Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Any idea where to get the fail to deliver information?
CRSP is essentially a pre-revenue biotech and it got up to about $20 billion or so. So the answer is a lot.
This is a groundbreaking study! Could potentially save Mickey Mouse’s life if he get diagnosed with GBM
If you think about it, a short sale of a share marked long is actually a difference of 2 shares.
My thought was we get close to the $1.50 range prior to news of MAA submittal. That should get us over the $2.50 mark after submittal and we’ll see from there. Take this with a grain of salt as I’ve been wrong more than right with this stock.
Yes, I agree with you long term. I think we see some type of squeeze in the next 30 days or so after we get past the $2.50 range. Just not sure how big of a squeeze it will be.
I don’t think we’ll see the type of short squeeze that AMC/GME had. I do think one will occur that will propel us to fair value or something slightly higher. Even if we had a squeeze to $7-$8, I don’t think that’s good enough for me to sell personally. Each has their own thoughts though.
Yes, that’s what’s being played out now. The last month had the borrow rate at around 11% and now it’s 115%. I’m sure there are other factors at play other than purely supply and demand. The brokers get at least half of the borrow rate so they have an interest in charging as much as possible.
I believe each broker sets their own rates depending on their inventory.
Anyone have the fail to deliver data for this month? Or does it come out later? Interested to see last week’s data.
IB has about 14k left from the 91k earlier this morning. Rate is a bargain at 116.99%.
Very concerning. Huge volume. 800 shares.
I’m close to 20 years in. It takes a unique person to actually enjoy practicing. I’m a couple years away before I start my exit plan but this would definitely change things for me.
Retired attorney? They exist? Hopefully I can say the same when this hits double digits.
I don’t think so. Short interest seems to have increased. Pretty sure it’s going to happen in the next 30 days or so
I don’t think we see a short squeeze until after $2.50. I looked into the specifics of shorting last week with interactive broker. Any stock valued under $2.50 requires $2.50 in margin liquidity. So this recent rise from .40 to $1 has had zero effect on their margin although it has resulted in unrealized losses. Once this hits $2.50, margin liquidity will be required that is equal to the SP. So if this hits $3, an additional .50 of margin will be required over their initial $2.50. My estimate is the shorts shown by interactive brokers were shorting at .55. If this gets to around $2 prior to a large catalyst that gets us to $4, we could see that squeeze as the shorts would have to come up with as additional $1.50.
I held some options at that time. I was lucky and cashed out. I did buy back in with options before results and took a hit then. I still have them on my radar and may buy back in at some point. The results were fine but, like you said, AF did his thing. I’m actually more comfortable with management in this stock although Geert was smart to dilute at the higher SP. they do share some similarities but they were for head and neck cancer, not brain cancer.
I remember that CVM squeeze. It was a nice morning. Difference I see here is that we should have an approval in hand by the time we see double digits. I will probably sell about 10% if we hit double digits and then assess at that point. A buyout would be nice as it would take away the “what if” out of the equation.
Just because the company was suspended in 2016 doesn’t mean it’s suspended today. Care to explain what terminate means? Because that’s what the voluntary delisting did: terminated their listing.
If you get suspended from school and then get expelled, are you still suspended? I guess in your world, you are…
I was referring to the application being submitted in 30-45 days that was stated in the PR. I have no idea about the MHRA process. I’ll defer to you and others on the board about that.
They are not missing that deadline. We’re not even at 30 days yet.
The company has terminated its listing. It’s done. Not suspended, terminated. I’m not going to argue about something that is so obvious. You are wrong.
(j) Voluntary Delisting
(1) A Company may voluntarily terminate its listing upon compliance with all requirements of Rule 12d2-2(c) under the Act. In part, Rule 12d2-2(c) requires that the Company may delist by filing an application on Form 25 with the Commission, provided that the Company: (i) complies with all applicable laws in effect in the state in which it is incorporated and with the applicable Nasdaq Rules; (ii) provides notice to Nasdaq no fewer than 10 days before the Company files the Form 25 with the Commission, including a statement of the material facts relating to the reasons for delisting; and (iii) contemporaneous with providing notice to Nasdaq, publishes notice of its intent to delist, along with its reasons therefore, via a press release and on its web site, it if has one. Any notice provided on the Company's web site pursuant to Rule 12d2-2(c) must remain available until the delisting has become effective. The Company must also provide a copy of the Form 25 to Nasdaq simultaneously with its filing with the Commission. Nasdaq will provide notice on its web site of the Company's intent to delist as required by Rule 12d2-2(c)(3).
(2) A Company that seeks to voluntarily delist a class of securities pursuant to Rule 5840(j)(1) that has received notice from Nasdaq, pursuant to the Rule 5800 Series or otherwise, that it fails to comply with one or more requirements for continued listing, or that is aware that it is below such continued listing requirements notwithstanding that it has not received such notice from Nasdaq, must disclose this fact (including the specific continued listing requirement that it is below) in: (i) its statement of all material facts relating to the reasons for withdrawal from listing provided to Nasdaq along with written notice of its determination to withdraw from listing required by Rule 12d2-2(c)(2)(ii) under the Act; and (ii) its press release and web site notice required by Rule 12d2-2(c)(2)(iii) under the Act.
Think about what you are saying. A suspension is temporary, a delisting is permanent. Once they delisted, the suspension is over. They are no longer part of Nasdaq.
A Company that has been suspended…..
Is the company suspended? No. The rule does not apply. Why is this so difficult?
Then you lack reading comprehension skills. I don’t know what else to tell you. When this is over a $1 for 10 days straight and hasn’t been uplisted, you can acknowledge I was right.
Go look at my other posts. I broke it down clearly as to why it’s not applicable and cited the other rule which was also on point. Unless you can find something that deems NWBO is currently suspended, that rule is inapplicable to us. It’s that simple.
I clearly did read it and determined it was wrong. Read my post. We are no longer suspended, we are delisted. This is not applicable to us.
Yes, that is to maintain meaning once you’re on the exchange. We are not on the exchange so we have to qualify which I believe will be $4 for 90 days.
If you read rule 5801, there is a procedure where every company is suspended before being delisted. You don’t stay in suspended status indefinitely. I am focused on the word suspended because it a requirement to be eligible to be relisted under continued listing requirements.
If you think about it, this makes the most sense. Company X is suspended for failing to mandatory reports. Prior to an official decision and while be suspended, Company X files the reports. It is now eligible to be relisted.
We need to look at Rule 1018 as well:
Rule 1018. Resignation, Reinstatement, Termination, and Transfer of Membership
(c) Reinstatement of Membership
Any membership or registration suspended or canceled under the Rules may be reinstated by the Exchange upon such terms and conditions as are permitted under the Act and the Rules; provided, however, that any applicant for reinstatement of membership or registration shall possess the qualifications required for membership or registration in the Exchange.
Suspension requires qualifications for membership.
Cancellation requires qualifications for registration.
I don’t practice this area, but I’m sure there are other attorneys that can chime in. I believe this is very straight forward.
I think it will be a huge help to get off OTC as it opens up the door to more investors and gets rid of the stigma associated with being OTC. I believe it will happen when the time is right. However, I believe the previously given guidance of 10 days to uplist is incorrect. My reason for pointing this out is to temper expectations. At the end of October, I don’t want bears posting management isn’t doing their job and can’t uplist. We should be ready to uplist after we hit $4+ for 90 days.
No news? This is up on imminent application submittal
Doc
I looked at the previous post and saw how hyperopia came to that conclusion. Unfortunately, I do not believe his interpretation is accurate. The confusion was rule 5840(i) speaks about cure after suspension and the next section (j) speaks about voluntary delisting. However, those sections are not related and are not to be read in conjunction.
I believe Hyperopia is mistaken. This guidance only applies to companies that have been suspended. NWBO is now completely delisted, not suspended. This section I is not applicable.
(i) Re-Listing of a Company
A Company that has been the subject of a Decision by an Adjudicatory Body to delist such Company shall be required, prior to re-listing, to comply with the requirements for initial listing. A Company that has been suspended but that has not been the subject of such a Decision shall be required, prior to re-listing, to comply with requirements for continued listing.
Can someone cite where this 10 days over a $1 allows you to relist? I don’t think that’s the case. From what I remember, if you fall under $1, you get a warning letter that you will be delisted in 180 days. If the SP closes above $1 for 10 days, then you’re no longer subject to being delisted.
Personally, I think the financial part of the partnership is done. LL was brought on for trial design. They’ll announce it shortly after submission. Regardless, it going to happen sooner or later.
Pure speculation on my part, but I believe any type of partnership would include milestone payments with one milestone being approval. For all we know, an agreement could have already been agreed to in principle with the triggering event being submission of the application. Also, it’s safe to assume LL and LP have been in communication. I would assume LP would have knowledge as to how the combo trials at UCLA were progressing. LP would be waiting for solid data to use in negotiations with potential partners. With that being said, it could simply be that LP was solely focused on getting the applications submitted before embarking on negotiations.
I’m nowhere near close to selling. This is just the pre-party.
I think we still end up at .98 or possibly green. We should start rising up in a little over a hour.