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That's great, but clinicaltrials.gov still shows PFS as the primary indicator for this trial. Until that changes, that's what it is and this trial is a bust. Sorry.
It would be great if the company would explain some of these basic issues with shareholders, but for some reason they are reticent to do so. Why didn't they just tell shareholders five years ago that they have a pretty good idea PFS is a bust, and that they were changing the SAP accordingly. And if what you say is true then why haven't they updated clinicaltrials.gov? All it would take is a simple status update for shareholders, but they have no interest in that kind of transparency, which is why they are languishing in penny territory with no market interest and, apparently, no real future since they are refusing to release the data.
Sometime around five years ago, this turned into a scam. They've been playing games ever since, and refusing to give shareholders even the most basic explanation of what is going on while they continue to find ways to enrich themselves personally. I hope you can understand that in the world of authentic science changing the primary indicator of a trial is not as simple as it sounds. It's not so easy to say, "We didn't like the results of what this trial was designed to measure, so after-the-fact we are changing what the trial was designed to measure." Then you add in all of the crossover issues you mention, along with other data validity issues that you do not mention, plus all of the internal control issues, reporting issues, tax issues and SEC investigations, and the whole thing becomes a complete mess. Your optimism aside, reality paints a decidedly bleaker picture of what is happening here. Why haven't they locked the data? You'd have to be a complete fool not to acknowledge there are serious, serious problems.
Four press releases, a statement at the April 18 ASM, plus two 10-Qs and one 10-K in which they discussed, set timelines for, and built expectations for data lock. And yet, here we are on August 20 and they still have not locked the data. That's really incredible when you think about it. If there's one thing a newbie quickly learns about NWBO, it's that things are almost never what they seem to be.
I would strongly encourage everyone here to not count your chickens before they've hatched, but I know you all have been doing that for years and nothing is going to stop you now. Just remember that the only thing this company is good at is letting you down, and right now they have set you up like a perfect row of bowling pins, ready to be knocked down once again.
Despite all the talk, they still have not actually done anything. Somebody else collected the data for them, and their one responsibility at this point is to lock it down. But they have not done that. Perhaps we will get another press release in a few days about how they are "in the process of preparing to lock data, for realz this time." Don't judge people or companies on what they say. Judge them on what they actually do.
I do not believe that they have ever really intended to release this top line data, but right now it sure looks like they might actually do it. We'll see, but don't forget that things are never, ever what they appear to be with NWBO. If they do release the data, the charade will be over and we'll get to see what their backup plan is. Lord knows they've had long enough to think about it.
And then, as soon as we figure out what happened to those dividends in Germany, I still would love to see a detailed breakdown of where the $47 million from the Sawston sale ended up. Only a professional boxer could make $47 million vanish into thin air so quickly. It's a mystery wrapped inside an enigma.
PFS, the primary endpoint for this trial, is an obvious failure. The people in charge of this company have known the trial likely failed to meet its primary endpoint for at least five years. And don't tell me the trial is still blinded. If you really think they don't have a good idea how PFS performed even though the trial is blinded, then you are either really ignorant and probably shouldn't be investing in stocks, or you are intentionally twisting the truth to suit your agenda.
It's obvious. If PFS had been successful they would have stopped the trial and announced the wonderful news five years ago. But they didn't. Instead, what they did five years ago was change the whole direction of the trial and never disclosed why or what they were doing to shareholders. Now why would they change the direction of the trial if they are blinded and have no idea where things stand? The argument that "They couldn't have known, the trial is still blinded," is just dumb and it's a lame diversion for people who are afraid of the truth.
They've been lying to us for five years, and ever since they learned the trial failed to hit the primary endpoint, they've been playing a whole lot of games. We may be drawing near the end of this giant scam, but nobody really knows. I've said all along that they will keep this thing going as long as they can keep raising money and diluting us so they can keep paying themselves. That's what this is about, and has been for five years. They have jobs and are paying themselves, and that always beats the alternative.
When the roof finally blows off this house of cards it's going to be an ugly scene, and I predict it may play out in the courts for many years, perhaps a decade or more. It will be interesting to see if there are criminal charges in addition to the obvious civil efforts to recover some of the shareholders' lost funds. The SEC clearly does not like them and has been looking for any reason to take them down for a while. Oh, and in case you haven't noticed, I do not like them either. Lying lawyers playing games with shareholders.
Personally I think TLD and FDA approval occurred years ago and DCVax-L has actually been on the market for some time now. They've been foregoing any revenue to keep it off the books and are being super duper quiet. It's all part of a great big plan to wait for just the right moment so they can announce it and squeeze the heck out of the shorts. That moment ought to be here in one of the next few years. It's going to be so glorious.
You really don't understand the issue in the least, and yet you still continue to act as though you do and just keep digging yourself a deeper and deeper hole. Nobody asked about whether further dilution would be necessary, or whether 2/4 or 1/2 split are the same. That's not the issue. The issue that was raised is about authorized shares, which you obviously have failed to consider. I know a person just like you in the business I am in. I go out of my way to avoid him, and so does everyone else.
Yeah, but see, that's not their intent.
Those who said they would lock data last Friday or this Monday were flat-out wrong. Those who have said they are trying to squeeze past that five-years from surgery threshold are flat-out wrong. That's not their intent.
Their intent is to keep raising money and paying themselves indefinitely. Because they've got nothing and they've known it for five years.
They are playing games, and those who have said those things above have also been wrong about everything else to do with NWBO.
And btw, regarding Dr. Boockvar, I told everyone here weeks ago to watch a fantastic series on Netflix called "Lenox Hill". I think one person here responded that they had seen it and thought it was terrific. Most here just ignore my advice, which is fine but they should know that they do so at their own peril. Dr. Boockvar is featured prominently in that series along with his surgical partner Dr. David Langer. They are GBM surgeons at the Manhattan hospital and the series is absolutely fascinating. Anyone who has watched Lenox Hill would know Dr. Boockvar is a big Avastin proponent and is not a fan of immuno-therapy. Doesn't make him a bad guy. He actually seems like a pretty good guy, a shade on the arrogant side as most brain surgeons are, but truly striving to improve the lives of his patients. His statement about DCVax-L in that video posted yesterday did not come across to me as absolute and left a little wiggle room - which, in fact, is the reality. That wiggle room, however, continues to diminish with each day that passes.
If there's a metaphor for that 10Q it's that NWBO is a boat that has sprung so many leaks that they just can't plug them fast enough anymore. It's amazing that it's still afloat. It's sinking fast, and worse, there's no land in sight.
They say in the 10Q to expect TLD after Labor Day, which creates the expectation that it will be soon after Labor Day. But it won't be. It's now August 11 and they haven't even locked the data. They say,
If you ever want to unload it for a nice markup, I'm sure sukus would be willing to offer up to $3,000.
I was thinking it's just about time we started putting together the "Really Tough Questions" list for next year's ASM, but then I remembered that next year's ASM won't be until July so we've got a little time.
That's because NWBO is a scam run by lying lawyers. They've been lying to common shareholders for five years while lining their pockets and the pockets of their buddies. Now everyone thinks they are on the verge of releasing data, but they haven't even locked the data. There are so many problems with this data that it will never, ever be released - unless it happens in a courtroom. The CEO told us at the ASM that they would lock data by the end of May. Why would she say that? She's either a complete idiot or a liar. I used to think it was the former, but over the last five years I've come to the conclusion that they are actually malicious liars. They have nothing but disdain for common shareholders, and they want us to suffer. It's the only explanation that makes any sense when you look at their behavior.
They've never once given you any reason to believe any of the things you state will happen. That's because it's a lie. Why do you so willingly choose to believe it when there's not one shred of actual evidence (sorry, but their undecipherable words do not count) to support what you say is true, but literally mounds and mounds of evidence to support the opposite? They don't follow through on their promises, their obligations or their timelines. Never have. Never will. All they do is find new ways to disappoint and kick the can some more. That's because they've been lying to us for five years.
How long have you been here? I think a pretty long time, so haven't you seen this game before? I sure have - many, many times. They've fooled me once, twice, a hundred times, but I'm not going to let them fool me again. People don't change, and the people in charge of this company have not changed. It's not a good situation for them because they are caught in a lie and they know it. They don't know how to extricate themselves, so they just keep delaying the inevitable with schemes to pay themselves and make their buddies rich. That's what happened today. They've pulled the same stunt twice in the last few months, and today they are up to their tricks again. You will see when the financing is disclosed.
I sold one third of my shares this morning. Probably should have sold more. I'm really not sure we will ever see $.35 again.
When are you people going to figure out this company you post about dozens of times per day, day after day after day, is nothing but a scam? They have no intention of releasing the data on this trial.
Read the article Lykiri posted a couple of days ago. This guy gets it: click here
They botched the trial. They knew they missed the primary indicator five years ago. The trial is a bust because the data is a total mess with crossovers and god knows what else. It's a disaster, and they've known it for five years. But instead of starting over with lessons learned and a promising vaccine like any well-managed ethical company would have done, they decided to not say anything and keep plowing ahead raising money and paying themselves while they figured out what they were going to do. Here we are five years later and they still haven't figured out what they are going to do. SCAM!
When I was on the board of a medium-sized company about 15 years ago we had a CEO who was always giving us presentations about the things that were out of his control.
"Profit would have hit x target if not for that interruption in the supply chain that was out of our control."
"Our margins dropped because of a price cut due to a new competitor in the region. This was unanticipated and was beyond our control."
"The quarter would have been stronger except for the fire at one of our customer's plants, which was beyond our control."
We fired him after 18 months on the job, and the next guy we hired took the company to heights we never even imagined. He wasn't an excuse-maker. He just got things done. And whenever something bad happened that was beyond his control, he had a counter-measure ready to put into action to offset it.
I've said it before but I don't think there are many on this message board with any real corporate experience. There are a couple of lawyers, a couple of wannabe doctors and scientists, and lot of 20-something know-it-alls posting from their parents' basements.
I just don't get it. How do you people continue to make so many pathetic excuses? How do you continue to give the benefit of the doubt to the shysters in charge of NWBO? I guess it's because none of you have ever run a company in the real world. The lame boot-licking excuses are just embarrassing. Real CEOs get things done. They make it happen. The people in charge of NWBO NEVER GET ANYTHING DONE! How long are you going to keep making excuses for them? How long are you going keep posting about how you "feel really bad for them" and how "frustrated they must be"? STOP IT!
Wake up! They are lying to you. They have been lying to you for five years now. Why don't you open your eyes and see the real world that is in front of you? Stop carrying the water of losers and liars. Go back and read the statement from the 10-Q, and then ask yourself, if that statement is true, then why in God's name did the CEO tell us to expect data lock by the end of May? And why did they then issue not one but two more releases with false timing for data lock? The incompetency is just not explainable or even comprehensible. It's just not how real companies operate. This company is a sham, a joke, and everybody knows it. Their only reason for existing at this point is not to produce a product, but to keep raising money so they can keep paying themselves. I feel like such a fool for ever believing in these low-life clowns and thieves, but maybe now I can save someone else from being suckered by their lies.
NWBO = SCAM
They used the data lock hype to double the share price so their buddies could cash out their warrants. Plain and simple. They have done this more than once, right in front of our faces. No one seems to care.
Is anyone else watching Lenox Hill on Netflix?
Since this stock and the company behind it are doing nothing (hint: because NWBO is a scam set up to pay its officers millions and reward their buddies with short-term warrant cash-ins following false-flag share price hikes), I thought I'd change the subject slightly.
Lenox Hill is a remarkable real-life view of the daily operations of a NY hospital that focuses on two GBM surgeons who are among the best in the field. Fascinating look at the life-changing decisions these guys make every day, and I highly recommend it. Once you start watching, you can't stop. Alas, lots of talk about Avastin, but no mention of DCVax-L. Sorry for the spoiler, as if anyone should be surprised.
This is a baffling statement on several levels. It reflects a total lack of understanding.
Despite their snarky arrogance, I really do feel for some of the people on this board. Some of these folks are in a for a rude awakening because they have no comprehension of how things work in the real world. Kind of scary. I also think some of the people who post here are novice investors in their early 20s. The immaturity and blind ignorance is a prominent tell. They are about to gain some real-world experience. Reality can be a cruel teacher.
What kind of company would PR something like data lock heading into a long federal holiday weekend when the market is closed on Friday? Even NWBO has more sense than that. I think.
NWBO = SCAM
They know they've got nothing, and they've known it for five years. Stay tuned!
Yeah, but see the problem here is that they first told us it would happen by the end of May. Then they told us it would happen in mid June. Now they are telling us it will happen by the end of next week.
But it won't. Because nothing ever happens the way NWBO says it is going to happen. And don't forget: they are not talking about a real data lock. This is a "soft" data lock that is supposedly going to happen by the end of the next week (but won't). A soft data lock is just another company failure. It's a failure by the CEO to do what needs to be done to produce top line data. Only a hard data lock can advance that process. The soft data lock means that even now - after 12 fucking years! - they still are not ready to lock the data - which is the actual necessary step they should be taking to actually produce top line data. Instead they whine and complain for six paragraphs about the impossible situation they are in due to COVID-19. Yeah, great. What will the excuse be next week? Because there's always another excuse. A soft data lock just gives them another out, another excuse, another way to blame somebody else, and another way to kick the can some more while they supposedly wait for additional data to come in.
This is all a game. They are masters at playing this game, and so many shareholders seem to just lap it up - even after 12 years of nothing but lies, deceit and disdain for shareholders demonstrated by the leadership of this company. Read the whiny paragraphs again about the data they supposedly cannot get their hands on because of COVID-19. There are at least five or six deal-killing "outs" that they are setting up here, so that they can come back later and say, well, "we never could get that data shipped," or "somebody unplugged the refrigerator and our samples were ruined," or "the person in charge of monitoring and compiling the data was furloughed due to COVID-19." The outs they have set up here are almost limitless. It's a game.
Real companies with real executives in charge get things done. Companies like NWBO never do. That's because their objective is not to produce data on DCVax-L (which they know is a failure), but to keep the curtain closed as long as possible so they can keep paying themselves as long as possible. You all will see soon enough.
It's just too funny to watch as the excuse-makers and apologists perpetually extend the deadline for a TLD that will never come. Now we've got November on the table! The CEO said on the ASM conference call that they would lock data by the end of May. We're now at June 22 and they still haven't locked data. Unless you believe the message board's chief company representative who a short time ago posted she is certain NWBO went to a soft data lock on June 2. No evidence whatsoever to support that claim. No, she just completely pulled that shit out of thin air and threw it up on the message board as part of the company's propaganda operation, which this particular poster is very heavily involved in propagating. This particular poster disappears for months at a time and then shows up out the blue when things look to be getting interesting and acts as if she has some kind of valuable proprietary insight. But the truth is that this poster has never once been right about anything to do with NWBO. Never. Not once.
There's no accountability for the lies that get posted here daily. There's no accountability for the lies that the CEO and her underlings tell on a regular basis. The truth is that there is no data lock - soft, hard, or otherwise (over easy? scrambled?) - and there is no TLD. That's because they are sitting on a failed trial and they know it. They've known it for five years. This is all a game, and yet there are some of you, even after all of this time and all of these incessant lies, who still can't see it. I think it may be that some of you just haven't been here long enough, and you haven't lost enough money yet. The rest of us have been here before. We have heard these promises before, and we now know that they are all lies. We've been through this cycle before, so we know what's coming next. Nothing. Nothing ever changes, and there is a reason. For all of your sakes, I hate that you are going to learn this lesson the hard way, but that's the choice you are proactively making with your unconditional adulation of the lying lawyers who run this company - the lying lawyers who have enriched themselves to the tune of millions of dollars by taking other people's money and producing absolutely nothing in return.
To this point there has been no accountability, but that accountability is going to come, eventually. They will be held accountable for what they have done to common shareholders, for the lies they have told, for the games they have played for five years since learning the trial in all likelihood failed to meet its primary endpoint. That accountability will have to come in a court room, but it's coming. One day.
Won't be long until we've forgotten all about that November TLD prediction, because November will have come and gone. But the excuses, apologies and tortured rationales ("December will be five years past the last patient's last breath!") will never stop. Wake up people. It's all a lie.
senti has no idea. She just throws out shit she thinks sounds good as long as it meets her preferred narrative, but she has never once been right about anything to do with NWBO. Never once.
Then she gets back to deleting comments she doesn't like and banning the people who post them.
I already tried this last week (here). Didn't get much response because the apologists don't want to hear it. They just want to keep wishing and hoping despite the obvious truth that this company has no intention of ever releasing TLD. To do so would end their little money-making scam, so they are just going to keep playing games.
If we ever do get a data lock, it will be some kind of "soft" lock that allows them to continue hedging and kicking the can indefinitely. On the ASM phone call the CEO promised data lock by the end of May. The apologists are fond of pointing out that she said "approximately" the end of May, but if she didn't mean it then why say it at all? Why did she say the words "end of May"? It's now June 15 and there is no data lock and we are no closer to TLD. Once again it's obvious we've been lied to. Just add it to the multi-page list of lies they've told over the years. They are playing common shareholders for fools, and the apologists just keep lapping it up. Wake up, sheeple, and realize you are being scammed. Your boot-licking sycophancy is embarrassing.
New thread: What will NWBO's next excuse be?
It's on everyone's mind. Oh, come on, don't pretend you haven't thought about it. What will be the next excuse for why they haven't advanced this process any closer to TLD? How will the next kick of the can read in the 8-K? You know they are sitting around right now, probably in DI's office, brainstorming ideas for the next excuse. "Guys, I'm not sure we can get away with the 'missing data' excuse again. We've used it a bunch of times already. And with all the protests going on around the country, I'm not sure people are buying the COVID-19 thing anymore. Maybe we can say there's a new tax issue in Germany that's holding everything up?"
It's coming soon, so let's hear everyone's thoughts on what NWBO's next excuse will be. With this platform of NWBO excuse-makers and apologists, there ought to be some good responses. Closest guess wins the right to buy more shares back at the incredibly low price of $.17 (of course, that is likely to be the market price after they kick the can again, but hey, that's the best I can offer).
Excuses, excuses, and more excuses - that's all they are good for after 11 insufferable years. Why are they so scared to release the data? Since everyone seems to think the interim data looks so good, you'd think they would be pulling every string imaginable to get that TLD into the public domain post stat. In fact, you'd think they would have released it years ago since everyone here seems certain the data is that good. What are they waiting for? Why can't they even complete the first simple step of locking the data, even after promising they would? It's such a mystery. I just can't even guess what the holdup could be, so would love to hear the collective wisdom of this message board tell us the next excuse.
NWBO hires Dr. Kevin Duffy.
Message board: "Great news!"
After just seven months, Dr. Duffy walks out on NWBO and heads back to his former employer.
Message board: "Great news!"
CEO announces at ASM that data lock will occur by the end of May.
Message board: "Great news!"
As the end of May passes with no data lock, company releases statement saying they are punting on data lock and will probably end up in mid to late June with a soft data lock instead - whatever that is.
Message board: "Great news!"
NWBO hires a CFO.
Message board: "Great news!"
A short time later, CFO is demoted as critical 10-Q regulatory filing remains weeks overdue, and it is announced that the CEO temporarily will assume accounting and financial reporting responsibilities on top of her regular responsibilities as CEO at a critical time when the company is presumably preparing for data lock and, eventually, TLD.
Message board: "Great news!"
There really are no investors quite like NWBO investors. They simply are unable to read the perfectly clear handwriting on the wall. Going back to the never-explained hold placed on the trial for new enrollment, and the 2015 IA when they learned the trial would likely miss the PFS endpoint, there has been an almost ceaseless parade of bad news, embarrassing missteps, and management fuck ups leading up to yesterday's announcement that the CFO hire was a bust. I have compiled several lists of these fuck ups in the past, and a complete one now would be several pages long.
The evidence is just overwhelming that the DCVax-L Phase 3 trial is a colossal failure. The most obvious evidence is this: everyone pretty much agrees they had the data to assess PFS as early as 2014 or 2015, right? So, when they conducted the IA in 2015 and then didn't say a word about it, but instead decided to change the whole focus of the trial, what did that tell us? Look at it this way: if the 2015 IA had shown a high probability of success on PFS, what do you think they would have done? I mean, it's not even a rhetorical question it's so obvious. They would have declared victory and immediately begun seeking FDA approval. There's just no question about it. With an interim assessment showing likely success, they would have been negligent to do anything else. But that's not what they did. No, what they did was suddenly go silent on shareholders while trying to change the whole focus of the trial under the table, and they began the five-year cycle of dilutions and insider transactions that have led us to the sad place we are today.
The trial is a failure. It's that simple. Some want to point out FDA guidelines that offer flexibility and adaptability for certain trials. Why they think that applies here I do not know. NWBO botched this trial in a number of ways, and it is simply not adaptable to a new endpoint. On clinicaltrials.gov it still shows PFS as the primary endpoint for this trial. If NWBO is pursuing exceptional treatment under the adaptable trial guidelines, they certainly have not made that clear, and it sure doesn't seem like they are having much success convincing the FDA. Why do you think they punted on data lock? They keep saying they are missing data, but the truth is that the data doesn't show what they want it to show or we would have been over this charade a long, long time ago. The whole thing is a bust.
This company is a disgrace and an embarrassment. Frankly, I can't believe they announced they were going to lock data in the first place. Why would they open themselves up to another colossal failure like that? They would have been so much better off announcing data lock if and when they ever actually do it. I think they are panicking because they honestly don't know what to do, but they know they are out of money and they know this can't go on much longer. I am going back to my original belief that they will never release TLD on this trial.
They had to modify the SAP because they knew they have a failed trial, and instead of starting over with a new, properly designed trial - which is what an ethical company would have done - they decided instead to say nothing and try to work under the table at changing the focus of the trial and get the regulators to buy in. They aren't having much luck with that approach, as you will soon find out.