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Also to add to the accounting fees. The 1% rate is most likely applied to very large institutions. When compared to very small institutions the fee % will most likely exceed that amount as there are issues of scale. Certain accounting work must be completed (fixed costs), in addition to variable costs, with a small firm the fixed costs will skew the accounting fees %.
Well, where were your hit articles saving investors from his activities? He is quite possibly a real crook (pending conviction) that required the SEC intervene. Where were you when KBIO was skyrocketing, did you tell people to avoid it because you and many of those around you knew he was no good, and that you would not be surprised if Martin was indicted by the SEC?
If your goal is to ferret out crooks, as you claim, why did you not out Martin? Why were you not vocal about Martin every chance he made a PR as you often do with NWBO?
With all due respect, my opinion is that you sunk your teeth into NWBO long ago, and instead of changing your tune or adapting to any positive updates (there have been positive updates), doubled down, so that now it's more about ego, than it is about facts.
Ben my sincere condolences, God bless you and your family
Agreed, the shorts are not going to budge/have a change of heart. The only thing that will cause them to cease is extreme financial pain
Will you pay me royalties for taking my point yesterday about ADXS from this board then tweeting it?
You seem to be able to talk a lot of trash, yet if people present an opposite point of view or point out flaws in your arguments you block them from twitter?
I had to setup a second twitter account to verify "blueberry" because you blocked me from your twitter account. It seems to me that you are unable to take criticism, yet able to display criticism.
Interesting, it is you. What caused your recent setup here on this message board?
I find it interesting that a guy who was just accused of operating a complex shell game to line his pockets was accusing NWBO of the same.
Martin is the seedy underbelly of the biotech world. Even still he must be considered innocent until proven guilty, as much as I would rather in his case to be the opposite.
Hopefully some of his original shareholders get their money, unfortunately it will probably come from current KBIO shareholders in the form of him liquidating assets. Watch how fast KBIO drops on this news
Hopefully justice will be done.
AF just tweeted the ADXS/NWBO comparison, me thinks there are eyes watching this board regularly
Thank you for the laugh.
I just had the mental image of those two eating dingle berries together under the mistletoe.
Turtle if you think Les is giving out any material information via phone call that has not previously been publicly disclosed then you need help.
All the talk about phone calls with Les are complete fluff, meaning nothing of substance. Personally I would rather he doesn't spend time calling shareholders and gets back to work.
Now we are being removed from Loncar index!!
I know that they only own a few shares (less than one day of volume at current levels, I think is in the range of a couple hundred thousand shares)
But is still sucks!!!
I am venting, this is frustrating as hell. In place of data and progress we have drama and investigations. My point of bringing up ADXS was that they were on FDA hold since October, and the matter has been cleared up and lifted. Where is our clear up? Where is our lift? What is the status of the documents that were to be submitted in a few weeks? What the hell is going on?
Anyone notice ADXS clinical hold lift today? Notice that they were on hold from October 15, for a safety review by the FDA and had to submit data to the FDA.
you may be suspended from viewing his tweets, I am. I am honored to be suspended from viewing his tweets.
I agree with adding while the price is going down if you assume that what you are holding is worth more later. I was buying on the way down and my cost average has dropped. But I can no longer buy more, as I am at my risk tolerance level (slightly above my risk tolerance actually)
I want to pick up more shares and I have money to do so, but honestly with this matter outstanding and the recent drama, I have put my buying on hold.
If this matter gets cleared up positively, in hindsight now will probably be a good time to purchase additional shares.
If the matter is not cleared up positively, I am at a loss of words for that outcome.
We may have beat the dead horse to atoms.
I would really like to get some information from management on any of the outstanding matters.
Anyone going to the shareholders meeting?
I have, as most of the claims have been around for years.
Key statement "appears to be valid". Of course their article with a clear bias will appear to be valid. What remains to be confirmed is truth. Management has stated the report is not true/accurate/based on fact.
Exactly. The report at least discloses their bias in the absence of disclosing the author. Will the coward stand up and take credit for their "work"? Nope
Austin,
Alright then let's expand on your opinion. You opine that NWBO has not been held accountable, what do you suggest NWBO management do or have done to them to hold them accountable?
Not if she returns the data (not like she didn't already copy it), then she could argue she was doing her job as mandated/directed by Ondra and she complied with the non-disclosure requirements they signed.
What just blows my mind is that this woman (wolf) knew full well the conflict of interest. She knew what she was doing, she is pure scum. I was just looking at her bio from Ondra, and it was hate at first sight.
A lot of what you say could be true but I can assure you that it is not a binary situation (white knight or wolf in sheep's clothing) there is a wide spectrum of grey.
That I understand. The market reflects less than 30% chance of success.
I am in the 65%-75% range of success.
Better than a coin flip, and less than an absolute certainty.
I was reading an article the other day about an upgrade of the price estimate for KITE, in the validation portion of the article the analyst estimated a 45% chance of success of their KTE-C19 trial.
So, less chance of success than a coin flip.
It caused me to think of what people think our probability of success is with L? I know what most people will say the probability is, depending on who you talk to (ranging from 0%-100%).
How about for fun we test this?
What is your opinion of the probability of success of the phase III DC-VAX L trial in percentage terms?
Send it to them
Generally the Large Short players at least have the decency to stand behind their work, recent large shorts come to mind Lumber Liquidators, Valeant, Herbal Life, all three situations the shorts backed their work up in public.
Our anonymous PHASE V group are cowards at least and dirty conflict laden criminals at worst.
PHASE V stand behind your words in public, otherwise you are cowards.
Now you claim that NW hand no options, just like when people said that LP had no options when NW recommended his guy. THERE ARE OFTEN MANY OPTIONS AVAILABLE.
NW has plenty of options available to him, he does not have to go along with Linda's plan of action.
Take for example NW's recent letter/blog where he states he is selling his position in Rolls Royce, he could do that with NWBO. I personally do no think that is the case here, and because I do not think he is going to cut and run is one of the many reasons that I am maintaining my position.
Maybe you did not read my whole post? Particularly the part where I stated that I am not happy that we have not received an update on the trials. Also I was unhappy that up until yesterday we did not have a response from NWBO about confirmation of NW's proposal. Now we do, and so I am no longer concerned about that matter, I am still concerned about the L trial.
The BOD has appointed an independent financial expert to investigate the allegations made by Phase V about NWBO.
plain and simple
Mr. Jasinowski commented: "As we announced last week, we welcome Mr. Woodford's recent call for an investigation to address the allegations in a recent anonymous internet report and lawsuit, and we agree with Mr. Woodford that the investigation needs to be fully independent. We are particularly pleased that after considering various possibilities, we have selected accomplished, experienced, respected and fully independent parties to assist us in the investigation."
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.
Nathan and Kaplan are not there to rubber stamp, pal.
You are spinning again
I find your sleeper account interesting
NW wanted an independent investigation and he is going to get one. they are in the process of appointing one
"The Company is in advanced discussions with several other high caliber potential candidates for the new independent Director position, and expects to complete the appointment process soon"
Yes, I admit this is different that the original investigation proposed by NW, the one proposed by NWBO is greater than the one proposed by NW in that there are two investigations, one investigation is internal with an independent investigator, and the other investigation will be external with an independent ex-FBI agent.
I would personally rather get information about the science and I am disappointed that we have yet to get information. The other matter that WAS disappointing was the lack of follow up by NWBO about NW's proposal, and NWBO just answered his proposal, for that I am reassured.
Your lack of understanding surprises me
From NWBO's PR
"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."
Nathan and Kaplan are independent and they will do the investigation.
Do you need me to explain that in any more detail to you?
There is not a shift away from internal investigation, you are incorrect. Read both PR's from yeasterday
Ready4bluesky do you acknowledge that you are incorrect when you claimed that Linda has averted the internal investigation? Also do you understand as mapman clearly pointed out from the PR's today that there are in fact two investigations going on? You would have know that had you read the PR's, maybe you are one of those "international" types that spreads "international" theories and speculation? It's alright pal no response necessary, as I understood what you meant in spite of what you wrote.
Mr. Jasinowski commented: "As we announced last week, we welcome Mr. Woodford's recent call for an investigation to address the allegations in a recent anonymous internet report and lawsuit, and we agree with Mr. Woodford that the investigation needs to be fully independent. We are particularly pleased that after considering various possibilities, we have selected accomplished, experienced, respected and fully independent parties to assist us in the investigation."
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.
Ohh those internationals, always posting internationally.
Ok so this update is very interesting to say the least. On one hand I am glad that this information was addressed and possible conflicts of interest were publicly discussed/identified. To which I say good
On the other hand Woodford was just rebuffed and may not take kindly to being rebuffed. Possibly bad
What concerns me is that where is the talk of the science and the trial? Where are the updates? Clearing all this PHASE V BS will remove a thorn, but it won't move the trial forward. The single most important matter is the phase three trial right now, what is happening with the trial? Active, not recruiting.
I am torn today
Or you could have shorted BLUE, they are down 30%, if you are trying to make profit you are missing more profitable shorting elsewhere.
The trend has not been in place for 18 months. You should have shorted CLDX and Juno as they are both down more than we are today.
It could be said that the whole sector is down today, and we are not as far down as others in the sector.
The trend has been in place for 3 months.
Send this to linda, les, and NW