. They have been intentionally delaying the submission because of some reason (which none of us know, but my predication has been around combo data). If 3 years post data lock is not enough to be fully prepared for regulatory submissions then I don't know what is. Particularly when they have outsourced all or bulk of the work to experts! ;)
Wait until December for another excuse to show up.
The dude is a joke! It actually points to more pain ahead in the coming weeks. Someone is offloading and they want retail to pick up the tab. You are more likely to be successful if you do the opposite of what he says.
No big, credible investor will go out and email other shareholders any inside info they may have. Particularly, ones that have a history of putting things on social media. At one point last month, he said he has been asked to shut up and not share this info and then he does the same thing again a few weeks later. He is unable to keep up with his lies and fabrications. Just like his bar conversation from December, LOL!
Thats better aimed at Ex, LC, IC, and Hygro. I’ve never shied away from criticizing LG, DI and LP despite being a long. They have been destroying shareholder value and have no integrity!
Only Dr. Marnix Bosch and Naveed Malik deserve to stay and their compensation.
Dec 25 will come and go and another excuse will pop up. Will that be Project Orbis, tissue agnostic, Flaskwork, BLA (CRL agreement for manufacturing in US) or something else?
Will they bring LG again on Big Booz show to lie and pump in December when we are back again under 50 cents?
No point asking that question and expecting a response. These guys have inside info and have been trading on it for many years. Not the first time he/she did it! No wonder they continue to support the management despite repeated lies over the years.
In any well run company with credible board and big investors, LG would have been fired long ago.
By the way, do you know of any big pharma that partnered with a small biotech firm whose head of business development is over 80 years? The combo partner narrative is another carrot they’ve dangled at retail and its a lie!
Go back and check my posts from the last 3-6 months. All the typical pumpers including Thermo predicted UK submission since April-May time frame and kept on kicking the can. When nothing was filed a month after MIA approval in late March, it became clear the NWBO management was playing retail. If 30 months from data lock didn't give them adequate time to prepare & submit the UK application immediately post MIA then nothing would.
We are now at over 3 years since data lock and yet they continue to make excuses. I have been working in this field for 20 years with multiple FDA and medical CE approved medical devices in neurology world and nobody takes this long to submit (even if you have a team of less than a dozen folks).
Just wait and watch!
Be prepared for more delays is what this all means. Nothing will happen in November and more excuses will be delivered in December again. Another lost year with false promises by management. A bunch of pathological liars!
LG’s statement from 3 years ago - UK approval imminent. What CEO, executive management, and board would tolerate such public comments?
This is what I posted many times 4-6 months ago. I predicted no UK submission/acceptance PR this year with some of the below excuses (by pumpers):
1) The focus has shifted to FDA now? UK not number one priority anymore. So need more time to line up CRL and other million BLA pages?
2) Now applying strategically via Project Orbis. All RAs at once. Need extra months.
3) Flaskworks certification given off label demand considerations!
4) Tissue agnostic approvals.
5) No MAA acceptance PR. Need to wait until final MHRA approval for the big reveal!
6) We are in rolling review. So don’t expect any confirmation for months.
Its another lie. Come early to mid December, we will hear another excuse.
And that excuse is likely to be - we have decided to apply to all 4 agencies in tandem, so we need another 6-8 weeks. In the end, they will only apply to UK in Q1, 2024!
Its simple they lied. Not the first time they did that! So many examples of that over the years.
This is what they said on August 29:
“The Company anticipates submitting the MAA in approximately the next 30-45 days. The Company plans to request that the MHRA review the MAA under the 150-business day process that the MHRA has established to accelerate the availability of new medicines for patients in the U.K.”
Such a contrast to the statements from today.
Also, they BS’d about the partnership in their last quarterly report. Nothing is in the works.
There will be no submission/acceptance PR this year!
These guys are a bunch of liars! They have been waiting on Ph 2 combo data and giving all sorts of BS excuses to show as if they are not fully ready to apply until early next year. I have suspected this a while ago. I wouldn’t be surprised if some of the shareholders sue them in the coming months.
The only thing that’s working in their favor is the support of KOLs and several brain tumor charities/organizations.
Outside a combo partnership that brings a couple hundred million, I don’t think we are going anywhere. Not even the MAA acceptance! They will continue to dilute the C shares with such pump and dump schemes. As always, I wouldn’t trust the likes of Dr. Zivic, Thermo, DD, Hoffman (his multiple aliases), and others on this platform or any social media. Most of these guys have the inside information and are using it to their advantage.
Busy at work, but good luck to all the longs!
I don’t get your argument as to why are you comparing NWBO to failed companies? Do we want to be like them?
The phase 3 data is great as well as KOL support. No one is questioning that.
Although, that still doesn’t give them free pass to lie to retail, treat us like we are stupid, and run it like her own private company. In any well run company with proper governance, the board would have fired LG for sure.
Gary,
They knew PIP could take at least 6 months to a year before they could even apply. Additionally, they needed few months to prepare for PIP application. They also knew the manufacturing facility would couple of years for commercial certification if they went with Advent.
So it was all a planned lie to benefit his buddies so they could sell the warrants/shares during that pump…so the same set of folks would come back to support the management again when the share price would eventually fall and they needed financing. Rinse and repeat.
Defending management’s lies all day as a moderator!
No viewpoint would justify UK approval imminent comment 3 years ago. LG obviously said that to support some of his buddies that held the warrants and they knew exactly what was going on.
Not to forget all the lies LP spewed over the last 5-10 years as to how they are in the final stretch.
Nope, you have not, and I don’t expect you to respond.
Anyway, I am hoping there are more folks that continue to highlight the issues with this management, and eventually someone like Michael Bigger take up an activist role at MAA submission, per his comment a month or so ago.
Do you trust your investment in the hands of key management folks that lie at will? I don’t.
A moderator defending managements lies non-stop could only mean one thing!
End of August submission timelines are coming soon!
We will also check on Specials revenue for Q3 in a couple of months, which would again be a good time to do another round of status check on application submission! ;)
Does not give them a free pass to lie to investors at will. Well run and successful companies continue to build shareholder value regardless of whether they are a small, big or a pre revenue biotech. They don’t continue to do down rounds for over 10-15 years. There could be an occasional blip or two but not the continuous and excessive pattern you see with this management. That’s a massive red flag. No wonder why they have not been able to find big, credible investors! Because their history points to them screwing investors by raising capital in the subsequent round that values the company lower than previously. And the answer is average down, LOL!
It’s not about me vs them.
You can continue to look away from the many lies LP and LG have spewed to shareholders over the year. Some even got wiped out.
Are you accusing them of another lie that they never planned to apply to UK first and right away. What was LG’s comment in summer 2020 that UK approval imminent?
They have always treated retail like we are stupid and LP is running the company like her private company.
Your impressions do not seem to be supporting you well here, Dr Bala….just like specials revenue…you are too busy settling at your new work and don’t pay enough attention to the lies and BS the management (and social media army) continue to throw at shareholders…perhaps that doesn’t bother you and that’s the hallmark of a true investor?
I don’t think this is an issue to be honest. They are all in this together from patent protection, etc. UCLA and LL will likely get compensated by NWBO once they start the commercial journey.
We had a similar arrangement with a brain imaging department at UCLA when we co-developed and commercialized one of the technologies which was partly developed at UCLA.
Good for you! I totally understand how hectic new jobs can be.
But you didn’t respond to Specials revenue non sense comment?
How will others take your (non sense) remarks seriously going forward, if you don’t explain….
We will check in end of next week anyway, then again end of October and every 2 months, as discussed.
What do you think about Specials revenue for last quarter? It fell well short of my $2M forecast. Did you call it non sense then because you expected it to be way lower than that and I was setting the expectations too high?