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.
I concur
hey femike. just wondering how long you have been a share holder.
thanks sojo. something is going on. seems like the action is controlled.maybe allowing the .55-.60 to buy before a pop?
high pressure stones turn into diamonds.
looks like the buying gift has happened enjoy longs. time to take the top off and get a cut of dry powder.
Sojo any thoughts
For those who rememberer the cashmere sweater comment from our friend. CNBC's Jim Cramer eviscerated for touting Silicon Valley Bank weeks before disastrous collapse
DD Good luck. Two years ago we cut our positions in the market in half. One year later we cut in half again Im sure we all have watched the market decline and many have lost 50% of value if they held. It seems like more decline is heading our way. I remember buying a ton of Nwbo at !6. we might have that same opportunity again maybe .30 -..40 who knows . We are watching and still holding a smaller position but it would be some gift if this happens. Good Luck Longs in all investments. 10 plus years long
February 27, 2023
VIA ECF
Hon. Gabriel W. Gorenstein United States Magistrate Judge United States District Court Southern District of New York 500 Pearl St.
WRITER’S DIRECT DIAL NO.
(202) 538-8120
WRITER’S EMAIL ADDRESS
williamburck@quinnemanuel.com
MEMORANDUM ENDORSED
New York, NY 10007-1312
Re: Northwest Biotherapeutics Inc. v. Canaccord, et al., No. 1:22-cv-10185-GHW-GWG Dear Judge Gorenstein:
We represent Defendant Citadel Securities LLC (“Citadel Securities”) in the above- captioned action and also write on behalf of co-Defendants Canaccord Genuity LLC, G1 Execution Services LLC, GTS Securities LLC, Instinet LLC, Lime Trading Corp., Susquehanna International Group LLP (“SIG”),1 and Virtu Americas LLC to respectfully request a 30-day extension of the deadline to respond to the Complaint, from March 6, 2023 to April 5, 2023.
By way of background, this case concerns allegations that Defendants each—separately and without coordinating their activities—manipulated the market for Plaintiff Northwest BiotherapeuticsInc.’s(“NWBO”)stockthrough“spoofing.” See,e.g.,Compl.¶7. OnFebruary 23, 2023, having investigated the allegations in NWBO’s 281-paragraph Complaint, Defendants informed NWBO of material objective factual inaccuracies in NWBO’s trading allegations, specifically with respect to NWBO’s data. In their February 23 letter, Defendants explained that Citadel Securities and other Defendants would provide further information to NWBO concerning thesignificanterrorsintheallegationsagainstthem. DefendantsrequestedNWBO’spositionon a 30-day extension of time to respond to the Complaint—which would permit NWBO to evaluate this information and determine whether to withdraw the Complaint—no later than 5 pm ET on February 27.
1
contains no substantive allegations regarding trading or “spoofing” by SIG.
SIG joins this letter to propose a consolidated briefing schedule only, and notes that the Complaint
quinn emanuel urquhart & sullivan, llp
ATLANTA | AUSTIN | BERLIN | BOSTON | BRUSSELS | CHICAGO | DALLAS | DOHA | HAMBURG | HONG KONG | HOUSTON | LONDON | LOS ANGELES | MANNHEIM | MIAMI | MUNICH | NEUILLY-LA DEFENSE | NEW YORK | PARIS | PERTH | RIYADH | SALT LAKE CITY | SAN FRANCISCO | SEATTLE | SHANGHAI | SILICON VALLEY | STUTTGART | SYDNEY | TOKYO | WASHINGTON, DC | ZURICH
Case 1:22-cv-10185-GHW-GWG Document 779 Filed 02/278/23 Page 2 of 2
On February 26, at NWBO’s request, Citadel Securities provided NWBO with detailed descriptions of some of the factual inaccuracies, which materially impact NWBO’s claims and allegationsagainstCitadelSecurities. Theletter,asacourtesy,attachedaccuratetradingdatafrom OTC Link, the platform on which Citadel Securities trades NWBO and the original source for such trading information. See Ltr. from W. Burck to L. Posner, Feb. 26, 2023, attached as Exhibit A. Citadel Securities provided NWBO with this information as a courtesy to assist it in determining whether to object to Defendants’ requested extension, and the information was provided without prejudice to service of a potential motion for Rule 11 sanctions, which Citadel Securities intends to serve by March 8, 2023, if the Complaint is not withdrawn.
Defendants respectfully request the instant 30-day extension of time to respond to the Complaint—which will not change any other scheduled deadlines—so that NWBO will have sufficient time to determine whether to withdraw the Complaint, including 21 days after service ofanyRule11motion. Thiswillallowthepartiestoavoidmovingforwardwithmotiontodismiss briefingthatmayotherwisebecomemoot(giventhatmanyofthefactualallegationstheComplaint reliesuponareutterlywrong). Therequestedextensionwillthusconservejudicialresourcesand promote efficiency, and the brief delay will not cause any meaningful prejudice to NWBO.
Although NWBO responded to Defendants’ February 23 letter to request additional information concerning the errors in NWBO’s Complaint, and Citadel Securities provided that information on February 26, NWBO has not taken any position on Defendants’ extension request. This is Defendants’ second request for extension of time to respond to the Complaint; Defendants previously requested an adjournment because, among other reasons, NWBO had not yet effected service on all Defendants.
Defendants therefore respectfully request that the March 6, 2023 deadline to respond to the Complaint be extended 30 days to April 5, 2023. To the extent NWBO elects not to withdraw the Complaint, Defendants intend to meet and confer with NWBO concerning a briefing schedule for motions to dismiss.
Respectfully submitted,
/s/ William Burck
William Burck
Granted in part and denied in part. In light of plaintiff’s response, an extension is granted only until March 20, 2023. If both parties agree to a further extension, it may be requested by means of a letter compliant with paragraph 1.E of the Court’s Individual Practices. On a separate point, the Court wishes to be sure that the memoranda of law are properly focused. Accordingly, the parties shall be limited to 25 pages for any moving and opposition brief and to 15 pages for any reply brief.
So Ordered.
February 28, 2023
2
yes it does. save your own ass and rat rat rat.
Independent Observer Comments on May 10th correlation with price drop = Market Maker + Journalist = Wealth Destruction $NWBO May 10th victims have at it. Citadel and Co. Just opened themselves up to your punches.
— Michael Bigger (@biggercapital) March 1, 2023
Independent Observer Comments on May 10th correlation with price drop = Market Maker + Journalist = Wealth Destruction $NWBO May 10th victims have at it. Citadel and Co. Just opened themselves up to your punches.
— Michael Bigger (@biggercapital) March 1, 2023
I think this will settle no trial.
10K soon ?
JT. Are you sure about that. I see 2,426,328 today. C Y A
lol never mind there goes a 19 share trade.
halted? 2150224 shares traded for a very long time
Owain has had his first of 3 vaccines with the fantastic Professor Ashkan 👏💪🏽#DCVAX #fundsforowain
— FundsForOwain (@FundsForOwain) February 8, 2023
Please if you can donate anything at all to help Owain get this treatment the link is here… https://t.co/7uVByWubS2 pic.twitter.com/72pNRN82no
UCLA head of communication relationship with AF not strong enough to prevent Dr. Liau to publish that slide. AF losing the $NWBO narrative
— Michael Bigger (@biggercapital) February 15, 2023
Pfizer, Novartis, Merck Executives Say They Are Hunting for Deals Again
Lower-priced competitors could take away nearly a quarter of industry sales
Cherry. exactly.
Why the hell would any try to stop Nwbo from helping. https://twitter.com/alexeades1