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thanks. Contrary to some criticism of me, I am long and believe in the science. And like most here, want patients to get access to this asap...and, yes I'd like to make money at the same time (this is an investment, speculative as it may be).
As of 3/29/19, legitimate short interest in NWBO was 12,663,337 shares (per FINRA), up another 385,000 from 3/15 report and up from 10,500,000 from 2/28. So, while the stock has been trying to move up, shorts continue to take positions. Again, irrespective of those who believe there is a large naked short position, if we have good news soon, as I expect, and we get a 10 million share upside day, while 12 million shares try to cover, I believe we will be in blue skies approaching $1.
400,000 shares long, yes, I'm a shareholder and he has not reached out to me. Irrelevant, I don't need reassurance from him, I need it from PR's. You don't need an IR person if you have nothing to say, so I am asking him to start saying it.
exactly, and if he is telling the story to potential investors/fund managers as LP believes (hundreds of millions of naked short), then there must be a thousand people like Michael Bigger out there who would see an opportunity for the science and the squeeze!
I am suggesting DI should be making retail investors and fund managers aware of the stock, the current position, and the potential so they take long positions. not dilution.
That's great. But having DI calling shareholders to tell them nothing but "just want to let you know I'm here, call me if you want me to tell you there is no new news" doesn't help. His position should be clarified. It should state DI is actively pursuing and in meetings everyday with Biotech investors on Wall street and around the globe lining up new investors. If that were the case, our daily buy volume would be 5 million shares, but it isn't. If he was hired at this point to "be ready" when the news flow begins with data lock/top line/unblinding, then that would tell me we are getting close.
MACD trend line cross appears to be near. If so, with volume, looks like we may test resistance at .32 this week.
The question I keep asking is why NWBO isn't on the investment publicity circuit? No, we have not seen topline or been approved for use, but neither have any off the trials/treatments we keep hearing about. I believe we have the most promising results to date, in the trial that is closest to data lock and topline. I just don't understand the strategy.....
Do you mean Zacks Research? If so, can you please provide a link? I do not see any reference to NWBO.
I am hoping that we build back up in PPS in anticipation of anything LP might say at the vaccine conference. Looks like we bounced off the bottom support, although it would be more convincing with higher volume.
right back up with a 100k bid at .28
You mean like 20,000 shares this morning pushing it up to .28/.285, and then 1768 share trade to push it down to .272?
Without substantial volume to get us over .28 and through the top flag trend line, I agree.
It's unbelievable how this stock trades. Takes 70k+ shares to move up to .28 and then three 500/2500/2500 trades to knock it back down. Seems reasonable, right?
I agree LP could really start the PPS rise at the conference but I am doubtful. Any nugget of positive news would be great. However, There would have to be a PR that morning if she PLANS on saying anything the public hasn't heard yet. If something cryptic slips out it will still probably help but she is very careful with her words.
Nice, Thanks. We are currently right on the upward trend line support and 100DMA line. Should be strong support. If we hold here I believe we head back up. If that major support doesn't hold, I think we are in trouble.
It is perplexing to say the least. The borrow rate/fee is dependent on share price and total money "shorted", calculated on a daily rate. And, it is also dependent on the difficulty in borrowing the shares. So, do prime brokers charge a borrow fee if they do not intend to borrow the shares? Is that what allows naked shorting to persist long-term? If you shorted 1 million shares of NWBO two years ago at $2 per share, you net $2 million. If you never cover the position, are you still paying an ongoing borrow fee?
I think the key is, as Smith reiterated in this piece, "Faced with positive news that a Company and its investors expect to significantly boost the stock price they double down on their short positions to drive the stock price lower and in doing so to “make good news appear to be bad news.”
If the process is as Smith asserts, and prime brokers are truly in the game as well, who is watching over them? Wouldn't it be part of the reporting function of these brokers to show their positions (long and short) each month? brokers and clearing houses have to submit their monthlies to the appropriate regulatory body. I was a FINOP for a small Nasdaq broker years ago and had to do this. It would seem an easy task to add the total short positions in a particular stock from the collective reports.
In reading the 10-K, nothing out of the ordinary that I saw. However, regarding the ongoing conversation discussing the value of the remaining 17 acres.....I saw a line item related to the Sawston sale that said:
Extinguishment of environmental liability $6,200,000.
Am I reading that correctly to assume that out of the proceeds of sale, they padi $6.2 million so the 17 acres are free and clear to sell once rezoned? With no environmental issues.
Huge bid at .26, looks to be where they want to stop the bleeding and accumulate shares. Just not sure who THEY are, lol. It's a good sign, anyway, IMO.
I had a dream that the SOX audit came back with a deficiency in compliance. And NWBO was told that they are not telling their shareholders enough and need to release all relevant information they are sitting on immediately.
Well, we know we will be getting news this afternoon or tomorrow in the form a of a 10-k. Not sure how much we will glean from that other than a potential valuation on the 17 acres. Maybe a few expense payments with regard to the proceeds of the sale of Sawston to determine what NWBO has left to work with. However, most of the burn will have occurred after January 1st so we won't likely be able to calculate that until we get the first quarter report...after ASCO.
I just hope we don't get 40 days of sideways, range-bound trading like we did from early January to march 1st. That's where news will come in handy.
That's what I was looking at earlier today. The YTD chart shows we bounced off support at around .25, once it started back up I bought more.
I wasn't sure if the 50K ask at .267 was for real. So, I bought the 50K at .267 and they filled it....it did move the ask, for now.
I happen to agree. Doesn't make me a naysayer. I believe and have believed in this company and science for years, with my money invested. I think it is ok for a poster here to say that he/she believes the timing is important and it is ok to disagree with the strategy of the company. After all, look where the current strategy has gotten us. Definition of insanity? It is ok to believe we need a change in strategy and all things considered (limited financing opportunities, depressed share price, no PR strategy), it is time for a change and start getting on the offense. IMO.
Marzan, that is the timeline I am hoping for as well. We are entering the sixth month from early November, which I believe could be when all the "processes" started. There would be no better way to blast the roof off this stock than to have a flurry of PR's from mid-April through ASCO, IMO.
I get it, but other companies in similar positions seem to find a way to PR relevant information. I'm long, I'm a believer in the science, and yes, I'm frustrated. That's all. I am a firm believer that transparency will trump silence, and especially this close to the finish line. We need to be over .35 to start getting consistent warrant money in. Regardless of FDA or SEC, the company first and foremost needs to survive with legally entitled info to be presented, IMO.
I agree. I just disagree with the management style in getting there. This stock should have never been below $5 and never delisted and moved to OTC, IMO.
If that is your opinion, plan to lose all of your money. NWBO is a biotech company putting forth clinical trials to create treatments (products) for cancer. To cure, if possible. To profit, without doubt. if they were a research company, no one would bother to short it or talk it down. As a potential competitor to the lobby-rich BP, we are a target.
Just a difference of opinion. I get it that the opponents/wolfpack/AF, whomever they are afraid of, are able to hurt a start-up biotech with 5 years to go on a trial. But that is part of my point. If we are truly months away, there is nothing to be afraid of if we have good info. And the sooner we start dripping it out there, the better, IMO. So, like I said, if I don't start seeing that PR train soon (mid-April LP talk), I have to believe we are not even close to any data release. We will see the 10-K this week, they have until Thursday , I believe, so we will start with that.
Yes, and it has been two months and all we have gotten is a delayed 10-K and a new hire who hasn't done much to drive volume.
From your paragraph from Les:
"And I think you'll be seeing more and more of it and I think we're better off not laying it all out at once because then the other side will have more to attack us on."
So, that, to me, says we should have a regularly scheduled update based on progress of these processes. Starting by mid-April and LP's presentation and continuing through ASCO and topline (or data lock announcement), whatever. So that the market knows we are close and so shorting doesn't make investment sense. Irrespective of the fact we are OTC, the company can rebuild some confidence with the market/investors by actually giving updates.
That is why my perspective is one that says if there is no stat to the positive news prior to ASCO, it will come and pass with nothing. And that, IMO, will not be good for the PPS.
What I am referencing is that the "multiple month processes," some done in parallel, will yield information that can be PR'd. I have not liked the closed door policy. Some point to SEC restraints caused by an investigation but I don't think that holds you back from getting legitimate information out. And, if they are truly in the throws of ending the trial and announcing results as soon as possible, I believe they need to start the process of disseminating info now. Even small positive bytes for a few months into the eventual topline and unblinding will build PPS, IMO. Silence will kill us and I have been long for along time with over 300,000 shares. I would prefer not to sell, just need to see the company act like they believe as much as I do.
I believe you will see a selloff prior to ASCO if there isn't positive news a few weeks before it or sooner. You cannot, IMO, say what you said as the ASM, and then go dark for 5 months (unless all you have is bad news).
Another poster also concurred with the fatigue of this stock. I know I can choose to stay or leave. What I am saying is that for all aspects considered (investment, time, opportunity cost, belief in science, question mark on mgmt) I will make my decisions appropriately, as all should. I personally believe we are dead in the water as far as new financing opportunities without positive news (topline, data lock, unblinding). I don't believe the 10-K will show enough cash on hand to get past June. All things considered, LP has to show her cards to make me a permanent believer after moving the goal posts so many times. If no truly positive news prior to ASCO, I'm out. I am convinced they CAN PR something, they choose not to and I disagree with that gameplan. If nothing before ASCO it will tell me they don't have anything positive to PR. It is plenty of time with all processes supposedly in play to say something positive about where they are and the timeline.
Do you mean buying back in?
I think many investors, myself included, will bail out if no news by or at ASCO19. The tea leaves (or hopefully real PR's) will tell us if we are on track for news by then. I will not be blindsided by a non-event conference which would indicate no news until NOvember. I am pretty sure I am not alone. PPS will be pennies if nothing by June, IMO.
Is NWBO aware another company is using their treatment name? Isn't DCVAX trademarked?
Agreed. It has been so long since we had good news and real volume. One good PR and even with only the 12,277,580 shares short per FINRA (notwithstanding naked short theories) I think we blow through the resistance at .35. We are averaging 1.2 million shares per day. That's 10 days of volume to cover the known shorts. I am trying to imagine how great that day will be when we trade 20 million shares on the upside....
No doubt that is almost textbook bull flag, which indicates we are coiled again and ready for new highs if support holds. Trend may be your friend but with NWBO, buying VOLUME is our only friend right now and Innes can't get it without news, IMO.