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Question for the board,
Aside from the PR yesterday relaying that NWBO will be presenting today, will we receive any additional PR's about the content or slides of the presentation?
Wouldn't that be something? Here's to finding out that information and fast.
Well as ambassador black would have known about the phase V reports. He is very good at "gathering intelligence". Do you think he would have joined without gathering intelligence and determining if the allegations presented by phase V were true?
Hahaha, I vote for that tagline as well
I agree, the tag line needs to go. When I first encountered the tag line I thought it was interesting, now I cringe when I read it.
Note to NWBO management if you are watching this board, cease using "stay tuned".
Also your shareholders would very much appreciate some updates on anything pertaining to NWBO
Well we can rule out bad news for NWBO. Reasoning would be, Adam would feel good if bad news was coming out or expected to come out for NWBO. So if AF is feeling bad, then the news he is feeling bad about is not negative news pertaining to NWBO.
No, his calculations of warrants or on a one to one basis, which is accurate.
1 option = 100 shares
1 warrant = 1 share
he is working from current shares outstanding 88 mil and 31 mil warrants = 119 million shares, then adds 42 mil additional shares and 21 mil additional warrants, for a total of 181 millions shares.
One edit, in this case the conversion ratio for the warrants is not 100 for 1 as it is with options. I believe the ratio is 1 to 1 for the NWBO warrants.
Did you forget to read the whole release from December 8th? NW wanted an investigation, poof there is an investigation "apparently" underway.
The Special Committee considered various candidates to head the Investigation Team and selected Messrs. Irvin Nathan and Steven Kaplan of Arnold & Porter LLP. Neither Arnold & Porter LLP nor Mr. Nathan or Mr. Kaplan has previously done any work for NW Bio, or otherwise been connected with the Company or its Board or management.
Mr. Nathan’s background includes service in the Justice Department as a Deputy Assistant Attorney General, as well as service as General Counsel for the U.S. House of Representatives, Attorney General of the District of Columbia, Vice Chairman of the D.C. Board of Professional Responsibility and Chair of the Ethics Committee of the D.C. Bar, as well as many years in private practice and extensive experience in conducting investigations.
Mr. Kaplan’s background includes heading the Corporate and Securities law practice of Arnold & Porter LLP, with extensive experience with corporate governance and internal investigations, in addition to securities law compliance, capital markets and mergers and acquisitions.
The Special Committee anticipates that the investigation will get under way in the coming week and will likely take at least 90 days.
What was the likelihood of reaching $12 from $3 last year? What was the likelihood $10 from $3 the year before? Is there a pattern? What is the historical volatility of NWBO? What is the implied volatility of NWBO?
Well when he made that claim the price went up, so initially his claim was dead wrong. Now it looks like a good call. Check back in 6 months and the call may change again.
Yup, still short?
From NW patient capital newsletter out today
The performance of the portfolio’s US biotech stocks was more mixed. Alkermes made a strong contribution, helped by a positive pipeline update that confirmed good progress in several of its treatments for diseases of the central nervous system. Northwest Biotherapeutics weakened, however, as the company came under increasing pressure to investigate recent allegations of financial improprieties and regulatory failure. We have engaged with the board on this matter and in a public filing to the U.S. Securities and Exchange Commission, we called for the appointment of an independent non-executive director and the convening of a special committee to investigate the allegations. According to the company, an investigation has commenced and we await its findings.
I agree, also would accept multiple successive days of positive PR's
To put that 15 million fine in perspective GS was just fined $5 billion in a settlement for mortgage settlement.
$15 million isn't even a slap on the wrist, it is a cost of doing business.
Shameful, and our regulators have no teeth.
Exactly, even after FDA apporval the shorts will not relent and claim "hey we were wrong it's not grapefruit juice, people are actually living longer we now recognize that"
Their argument will change to "let's see how the rollout works?" to "Only 220 (hypothetical number) patients have undergone the treatment for market costs, i.e. no one is using the product"
Look at MNKD, they fought approval, then after approved they fought roll out.
It's like a political smear campaign.
Possible, but if so, then why was he given a sweet heart deal (at the time it was a 20% reduction in the SP)?
That was my first thought. In my opinion that would explain why there was such a drop in the amount of short interest.
It makes me mad as ....
I appreciate the humor.
I was just thinking to myself, whew we are only down 17% today, could be worse. (insert sarcastic, frustrated tone)
I want to buy more and have cash available, but I cannot allow myself to do that at this time.
NWBO management if you are out there, your long term, long shareholders are hurting bad.
Because they are estimates, that is why they may go up.
Look at the various 10-K's of companies in litigation, they do not know how much to value the outcome of a trial therefore they have to use estimates for possible outcomes on the financial statements.
When there are uncertain liabilities present, valuations and estimates of probable outcomes must be used.
That is how they can change.
Everyone can gather email addresses (direct and general) from NWBO's website
I also wrote management an email today.
I kept it simple
"What is going on here? Who are the healthcare focused investors who purchased these shares?"
I am growing very tired of this non-sense, this is a real $h!tty christams card. While the purchaser of these new shares just received a wonderful Christmas bonus in the form of a 20% discount.
I am actually floored by the timing of this and the terrible price. Very disappointed today.
Fact head of the DMC stated there was no interim analysis completed and that those who that argue there has been display a lack of understanding of clinical trials.
Psst, he was referring to you.
You do not accept that, we all get it.
I have invested in CLDX, although I am not currently invested in CLDX. I find your actions regarding CLDX and NWBO to be as clear an indication of your bias as possible.
You did not claim that CLDX was criminally misleading investors when they planned to go for AA and were rebuked by the FDA and they had to increase the size of their trial.
NWBO increases the size of their trial and all the sudden Linda is criminally withholding negative information. Despite have the head of the DMC call you out specifically you still do not change your tune. To me that reeks of unrelenting bias, in the face of new evidence.
whatever proof that is put forward, you discount as not proof. I guess you know more than the head of the DMC.
I actually have a question for you, how do you explain the large short interest in CLDX relative to the float? (for a point of context there is less short positions in NWBO relative to the float than there is in CLDX)
If the investing community as a whole is accurate (for the sake of argument we will assume the investing community as a whole is accurate, I personally don't subscribe to that overall) what does it say that there is more short interest in CLDX than NWBO relative to the float of each respective company?
What debates?
Do you understand innocent until proven guilty?
Your points all start from guilty until proven innocent.
Interesting that AF will defend Martin S as innocent until proven guilty, while at the same time claim Linda is guilty until proven innocent.
Adam if only you had as much fun vocalizing your knowledge of Martin S and is underhanded dealings with everything he touched when KBIO was sky rocketing, you could have actually done what it is that you hold yourself out to do, save shareholders from underhanded CEO's out to line their pockets.
He is only the largest, most underhanded CEO to be indicted in Biotech this year, and you personally knew he was underhanded and not surprised by Martin earning an indictment.......Bravo Adam Bravo
You missed a big one right under your own nose
Why with your knowledge did you not do more to help those who were mislead by Martin?
To add insult to injury, I would like to add that the other poster who made this claim
The other poster just acknowledged that the claim of no serious investor in NWBO was inaccurate. TZOR = 1 vs other poster = 0
A poster just claimed that NWBO has never received serious investor support. To which I would reply is Neil Woodford not a serious investor who has provided support? The answer is yes Neil Woodford is a serious investor who has supported NWBO, which makes the poster's claim inaccurate. The poster is aware that the claim made is inaccurate, and that NWBO does receive serious investor support.
18 months rolling window to pass all four, then you lose credit for sections beyond 18 months
Passed regulation
Slapdaddy = Scott strupp = scottrs (from YMB)
Who previously argued that NWBO never recognized revenue. Apparently Scott is unable to read financial statements on file with the SEC
Great idea
Noted, I agree and will cease communications with AF
Have you, the street, or any of your colleagues received subpoena's in connection to the SEC investigation of Martin S.?
I kept his earlier post about "Many of us who have known Martin for a long time are not surprised by today's arrest"
Mr Feuerstein, would you care to answer my questions I posted to you?