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Because they can, because it's good business. Lot's of reasons. You don't use cash to buy back stock because of acquisitions, you use the cash FOR acquisitions. Long shot Speculation at best.
80,000 shares traded already. Someone is dumping.
Looks like we start the week with another test of the 50DMA. Not sure how much longer it can hold with no news.
Yep. pre-market 30,000 shares, 1.42/1.43.
We are like 96 days past data lock? How ling can this go on without news?
So, we went from everyone predicting topline every day to no predictions. Does anyone have any ideas?
I read it as Thermo has MADE $100 million in this stock, not invested. Certainly possible if he accumulated 20 or 30 million shares/warrants averaging .20 to .30 cents.
Next Friday will be 6 weeks from March 1st and 8 weeks from March 15th. Is our 6 to 8 week run prior to warrant free-up starting with topline next week?
They are in a self-imposed quiet period, not formal. Nothing concrete tied to it other then topline, as far as we know. From a DI response in October, after DL: "The company considers itself in a quiet period and so we won’t talk about anything to do with trial etc."
Since I believe the company has been unblinded for 6-8 weeks, it is concerning to me if they do not have a journal pegged already, and accepted. The other noise like 10Q or the "next" conference only adds to my concern. Still don't believe getting it right means being silent.
Not if he never leaves the little league field and takes some risk with confidence.
As of January 4th they state they are still blinded....in a very nice letter to shareholders, hmmm. Read down near the end where he states a lot of things LP won't.
https://www.irdirect.net/prviewer/release_only/id/4580227
There's a CEO who is playing it right IMO. Surprising the market, making public statements. He is speaking monday at "CEL-SCI Corporation to Present at the 2021 H.C. Wainwright BIOCONNECT Virtual Conference"
Nothing about topline data, but I wouldn't be surprised if he did.
Another Friday. Hopefully no news or 10Q today or this afternoon....don't like Friday news. Afternoon FOMO or selloff, we'll see.
Unfortunately we will bounce around in a range until news. PPS will move just prior to news, hopefully significantly, but who knows with this stock.
Agreed. The silence is deafening, and "deliberate."
I keep asking for clarification on what this means:
BETHESDA, Md., October 5, 2020 – Northwest Biotherapeutics (OTCQB: NWBO) (“NW Bio”), a biotechnology company developing DCVax® personalized immune therapies for solid tumor cancers, today announced that the database for the Phase III trial of DCVax®-L for Gliobastoma has been locked.
With the database now locked, the independent service firms managing the Clinical Trial are arranging for the independent statisticians to have access to the unblinded raw data from the Trial. Neither the Company nor any party other than the independent statisticians will have access to any unblinded data at this stage. This has been done for a while.
The statisticians will proceed as quickly as possible with analyses of the raw data and prepare summaries of the Trial results for review by the Company, the Principal Investigator, the Steering Committee of the Trial, the Scientific Advisory Board, and a panel of independent brain cancer experts, who will analyze the data with the statisticians in preparation for public announcement and scientific publication. Analysis has likely been done for six weeks. Nothing concrete as to timing for "preparation for public announcement and scientific publication."
“We are excited to be so close to the finish line now, after such a long road” commented Linda Powers, the Company’s CEO. “We are hopeful that DCVax®-L can become an important new treatment option for patients who urgently need more and better treatments for Glioblastoma brain cancer.”
“We are grateful to the independent service firms and the clinical trial sites who have worked so hard to complete the data collection and confirmation during many months of COVID restrictions and challenges,” Ms. Powers continued. “We are also very grateful to our shareholders for their patience and support, which has made all this possible.”
Can you post the thread?
Yep. And 10Baggerz got a reply without a date. Do we have an extension to file 10Q? Also, How long can a public company hold material information without disclosing? Can't be infinite.
Exactly. The entire world will be notified via Edgar. Have they ever PR'd a 10Q? I can't remember one. Although, maybe they will this time. They can add a few more cryptic language lines that they feel will buy them even more time.
I thought they were working on topline? I thought we hired outside CPA firm to handle filings. All LP has to do is sign it when it is ready.
This is precisely my point....This is why I am frustrated. The entire world sees it this way, except for this board. We need topline. We need PR, lots of them, and take some risk for F's sake. Time kills all deals....
Quote:
Notorious for its lack of progress is Northwest Biotherapeutics’ DCVax-L. In October the company said it had locked the database for its long-running – 14 years, according to clinicaltrials.gov – phase III trial of this cancer vaccine. A release of data could be imminent, but there has been no movement here for at least eight years, and many industry watchers have long since run out of patience.
I don’t swing trade or short. Most of my position is in qualified accounts. I had to sell a small amount two weeks ago and take the profit to balance a short term loss for 2020. I have been more outspoken lately, all due to company changing position/strategy and going silent. At a minimum they should have said “we may have to take a few more months For topline based on the volume of data, and what we are seeing, to be sure we get this right.”
still 1.62/1.63 etrade
I have been waiting for 6 years to see the results of science I believe in. I am frustrated because the mgmt of this company continues to say one thing and do another. I do not believe you can defend that with a publicly traded company. I have been critical of their strategy for a long time, not the science. I wish control was in other hands. They should be saying more publicly, period. They have results in hand, likely for much longer than a month. After multiple statements of topline by specific dates (last time by end of September), they PR data lock and go dark. No more mention of topline. It's BS, IMO.
Please. Anyone accepting of this company's behavior and lack of communication is a lemming, IMO. LP needs to be held accountable to shareholders.
It could mean no bad news, but they haven't said that. They could, but they haven't. They "could" be circling the wagons around one positive minor endpoint and how to make it sound like a homerun. We just don't know and that is my problem with them. 90 days with no update is unacceptable in my view.
Still need a leak or news to get to 40-50 million shares traded and a real move back over $2. Still, haven't heard any new predictions on topline? Where did the daily expectation go? No news, no 10Q, now our 10K will be due, no notification on warrant suspension. What gives? data lock was 90 days ago....we have been told nothing. Horrible.
3 months past data lock. Has anyone heard anything from the company? It is a little stale, IMO, to keep referring investors back to an October PR that doesn't state anything concrete...except data lock.
I sent an email yesterday, no reply. Was going to call if he said there was anything new he could talk about based on my request. So, nothing.
So, we could get more end of year tax selling today, correct? It is sale date, not settlement date?
LOL. They made that resolution earlier this year. So much for that. Probably stopped working out and dieting along the way too.
I think we see a small rally into the close tomorrow afternoon (FOMO). Most have accepted the fact that we will not see topline in these two shortened trading weeks. Next Monday it starts. If Feb 15th is new warrant conversion date, six weeks starts Monday for the "time to run."
low volume, no news until new year. Doubtful there will be buyers taking new positions today/tomorrow...or selling for that matter. Need topline or update.
I was not aware the uptick rule would apply to the wild west of OTC. However, isn't it interesting the low volume today? No nefarious slapdowns or shorts....
Two trading days left this year. I doubt we hear anything before next week. I am surprised we didn't get at least the 10Q. As of tomorrow the clock starts ticking on 4th quarter, 10K. Can't hide behind covid exemptions on this one. And, we outsourced the accounting function to a large firm to do the work so it can't be that they don't have staff to work on it while also working on topline items. Just don't understand why there can't be an update.
well, it ramped up quickly as I wrote my post. Yes, accelerated volume to downside quickly. Could be a warrant holder. Could be a bear raid or ClayT and his folks exiting on 50DMA break.
Like I said yesterday, easy pickins for a bear raid with no news. We did have that small gap to fill but selling begets selling at this point. End of year, no news, short week, clayTrader, lots of reasons to go down and very few to boost us up. Lower volume though so it should bounce back.
I probably will not sell anytime soon either, maybe take a few chips off the table if this is as positive as I believe, in the $5-7 range.