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Re: Sub Atomic master post# 46352

Thursday, 12/03/2015 10:25:04 PM

Thursday, December 03, 2015 10:25:04 PM

Post# of 732905
You may have misinterpreted the word "punt." In the UK, I think it refers to a bet; it is not as in USA football when you give up the ball by kicking it back (i.e, closing your position). Read Woody's words again, he is committed to NWBO: "

Star fund manager Neil Woodford has launched a defence of his punt on a US biotech firm that is estimated to have lost his investors £38million.

In a letter to investors in his £8billion Equity Income Fund and Patient Capital Trust, Woodford said it was too soon to say whether the £120million bet on Northwest Biotherapeutics had gone badly.
The firm is accused of financial irregularities and Woodford has appointed a former FBI agent to its board.

Woodford said: ‘With some early-stage investments not everything will go well. It is too early to pass judgment on Northwest, but we have hit a bump in the road that needs to be addressed.’"

Also, who listens to Tortuga or relies on him for investment advice? Everyone else has him on ignore.

safin

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