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Yes, LP said they were in the "middle of" that process (SAP), February 2nd. May 1st could conceivably be 6 months...assuming they started in early November. I am just one of those who believes good news, in an orderly fashion will keep the shorts out of the way. It would begin to regain trust for NWBO by getting updates out regularly. NO news scares longs away, not shorts. I think the longs would not sell a share if LP said, step 1, April 15th, step 2, May 1st, step 3, May 31st.....I also believe it cannot hurt the company anymore than it already has.
So, wouldn't we (shouldn't we) be past the SAP submission and acceptance? SAP's were likely almost complete prior to deciding when the end the trial, and only need tweaking for submission, right? Wouldn't that be a good thing to PR?
Seven days of average volume in legitimate short shares as of 3/15, FINRA. On good news, even those 12.8 million shares of short buyback would move the stock, IMO.
FINRA SHORT INTEREST RISE: 03/15/2019
NORTHWEST BIOTHERAPEUTICS INC
NWBO
Other OTC
3/15 12,277,580
2/28 10,537,657
Up 1,739,923
16.51%
So there are people crazy enough to keep shorting this stock at these levels.....
I believe they have to keep this down if they are still short (naked). The idea is to never have to buy back shares, they evaporate with the demise of the company. That is what SoS was talking about in his article. i am skeptical that there are hundreds of millions of shares short, but the MM action and trading pressure on a no-interest biotech at .28 leads me to believe there are non-market forces in play.
A lot of volume but mostly selling. It will be difficult to hold .28 without buying or good news.
Drum up interest? Certainly need new investors but pretty sure he would get an earful from this group. I am not interested in his enthusiasm. I am interested in timelines and data, period. Even a PR declaring data locked and an estimated timeline for release. I have heard the reasons in the past why this isn't the right move, and in the past maybe so. But I believe it is now and we need to get in front of it and give Innes something to talk about.
Indeed. Otherwise what else is there to talk about? I know he cannot give material information but has anyone gotten anything out of him on when they share a plan with us?
I've been here a long time as well and think this year is different. They know they are under the gun financially. Meaning, no new investment without data release. The Sawton money will only last through mid-year, IMO. They are past all markers they claimed were important, and LL presentation at SNO kind of confirmed that. It's now or never, IMO. And, I honestly never understood the addition of Black. I think you can get more accomplished through existing regulatory bodies filing complaints, if in fact there are naked shorters out there. Side note: FINRA short interest should be updated in the morning through March 15th...I am curious to see if any changes since the brief run up on higher volume.
I disagree. I still believe they are planning for ASCO topline. I don't think you bring on an IR person now if you aren't gearing up for that. It makes sense to me that the series of events between now and June 1st will yield multiple PR's and information we have not seen. 10-K, April presentation by LP, Abstract release mid-april (not counting on that), and the multiple processes underway which should allow information to be released.
I'll be looking for a buy after 2PM. Probably 25,000 more.
Where is the volume today? And, the buyers? Looks like we are back to a holding pattern until news.....IMO.
Almost a text-book bull flag. If MACD improves and volume picks up it will be interesting to see where the break out takes us....and God forbid on news!
There aren't any buyers anywhere today, the market is down 250. I am surprised we are even holding .30 today. Not worried about the moves right now, hoping to get into April as I believe there will be a lot of info coming out.
with no volume too?
Very interesting....looking like they are ramping up, hopefully for NWBO, right?
Why are you persisting on this? You have been spewing FUD all day again. EVERY publicly traded company has to do this (above the size threshold). It is a checklist and review, very standard. Another useless "consumer protection" bureaucracy of SaBox. You have to hire an external auditor, meet with them and check the boxes on certain items. Who has to do it:
All publicly-traded companies in the United States
Private companies that are preparing for their initial public offering
(IPO)
All publicly-traded non-US companies doing business in the US
All wholly-owned subsidiaries
If they find something you are doing that isn't to their liking, they tell you to change it. Over with.
I picked up 25,000 more at .284
I don't buy it. Why would a zero-revenue, development stage company on the the over the counter market have to worry about sarbanes-oxley? Makes no sense, and deserves a proper PR. At this stage of things, LP has to start thinking like a business woman, not a lawyer. David Innes allowed this filing without a PR or clarification? I thought he was there for investor relations....this tanking today could have been mitigated by a clarifying PR....IMO.
It's f'in awful. Can't sustain a few cent move up? LP said more news, more often, well? where is it? no concern for shareholders, imo.
WHat a joke, I just put a buy for 10,000 at .315, when it was the ask, they filled 2500 and bumped both bid and ask above me. No manipulation, huh.
Agreed, head fake (on only 100k shares) down to .31, but we do need some big buying volume to move through resistance.
me too....
Normal consolidation after run-up. Next breakout could be this week. PR, increased volume, combination of the two....IMO.
Thanks, but doesn't go well with Johnnie Walker Blue, which I might be bathing in, if this goes as I envision!!!
Agreed, I am in that camp! "In 3-4 months we can tell our story better"-LP. That was ASM 2/3. Presentation in April, Abstracts for ASCO mid-april, 10-Q mid-April (last year was 4/17)....plus whatever Innes has up his sleeve (hopefully talked LP into releasing timeline estimates).
The known short interest is 10.5 million shares, per FINRA 2/28. Another mid month report available tomorrow for March. That's the number I believe. Based on the stock move and volume the past two weeks, we will know if that has increased or decreased. If there are naked shorts in addition to this number, we'll see with large up volume on news. IMO.
It's a set up. I think LP is waiting for the right time to PR data lock and some timelines as they become clear from the processes in progress. David Innes addition I believe adds to that theory. If he gets investors ready, and it all comes together at the right time, the volume/excitement we need to push this to a couple dollars per share will be there. Right now there just isn't enough buying.
Sorry, poor wording....no confirmation for the industry theater, suggesting they could either submit an abstract, or if they don't feel ready to submit one by today, they COULD book the industry theater and say whatever they want, including top line release, etc...
Sojo's charts show why...clear sailing over .34 all the way to a dollar. We are essentially in two year high territory. There was one week in January 2018 that we pushed to near .40, other than that, this is it! Anyone shorting for the past two years, especially naked shorting, would be in big, big trouble.
This is where you can clearly see there is manipulation. It's like dealing off the bottom of the deck. They sell naked at .34 all day and buy back anything under that to cover. The difference, I believe, is they don't care if they leave open naked short positions at the end of the day. BUt why take that risk at this point? There is not enough profit in this effort for them given the dollar volume of trading so I am suspect of the motivation. Not conspiracy theory, but dirty MM's.
I believe they HAVE to unblind and announce this Spring. Regardless of wanting to keep going longer for long tail. The Sawston money is the last money they are going to get without data, positive data. They have run out of financing options IMO. No credibility, no one believes what they say they are going to do anymore. They have to do it.
Just an example....I am a Bills fan, talk about pain!!
I know, been here a while myself. Lather, rinse, repeat has been the MO. The ASM, PR's and SNO in December tell me this will be a different year, finally. Kind of like the Browns in free agency this week, lol. They look like they mean it this time!
So, just so I'm clear. They could still announce topline data at ASCO without submitting an Abstract, right? NWBO has the industry theater booked to say whatever they want. I guess that's why I believe it will be done there or just before.
I am hoping the buyers have been waiting to pound the ask into the close instead of early in the day. We are a million shares light from the past few days.
Here is the formula: (Good PR + 10 million shares on buy side) = blowing through .34. That is my next expectation. Again, the difference this time is blue skies until $1. Add a few more items to the equation like potential short squeeze, data lock announcement and top line release, we could be in that $2-3 range.
They are stacking up the shares at .34, 87,500 on the offer. Let's see how many will have to be bought there to scare them away.
"They" know that once we get over .34 and hold it, this has open space until almost $1. Not to mention allowing money to flow into the company through warrants. The difference this time, this year, is that they also know we are within months of major news and the risk reward is tilting away from shorting this now.