NorthWest Biotherapeutics Inc (NWBO)

[Ready4bluesky]

“If a drug in a trial is working, _______ would know about it and they would be betting the farm and the stock price would be soaring.”

I don’t recall anyone around here saying the price would be soaring if insiders were buying. Please correct me if I’m wrong.

I would like to fill the blank in with a couple of groups and see where this goes. I totally disagree with your opinion regarding company executives. Granted, I probably haven’t been around as many wealthy people, so I may not be as intimate with their outlook on life. I have observed a fair amount of executive behavior in the market, so I’ll base my opinion on that. Here are a few large insider buys for the month of September.

online.wsj.com/mdc/public/page/2_3024-insider1.html

You will find large public company insider buys any month you want to look at. Now, I’m guessing most of these folks are probably already very wealthy. Yet they are buying stock in their company. Why is this? Maybe they feel the stock is undervalued and is a good investment. Maybe they want to instill some investor confidence with their actions (hey I believe in the company and you should too).

There are many reasons why wealthy company execs buy stock on the open market and it happens all the time. Of course they are not hovering over the stock price hour by hour and that isn’t the point. If you can find me any evidence of a wealthy CEO, CFO or any other board member that has said,

“wow our stock is a steal right now! We have huge catalysts coming in the next year it is going to soar. But really, I already have enough money, why bother buying any more stock.”

I feel your argument on this point is rather weak on many levels.

Now let’s try filling in the blank with some other entities you didn’t mention; large investment firms, financial companies, hedge funds, wealthy individual investors. If they knew it was working (or not), would they be betting on it or against it? Absolutely! Of course they would be. They want to make money. So how would they possibly know what is going on in an open or blinded trial? Surely they don’t have people on the inside that would be sharing this information, that’s just a conspiracy theory right? Well unfortunately not:

www.sec.gov/News/PressRelease/Detail/PressRelease/1370541857556
and

www.sec.gov/News/PressRelease/Detail/PressRelease/1370541541673
and

www.sec.gov/News/PressRelease/Detail/PressRelease/1365171486118
and

www.sec.gov/news/press/2011/2011-91.htm

I could go on, but I think you get my point. Big money has contacts everywhere. Sometimes they get caught, but most of the time they don’t.