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Oh wait, sorry...Likely a bridge loan is unavailable since there's no CFO! Well, at least shareholders saved themselves a $300k salary, right? Lol
You just can't make this stuff up.
Maybe I'm confused, I thought the share price already crattered?? Please explain. Thanks.
Shameful. Never heard of a bridge loan in a low interest environment?
Beginning?
Companies
Now at least another 30 days of no real news...on and on and...
It's a scheme to squeeze out every little bit they can. Just like PP's ATM machine. Keep it small so as to not scare away investors but make sure it's always running. It's all these company's are good for.
I don't know, the stock market is forward looking and Chris is saying management is saying tens of billions at stake. I say how can't one have a proper CFO in place, one who knows how and where to find access to the best shareholder positive deals? And then the proper separation of powers between the CEO and Chairman to hopefully assure shareholders to get screwed.
I'm simply asking an analyst who wrote five or six glowing articles on a company, despite having complete knowledge of management's thirty year history of never delivering a thing while collecting massive salaries and bonuses across multiple penny companies that were all sunk, to finish his series articles with a piece that actually helps naive retail investors from getting sacked over and over again.
This post seems like it should be considered relevant to you given Chris' presence here and his glowing endorsement of this company, NW, despite numerous potential warning signs. I hope NW does well since it *should* mean patients do well, but let's not kid ourselves, there's a lot of terrible behavior out there.
"Tens of Billions" and the current market cap is $60 million? And while they're selling shares at this level. This all sounds a bit far fetched know?
I think we're all going to look back on these days and conclude ineffective biologics were pushed through strictly by the might of Wall Street.
How then will they get to the bottom of anything?
The longer the FDA talks linger on the longer they can do raises. Guessing they're in no rush.
Great post thanks.
SOC figures are all over the place. We all know this. Leadership can twist and turn the data how they like and compare it to whatever SOC works to the drugs advantage.
I'm sorry you can't see that Powers herself is creating great suspicion by wearing so many different hats. Then to not comment on this terrible accusation further creates mistrust. She has single handedly cratered the stock, it seems.
Precisely.
WRONG! ...On all counts.
Sorry but I do believe it anymore. Sure there's short attacks but they don't last years...maybe weeks or days. NWBO sp is where it is because it's a run poorly and perceived as shady.
I do but it doesn't mean much since these things are always settled with no admission of guilt. Could just be lawyers strategy. Has NW ever clearly addressed the issue?
Thank you. I'm really tired of this line:
"best "short" interest to create fear, uncertainty and doubt, and they..."
The stock price has shattered to the point all involved should be thoroughly embarrassed and taken to task. It's in nobody's interest to create that much damage.
I mostly believe your version because the CEO is the CFO is the Chairman is the ...
Why isn't anyone discussing this $5 million of securities put into a Malik account? Can someone please point me to a post or article which indicates it's been resolved? Thanks in advance.
You'll never know if an entity dropped out of majority status. There's lots of ways to hide it until at least a year goes by.
Yes, "LOL". The stupidity is beyond belief.
"One salary for three. Lol"
The research firm? ....And what about NW?
And what about NW?
And what was the final verdict here?
The research firm, which publishes reports criticizing health-care companies, said Northwest Biotherapeutics Inc. transferred $5 million of securities to a vehicle incorporated by Malik shortly after he published a bullish report on the drug developer.
No, that is NOT a way to save money with a publicly run company. You're talking peanuts considering what's been raised and squandered. Do you have any idea how much investment capital is lost with this sort of suspicious management structure - Many investors will simply pass over it.
Any good reason Woodford allows Powers to wear so many hats?
Is this the collaboration you're referring to? How'd that go?
BETHESDA, Md., March 29, 2011 /PRNewswire/ -- Northwest Biotherapeutics, Inc. (OTC Bulletin Board: NWBO) announced today that it has entered into a collaboration with The Money Channel to increase public and investor awareness of the advantages of immunotherapy for cancer generally, and the potential of NWBT's DCVax® immunotherapy in particular
Who's paying for those "collaborations" and what's come of them so far? Thank you.
So you spoke with Ms. Powers?
From my experience they will say much was learned from the STUDY that could help the next Plll and eventual commercialization. Watch and learn.
I get the sense this Plll has turned into some "signal seeking" study-only, with no chance of commercialization on this pass. This way remaining silent on the subject allows them to continue with the trading game and salaries.
Well, at least shareholders can rest comfortably since the deal was signed off on by all the officers.
Name: Linda F. Powers
Title: President, Chief Executive Officer
(Principal Executive Officer, Principal Financial
Officer and Principal Accounting Officer) and
Chairman of the Board of Directors
Hideous Delaware law. "We have been informed"...Is this standard language or specific to NWBO?
Our Certificate of Incorporation contains certain provisions permitted under the DGCL relating to the liability of directors. These provisions eliminate a director’s personal liability for monetary damages resulting from a breach of fiduciary duty to the fullest extent permitted by the DGCL. Our Bylaws also provide that we must indemnify our directors and officers to the fullest extent permitted by the DGCL and also provide that we must pay expenses, as incurred, to our directors and officers in connection with a legal proceeding to the fullest extent permitted by the DGCL, subject to very limited exceptions.
Insofar as indemnification for liabilities under the Securities Act may be permitted to directors, officers and controlling persons of Northwest Biotherapeutics pursuant to the foregoing provisions or otherwise, we have been informed that, in the opinion of the SEC, indemnification under the Securities Act is against public policy and is unenforceable.
Show me where I'm accusing please?
"For every 10 honest hardworking CEOs and management teams out there there is a Ken Lay (Linda Powers' former CEO when she was VP of Global Finance at Enron) who is defrauding investors.
"The job of the analyst is to balance hope and skepticism and find those investments that result in gains while minimizing losses.
Without a doubt, if DCVax-L works, investors long NWBO will do well. However, based on the situation as we see it, we cannot find the conviction to hold the stock long term. There is a trade to be had here going in to May 2014 with possible DCVax-Direct results at ASCO. But in the long run our view is that DCVax-L will ultimately fail.
Our view of NWBO management would be greatly improved if NWBO would hire a CFO and separate the financial and accounting responsibilities away from the CEO"
-RedAcre Less
I see no such post.
...Now I think I understand why the board chose not to put their names up on the company website.