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They sure have been working that q for a long time. Remember, this is the 10Q for the third quarter. Really unbelievable they haven't submitted it.
This company is circling the drain. "Time kills all deals" is a terrific truism that someone mentioned earlier. This trial is 14 years old now. DCVax is 20-something years old. Time kills everything.
Wait, are you trying to say that these new endpoints may not have been approved? How can that be? I've been told over and over again by the people on this message board that it's perfectly fine to change the endpoints of a 14-year-old trial at the last minute, and that the changes have been accepted and are good to go. And now you tell me that may not be the case? That's just not possible. I was told that the people on this message board are the most knowledgeable NWBO investors in the world and that they are never wrong. This is shocking!
Just kidding.
And now, the one who has never once been right about anything to do with NWBO tells us that endpoint changes are more common than not. That's an astonishing statement, and yet he provides no evidence to support it. That's because it's a lie. A complete and total fabrication! I have to tell you I am just about over all the bullshit that gets slung on this message board, from lies about submissions to NICE, to lies about Fast Track applications and Accelerated Approval, to lies about endpoint changes being approved. This whole thing is a scam and it is being facilitated by a bunch of liars with an obvious agenda, an agenda that has nothing to do with reality.
Reading the exchange where you attempted to educate a few of the simpler minded individuals here about how things aren't always black and white provided me great amusement. "How could you betray us, biosectinvestor? We thought you were one of the team!"
By the time it devolved into name calling, I was rolling on the floor laughing. Logic can be a tricky thing, and not all of us - even those who purport to be lawyers - can see it when it runs counter to our much-hoped-for narratives.
How many times have we read posts that state matter-of-factly the blinded, blended interim data released in 2018 shows DCVax "meeting the endpoints easily", and therefore THE FINAL TRIAL RESULTS MUST BE GOOD! This statement is simply untrue and represents bad logic.
Multiple posts recently have stated matter-of-factly there is a four-day rule that requires companies to disclose material information immediately, and that since NWBO is unblinded, has not reported trial failure, and it has been more than four days, that therefore THE TRIAL RESULTS MUST BE GOOD! Again, this is incredibly bad logic. Not to mention NWBO's total disregard for regulatory rules in the first place, there are infinite legal avenues one can use to get around the "four-day rule".
I'm not sure how you explain the kind of thinking that simplifies complex issues with so many unknowns in a way that satisfies only one perspective - the perspective that one wants so badly to be true. Is it immaturity and lack of experience? Education level? IQ level? Coordinated pumping? I don't know the answer, but I do think that what your exchange comes down to, as much as anything, is a sense of betrayal. They consider you one of the team, and can't imagine you daring to present a scenario that includes even the possibility of an outcome other than complete and total success for NWBO because that's all they can understand and all they want to understand. Never mind that logic dictates conclusions must support carefully examined and established premises.
I think some of these folks are in for a rude awakening when the truth of this debacle becomes known. There are many alternative explanations for why NWBO is refusing to release the data. The CEO has already told us as much. They learned the trial failed on the primary endpoint five years ago, which she as much as acknowledged in her response letter to the FDA begging them not to totally disregard trials that fail on the primary. Now, why would she have written that? Then she gave us another clue when she said more recently that regardless of outcome she hopes this trial will make an important contribution to the field of cancer research. Now, why would she say such a thing unless . . .?
There are a thousand things that could be happening here with this delay, and not many of them suggest a positive outcome. Are they having a hard time getting the regulators to sign off on their new endpoints? After all, changing the endpoints on a 13-year-old trial at the last minute is a fairly radical approach to medical research. Were they counting on the FDA to sign off, and that's why they went ahead and locked the data? Without FDA approval of the new endpoints, they are in a bad spot. Personally, I wouldn't be at all surprised if we soon learn they have been writing a piece for publication that is all about how this trial should be viewed as a success even though it was technically a failure. The point would be to present the failed data in such a way that it doesn't result in the share price completely crashing and the company going belly up. That's a tricky piece to write, and I can see how it might take some time.
Sounds like petty jealousy to me. I would think that instead of talking down another company's product, a better approach would be to release a better product, but NWBO won't do that. I wonder why?
There is a blatant hypocrisy on this board among those who constantly accuse critics of NWBO of being against an altruistic effort to improve the lives of cancer victims. And yet these same people spend an inordinate amount of time criticizing the products of other companies that are also trying to improve the lives of cancer victims.
The point he is making is about the stupidity of the paragraph below in Joan Lappin's article. Are you disputing that this is a stupid paragraph? Sure looks pretty stupid to me, on multiple levels. And am I wrong in remembering several posts you have made where you argue, correctly ima, that there are a thousand ways around the "four-day rule" and that it has no bearing on determining whether this trial is a success or a failure?
For long-term holders, I would agree these charts are pretty useless. However, for those of us who occasionally like to day-trade a portion of our holdings in order to capture quick 5-10% gains, sojourner's analysis has been very helpful and turns out to be correct far more often than not. He's gotten pretty good at predicting short-term movement on this stock. So when you say these charts are useless, you should clarify that you are speaking for long-term holders only.
I still believe that shareholders' May 2018 enthusiastic approval of a two-thirds increase in outstanding shares was the worst thing that could have happened. It was a missed opportunity for shareholders to employ the one piece of leverage they had to hold these people accountable. Things were at least as contentious then as they are now. We had been promised TLD in 2017, and then they let us down as they always do. To placate us, they announced data would be shared in a prominent medical journal. Sound familiar? As the months passed we came to learn that the data was interim, blinded, blended, and, ultimately, 100-percent meaningless, and the journal was in fact a publication no one had ever heard of and the company had to pay for the article to be printed on a two-week turnaround, without peer review, in time for ASCO. And then came ASCO 2018 (I just can't bring myself to go over that unmitigated disaster again).
But mixed into the 2017-2018 debacle was the too-often-overlooked shareholder vote to expand outstanding shares to 1.2 billion. How could investors, without even the slightest hesitation or critical analysis, allow their investment to be diluted by two thirds? The vote allowed this sham to go on for what will end up being three additional meaningless years. That's three years of our lives wasted reading this useless message board every day. Three years of NWBO management making millions of dollars while shareholders held the bag. Three years of 1,500-word tomes about how one EMT doctor's incomparable life experiences have shaped his world view into a perspective superior to the rest of us. (It's difficult for me to imagine the burden of having to carry around an insufferable ego like that, but one of us is here every day laying out in print for all to see).
So that brings us all the way to 2021, where the NWBO CEO has now diluted our holdings well beyond the approved 1.2 billion share limit and no one even seems to care. No one seems to care that 1.4 billion shares of stock has destroyed the potential payoff of a successful trial, the potential for a buyout, and the potential for ever getting out of OTC prison. And in the end the three additional years we've been sitting here waiting will have no added value. It turns out that after conducting a trial for 13 years they got to the supposed end and didn't like what they saw and decided to change the effing endpoints. This whole saga is a time cost that can never be recovered, and for what? So that the management of NWBO could continue paying themselves month after month, and enriching themselves through incredibly shady moves like the sale of Cognate, loans to the company at 18-percent interest, and falsely pumping the share price with lies like, "Come to the shareholder meeting. It's going to be interesting!", "We expect hard data lock by the end of May and TLD in June or July," and "We now expect TLD to be released sometime in September", etc., etc. And the delicious cherry on top is that, according to some people, we are now once again waiting on publication in a prominent journal. It's Groundhog Day in NWBO Land.
At what point are you people finally going to admit that something is seriously, seriously wrong?
This is amazing, the endless litany of excuses that are being presented to explain away the failures of this company, the latest being "new developments in GBM science" that are holding up the release of TLD. What a load of bulls---.
This is a 13-year-old trial. To suggest that the people in charge of this company were surprised by developments in GBM science would not be a complement or a positive indicator in any sense. This explanation is another lie. And if it were true, then why would the company not release a simple statement explaining the release of TLD is being delayed by new developments? It's absurd, and this line of thinking is just more excuse-making on behalf of the company.
No, the reason for the delay is far more simple. They have nothing. The trial is a bust and they've known it for five years or more. They are desperately trying to find an angle whereby they can present a failed trial as somehow being a success, whether for a small subgroup or for the "contribution this trial will make to the field of cancer research" as the CEO has already told us. We all know that's what they are doing. You know it. I know it. The CEO has told us. But only a few of us are willing to admit it. When are the excuse-makers finally going to wake up and realize this company has been jerking shareholders around for years? When are they going to realize that everything they say is a lie? When are they going to realize The Truth? How long can this scam go on?
It's just unbelievable that this is still being discussed. It couldn't be any more clear or simple. Everything I have been telling you for the past two and a half years is coming true right now, and people here still refuse to see it right in front of their faces.
SCENARIO 1 - TRIAL RESULTS GOOD
Action: Immediately release results - or at least a PR statement to that results are good while you work on preparing the data for release.
SCENARIO 2 - TRIAL RESULTS BAD
Action: Do what NWBO is doing - delay, delay, delay, while you try to figure out a plan B.
It's really that simple. No need to over-complicate things as everyone on this message board seems want to do. The people in charge of NWBO have had five-plus years to figure out a plan B knowing this trial was a bust, so the idea they are going to come with something out of the blue now is utterly preposterous.
This is an interesting theory that I've never seen here before. I think it is exceedingly optimistic in its conclusion, but interesting nonetheless. The fact that none of the alleged experts on this message board considered it, or probably even read it, lends it an air of credibility. I will keep my eye on it as we wait another six months or more for the release of Belzutifan and, presumably, DCVax results.
Ok, so why not tell us that? Why not tell shareholders that they are holding TLD because now is not a good time to release it and they want maximum impact? Why not tell shareholders that they are in discussions with regulators and will release TLD when issues are resolved. Why not tell shareholders they will release TLD in an upcoming publication?
You know why? Because none of it is true. If they had good news to share they would have shared it by now. It's just basic common sense. No company in the world is going to sit on good news like that for months. It's just crazy to think they would. I know you and everyone else here are desperately trying to rationalize what is not happening as some kind of positive indicator, but the rationalizations don't make any sense.
The truth is they are sitting on a failed trial and have known it for five years, so what difference does a few more months make? They are going to drag this out as long as they can so they can keep paying themselves a few more months before it all comes crashing down. It's simple human nature. They are embarrassed about the mess they've made and they are ashamed to make it all public. I would be too. Ask Linda Liau. She knows.
This is contrarian bs we've been reading on this message board for years. It's all a pack of lies.
- Stock price goes down: More for us! Back up the truck!
- Company misses deadlines and refuses to communicate with shareholders: Must mean they're working on a $50 billion buyout!
- Company hires mid-level-manager from Merck: Merck is obviously conducting an insider evaluation before buyout!
- Mid-level manager resigns seven months later and goes back to his old job: It must mean a deal is imminent, any day now!
- Company hires CFO: This is the final step before the big buyout!
- CFO is demoted four months later: We didn't need her anyway!
- Company continues to dilute common shareholders to the tune of 1.4 billion shares, pays themselves half million dollar salaries, cuts insider deals to profit millions more, and artificially pumps the share price so their warrant-holding buddies can cash out ("Come to the shareholder meeting. It could be interesting!"): Whatever it takes to get to the finish line!
- Company changes endpoints on 13-year-old trial: This is great news because now the data meets the endpoints! Approval is 100-percent certain!
- Company continues to refuse to release data from failed trial: No need to rush things. It's better if they cross all the Ts and dot all the Is.
Nothing but lies, and you all should be ashamed for trusting the people running this company. They are a disgrace, and they have no idea what the hell they are doing. Someone needs to be held accountable for this mess.
Dr. Bala,
With all due respect, I think we all agree the PowerPoint slide is great. But it's only half the equation. DCVax may very well work. In fact, I think all of us here are invested in NWBO because we believe it works. The other half of the equation, though, is whether you can prove it works, and all indicators seem to suggest that the people in charge of NWBO have failed in that regard. In fact, the doctor who created that slide no longer even mentions Northwest Biotherapeutics, and she decided to do her own trial recently where the brand name DCVax was changed on the application.
There is something badly amiss here, and I think we all know it whether we want to admit it or not. Tomorrow could be an interesting day. Have your trigger finger ready.
They've been lying to common shareholders for at least five years. And then they get defensive when you call them on it. If you are to attempt to decipher DI's latest cryptic email, the only explanation that would "satisfy and benefit everyone" is that they are working on a buyout. Clearly they aren't having a lot luck with that. No one is going to buy this crap operation. We've been over this a thousand times. No one is going to touch this company with a 10-foot pole unless they've got the goods, and they don't have the goods. That's why they lie and continue to play games.
It's funny watching long-time company apologists ever-so-slowly coming around to the realization that what I've been telling them for the last two and half years is true. It's all true. Five years ago, when they found out the trial in all likelihood failed to meet its primary endpoint, the whole thing became just another penny stock scam. They said nothing to shareholders back then, but instead concocted a scheme to keep paying themselves for five more years. And now the jig is just about up. The people running this company are a disgrace, and they've enriched themselves on the backs of common shareholders when they knew they were living a lie.
The one bit of credibility this company had was the doctor who invented this technology, but sometime several months ago she figured it out, too. Now she no longer will even mention the name of the company in any of her presentations or public comments. Sure, she still talks about DCVax. That's her invention. But she no longer talks about NWBO at all because she finally came to understand how badly they screwed up this trial. The trial is invalid. That doesn't mean DCVax doesn't work. It very well may, but NWBO failed in their effort to prove it because the trial data is not valid. That's why she's now running her own trial with no association with NWBO, and in the UCLA trial she even changed the name of DCVax.
Many of the longs here still refuse to see the reality right in front of them, and they still continue to make excuses every time this company disappoints us. And that's all they ever do is disappoint us. I have a feeling that this coming Monday will be the day this clown show comes to an end. Look for a big spike, followed by a complete crash when the truth is revealed. Have your trigger finger ready.
Don't forget that in April she promised data lock by the end of May and TLD in June or July.
Some here are speculating that the delay is due to a new focus to go after all GBM and not just rGBM. This kind of crap is all so tiresome. Do you know how many times we have been told that this delay or that delay is due to some new focus? I mean the whole reason they delayed in 2015 was because they were switching away from PFS and toward the long tail home run, right? And they never told us anything then, and they aren't telling us anything now.
Look, the reason for the delays and the silence is that they don't have anything. They don't have a successful trial. Right now they are in desperation mode, trying to draft a press release that spins a failed trial, begging the regulators to reconsider the mess they've made. We all know it. That's what they are doing. Do you really think that if this trial had been successful we would have had to wait 13 years for the results while the company sits in silence, refusing to release the data, refusing to respond to emails and phone calls? Companies with successful trials just don't behave this way.
Monday is the day this whole clown show comes to an end. Hope you have your trigger fingers ready.
I think the disconnect here is that you continue to mistake NWBO for a company that gives a shit about SEC regulations.
I've said all along that when this clown show is all over there's a good chance the people running this company will be led out in handcuffs. The stunts they have pulled, the lies they have told, the way they continue to skirt every every rule and regulation, is an utter disgrace. The way they behave is reminiscent of other bad actors - it's almost like they are former Enron execs or something.
It took her a while, but Linda Liau finally figured out who these people are. Go back and look at every presentation she has made in the last few months and then count the number of times she mentions NWBO. You'll come up with zero. That's because she has finally figured out what is going on here and what these lowlife lying lawyers have done with her technology. She has finally figured out why they are continuing to hide the data.
So no one else thinks it's the least bit odd that the principle scientist behind DCVax-L won't even mention the company running a Phase 3 trial to test its efficacy? Pretty strange to me. Tells me all I need know. Along with about a thousand other red flags that tell me all I need to know about NWBO and the clowns in charge.
None of the doctor's comments today will be of interest to NWBO shareholders. She will not mention NWBO, and she will not mention NWBO's failed trial to prove the efficacy of her science. She has moved on from NWBO.
She's doing her own thing now, conducting her own trial at UCLA. You are welcome to keep hyping her speaking engagements, but neither you nor any other NWBO shareholder is going to learn anything from her about the NWBO Phase 3 trial because she's done talking about it.
Prediction: Monday, Dec. 14 is when this clown-show comes to an end. Hope you all have your trigger fingers ready.
My god. I read this post and laughed so hard. Then I looked at your profile and saw you've been here a grand total of two plus months and it made more sense. I don't think you really know just how many times these exact same arguments have been made over the years. You really aren't aware just how many times we've read, "I believe everything this company is telling me and if it takes them more time to get it exactly right, well then I'm all for it!". I think the first time I read some variation of that statement on this message board was probably back in 2014 or 2015, but I'm sure there are others who can recall earlier mentions.
It's tiresome, but more than that, it's just pathetic. There's a reason they refuse to release the data and it doesn't have anything to do with the pandemic or making sure they get everything exactly right. No, some of us have been here through four or five of these opportunity windows and we know how they all turn out. They always turn out the same. Each time people think the circumstances are different and that this really will be the moment. And each time they disappoint us. It never fails. It's the one thing you can count on, because this company's track record of behavior is 100 percent consistently awful. That's who they are, and that's who they always will be. You can count on it.
Most of your Eternal Sunshine compatriots have moved on to other pastures, but there are few who remain. Those who are still here have learned to at least temper their expectations a little bit. You may have go through a couple of these cycles yourself before you get it, but I predict you will eventually learn, too. It's hard to accept, I know, but eventually you will get it.
It's incredibly sad that the clown-show at NWBO was put in charge of validating her greatest work. Pretty obvious from her recent presentations going back several months that she knows the 13-year DCVax-L sham is a lost cause. She won't even mention NWBO anymore - won't even say the company name. I think she has a lot of anger and regret about what has transpired with the lying lawyers, and I don't think she gets along with them anymore because of the way they botched this trial. I certainly don't blame her, as I don't get along with them anymore, either.
"Why are they refusing to release the data?" is a question some of us have been asking, repeatedly, for six years or more. That answer never comes, but I think that by now we have a pretty good idea of the reason why they won't. And believe me, there is a reason.
The CEO told us in April to expect data lock by the end of May and TLD in June or early July. That was a straight-up lie, and she knew when she said it they had no intention of locking or releasing data. So why did she say such a blatant lie on a public conference call?
Simple. She was trying to pump the share price so that she could keep paying herself, and so her buddies who participated in the cash raise could make bank on the backs of common shareholders who were diluted. It's a basic scam, and we are the victims, but the simple, obvious explanation for this company's behavior is always the explanation that is ignored by the Eternal Sunshine Brigade.
This isn't complicated. If they had good news clearly they would release it. What possible reason could anyone have for not releasing good news, not to mention that it has never once happened in the history of successful biomedical trials. No one delays good news, even if they are working on a buyout, which in this case they clearly are not because no one would touch this POS company with a 10-foot pole. They lie over and over again and continue to enrich themselves, and no one here seems to care. Even after all of the lies and disappointments going back years, some of these folks still think these lying lawyers are going to make them rich and cure cancer. Yeah, right. This has become a pathetic joke.
Not getting a bad PR is about the best you can hope for right now. It means they were able to drag out this shitshow one more day. There is a reason why this company is refusing to release the supposedly world-changing data - the data that is so good it's going to change the whole cancer treatment landscape and that's why they're sitting on it. There are literally people on here telling us that their refusal to release the data means it must be good news. When the company finally comes forward and tells us this has been a 15-year scam, the usuals on here will be telling us it's really good news and that we just need to think positive.
I agree there are a lot of new folks in the mix. I totally 100 percent disagree that the stock will spike without news. The only thing that will cause this stock to spike is news or rumor of news.
After all, these newbies all bought in because they expected news, but now they are slowly starting to have that "Uh, oh" realization that they've become like all the rest of us. I bought my first shares, a large chunk at around $7.30 per share, almost seven years ago because I thought news would be coming soon. Boy was I wrong. Just like all the newbies are wrong.
Everything about this company is based in disappointment for common shareholders. The warrant holders and the lying lawyers in charge are all going to make fortunes - many already have. The common shareholders are going to be left holding the bag. The company is playing a game, and has been for more than five years. That's what they do. That's who they are. So you aren't going to see this stock spike again unless there is news or another rumor of news. Another rumor may very well happen. In fact, I am counting on it. But as with all the previous rumors, it will turn out to be wrong as the lying lawyers hit us with yet another disappointment. Guaranteed.
The good news about the late 10Q is that they've never had an issue like this before, and with their spotless track record in the past I'm sure there won't be any SEC scrutiny . . . oh, wait.
In reality, the people who run this company can't seem to get out of their own way. Once again, they are playing games with shareholders - with the 10Q, with TLD, with everything. Because that's who they are, and that's who they always will be.
OMG, not a delay! Anything but that!
I'm not sure why this is interesting to you. I've been telling this board for three years that they learned the trial failed in 2014-2015, and then decided to change the endpoints and keep going despite never informing shareholders of what they learned, what they had decided to do, and why. Some of us have known all of this for a long time because it was ridiculously obvious, and yet there are many others on this board, including sentiment_stocks and Dan88, who denied this obvious fact over and over again and said that those who believed it to be true were paid shorts and fudsters, among other derisive terms. It's just amazing to watch how these same people, when confronted with the reality that they long denied, can now say things like "interesting" without any sign of self-awareness.
No one here seems to care that this company has been lying to them for five years. And they scoffed when people like AF accused them of burying the true results of a failed trial, when it turns out he was right all along. Now, everyone just ignores their own previous stances and writes things like, "Of course they changed the endpoints. To do anything else would be heartless!" The blind hypocrisy is just embarrassing.
The second article is clearly a backtrack, as I think she realized that the exuberance of the first article might have put her in a potentially bad situation. So she did an update that came across as much more of a hedge. My wife knows little about NWBO and did not read the first article, but I asked her to read this one last night. Her response was, "It's really hard to tell if she likes this stock or not."
From the language and topics she addresses, I agree that it's obvious Ms. Lappin reads this message board. Has anyone ever seen Joan Lappin and sentiment_stocks together in a room at the same time?