InvestorsHub Logo
Followers 63
Posts 13745
Boards Moderated 0
Alias Born 01/05/2003

Re: iconoclassic post# 364583

Monday, 07/07/2014 1:47:20 PM

Monday, July 07, 2014 1:47:20 PM

Post# of 376167
NWBO bit recovery off neg news
6.61 -.53 -7.4%
13.45 ET
Shares of Northwest Biotherapeutics (NASDAQ: NWBO) are lower by nearly eight percent after activist investor Richard Pearson released a bearish article on Seeking Alpha stating the stock has been inflated by the company's promotional efforts, utilizing ties with MDM Worldwide and Redfish Creative to publish positive news on the company that Pearson claims was misleading to investors.
Pearson cited that in the writings of promotional articles, the firm Redfish Creative used bulk pricing on Northwest Biotherapeutics with mass message postings on Yahoo's comment board. Other incidents were reported with the company's promotional efforts, such as reports of paid authors using fake credentials in healthcare or finance, along with made-up identities.
Similar claims were reported in a June 19  article published by The Street's Adam Feuerstein . The article titled "Prestigious Cancer Hospital Rebukes Northwest Bio for 'Inappropriate' Data Disclosures," stated in Northwest Biotherapeutics promotional efforts, the company made unjustifiable claims in relation to DCVax-Direct, a cancer vaccine.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

~ Thomas Sowell

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.