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Exactly. There's no chance that 1) NWBO has not been in communication with the SEC during this process. If not, this stock would have been halted by the SEC long time ago. 2) that they are working on making a negative thing positive, as SEC would never allow this to happen as they are in the business to protect share holders.
That doesn't mean the delay is due to a wildly positive event, as it could be a nothing burger that has dragged out due to the pandemic.
So lets say they have been unblinded since mid to late November. I do not know ANYTHING about medical journal writings or time lines. If they had started the paper well before DL (as I assume they have had many months/years to decide how the paper should be constructed) and completed it after the statisticians had delivered their numbers, I think that publication 'could' potentially be ready within the next few months. Please correct me if I am off on the timeline.
TLD could have been done some time ago, but held up due to the delayed 10Q. If that is true, I hope that LL and Ashkan are using the time to produce an article and submitting it so there will be a publication notice in the TLD PR. I am also quite certain that the delayed 10Q has to either a nothing burger that has been harder to collect info on due to the pandemic or a positive development. I do not think that SEC would allow the delay and let the public keep trading in the stock if it was negative. The SEC is there to protect the public. JMHO
There's room for all of us. Longs and traders. I think this is a great stock to be trading in. I kind of wish I would have done more trading. I have done a little in my Roth, and picked up some shares, but I should have done more. GL to you, No hard feeling on my end for traders. I trade in a lot of other companies, but none on the OTC pumpkin patch.
I am not saying management are doing a great job. I simply am saying that I don't think anyone is in any position to criticize the management based on anything factual as we all do not know what is going on. Once we know what has been happening since DL, we can say whether we agree or disagree with the way they handled it. The problem is that people let their emotions get the upper hand and then these toddler posts appear.
They have clearly communicated that anything before DL should be disregarded and referred back the DL PR when questions have come up regarding timing. You are taking information from the company that was expressed prior to DL and creating an expected time frame that works for your investment narrative and when that didn't happen, you go sit in your little corner and start throwing your toys.
There are so many posters on this board who act like entitled little brats. Most of them claim to be long term investors. They keep posting things like "I want", I need", "Why aren't we getting what we want" etc. The only thing you are entitled to in a publicly traded company is to buy and sell their shares. GROW UP!. It is not the managements fault that your expectations are not met. If you don't like it, you can always sell and move on. It is ok to have gripes with management and disagree with the way they run the company, the only problem in the current situation is that you have no clue what is going on, so you cannot argue that they are not doing the best job possible. All you can do is sit in the corner and throw your toys like a little spoiled toddler, because they are not doing what you expect them to do.
When the daily volume of a stock is as low as NWBO, these stories are usually never disclosed, so when someone has to sell a decent amount of shares, it looks like a raid. Thanks for the info. He might have pulled a few nervous shareholders with him, but some of us are happy we got to load up at a hopefully favorable price.
Good to hear. Less reason to feel really sorry for him.
If he's the one who sold me my shares at 1.40, tell him I am sorry for his situation and my sincere condolences for the mess he likely is going through. That is a bad situation, as his funds are likely tied up and he is not able to buy back in for the foreseeable future.
So someone thought the SP was ripe for a raid today. There was almost no pre market buying interest, so they took their chance. I think they got surprised that buyers showed up and they ran out of shares to dump to keep it down. They are taking a last stance around 1.49, but I don't see them risking many more shares as the buyers told them that they are willing to support the SP at least for now. Picked up a chunk at 1.40, so I am happy.
Me too. Picked up a nice chunk at 1.40. Have more buy orders at 1.35 and 1.30.
I agree 100% that this is a significant event that is causing this delay. I also think that this delay could quite possibly be the reason that TLD has not yet been PR'ed. I think if you are reading between the lines, all of the response that have been reported here has mentioned working on getting the 10Q done. There have been virtually no mention of getting the TLD ready, which is obviously the most important to all of us. I think they are ready to announce the TLD, but have to wait until the matter holding up the 10Q is resolved. As retail investors, we should be glad, and look at it as a positive sign that the SP have held up quite nicely during this very important period of no public information.
I always shake my head at the people who are continuously requesting them to release something. They will release it when they are ready and I know they are working for the long term benefit of us and the patients. I do understand that we all have different time horizons for our investments and I understand that some people are so heavily positioned in NWBO that they would like to take some profit so they can continue to live their lives. Their frustration is not due to mismanagement, but due to their own expectations of how this timeline would be when they invested. This is where previous statements of management could have been misleading as they have signaled that the time line would be shorter than what we are experiencing. I am not sure if management previously underestimated the time it would take, that this longer time frame is due to Covid-19 or if the hold up is solely because of the 10Q situation. For all we know, they could have been ready to release TLD a month ago but have not been able to because of the 10Q delay.
Marzan, you know I am a fan, but I have to completely disagree with you about buy out. In my opinion for what it is worth, I am completely certain (to use Thermoo's definition of that word) that ther's no serious discussions about a buy out. Now, there could be discussions about a joint venture or a marketing/sales agreement. I also think that there's no connection between the delayed 10Q and TLD not having been released at this point. Though the TLD could be on hold waiting for the release of the 10Q, the content of the 10Q and the fact that TLD has not been released, has, in my opinion, no relation. Just my opinion.
Thanks for all you, your group and your friends are doing for the company and thereby the patients. I appreciate the candor of your posts, and even though I think you are as blinded as the rest of us when it comes to the actual factual information, I am sure you know a lot more about the attitude of the company than we do. I doubt that you have not picked up valuable hints, whether verbal or physical (tone of voice etc.) from your interactions with management.
Though I will never know, I had the opportunity to get involved with an investment group many years ago, as we had talks about me managing the 'company' and the legal implications for the group*. I would have had to increase my knowledge of taxation issues, but that didn't seem like too much work. I decided to take a job in the gaming industry instead, which was fun and hectic. I think I would have loved to work with you and your group as you guys seem to be socially motivated in your investment goals, which I have a ton of respect for.
Good luck to you guys.
*Note: I would not have been involved in any of the investment decisions.
No, they cannot be frozen unless they have received anything of value from company for this. I think Thermoo and his group (and friends of his) are the only major warrant holders outside of the insiders, but I could be wrong. It is definitely a great sign that they are behind the company like all of us retail longs. I think this company is blessed that a lot of people are loyal to them, regardless of the intention behind the loyalty.
No. They are freely able to exercise and trade their warrants.
Even though I think TLD is GREAT, the fact that the float has stayed the same is not an indicator of good news. It is VERY positive that the non-insiders have not exercised their warrants, however, though I truly doubt they have any more 'concrete' information than we do. I do think that they have the option of communicating with management and as I believe they are all savvy and smart people, they can probably gauge from their conversations what the mood of management is. That makes me think that it is GREAT news that none of them have exercised.
I am very pleased with Thermoo's statement that there was no extension of the warrants for him and his group, which are likely the biggest non-insiders holding warrants. I doubt the other warrant holders that had their warrants released on December 15, have too many of them. They might have exercised their warrants as we have seen a tiny increase in the number of outstanding shares.
Regardless of the status of the insiders warrants, they cannot exercise or trade before the knowledge they have become public.
I agree that Merck probably has a huge knowledge base of how amazing our products are. I think once they start telling their narrative the SP will rise a lot. I am sure that throughout the spring, the SP will get to a level where Merck can justify the price LP would want for the company. I just don't think that there's ANY negotiations at this time, as the future SP is speculative to put any kind of agreement in place right now.
It takes two to tango and Merck is not going to pay +20x for a company.
Based on what I hear from my friends across the pond, late summer, August, should be a good time to plan a trip. I am planning to go back to Denmark and see my parents around that time.
LOL, don't know anything about management. It is a car ferry, so it smells like gasoline in all the indoor areas. It's funny how you remember things, but that gasoline smell is my most vivid memory from back then, which is over 30 years ago.
That's a horrible ferry ride. Thank God it is not a long one. Probably taken that ferry more than 20 times when I was a kid.
Agree, The SP will take off during the next few months and depending on where it lands, the talks of a BO could emerge. I think she will wait until she is at a comfortable level and can get a deal that would be the best for patients moving forward. This is her legacy and she is not going to do anything to screw that up. Patients seem to be her number one concern.
Love this board and I am so appreciative of some (quite a few) of the posters here. I just think that there's too much hype about a potential buy out. I simply can't see that happening short term. I could be wrong (not the first time), but the previous actions and statements of LP just makes me think that is a dead end at this time.
My insult wasn't "veiled". It was pretty direct as I would hold an academic to higher standard when trying to provide information.
What "Document" are you referring to? You hail yourself as an academic. I can't find any document in any of your posts. I see a copy/paste of a question/answer section without source material or any reference of where you have copied the excerpt from. Are you saying this definitively shows they cannot delay the filing because there are ways to not include sensitive information? All I see is that there's a way for filing without including sensitive information.
I don't see any evidence of a company not being able to withhold the filing while communicating with the SEC, because the report may reveal sensitive information. I have stated before that according to my sources (Former SEC attorney) The delay is possible if there's continued communication with the SEC and the reasons for the delay are valid.
Absolutely love the “sort of” in the end. ??????
Agree 100%. People feeling 'Entitled'.
Not a bad buy once positive TLD is out. A lot of people on the sidelines waiting for first major derisking milestone. Still a few more milestones down the road for a serious profit even after TLD.
Most other CEO's would have worried about short term share price and might not have been as thorough as LP and the team are being right now. They would have released a PR by now, but that would likely not have been in the best interest of company long term and of patients, short term*.
*Being overly focused on just getting the share price up short term, could make you prone to making mistakes and have setbacks in the regulatory process, which would delay the approval process.
Marzan,
Happy New Year and keep those minions busy.
Just a correction. I have never prescribed to the buy out theory for the quiet period. I don't see a buy out in the near future for NWBO. I have a friend from law school who used to be an SEC lawyer and even though he can not say anything concrete about this case has said that these types of delays are often (Not always) regulatory in nature and that I more than likely shouldn't worry about the delay. Does that mean an uplisting, an FDA negotiation or a third possibility, I do not know, nor do I really worry about that.
I think they should get a sales and marketing deal with a BP (Merck would be a good company for this due to synergies). The reason I don't foresee a BO near term is that LP would not sell at a discounted price, which it would be unless SP gets well over $10.
I have always been of the conviction that this is LP's legacy and as such she would want to be involved just a little bit longer, to see the company through commercialization and possibly to see Direct through approval. Never underestimate a CEO who is not driven by money, but by legacy. I know many people here are not exactly fans of LP, but I, personally, wouldn't want anyone else to lead this ship for the next foreseeable future.
Agree, 10B's. I am also fairly certain we will have a great year as I feel we will blow away the primary endpoint and OS will be staggering.
My solid no answer was due to the fact that there’s multiple endpoints and if the are successful in achieving a few of them, the trial has not failed. Now later, if they fail to gain approval anywhere and the stock tanks, there will likely be lawsuits against the company regarding the materiality of the failed primary endpoint at which point it will be argued in court. The result of the trial will tell you whether they should have notified the public at the time they knew the primary endpoint failed.
From an attorney’s perspective, the real question will be whether they acted in good faith in thinking that they could still get it approved.
As an investor it is easy to answer yes, as most people are relying on the primary endpoint in this case, but it is not a clear cut issue, which your friend Biosectinvestor has mentioned numerous times.
I have said before that this issue is not of great importance as per DI, company believes they have an obligation, so in their eyes there’s no bad news that they feel they should have reported.
We unfortunately do not live in a world defined by statutory regulations, but in a world based on common law. Our US legal system is not as cut and dry as other parts of the world.
This is just my personal opinion based of many years of legal experience, but should not be relied on as a legal advice.
Happy New Year from Las Vegas to all you wonderful people around the world.
Congrats on your new baby. Parenthood is amazing. Remember that all first time parents will feel they are in over their heads. Those little things don't come with a manual. As long as you shower your child with love and affection and make them know they are loved and special, everything will work out.
I don't think it is out of the realm of possibilities. It would fit into the fact that the delay is due to regulatory issues.
They might need FDA approval before he can afford to close that one out....
Some of the selling the last few days are probably attributable to institutions taking a position after October 5, in hopes that TLD would have been released before end of quarter. They likely need to get out before the quarter ends, so their position will not be registered.
I doubt that they think any less of the future value of the company, and will likely get back in next week. They will potentially take a small loss on some of their purchases, but in a year where market in general have been booming, they are likely ok with being able to offset some of their profits in general.
I don't think we are talking about a lot of shares, as the volume have not been super high, but it will hopefully result in a spike of SP next week.