NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

Being a refugee from YMB, Enron is not a new topic to me.

Somehow I doubt that I am the first person you've ever heard counter the allegations that Ms. Powers is running an Enron like scheme (which was similar to Ponzi's in its ultimately sustainability).

Unsophisticated bashers bring up Enron, sophisticated ones talk about NWBO's relationship with Cognate.

I was rebutting both by choosing to address the former.

The line between creative financing and crooked financing is thinner than we like to admit.

Success or failure for one's shareholders also helps determine which side of the line one is on.

Whether you talk about Enron or Cognate or both, the discussion really revolves around the same question:

Is Linda Powers a crook?

I argue that no, she isn't.

Madoff may have looked like a subdued old man but the statements he made about his investor's earnings were flashy as can be and stretched the point of credulity.

Ms. Powers (and I am second to none in criticizing her hinting) has been much more restrained about earnings potential and much more specific about how we will make money when approval is won.

So I think that her intentions are good.

But if DCVax and NWBO fail, Ms. Powers will not escape blame for her financial creativity, the same creativity that would have been lauded or at least politely ignored if she had succeeded.

Escaping a lifetime of lawsuits and maybe criminal actions is a strong motivator for her to get this company across the finish line.

And that is what I am arguing she is working hard to do, for her sake, for the patient's sake and our sake as shareholders.