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I would say that you can dish it out but you can't take it. But that is irrelevant. My point is that sharply argued disagreements is par for a msg board like this and in many cases quite healthy for the board. But like potty-mouth, content-free schoolyard name-calling is not an adult way to communicate. To the extent adults use it, it's low class. Why would you want to escalate disagreements to the most ad hominem possible level? It doesn't do anything to make you look smart and it undermines any good-faith attempts at communication. It's bad for your discussion and encourages the degradation of the message board. It's not clever at all and is deeply offensive no matter whom you are addressing.
Just to be clear I'm talking about the following which you wrote today: 'crayon munching Neanderthal', 'chump', 'your dumbass opinion... you're a moron', 'Surely nobody is actually this stupid.', 'dipshit', 'You clearly are an absolute ignoramus'. I don't see how anybody can believe that kind of trash talk makes them sound more convincing and not like a classless jerk.
What's up with all the very juvenile name-calling today? Are you having anger management problems or are you simply stuck in your teens WRT your social development? Just to offer some free advice - that's a stunningly bad look.
Thanks for correcting me. My memory used to be sharp but alas age takes an expensive toll!
NWBO is selling shares. We might not be able to know exactly how many shares they sell e.g. via 'preferred C' shares they sell until the quarterly report. (I'm not sure if those sales are picked up in the # of shares outstanding as reported here, or if those shares only get incorporated in that count if and when the preferred C shares are converted with 1 preferred being equivalent to 100 ordinary shares). NWBO may also sell small tranches of shares without reporting that event if the number for any specific deal is small enough not to be a reportable event because the number of shares sold is so small relative to the shares outstanding that the sale does not rise to being a material event. NWBO are pre-commercial meaning that they have minimal income relative to their expenses. That gap obviously has to be filled by selling shares an /or taking loans or making deals. This is entirely business as usual for any pre-sales company. Anybody trying to make a big deal out of it is a scammer as anybody believing any claim that it's the least bit unexpected is clueless WRT this kind of investment (meaning in any pre-sales company). "Presales" MEANS that they don't have revenue from sales to pay their expenses, currently, by definition.
There is room for further confusion whether intended or not, by referring to sales by NWBO as 'Linda Powers is selling shares'. Of course she is CFO and CEO so she signs authorizations for NWBO to sell any shares. In the sense that LP authorizes sales by NWBO 'Linda sells shares' is true. Unfortunately, some will write that and some inexperienced and confused longs will take that to mean that LP is selling her own shares. That is likely purely a mistake on the part of the reader because if LP were actually selling her own shares she would have to report each sale. None have been reported hence we can very safely state that she has not been selling her own shares.
There is nothing to be confused about because if Linda were selling she'd have to report it within 3 days. That is very basic knowledge by the way wrt investing in individual stocks. Of all the fudster BS 'Linda is selling' is the most transparent BS. Director Malik sold a few million shares some weeks back and reported that with a note that said he was selling to pay a tax liability. Other than that zero reports have been filed by insiders.
Ex, mocking peoples' names, how 7th grade of you . I had thought you were slightly more mature than that but apparently, I was giving you credit for more maturity than you've got.
Correct, Bio. This guy's posts reveal that he knows next to nothing about the business NWBO is in. If I had to characterize his writing I'd have to say that sadly, his style is best described as 'blustering potty-mouthed fratboy'.
The document that MB poster 'inquiring' who can't even spell his own name correctly posted explains that the Specials program is wholly run by Advent. Advents payroll is huge for now relative to the Specials level of production, but they have to be fully staffed on board already for commercial level production to prove to the RA that NWBO has all the contracts in place to produce commercial quantities of DcVax as soon as it is approved. As of now, the Specials program has to support Advent's full payroll with a revenue stream from a very limited number of patients. The current setup is in no way equal to the cost structure involved in commercial production. NWBO is disclosing just what they need to and that doesn't now nor will it in the future disclose the transfer pricing from Advent to NWBO. Again the entire pre-commercial cost structure and accounting of revenue flows thru Advent for the temporary Specials program are completely different from what the commercial financials will look like.
You are talking nonsense. Specials billing and accounting are different from commercial product accounts. Advent has a large payroll which is needed to be able to start ramping up to produce commercial quantities starting immediately after approval hence they have to be on-board already even though for now the only income to support Advent is coming from Specials.
If you truly believe that Advent will get the lion's share of the margins on commercial dcVax just for making it under NWBO's
IP, via trials that NWBO paid for and using processes that NWBO paid them to develop then you are pathetically ignorant of the whole biotech development and commercialization business. Dumb and dumber.
Biosect, it goes without saying that I didn't mention about the payroll expenses Advent is carrying for your edification, obviously you are well aware of that expense factor - and of the fact that the staffing expenses will no doubt drop drastically per production run once Eden automation is in place. Just for now the fixed payroll costs account for most of the production cost.
Biosect, I agree. Advent has a large (70+ has been mentioned here) payroll of highly trained employees. Most of them will be needed to start working on producing DcVax as soon as NWBO gets approved for commercial production. Not sure how rapid the ramp will be but NWBO has to have enough mfg in place from day 1 of commercial production to convince the RA that NWBO can meet the demand for DcVax when they approve it. In the meantime, those staff can't be assigned to producing for other Advent customers on anything but a very short-term basis, because they have to be available to service DcVax demand now (Specials) and as when commercial production rapidly increases the demand. The Specials program has to be supporting the Advent monthly payroll. We don't know what the Specials costs are now nor do we know anything specific about Advents payroll other than what we can guess it's costing them to carry their fairly large staff of specialists.
Thank you for confirming the rule on conversions! Only annual contributions get nicely 'grandfathered in' and get credit wrt the 5 year rule for however long it's been since your earliest annual contribution, i.e. if you opened any Roth account 5 years ago then even your latest annual contribution becomes immediately eligible for tax free withdrawal with no further waiting period. But that's not the case for rollover contributions which as you say, get dated from the first of the Jan of the year you convert and only become tax free for withdrawal on the 5th anniversary of that date.
It's a tad complex so there is room for confusion on this hence it's important for anybody making a rollover to be clear that is how it works.
I might be wrong but I believe that any regular annual contribution to a Roth inherits the start date for the 5 years from when you have opened the Roth account (or any other Roth account), but the same is not true for funds that are rolled over from a non-Roth account, which I have also done. In other words, WRT contributions that are over and above the annual contribution and are rolled over those funds, unlike contributions made within the annual contribution limit, start a 5 year clock from the year that they are rolled over, regardless of how long you had the Roth IRA prior to the rollover. I don't want to look it up again now to quote you chapter and verse but I'm certain that I discovered this upon careful reading of the fine print in the Roth IRA instructions.
Why should it? But note that rule only applies to withdrawals, not to holding periods within the account. So you could sell a holding with say only 1 year holding period and not get hit with any cap gains tax unless and until you take the proceeds out within less than 5 years of establishing the account or converting holdings from a normal IRA. You can trade freely within the 5 year minimum holding period with no tax consequences as long as you keep all the proceeds within the Roth account.
As a shareholder, even if damage to the share price is proven in court, you would be able to claim any damages only on any shares you sold. I'm not a lawyer but I know that legally speaking you haven't suffered any loss on paper, you only have any claim of loss when you sell. The disappointment we suffered of holding through a price dump when we were naturally expecting a higher value to our LT holdings is not a 'real' legal damage.
Hoffman, you're analysis makes a lot of sense and from a non-legal type, many thanks for that! Very helpful to keep what I believe to be a clear perspective on where this trial could well be going. Besides everything positive you write about the ruling we all know that NWBO's legal representation is top-notch hence we have lots of reason to expect they could well prevail. Even getting to discovery could be all we need to get defendants to the negotiating table with a checkbook. Obviously, there is no guarantee of that, however, there is no denying that our law firm plays hardball in the big leagues with some very big scalps on their belts.
H, I responded to your 'X', but again thank you much for taking the time to post this, and GLTA in the coming year.
Same BS you have been peddling forever here. That NWBO would never get ph 3 test results published. Then when they did that, they would never file the MAA. The MAA has indeed been filed but you insist that they will never get approved and even when they do, there is no significant market for DcVax-l in the UK at any profit. Your conspiracy theory has always been that LP never had any plan to commercialize DcVax, only to build Advent as a CDMO for 3rd party biotechs and then give that to Advent for free or as a firesale. You have always claimed that you and other shorts know that she has always lied about intentions regarding DcVax and has only planned for Advent to get control of Sawston for business other than producing DcVax.
Meanwhile NWBO slowly but surely moves ahead to commercialize DcVax proving that you have been full of s__ every step of the way. Even as NWBO gets approval for DcVax and starts shipping it you will continue to claim that only shorts know that LP is a complete fraud. Complete nonsense.
You are actually such a liar. You wrote many, many times that the company would NEVER file the MAA.
He always insisted that they would never publish the results in a peer-reviewed journal then that they would never submit the MAA. What a moron! But like many famous bullshitters, he repeats various nonsense over and over and then runs away from it 'I never said that' when he's proven to have been dead wrong all along.
Are you trying to deny that you stated upwards of a hundred times each, first that 'they will never publish the results of the ph3 trial', then that 'they will never submit the MAA'? If so that would make you a terrible liar as well as clearly being an idiot. Sorry, but you lost all credibility here long ago.
LOL, stick around and you'll have the pleasure of watching us longs make a lot of money. I know you are a person of such fine character that you will feel nothing but 'sympathetic joy' at our success and offer us your sincere congratulations. Yes, we've made some money so far but there is a lot more to come. Stay around and you'll be able to enjoy vicariously our larger bounties.
Just this week it's likely we will close the week at .85-.90. A harbinger of even better things to come just from applying to MHRA let alone what we will see when DcVax is approved in the UK.
With you it's always 'never', LOL.
How much do you think Advent's monthly payroll costs are? I think they may have 40+ mostly highly trained and skilled knowledge workers on staff now. NW need to have a facility up and capable of running at capacity at the time they apply for approval, don't they? All the accounting is currently under R&D. I believe we will start getting more visibility into all revenues and expense figures as soon as the product is approved and they move it out of R&D and into product accounting basis. Of course we'll need to get to a certain number of sales to start to really understand product unit costs and gross margins at scale. In the meantime, nothing else matters nearly as much as getting approved and on top of that learning what the reimbursement rates will be.
You wrote
Something seems wrong with you. Are you senile?
Does Thermo owe you any statement when he buys or sells any shares? Absolutely not.
Did he in fact in any case answer your stupid claims about his trading. Yes, he sure did.
Can you even read? It sure doesn't look like it.
You wrote: "He never said he didn’t sell, you made that up. He never said I’m full of shit, you made that up. Quote me where he said either of those things and I’ll stop posting." OK, I'll take that, see below and if you are a man of your word, time for you to stop posting, LOL. Will you honor that? Of course you won't.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173017641
"No, actually I bought at the end of September. I'm just not a child about these things."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173017850
"nope, new money"
Precisely why the first approval for dcvax-l ought to be the catalyst for a buyout or a buy-in of some sort by a BP with the money to push forward on the combination trials without delay! From the little we have heard about it from LP is seems less likely to get a full buyout offer at this stage that will satisfy her that the price is right before combination trials further prove the possible large value of dcVax.
I mostly ignore all the standard MB nonsense but it's hard sometimes. These posers irritate me. The stock dips a little and all of a sudden they come out like cockroaches in the summertime, thinking it proves that they know something longs don't.
"Odd that he doesn’t. " What are you talking about, bozo? He answered your nonsense claims. He told you clearly and specifically he's not a trader and that he didn't sell and in fact he bought more at the end of September. He told you that you are full of s**t. Can't you even read?
Your trash talk is BS. No basis for it, in fact, exactly the opposite. You claimed that Thermo didn't answer you when you asked if he sold and that is supposed to 'prove' that he sold. Then he actually told you "No, actually I bought at the end of September." You said "sure you sold warrants and bought shares with that money" and he replied nope, "new money".
Please just give it a rest. You sound like a penny-ante trader pretending to prove you are smart because you 'know what they do'. Sorry, you're a total joke.
You've appointed yourself spokesperson for the longs, now? LOL.
Who are you, his mother, that you think he has to tell you all his trades, if he did sell any? "I told him, be honest, tell me if you've sold any, and he didn't answer me" - so that proves he sold? You are daft. If it did so happen that he did buy shares at .50 and took 80-100% profit a few weeks later are only 2 words that describe him and that's a good trader.
Your random babbling implying that anybody traded on inside info is a lie and slander.
I agree, Cassie! It sort of feels to me like a healthy purge just happened. Yes, I think most of us can agree that this was a PR blunder magnified by the normal volatility of the stock and the fear that caused the weaker longs. Some ignorant shorts are sure that what was exposed was a major operational blunder, or at least they are very happy to try to panic weak longs and create a trading opportunity. That opportunity is unlikely to last out the coming week.
I feel sure that this incident was not a sign of any big real-world problem with where NWBO is going nor how close they are to the most key event of RA approval(s). In the scheme of things, a 45-day delay would not be a really big deal and in fact, it wasn't even a delay, only a perceived delay caused by the prior PR having been (maybe very foolishly) over-optimistic about the timeline. On the level of fact and not perception, we are 45 days closer to the goal than we were. Longs know that. This dip is a buying op, how big of one we'll find out starting tomorrow. We will probably close the coming week on the high side of .70-.80.
I'm pretty sure we were barely overbought at $1.00 and a pullback to .80 after running from .40 (intraday) to 1.00 is as normal as California sunshine. The negativism on this weeks' 'shocking' PR even by some longs who love to bitch comes as no surprise but think the selloff (at least below .75) was a kneejerk reaction by sheep. I'm no less convinced that we are making very important progress toward getting at least the first RA approval. Needless to say, that's a game-changer for how solid the stock will be going forward. We probably still can't escape high volatility until we are on a better exchange and get some institutional $ buy-in, but IMO we are headed back towards 2.00, maybe even 2.50+ in 1H2024.
My bad. You are right they did write
No, this is a reading comprehension problem on your part. "all but one of the key sections of the MAA have been delivered to the publisher", so the publishers work overlaps the work to complete the final section, delayed by consultants' availability. Try reading it again more carefully.
Well it could be that but OTOH we don't know whether the consultant involved is in the UK or the US, do we? Note that they wrote 'consultants' plural so there's more than person involved. Likely to both be in the UK? Seems to be the odds are not. We we should not jump to conclusions, and not jump all over the consultant in any case for NWBO not having their act together.
If they were doing this under a different capital structure so that they didn't need to rely so much on consultants then no doubt they could have done this faster. But it's a big tradeoff with the undercapitalized business model. So maybe they had absolutely no choice tho even costwise, over time no doubt it gets very expensive to rely on consultants for everything. But I don't have nearly enough facts to know anything more than the surface level so I gotta say 'but what do I know'? They've taken a long time for sure. How much of that came from just the nature of them doing something that is very novel, we just can't say.
The most important thing is to look forward and understand how likely dcVax is to become SOC for GBM and know that longs will be very well rewarded if and when that happens.
I'm not insecure it just irritates me when somebody argues with me without even paying attention to the points I make like the very obvious point that the PR didn't read 'on vacation'. The top line of my post was "Where the hell does it say 'on vacation'? " after you attacked some unknown expert severely, then in response you tell me to read the PR. Yeah, I'm a bit grouchy but you ought to be able to cop to making some remarks that were quite uncalled for and also trying to argue with me without paying the least attention to what I wrote. You were in very bad form there dude on both counts.
First of all It makes a difference to me that you keep arguing with me without even reading my posts (see text of my post below) . In my book that makes you a bit stupid. You don't have any idea who this person you're pissing on for being 'on vacation' is. Yes, on vacation is one possibility, other stuff like having several weeks of very urgent surgeries planned would be another possibility for a brain surgeon to be unavailable, This brain surgery stuff usually is very urgent as far as I can tell.
'unavailable' doesn't mean 'on vacation'. Don't make up what is not in the text.
Where the hell does it say 'on vacation'? It a weakness of NWBO's business model that they find themselves in the position that one person is the only one who is qualified of doing what needs to be done, but don't jump to conclusions. If somebody is really good then they are quite likely to be in demand and have commitments and not be able to drop everything at little or no notice. Could be a vacation or could well be other commitments. If it's a vacation then for the right $ you'd think they could buy them out, other kinds of commitments can't be moved.
They didn't say anybody was on vacation. Very skilled people have lots of demands on them. That said, yes year-end coming close to their updated endpoint is a risk of further delay if they don't execute well on the schedule they just gave us.