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EVERYONE READ THIS:
Yeah, because the PR person has been so forthright and reliable. What that statement tells me is that the trial failed but they are desperately trying to find some way around it, some way to salvage 16 years of a colossal f--- up. That's what I have been telling you for a long time, and everything I have said is gradually, ever so slowly, materializing. They've known the trial failed for six years, since 2015, and not just since they became unblinded. The unblinding just confirmed what they already knew. So they are trying to find some backdoor way to approval for at least some application of the vaccine in some limited circumstance. That's what the DI quote tells me.
It also explains why they can't tell us what is going on. Because, as others have pointed out this morning, there's just no reason that they promised TLD three times in 2020, and even put in writing that they expected to release TLD by the end of September 2020, and then never told us why they didn't release TLD and just pretended like the whole thing never happened. And here we are 13 months later with no explanation beyond cryptic references to waiting for publication and whining about COVID delays that no one believes. If they expected TLD in 2020 and then something unexpected came up that was legitimate, there is no reason why they couldn't just tell us what that was. But their silence tells you everything. They saw the data, they are scrambling, and that is why they don't want to say anything. Everyone here knows this explanation absolutely makes the most sense. Everyone here knows they are unblinded. And everyone here knows that if the data were really good they would have announced it a long, long time ago. This is all just beyond obvious.
BTW, I heard from someone I know who owns a lot more shares than I do and they said they just filed an official SEC complaint against the company for withholding material information. I doubt the SEC will be interested, but just the fact that NWBO has been in the SEC crosshairs for so long might spur the SEC to at least make a phone call. And if that happens, who knows where it might lead.
There are probably a ton of stop-losses set at $1.00, so this could get ugly quickly. This company is a disaster, and the people running it are liars. At least some people seem to be picking up on the fact that the people running NWBO can, and will, play this game potentially forever. Because that's all it is, a game. The Phase 3 trial for DCVax-L is a red herring, a shiny object, a distraction that is allowing them to continue raising money. They have already proved to us that locking the data means absolutely nothing. That was just another tease to keep the hook set. They are going to drag this out as long as they can and continue to let the promise of imminent data stand as an uncorrected lie while they profit from money raises and warrants cashed in. We all know, whether we are willing to admit it or not, that if the data had been really good they would have already released it. We know that because, well, it's just true.
Looks like you are about five months behind on your reading. Those articles from June about how TLD is imminent are just as relevant as the articles today about how TLD is imminent, and all of the articles over the last 10 years about how TLD is imminent. What a joke.
Keep dreaming. They said they were going to announce TLD in September 2020. They didn't. This is a scam, and yet people will still be predicting the next conference, the next publication, and connecting all the new dots that come along and talking about how everything is lining up perfectly until we're all dead and gone. Some of us have been through these cycles before. We know how they end up, every time. The people running this company are liars, and the reason they haven't released TLD is because it's bad. They are hiding the data until they get certification on their manufacturing operation. It really could not be more obvious. This. Is. A. Scam.
The license was granted to Advent, just like the MHRA certification will be granted to Advent. And yet, there are some here who still think that these events somehow benefit NWBO and will result in the NWBO share price going up. Uh, have you folks really thought this through? Apparently not because Advent doesn't pay NWBO jack shit. It's the other way around, folks. NWBO pays Advent, and has paid them an extraordinary amount of your shareholder money over the years. And now you are seeing the fruition of what you paid for. You are seeing the final build-out of a private company owned by Linda Powers and her husband that you paid for! And it's going to benefit you how? Oh, that's right, it's not going to benefit you at all. Because you are an NWBO shareholder! It might benefit you if you had a product to manufacture, but you don't! She used your money to build out her manufacturing operation, knowing all along that the hugely important Phase 3 trial for her public company (NWBO, you know, the one that she uses to fund her side projects), failed six years ago! You all paid for this facility to be built even though there's not going to be an NWBO product manufactured there except in extremely small quantities.
It's really amazing. She has already done this to NWBO shareholders once before, and now she is doing it again! You already know what she's going to do because she did it before. It's just incredible to see folks sitting here watching this going, "Argle bargle can't wait for the publication to come out, argle bargle, maybe on monday, argle bargle". Too funny . . .
This is all great. So why are they refusing to release the data and a PR confirming these things? Why have repeatedly lied to shareholders about where these things stand?
Doesn't make any sense to me. Makes you think that maybe these things aren't quite what they seem and that the alternative explanation, that this is all just scam, is the more plausible theory.
How long are you going to keep saying these things until you finally admit that it's all a lie? They are not doing any of these things. The only thing they are doing right now is trying to figure out how to get more money. That's all this operation has been about for the last six years - finding ways to get more money.
Their press releases are lies. Their public statements at ASMs and in private conversations with shareholders are lies. They told us three times in 2020, including in writing, that they were going to release TLD. But they never did, and they never gave us any explanation for why they didn't. We all know that if the data had been good, they would have released it. But we are now more than a year past when they allege that they locked the data, and the company is in hiding. That's right. They are in hiding! That's what sham companies do. That's what dishonest thieves do - they go into hiding. It's not what honest successful people do when they have remarkable trial results to share with the world. We all know this, so I just want to know when everyone else is finally going to admit it?
Look, I don't like it any more than you or anyone else here, and that's the honest truth. I still own a healthy chunk of this stock, and right now I am just a little under break even. It's just that a few years ago I finally accepted what is really happening here. Eventually everyone is going to understand the truth. I wanted this to be a success. I wanted it to be a legitimate answer for GBM. I wanted to get rich watching this stock soar into the stratosphere. But at this point I think we all know that's not going to happen. I mean, come on. It could not be more obvious that this whole operation is a scam. They have been lying to us, and now they are refusing to release the data. The chief scientist behind the technology has disassociated herself from the company. It has become an embarrassing situation, and yet people still pretend that all of these fantasy objectives and goals are all being lined up "behind the scenes" so that they all can be sprung at once in some cosmic cancer-curing, wealth-building orgasmic explosion. As if any of NWBO's long-hyped behind-the-scenes activities have ever panned out even once. It's a joke. We have been doing this for years and years, and nothing ever changes, none of the ideas people have about what they are doing and what they are planning ever turn out to be true, and without fail the actual truth of what is happening behind the scenes always comes down to their simple need to raise more money, dilute shareholders more, and take on more debt. That's what is happening, and you can count on it.
The Flaskworks device is a red herring, another distraction meant to stir message board discussion and steer eyes away from the fact that they are refusing to release TLD on a 16-year-old trial that they allegedly locked data on more than one year ago. And when conversations turn into lengthy arguments about the merits of a technology device for which we don't even know if there is a working prototype, regulatory approval, or a means of production, and that Corning was willing to unload for a paltry $2 million, it becomes increasingly clear that all of this seemingly serious chatter is really just part of the NWBO PR game. For the longest time I thought the NWBO PR game was limited to a few of the more transparent types, but in the past year I've come to understand that the game is much more subtle, and much more widespread than I initially believed. It's a long, long game, and some of those involved play it very well.
But what it all amounts to is that NWBO continues to be nothing more that another biotech scam, plain and simple. There have been hundreds of examples over the years, and this one just happened to take a lot longer than most because the scam artists in charge have been exceptionally skilled at raising toxic money and using their PR apparatus to create an endless string of red herrings (distractions) on message boards. It is time for this scam to come to an end. It is time that all shareholders woke up and finally admitted what they've known in their hearts for a long, long time.
There seems to be this great confidence in all of these things supposedly taking place behind the scenes that are all coalescing into stunning trial data matched with a turn-key manufacturing operation for soon-to-approved DCVax, both L and D, with all of the regulatory aspects accounted for and neatly snapped into place.
It's all a lie. It has been a lie for years, since they first found out they botched the trial for DCVax-L but inexplicably decided to just keep it going for another six, seven, eight, or who knows how many years it will turn out to be. All of the imagined great things this company is working on behind the scenes never ever materialize. Do you have any idea how long people have been talking about these amazing things happening behind the scenes and never once have any of them ever turned out to be true? They never have and they never will, because it's all a lie. Do you know how many years we have gone through the cycle of talking with bated-breath about 1) The ASM, then 2) ASCO, and then 3) SNO, with god-knows how many other conferences and public speaking engagements, papers, publications, journals, Lancets, New England Journals of Medicine, and so on and so on, ad infinitum, with none of them ever once happening or being the least bit real? It is just beyond ridiculous that we are still doing this!
And everyone needs to temper their excitement a little bit and get some perspective about what Flaskworks really is. The discussion here, fueled by Michael Bigger, is just out of control. First of all, Michael Bigger is in this for one reason only. He is trying to steer the share price higher by whatever means he can. He pays a hack doctor to write pseudo-science papers about DCVax hoping it will boost the share price of NWBO so he can cash out the millions of shares he mistakenly bought. That same hack doctor would endorse any drug in the world for the right price. None of this attempted market manipulation has worked, so now he is trying to hype Flaskworks. The Flaskworks device is a rinky-dink machine created by a college professor that NWBO bought for $2 million, which is practically nothing. That's because Corning determined it's a useless device that has no practical application in large-scale manufacturing. Corning was happy to unload it for whatever anyone would offer. Seriously, they sold it for $2 million. Doesn't that tell you anything? Is there even a working prototype of this device? How many of them even exist? The device isn't approved for DCVax, and there is no platform or means for actually making more of these machines. Seeing everyone put their hopes and dreams into Flaskworks is just a joke. I mean, it might work one day, but we are years and years from that ever being reality and the fact is, NWBO doesn't have years and years.
It is time for people to get over this insane delusion that there is a pot of gold at the end of the rainbow when there isn't even a rainbow. This company is run by liars, and they are taking advantage of the myopia around GBM to scam shareholders. It is amazing to me that they have been able to sustain the illusion that something "huge" is coming by saying nothing at all, and then every few months or so, uttering a lie about when they expect to release TLD. But this has been going on for years and years now and nothing ever changes. They've been talking about TLD since way before I first invested, and that was eight years ago. But TLD never comes. There is nothing concrete with this trial. Never has been. In 2018 they released an interim data report that was so woefully insufficient that it was embarrassing. It didn't even address the primary endpoint of the trial! Many took that interim report to be concrete evidence that DCVax is a success, but nothing could be further from the truth. The data in that report was 100-percent meaningless.
We continue to be bombarded with message-board fantasies about how "everything is lining up" when everything has supposedly been lining up for well over a decade. We also continue to see these ridiculous anecdotes about GBM patients supposedly cured by DCVax. Maybe they were, but these anecdotes don't have a damn thing to do with whether NWBO's Phase 3 trial can successfully prove efficacy. This is a failed trial, and that is because the company and the trial administrators botched it. It is so obvious. The company, starting with the CEO, lied to us three times in 2020 about releasing TLD. Then they said they locked the data on Oct. 5, 2020, before cowering in a shell of silence for more than a year. It just couldn't be more obvious. This is not how a successful drug trial proceeds, and everybody knows it. If the data were really strong, we all know that they would not have been sitting on it for more than a year. It doesn't work that way, and companies just don't sit on successful products. I don't care what other extenuating factors there are, they just don't. And I don't care what anyone else here has to say about "nuance" and "context", those are just more excuses for failure. Data speaks for itself. It really does. That's the beauty of cold hard data - it can't be bullshitted by liars. Data is what it is, and you either hit the target or you don't. If your data is good, there is absolutely no reason to sit on it. If, on the other hand, you continue to insist that the data requires nuance and context to be understood properly and so that it is not torn to pieces by the short bogeymen, then you are talking about trying to spin and cover for failure. Data speaks for itself.
Wake up people. You are being scammed. This trial is a scam. And the people who run this company are scammers. There is no pot of gold, and they are going to keep dragging this on and on and on as long as they possibly can. It's time to put a stop to this nonsense. It's time to get real and hold these people accountable for what they have done.
Do you people not understand that Dr. Liau has nothing to do with NWBO anymore? She has distanced herself from the company. She will not mention NWBO at all, and hasn't mentioned the company in any presentation she has given for quite some time now. Do you not see that? Can you not pick up on her obvious distaste for what has transpired with NWBO's trial? She is not happy about it and gave up on it a long time ago. That's why she doesn't mention the company at all anymore. She used to talk about NWBO all the time. Not anymore. She is doing her own thing now, and that is all she is focused on. So why does every appearance she makes get posted here with breathless excitement as if she's going to go up there and present TLD? Do you really think that's going to happen? I mean, to think that Dr. Linda Liau is somehow going to offer some remarkable insight on NWBO's Phase 3 trial is total detachment from reality. She's not. It's not going to happen. I'm not sure she's even in the loop on what is happening with the trial anymore (assuming anybody is) because she doesn't care. She knows this trial was over a long time ago. It's a fail. A bust. And the company has known it for six years.
The talking points obviously went out this morning that today's gaslighting assignment will be about defending company management. After all, it's not their fault. Nothing is ever their fault. In fact, they are perfect. Everything is going perfectly and according to plan. That's why they are refusing to release the data from a 16-year-old trial. It wasn't their fault that the CEO told us at the 2020 ASM they would be locking data by the end of May 2020 and would release TLD in late June or early July 2020. It wasn't their fault that they later amended that timeline, with no explanation, to a release of TLD in September 2020, which they put in writing. And it wasn't their fault that they then, oddly, and again with no explanation, told us in October 2020 that they had locked data on or around Oct. 5, 2020. And it is certainly not their fault that we are now sitting here more than a year later with no TLD, no explanation, no update, and no forecast for when we can expect anything at all. These things are not their fault, because everything is perfect, and if there is anything that isn't perfect then it must be because that thing is out of their control. If that thing were in their control, then that thing would be perfect, too.
The gaslighting is thick and heavy today, likely because we are drawing ever nearer to the end game when this shitshow scam is finally exposed for what it is. That's when the gaslighting ends, and those of us on the side of truth will move forward with holding the liars accountable. It looks like they are now starting the game of trying to cover their tracks and deflecting blame. It's not going to work. They are all 100-percent responsible for this mess.
I hope you are right about all of these things. I sincerely do. I would say, however, that if you are basing your assessment on a logical view, the odds of any of these things actually being true and/or coming to fruition is somewhere between 0-10 percent. That's the way it is with this company and always has been. Those of us who have been around a while know that every single grand expectation we've allowed ourselves to entertain has manifested a thoroughly disappointing reality. Every single time. And that's what logic says is going to happen again.
The people running this company are an embarrassment. They really are. How else can you explain their telling shareholders three times in 2020 that TLD was coming in short order? How else can you explain their history of promising TLD multiple times at various intervals over the course of the last 15 years? How else can you explain the myriad missteps, letdowns and Big Biz appearances over the years? How do you explain literally every bit of trial guidance they put out being outright untrue? It's just insane, and has no rational explanation other than a) they really just don't know what they are doing, b) they are lying crooks, or c) some combination of a and b.
I am all for relying on logic to assess this situation, but I would say that some logic is more logical than other logic.
What TLD? There is no TLD. This company allegedly locked the data on this trial almost exactly one year ago! So why haven't we seen TLD?
I will tell you why: because TLD is a red herring. It is a shiny object intended to keep everyone's attention and focus away from what is really going on. This company has no intention of releasing the results from this trial. They've known since 2015 the whole thing is a total failure. That's why they changed the whole direction of the trial. That's why they changed the endpoints. That's why they are using historical comparisons. This trial is a failure. Why else would they have taken the steps I just described? That is a serious question that no one here wants to address. Why would they have changed the whole direction of the trial, changed the endpoints, and switched to historical comps unless they knew that things were really not going well? I mean, it cannot be more obvious. You don't make those kinds of changes unless you know you've got a major problem. Is anyone here really going to deny that? (Answer: of course they will!)
So what you have is a company sitting on what they know is a failed trial, but they continue to be able to raise money so they just keep things going and going and going, as long as they can. They are able to do this because they have managed to sustain this belief among crazy people that they are actually sitting on a cure for cancer, and the news of this game-changing cure is going to drop "any day now." They have been aided in the continuation of this belief by a carefully orchestrated under-the-table PR effort. Of course, "any day now" has become a years-long mantra, and nothing ever changes and TLD never comes. Every so often the company will throw out some interim data, or announce data lock, or promise TLD by some such date, just to keep the dream alive. Then they disappear and continue living their top one-half-of-one-percent lifestyles on the money they have raised, insider deals they have cut, and the sale of a company like Cognate that was built on the backs of NWBO common shareholders and netted the CEO many tens of millions of dollars but resulted in nothing for those same shareholders.
Now she is doing it again. Building out Sawston, getting it ready for another mega-millions sale that will further enrich the CEO but not the shareholders of NWBO. She has already done this once. We have seen it. We know what she is doing because she has already done it before! She might as well be yelling right in front of everyone's faces - "Hey look everybody! I'm building out Sawston and I'm going to sell it for many tens of millions of dollars just like I did with Cognate and you aren't going to see one penny of it!" But no one hears her because they are so focused on the red herring, the shiny object that is DCVax-L, the TLD that will never come.
What a disgrace. The company knows this trial failed. They gave up on it a long time ago and there has never been any actual dedicated commitment to concluding it and releasing the data. None. It's all a show. COVID became a perfect excuse to drag things out even longer. The main scientist behind the technology gave up on this trial years ago and is now running her own trials at UCLA because she knows nothing is coming from NWBO. She is not happy about it, either, and that is why she no longer will even mention the company's name. The company's PR firm, meanwhile, hires people to continuously distract (what is today's topic? The 4-day rule! What conference is NWBO sponsoring now? They're not a platinum sponsor, they are a titanium sponsor! How big is their booth? Where is Dr. Liau speaking today and will she drop TLD? Has anyone seen Dr. Duffy lately? He must be putting the finishing touches on the Merck buyout. New job postings out today! Let me share the transcript of my hour-long conversation with DI that's filled with just the right amount of tantalizing tidbits! Etc. Etc. Etc.). This is a complete coordinated scam and yet so few can see it. Of course, much of the denial is sourced in that under-the-table PR effort, so it's hard to tell what is real and what is not. Except in a few obvious cases, it's hard to tell who is a true believer and who is just doing the company's bidding.
But somehow the share price continues to stay above $1.30 for a company that literally has nothing. It's really amazing. This show is going to crash hard when it finally crashes. As I've said before, I would not at all be surprised if in the end we see people being led away in handcuffs. It's that bad.
I wouldn't be surprised if DCVax is discarded on the ash heap of history.
The people running this company are liars.
Why do people continue to trust people who have lied to them over and over again?
I have to say, this whole NWBO thing is one hell of a scam. In so many regards it has been played really, really well. After this whole mess is over and everyone has gone home, I really don't even know if I care anymore about getting back pennies on the many dollars I spent buying this stock. In the end, I think I'd just settle for knowing all the details of how they pulled the whole thing off, right down to the transcripts of DI phone calls posted in iHub.
I'll bet it's a fascinating story. Phase 5 didn't even scratch the surface of what is going on here.
The platinum sponsorship was a quid pro quo for the speaking slot last year. That's how it works. Every placement they've ever had they had to pay for, including the 2018 interim data report in the Journal of Transcendentalist Superstitional Fantasy.
This whole thing is a frigging scam, and the company is now in hiding. Anyone should be able to see they made all of those promises last year and then they got a whiff of the data. Oof. Time to go underground. You'd think for once they would do the right thing by posting the failed TLD, but no. They just can't bring themselves to put an end to it all. The people running this company are a total joke. Oh, and they are liars, too. Amazing it's taking some people so long to figure it out.
This really sounds like a company "highly focused" on releasing results, pedal to the metal. It's just amazing to me that there are people who still think this is going to turn out well, even as the company is telegraphing in the most overtly obvious way that this whole thing is a complete disaster - a total failure. They have been telling us this for years now - not with their words, but with their actions.
Their actions could not be more transparent. They gave up on this trial. They have moved on to new ventures, the biggest part of which is becoming a CDMO. I mean, what else could they do to make it more clear they are not releasing these results? How long are people willing to sit around waiting for something that's never going to happen? And if it does happen, it will be a simple quick-dump TLD statement that puts an end to this mess while simultaneously announcing the Sawston certification.
And what is this issue with RCT data? Why would NWBO not produce RCT data? I thought all of the data was fantastic, game-changing, new SOC stuff, so why would they not use RCT data? I thought the interim data released in 2018 proved everything was a slam dunk?