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Sure they are running on fumes, but where will this late raise be going. Lets do a mock up model:
$5M collected and spent on supposedly Phase II.
Does that mean nothing will go to:
Administrative costs like salaries:
$300k would be possibly someone's salary
$300k could be another's salary
who knows how many other thousands to family and friends working there?
So basically $1M down the drain.
How about the Cognate debt or the Sawston payment or any utilities etc.
Funny I though LP under the Toucan brand was a world class financier, surely such a financier could obtain a temporary short term bridge loan to get them to the next few months because as MD unequivocally states they are inches from he finish line, right MD. You are talking to mgmt daily these days publicly announcing what mgmt intends to do without mgmt saying anything in writing other than what is int rating in their filings.
This is all my opinion of course.
I am growing tired of NWBO's presents to shareholders, what planet are you from, how many freebees do you want? Is this the course of action that you were expecting, is this the news you were anxiously counting on. Tell me if there was great news and based on what you know about the Company and its history would you guess that they would not announce news if it were really great?
BTW any money that they get, how do you really know where it goes?
I am waiting for MD's spin.
He and others said ops was going in the right direction and yet overtime I opined that down $12 to .30 and then up to .50 isn't apples to apples. He and others opined great news any day now, over and over again besides speaking directly to mgmt for positive insight.........cricketts.
China,
If NWBO owes Cognate money for manufacturing shouldn't Cognate be repaid?
If Cognate carried NWBO for a period of time and at the same time manufactured the experimental product that NWBO needed to use in its trials should NWBO have the ability to sue Cognate for anything because without Cognate NWBO would have nothing.
If LP set up Cognate to be separate from NWBO for the purposes of protecting NWBO's intellectual property/experimental treatment wouldn't it be self defeating for shareholders of NWBO to be allowed to sue/destroy Cognate if the experimental product fails in some way.
NWBO together with Cognate are existing to test the experimental product DCVAX, why would you want to allow the benefiting shareholders of the public company to sue the private co. The private company is only set up to produce and sell the product to the owner NWBO. The private company has to protect itself from shareholders to get paid. So LP makes sure Cognate will get paid for its services and NWBO gets its experimental product...win/win. I mean with an experimental product being manufactured how can the company making it be liable for it, it is an experiment, it has inherent risk, will it work or not due to all sorts of things. What benefit is it for Cognate to purposely make a bad product. And Cognate never owes NWBO any money, it is always NWBO owing money by buying the product from Cognate.
Aren't you trying to stir the pot and create a problem that doesn't exist to cause issues.
Waiting for the subtitles to come across the bottom of my page.....or maybe a rough translation by some of the more learned members since the author isn't providing any.
Cherry,
I am confused, I have always remembered the "well over 300 patients" but you just reprinted a letter from Les further explaining the total as it being only 300. Can you explain this or am I seeing things wrong?
Thanks.
When an investor who invests $180M of other people's money$180M and at the same time a damning article comes out by anyone it could make the investor look bad since 1000's of his investors will read it
and want answers. It puts him in the precarious position of either shutting them up or asking questions. Well as we know he couldn't shut them (Phase V) up or even contact them fro that matter. He was forced to do something and being an activist investor at times it put him in damage control and he fell into a trap, he did his usual which in this case wasn't prudent and it backfired. He went up against a CEO who wouldn't backdown, in fact she got angry and herself attacked back. Then Phase V disappears but the damage was done and NW is left with he pieces.
You cannot give Phase V one iota of credence, anyone can accuse anyone of anything. In a court of law you need evidence but in the court of public opinion you all need to publicize and you get the same validation.
The fact that Phase V was an obvious front for Big Pharma and their shorters means their motivations aren't honest. They did not want to stay around to fend off any potential lawsuits, they wanted to remain anonymous and just hit and run. Now tell me how much credibility/ proof does one need to do a hit and run.
NW was forced or put in the uncomfortable position on being influenced by Phase V due to using other people's money to invest. If it were solely his own it would have faired much differently.
Re Phase V.
They appeared out of nowhere right when NW was making additional cash infusions taking us to places we have never been before pps wise and of course funding wise. He was effectively derisking us, and he was effectively killing Big Pharam's hopes along with their shorters.
So the motivations for Phase V coming into existence at that time was to save the shorts and make them even more money.....it worked and removed NW from the picture and made him a activist shareholder which ended up hurting us and at the same time hurting himself. If LP wasn't so tough things might have gone differently however NW ended up misunderstanding LP and her position and making a huge mistake that cost him dearly.
Then Phase V disappears as fast as they came on the scene. A total mystery company with zero credibility yet they expected to be taken seriously at the same time, now how can that be?
So what I find incredibly interesting is if Phase V is ever to be validated why would they fold so quickly , was it because they could not prove anything, they wanted to make sure their identities would remain private in order to shield themselves from any and all liability, they wanted to prevent anyone timing them to the shorters.
The fact that they vanished as mysteriously and quickly as they came on the scene should put anyone on notice that they were crested for one purpose, for the benefit of Big Pharma along with their shorters/naked or unnaked and thus prove to all how the biotech field/industry is absolutely scared of what NWBIO is doing.
RK,
when you prove your point with proof i.e. cut and pasting original source docs Pyrr doesn't go along with it, you see Pyrr only goes along with what he cuts and paste. You should stop trying to convince a member who thinks he is never wrong that he is in fact wrong, a total waste of your time. But for me it makes excellent reading material,
thanks!
I just like it when things are spelled out for the masses.
I definitely believe that this here forum is read by the traders et al and MD didn't spell it out and that is why the stock hardly budged today. But I bet you on Monday it climbs, now that you helped spell it all out in no uncertain terms, well almost ;) and you can quote me about the ups movement on Monday.
Either way I am in full with 1/4 MD has and feeling pretty good about it, at minimum I an recoup my investment shortly, that is if I sell.....but knowing me I won't, because I am a greedy pig.
I have seen this link many times, what is the big change.........spell it out to a dummy like me and possibly one other dummy.........why the hush hush.
And I was not speculating on anything MD said , on the contrary his post reeked of speculation and I was asking him to tighten it up, stop playing games and tell it like it is. If there is a huge announcement, change or whatever wtf is it?
Is that plain enough and direct enough for you.
I bought 20,000 shares on Wed making my total 100,000....yes putting my money where my mouth is as opposed to some other wannabes here and if there is something positive going on I would like to be in on the secret. I find it amazing that MD wants to write an article, tweet on twitter all the good new and positive news and yet he guises his posts here so I have to be a freakin detective to figure it out. Look
I am an admitted dummy, I just want to know what I am missing, how much do I have to beg for info!
MD what are you trying to say here, are you taking back your big announcement that you made today......please be CLEAR!
Thank you
MD, please help to enlighten at least me as to why this such a huge big deal right now?
Unsure what you mean, but you absolutely can take shares from an IRA and transfer them into your ROTH as long as you include the money in your reported taxable income and pay taxes on it. You cannot just transfer any shares into your ROTH account that much is true.
The latest Smith on Stock article is finally a work of art on NWBO's work in progress. He finally tells it like it is, puts F-Sain in hi place and discusses all the talents points and shows how positive the data really is. I look forward to tomorrow since in making the article public today many investors will have the time to digest it prior to the opening bell.
I find the timing also interesting, all the ducks are truly lining up for us, it appears a tsunami is developing that will take the shorts down and benefit the longs. If Woody were to read it and I am fairly certain he has already , being up way before us in the pond having his morning crumpets and tea like any wealthy Englishman will ritually do and digest this data and fuel his ultimate ambitions as well as making him look a whole lot better in the public arena. Dare I say he will be buying back in full jacket.:)
Didn't LP decide to resize it? And aren't we now at the end of 2016 at many more millions spent? So as much as Ic is negative, isn't he accurate and don't we need to understand our history in order to understand our future.
I want NWBO to shine as much as anyone and am hoping the coming news coupled with what appears to be NW's recent chess moves might foretell a great ending shouldn't there still be some pause to be careful rather than all chest beating that we won.
Smokey
how long ago did you speak with him about the clause and how did he see it?
Woodford is obviously setting the table to dine again. His timing is no coincidence. Obviously he will remain silent until he pulls the cord and shows his hand. It does seem like all the ducks are lining up. The only problem as I see it is the story reminds me of the Boy Who Cried Wolf, will all things finally come to pass this time or will it be another let down and more form over content.
I disagree with you Flip, and my proof is the last paragraph where they state that they will not reveal if they are insiders or not for market sensitivity, going by what you wrote what go against what they wrote and expose what they don't want to expose. I think something else is brewing here. But I thank you for your conservativeness, it is very welcomed at these times.
Look NW as stayed quiet for a very long time, quite patient if you ask me.
Within the last 2 weeks a bunch of price movement with a little news.
Do you think NW is just sitting around twirling his fingers doing nothing or always thinking how can he turn a bad situation into a good one.
Now the filing of this form.
It has to be good, it has to be money coming back in.
He isn't going to announce his intentions prior to it but he is going to file all the right forms in which to effectuate his goal.
My gut says positive based on all that has happened.
But one thing we do know is that a company spokesman said "NO" shares were sold during the big volume trading, so that is something that cannot be ignored.
Something is definitely happening, there is no coincidence in this filing. Something is up, if one would read all the communications with NW's staff toward questions asked it has always been respectful and humble. I smell a man who knows he when he went wrong and how to rectify it. He has waited patently for almost the low with the right timing. This is no coincidence, he can now dollar cost average and at the same time bring up /support the price, it can only rise once he buys back in. How perfect is that. He definitely knows that things are on the up and up since he investigated them. He basically is in the profit position to re-enter the fray. Whatever he lost can now be made up and then some, and I mean and then some.
All the chatter here during last week and the one prior missed this development. Something big is about to happen, there is a shift taking place right as we write/read and it could very well bring us back, I am finally excited. No more guessing this filing is extremely telling. I am fastening my seat belts because I strongly believe the game is about to be changed.
Goodnight.
His investment vehicle was always the legit owner of the stock of nwbo never him personally, correct?
And any inside info would have to be told to him personally and that is if anything was previously told to him which I thought was recently asked and his company answered that.
If he had access in the investigation of the company and recently learned something wouldn't that be considered confidential i.e. insider info and put back in that certain position.
If he wanted to buy in now personally would he personally have to file anything as long as it was under 10%?
Just see additional hap hazard questions.
If he already sold a number of shares to reduce his holdings below 10% would this form have to therefore be filed?
MD where is your promised article, NWBO made their PR's (two) and you have not (zero)?
What was it that you previously said ?
I will be very pleased assuming it is positive news and effectively and professionally written.
And what will say if they release nada, will you then say " lets see what they say the next week" and so on?
I also would like to know why MD states this as he knows it to be fact.
When it can obviously be interpreted in more than one way.
Someone stated that there was to be another PR.
We know that good news is not typically PRed on Friday.
We know know thru the Company that there will nowl be a new round of shares being made available for Company financing, and they announce it today after the close.....it sounds like there will be in fact a PR then over this weekend or first thing Monday AM IMO. And IMHO it would have to be positive or they would be shooting themselves in their own foot. So they give out s snippet on news this last week and test the waters so to say, flesh out AF&Co and let them go after it and do their typically trying to tear apart anything the Company's PR. The next move will be the Company's, kind of the last laugh so to say, where they can now come in for the kill with the GREAT news PR. Kind of like a flea flicker in football and make the Better PR along with the raise next week. It will surely help the raise which would propel the stock even higher than just another but better PR since now they will have the necessary funding for the next trial(s) and de-risk the company, kind of like settling with NASDAC last week. If this is it it could be called genius on LP's part and would go hand in hand with what she is supposedly noted for in her wealth of financial experience. If I (we are) am wrong although I got to believe I (we are ) am not then Monday is the magical day imo.
I would think this PR would cover most of the plaguing issues, giving us the answers re the investigation, more and definitive trial data, possible approval(s) and possible revenues etc etc. Would it be nice if this all came true and why the rush to write the most recent PR that was sort of lite on definitive results. This was the bait to get AF& Co to blow their load and now for the finale, what can AF& Co say to huge great news without making them look like total idiots.
Am I dreaming;)
I felt the same vibe and wondered if someone here helps him since many of his points were first and immediately posted here.......hmmmmmm. AF appears here from time to time and possibly gets help here too, how convenient and I would go out on a limb and say it isn't too outrageous to believe it.
MD I mean no disrespect and am happy to hear you state such positive forward facts re the trials. But how did you become the new informal company spokesman and why did NWBO decide to latch on to you to perform this function? And lastly how is it that you can be privy to so much if you are not the new official or unofficial company spokesman. You have never answered these questions believe so they are important to what is going on.
Now that is a little disappointing, if I were writing a PR I would have prepared it a head of time with a great deal of thought process to go along with it. Content over form for me but maybe that is just me. Haven't they learned that what they write will be sliced and diced by the AF's of the shorting world, come on man get with he program!
Weird.
Everyone here seems to be able to believe that they can easily predict if and when a PR is coming and what the it will say. Come on guys, with that egotistical attitude and with NWBO's history you would think you would finally learn how impossible that is going to be.
That being said, I am full in but know how hard it is to do the above and will quietly wait until something happens hoping it is sooner than later and more positive than negative this way I can never be disappointed by high and immediate expectations.
I also got to believe NWBO is trying to snuff out the shorties as a byproduct of some excellent timing and doing what is expected at this point in time probably isn't on their to do list. Go NWBO! How is that for cheerleading, our day will come and hopefully it is imminent and hugely positive and masterfully done!
Yes, you are absolutely correct.
I bought in at $2, then later again between .30+ to .50 and nothing more or higher.
I had originally 10K shares at approx $4 per share, then picked up another 10k shares at $7 and then another 10k shares at $10 and then 40k between .30-.50. and maybe 1k shares at $2.
So there you have it, I am in full putting my money where my big mouth is, trying to believe in NWBO's path and remaining loyal to the end.
And that is why one shouldn't go by percentages, because percentages are misleading, case in point what you wrote. It is the dollar amount that is important. If the price went into the dollars today then that would be significant. One also has to take into consideration the history of the price. Soon here wrote NH which I assume meant new high, this is no new high, this is part of new lows, $12 down to .60C is not a new high.
I want to be back where we once were, in the $12's and then climb from there and until that happens I will not be happy. It is unfair that MD owns 480K shares at the cost of $200k or so or so when I originally purchased 20k shares at a cost of $140k.
Yes that is exactly what I am saying.
Now all the new guys are celebrating doubling their money from .30 to .60.
WTF!
I will only celebrate when the price doubles from $12 to $24 and higher.
But yes Flip the memories here are very short. I sure hope mgmt had nothing to do with this.
I can easily see the stock manipulators/shorters being behind this.
But I am highly disappointed at this new scenario and low expectation level, for sure.
No need to get all bent out of shape.
I didn't tell you to be quiet, I told you that silence would have been better.
How would I know you have any disability. I also have writing disabilities, so do most who aren't professional writers. No one is trying to hurt you. But I will speak my mind and take the consequences.
I don't feel that I am arrogant but that is your opinion to make/write and you could be right or wrong, one will never know.
Bottomline, imho you should have said nothing, and nothing would have come after. I would check your arrogance meter and admit that it was better to let sleeping dogs lie than one the pandoras box but that is only my opinion.
Thanks for your service, but I completely disagree with you.
By your answer, i take it the info was not good and that is without any twisting..............so I guess we may
all be in for a rough ride. If it was good and by your previous writing style you would have mentioned that you would be fading up, by not mentioning it you have answered the big question already I assume.
it is hard to believe that they needed to have an internal investigation in order to identify and remove the MFN clause. She should have read these boards to save time and money.
I just want three things to occur: firstly to end the stringing along style mgmt has instituted all along by historically giving their stockholders the promise of good news is right around the corner in order to fund operations and finally PR the freakin good news already so we can recoup the pps and be solvent again; secondly to put a death blow all the major shorters especially the AF's of the market; to get patients in need of help the treatment that they desperately need and not necessarily in this order if you know what I mean.
Alright already Happy re brain cancer in children, 3 posts re the same depressing issue is plenty. So stop depressing me on that subject matter, in fact i wish it weren't so.
Re what is happening right now as it appears pps is suddenly going into the green, well I look at that change as telling, considering still no news.
I am very happy that Flip is finally being cautiously optimistic and is basically warning the NWBO mgmt to be real, to be transparent, to PR what is important and what will have legs i.e. to stop all the previous non substantive PR's or ambiguous PR's. Hopefully mgmt will listen to Flip, I wish they freakin hired him already, we would be far better off. Tired of mgmt.'s chess game moves already. I just want to see the beef already and not hear about its possible existence if you know what I mean.
Sometimes I think LP is just too smart and squirrley if you know what I am trying to say and all in my opinion. I kind of want a more scientist/engineer style to run the show and not a careful crafty attorney.
And message to Slappy, enough already, we know, we know, take a break and be positive for once and let the good stuff unfurl. Maybe just maybe NWBO will finally ace, or is it because you own no shares now you couldn't careless? Just be hopeful for once and stop dwelling on the past.