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If he's going to announce something, he's sure doing a good job of playing possum
The attack usually precedes another round of financing - its almost as if the folks providing the financing hand the script out to the usual crew to coordinate with the short attack; they know the shares they're about to receive will cover their short. Rinse and repeat.
If I'm not mistaken, SIRI got down to $0.05 intraday; its at $5.08 now, and hit %5.50 earlier this year Obviously not a biotech stock.
Geez - I only read the 10K for 2 minutes and already found a typo - who proofreads these things?
We have an integrated strategy for protection of our technology through both patents and other mechanisms, such as Orphan Drug status. As of December 31, 2017, we have over 160 issued patents and more than 70 pending patent applications worldwide, grouped into 12 patent families.
Oh....and btw........the stock price is now $0.36. Anybody here believe that Whitebox and other co-conspirators are not shorting the hell out of this stock? Why not, they still have a substantial portion of the loan outstanding. They can do this all day. This has now become a death match - will there be a decisive bit of positive news regarding DCVAX before the death spiral is complete ? At least we now know who is holding the gun - and the company they keep. I'd love to find a connection to Whitebox and Phase V.
Wasn't it Adam F. who stated that he knew who was doing the toxic financings with NWBO ans that "they are no friends of the Company". The ties to Cramer, The Street.com and all the funds named in Deep Capture is overwhelming. You should all take the time to read not just Chapter 12 of the link I sent earlier, but the whole document.
I have this question for the baord - was it known prior to today that Whitebox Advisors was the holder of the converts????
Mr. Redleaf and Whitebox are no friends of NWBO. He and his company Whitebox, and his other fund, Deephaven are prominently mentioned in the Deep Capture document. Go to chapter 12 and page down until you read about his nefarious dealings buying, guess what, convertible bonds from companies in distress.
https://www.deepcapture.com/tag/whitebox-advisors/
Suffice is to say that this is not the first company he has tried to drive into the ground and the answer to who may be behind all the naked shorting might have jsut been handed to us. Note all his ties to Milken - the seven hedge funds that shorted the hell out of Dendreon, etc. note his ties to Drexel and all the scum that came out of that firm.
Seems like there is some history between Whitebox Advisors and NWBO. I assume this is well known by the long term holders.
[https://www.nwbio.com/family-foundation-of-business-leader-invests-4-55-million-in-northwest-biotherapeutics-for-promising-clinical-trials-in-the-us-and-europe-2/url][/url][tag]insert-text-here[/tag]
I called the company a few minutes ago and spoke to the office manager - she said they have no idea why the price went up today
Has there been an update on this item that I missed? I don;t believe the company has the money at hand to purchase the Notes detailed below. Apologies in advance if this was put to bed and I missed it.
I'm less optimistic than you may think for getting my money back on this one, I have been down on this one for awhile - you are missing the real reason why this stock is more likely to go down, way down, before it goes up (if it ever does)......I can stand to lose the full investment if that's what happens. Waiting for the dilution.......
You should know, though, that nobody on this board, nor the NWBO board, are basing their buy/sell decisions on anything you do or say. Your inflated opinion of yourself is not shared by others. Why the constant selling of yourself in every post. Red Flag......
Anyway, I have 65,000 shares of NWBO and will likely lose on that one too. Still using house money from other bio investments over the years and a large but unrealized gain on SRPT. Let's at least wish ourselves luck on some good news from NWBO - I'll leave it at that.
What a blowhard you are - go back to the NWBO board where you can continue writing your self-absorbed infomercials about yourself. How insecure are you anyway? How small is your er....umm.......hands?
You answered your own question - the pending reverse split at 40 to 1 will keep this stock trending lower unless unexpected news hits. And if the stock splits 40 to 1, the shorts will hit the new stock price hard, presumably after an offering is done.
I still wouldn't bet against the company long-term.
And some have money invested in IMUC and NWBO.
So the question I have for the board is, will anybody be buying as a result of this recent development. I'm getting approval to buy another 20,000 shares (I'm under a fairly restrictive compliance categorization where I work, which has cost me dearly when I need to move fast to buy or sell)? $0.41 as I type.
You can buy 1 million shares for $120,000 right now. IMUC has enough money to get through the next year or two and I guarantee the price will go over $0.50 during that time. Quite a nice trade if you have the stomach. I used to read your stream of consciousness posts on the NWBO board but I skip them now. No value added. Too much hubris.
An example right now of how difficult it is to enroll patients in trials like this is IMUC. They started their phase 3 trial several months ago I believe. As of the conference in England a few days ago they had a grand total of 6 patients enrolled. My guess is we will not see the end of that trial for another 5 years.
Sarepta was at $28 the day before the approval. I own 7,000 share around the $12 range and hanging on to all for now.
Comparing SRPT to NWBO is apples to oranges. That said, as a shareholder of both, I would love to see a similar rise in share price. I work in NYC and would have been tempted to attend the today's festivities but it looks like its not an actual presentation, and I'm not sure private investors can attend.
Algo:
Who is manning the Lightspeed Trader this morning. If its your wife, can you ask her to kindly step away from the keyboard
FWIW - apologies in advance if somebody has mentioned this already - its hard to keep up with the posts - but on August 31st, IMUC traded up to $0.16 on 36mm shares - then stayed at $0.15 on 15mm shares the next day, then slid back down to $0.11/12 on apprx., 3 to 4mm daily volume, and has stayed there ever since - there was no known reason for the share price increase/volume and the optimism generated over those two days has since dissipated.
Is the same happening here? It makes you wonder.
In all the posts I've read I haven't seen any logical reason posted for the volume and share price rise for NWBO - sure there is conjecture that something is in the works leading into next weeks conferences, but we've all been there before.
Proceed with caution here folks.
BTW - I did add another 20,000 shares at $0.34.
There's been a lot of talk about the size of the booth(s) at the upcoming ASCO and what it may portend.
My guess is that, in keeping with the companies philosophy of obfuscating what's really going on at corporate headquarters, they have brought in a smoke machine and a house of mirrors so that anybody trying to locate management has to first prove their worthiness by negotiating the obstacles.
Rumor has it that they also purchased from MGM the old Wizard of OZ paraphernalia - you know, the one that can project a picture of Linda's face as she repeatedly states "who dares come before the great and powerful Linda" while she feverishly works the controls behind the curtain.
Naturally, this will take up a lot of space.
There's even some whispering that they will announce a move from the Phase II/III to a confirmatory Phase IV using the horses that keep changing color as a prop, so one of the booths is really just a place to store all the horseshit that's likely to accumulate (I believe it Pyrrh who started this rumor so take it for what its worth).
Ok, I've had my fun for the day. Back to my Sarepta investment.
Thanks for sharing this information - I personally found it very useful. I believe the companies only way out of this pit is to initiate a rapproachment with NW following a positive outcome to the investigation(s). It sounds to me like Neil would be amenable if I'm reading between the lines correctly - it's almost like he is extending a fig leaf. I see NW as the only way out of the funding black hole the company is in - they have to stop the toxic financing!
I'm not convinced the current management team will survive intact if substantial dollars are going to flow from a deep-pocketed investor such as NW. My investment thesis is not beholden to Linda and team remaining intact - lots of bad blood.
Time will tell.
The way out of this toxic financing mess is for the investigation to close in a manner favorable to NWBO, and more importantly other deep-pocketed investors who do not want to see their investment go down the drain. Substantial financing could follow shortly after a positive outcome and would alleviate the need for addt'l harmful funding.
We (including Pyrrh) do not know whats happening behind the scenes. The scenario laid out above could very well happen.
We know the various arguments short and long, time will tell. Hopefully, finances, or lack thereof, won't be the cause of this company's demise.
Pyrrh, you are claiming victory too soon. If the potential outcomes listed above come to fruition, that is, the investigation ends in a positive manner, additional funding comes through, and the company succeeds with the science, your will have earned your moniker, because your premature celebration would certainly be a "pyrrhic victory" in every sense of the word. Is that why you chose the name?
There's a good riff here on "Smokey and the Bandit" but by all accounts Les is an upstanding guy and I shouldn't besmirch his good name for a few laughs......
You should change your moniker to RVW as in Rip Van Winkle
I'm really starting to wonder about the possibility of a plan to take NWBO private or a planned takeover at rock bottom prices that would preserve Linda's assets away from the public entity NWBIO. Why else the posturing over the "news is right around the corner" when in fact, it wasn't? It's been posited on this board before that if "L" is a flop but there is hope for Direct, Linda could maneuver all sorts of constructs, including a bankruptcy where the "relevant" assets are sold elsewhere. In fact, aren't a lot of the patents pledged as collateral to an unknown pledgee (although the speculation is that its an entity controlled by Linda).
Could this be what we wake up to one morning? Any thoughts on this?
Per 8-K filing requirements, the company had to file the information relating to the NASDAQ notice within 4 days - which means tonight (notice date was April 26th). Faced with a very negative headline, the NWBO spin machine went into high gear.
By SEC regulations - they had to file the 8-K tonight.....period, exclamation mark.
So how do you soften the blow? You stick it at the bottom of a press release. Almost as an afterthought.
What did they really say in the first two paragraphs; you know, the ones meant to deflect shareholders attention away from the real message. That the "L" trial is still trying to get an "issue" resolved and the company is hopeful it gets resolved soon - would you describe AA that way? I looked at that as a net negative.
And are we really excited about the fact that NWBO is potentially collaborating with UCLA and some big name pharmas for some potential Phase 2 trials - so many years away!!!!!!! And the cost.
Sorry folks - I'm not nearly as sanguine as others tonight.
The way I look at this, NWBO had to file their 8-k today because they have 3 days to file material information - I believe thats an accurate statement but I'm stating this from my memory of how material information has to be processed. So, confronted with a clearly negative headline, NWBO rehashes some news that was already known, and lets be honest, nowhere do they say that they are getting paid for anything - they are merely collaborating with companies for a Phase 2 which, along with a Phase 3, if warranted, will take years to complete (lets not even talk about how it will be funded). And then there's the "issue" with the Phase 3 which they hope to resolve soon.
I'm sorry, but as I posted on the YMB, this smacks of putting lipstick on the proverbial pig.
I look at this as largely negative and I firmly believe the cabal of shorts will have a field day with this. I own 25,000 shares around $2.20 and I hope I'm wrong.
They said at least 90 days - think about what that means
I decided to purchase another 10,000 shares today in an IRA Rollover account. I do not look at this as a long term investment.
Did I miss a PR from Celldex stating these details? I've been monitoring their news and board to see if that information had been released up to today. Perhaps it was stated publicly in a webcast?
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This is not new news just released by AF today, although I'm not really sure when it was first announced. I've known for at least a few weeks, perhaps from another article. My own thesis is dendritic cell vaccines need some good news - we need a win with the fda and with a market acceptance (unlike Dendreon). I am hoping for a CLDX win and hope that it lifts all DCV stocks along with it - I have a 15,000 share position in NWBO luckily at $2.50 and a really large position in IMUC (that I'm severely underwater on) so I have my fingers crossed. I am wondering if this generation of DCV products will get over the fda approval / economic feasability threshold, or will we have a much longer wait for the next generation - lots of exciting things happening and lots of nice collaborations going on with next generation.
AF put out a fairly balanced piece on CLDX today - as you all know, he has been a supporter of CLDX in the past, but his support is being tempered somewhat - he felt the need to take a sideswipe at NWBO as part of the analysis. Lots of 52 week lows being put in by cancer vaccine companies but other biotechs are suffering also - BMRN and VRTX are getting slammed.
I had a slightly different take when I read that NWBO hired a cybersecurity expert. I read this as an admission that there might have been breaches to NWBO's information security above and beyond what may have already been known or suspected. And to take it to its logical conclusion, the information spread by Phase V and others may have more credibility / substance than shareholders care to admit - regardless of whether they were obtained legally or not. And that leads to a follow up question - out of all the information spread by the cabal of short sellers, what scares the longs on this message board the most if it were found to be true?
For full disclosure I own 15,000 shares of NWBO at $2.52 although I am not necessarily a long term holder.