NorthWest Biotherapeutics Inc (NWBO)

[Pyrrhonian]

Last thought I'll leave you all with (the weather is much too nice):

Have any of you seen a stock, especially a biotech stock, get pumped before? Do you know what it looks like? Usually single arm survival data and lots of promises via an assortment of PR campaigns with management never missing an investor conference.

If Woodford wasn't forcing the pps up to get his 2.5 million shares via $7 calls, forcing some short covering (aka buying) along the way--though I'm sure less than he had hoped--do you think the market would value NWBO as it does today? Or would it be closer to the value it had in Dec/Jan when SITC had not long before had an at least "interesting" DCVax-Direct poster and everyone was being told 18 months mOS for the "sickest of the sick" in the info arm and everyone knew Woodford was on board and would continue to invest/finance operations? The picture between then and now is either about the same or even a little brighter then, imo. The current pps has by all appearances been artificially pumped.

If you think these $9s will be supplanted by a higher pps you will need additional institutional interest, which means you will need strong data. Whether you know it or not, it won't come from Direct Ph I or anywhere else out of NWBO trials for a while. They can only maintain the facade that "something big is coming just around the next corner" for so long.

Retail is in until AACR and maybe ASCO. Then many will probably move on. Woodford is limited in his buying going forward and has to basically sit on or else start selling some of his massive pile of shares (he can start selling his $5.79s soon, if he likes).

When you try to make a case for $15 now.. you just can't (it's almost challenging to make the case for it upon approval, as I showed, fully diluted).

It's been pumped without strong data. Just manipulative buying (that has basically passed now) and a new series of hooking promises--leading statements on Direct patients and whole group data forthcoming, for example "end of March" as the first planned faux pas.

Do you think the bears see no opening coming up? Do you think they would like to lay into Woodford, especially since his hands are going to be somewhat tied for a while?

Just one man's opinion. That's all it is. But maybe it will make you look a little harder at your investment, and that can't be a bad thing.

GL, sincerely.