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I never seem to see the word 'censored" in all this, why is that?
Really? You're going to change the direction of our discourse because of one simple word capitalized (which i did to make a previous point)? Just copy and past the paragraph into google. -It's all legitimate. Now, let me know if you want to reconsider your belief on why they got booted off Nasdaq?
You could say about the exact same thing with Bavituximab. No side effects turned out to be ineffective.
"On November 7, the Nasdaq staff notified the company that they have identified a few financing transactions completed between May 15, 2016 and October 13, 2016 that did not adhere to Nasdaq rules. Northwest then initiated remediation discussions, but the company’s remediation plans were rejected by the Nasdaq staff. The recent development to switch from Nasdaq to OTC is a fallout of that rejection.
OTC listing will also offer savings through reduced exchange costs, though it will come at the price of REDUCED transparency. "
Who knows really what Les allegedly tells individuals. Just the idea of speaking to only some on material issues is disturbing enough. It's probably more productive to discuss the rs as if it could happen; Shareholders should prepare. For example, would a proxy battle emerge with Woodford? Would they choose to not split the authorized? How would it change ownership percentages?...
Amazes me. And so did Ken Dart's Eastern Capital investment. They both appear to have allowed themselves to freely be mugged. To my mind, the big question is whether they were able to make back their investment somehow either by shorting or some darker deal.
If investors take seriously the history and governance issues, they shouldn't have touched either with a ten foot poll...At least not without a seat on the board.
That's not how you approach an investment like this. Those are pie in the sky figures unconnected to the reality of the history and governance of this leadership team.
Early shareholders do the heavy lifting then get rewarded by some big pharma swooping in somewhere in Phase ll. That's how it's supposed to work. You don't end up with a shattered share price while on the cusp of Plll greatness.
If they really have something sell the company. De-risk for shareholders benefit above all. Make them whole and happy and they will follow leadership on their next adventure.
An affirmation? Yeah, because history tells us they'd never do a reverse split, right? It seems kind of obvious to me but okay. For penny players, the rs is like crack.
Moderators, How do you suggest folks here learn by comparison if one cannot name a company to compare to? Otherwise they're just living in a vacuum. Hmm.
You'll rarely find the real motivation behind the reverse split on any printed page. It's a way around for failed leadership having to come straight out and ask shareholders for more registered/authorized shares. More often than not in the fine print authorized will not split with the outstanding, causing great dilution to shareholder equity.
Terrible. Reverse splits are bad enough but absolutely deadly when the authorized doesn't get split. Just more dilution and shares to sell as a reward for not doing their job.
So knowing all this you still think in terms of possible approval?
Seems at odds with common sense.
"About market cap"....No, not really.
Northwest Biotherapeutics Inc. (NWBO) voluntarily withdrew its common stock from listing on the Nasdaq stock exchange, and switched to the OTCQB Venture Market (the “OTCQB”), commonly called the OTC market. (For more, see What Are the Advantages and Disadvantages of Listing on Nasdaq?)
On November 7, the Nasdaq staff notified the company that they have identified a few financing transactions completed between May 15, 2016 and October 13, 2016 that did not adhere to Nasdaq rules. Northwest then initiated remediation discussions, but the company’s remediation plans were rejected by the Nasdaq staff. The recent development to switch from Nasdaq to OTC is a fallout of that rejection.
OTC listing will also offer savings through reduced exchange costs, though it will come at the price of REDUCED transparency.
Read more: Northwest Biotherapeutics Shunted to OTC (NWBO) | Investopedia http://www.investopedia.com/news/northwest-biotherapeutics-shunted-otc-nwbo/#ixzz4YOpQBvsc
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"NWBO (NWBO) has 2 splits in our NWBO split history database. The first split for NWBO took place on June 28, 2007. This was a 1 for 15 reverse split, meaning for each 15 shares of NWBO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. NWBO's second split took place on September 26, 2012. This was a 1 for 16 reverse split, meaning for each 16 shares of NWBO owned pre-split, the shareholder now owned 1 share. For example, a 66.6666666666667 share position pre-split, became a 4.16666666666667 share position following the split."
Reverse split?
Ah, i see...The old conspiracy routine. Makes it impossible to argue since it's based on no evidence of any kind. Wolfpacks and demons all chasing poor little Linda.
Okay so, have it your way, the science is settled. It works!!!
Now, why are shareholders down ninety percent and what are they prepared to do about it?
They're using CEO King's playbook.
They almost all complied except with the story line created here.
LOL. While you're at it why not get some "clarification" on the whereabouts of the investigation into "understanding" Phase Five's motivation for that piece rather than Powers alleged actual involvement? How much do you think shareholders are paying for that crack investigative team year after year?
Hi Les, How about just a simple hour long cc? Most shareholders have forgotten what Powers looks and sounds like.
Time for retail to support the stock yup mean? I'm fairly certain that institutions couldn't invest even if they wanted to with the ongoing governance issues. If my money was in a fund that invested in NWBO, given Woodford's comments and poor governance score, I'd be pretty upset.
"Wolfpack" ...LOL. Talk about a lopsided article...way to go Larry! Not even a suggestion of the possibility that governance could be the root of all problems. Not a mention of shareholders majority stake holder cash-cow, Woodford, and his comments on governance problems as the reason to turn off the spigot. And not a mention of the "internal investigation" gone missing. "Wolfpack"...I can almost smell the fumes coming off that article.
So much gone missing from yesterday. Everything regarding Powers and Toucan's investment, censoring of pfs vs. os....
So i guess they've put the "investigation" on the back burner then. Lol. Are Black and the other independent members gone?
Yeah, Phase Five would be foolish not go long here and collect twice as much. Lol. ...Maybe they'll even throw some money at NWBO to "get to the finish line" lol X2
How much was her initial investment and where/who did it come from beyond just Toucan? And what about that Cognate cash?
If Powers knows there's no possibility of commercialization than she's not really diluting herself, is she? Plus she gets to reprice options and assign herself more shares probably with just one signature -Hers! Reverse split splits have all sorts of neat tricks.
Never mind me. But i can tell you banks like to loan money, especially when there's a happy whale who's done the hard lifting invested.
Be honest and please tell everyone here, for a lousy $10 million how much did Powers dilute shareholders percentage wise?
And did it even with her own Toucan Capital, a billionaire majority stake owner, probably a multimillionaire herself, and in a low interest banking environment offering bridge loans all day long.
"Classes of shares"...Who said anything about that? I was speaking about governance scores and having a CEO,CFO,COB,Bookkeeper, etc. one-women-lawyer-show!
I saw what Peregrine management did to its common class when they introduced the preferred with a massive dividend. Not pretty. But that's a whole other story.
"Quietly accumulating" lol. How many times have we all heard that one?
Sorry but with the governance issues and lack of any investigation results, there's absolutely to way to assess risk in a fair way. This company appears to me tailor made to deceive retail shareholders.
"Safe to say". You gotta be kidding! This thing could be zero tomorrow. A reverse split, an SEC move, additional PhaseFive allegations, a Woodford suit...and many other issues could be the shareholder final wipe out. All related to GOVERNANCE.
I still note no formal filing on this last press release.
Down side is always a complete loss while upside is infinite. Same for every stock.
Do you really think with the shareholders down some 90%, that Woodford dumping would matter to Powers or him, for that matter? Better he remain since he's the only one who seems to care about proper governance.
What is it about Woodford's awful governance comments you people just don't get? Do you really think the average fund would be permitted to invest?
I'd bet if Chris does finally write that article he won't mention any of it.
Simple answer? Easier to raise money with PFS endpoint.
Also consider expirations from secondary causes/drop outs will make for plenty of censoring.
"If they always wanted to wait for OS, why not make OS the primary endpoint to begin with and have a clean trial?"
A simple cc would go a long way in clearing all this up, but alas there is nothing. Nor is there a thumbs up from Woodford. Why? None of it passes the sniff test.
If true, what a shame they gave away so much just a short time ago. I don't "believe".
Sorry but leadership buried themselves here with terrible and very unnecessary governance scores. Not to mention the lousy dilution, and an "investigation" on shareholders behalf that went absolutely nowhere...Even worse than nowhere.
It's a real predicament. And bless these two physicians for brining the unfair control arm participation to the publics attention. I think we probably have the computational modeling power now to do away with control arm SOC so long as biomarker and other testing is timely, accurate, and honest. It's the honesty part above all. Where there's money to be made there's sure to be deception.
LOL. Chris has been on the phone with the wrong people!