NorthWest Biotherapeutics Inc (NWBO)

[Doktornolittle]

I think most die-hard longs are in deeply. Hopefully not the farm, but deep enough that they cannot lift the SP at this point.

I think there is a chance of failure, but as you say, that is par of the course. I think the low cap really is due to very large $ not wanting the company to succeed. I used to think that was BP and or Hedge Funds, but after reading the recent write-up on trial costs that RK posted, I wonder if it is the insurance companies that were behind Phase V and other such efforts.

A big fish wandered onto the board a year or so ago and said that the lack of interest from many institutions was the unusual relationship between LP-NWBO and ... LP-Cognate. He did not say that the concern was the chance of failure.

That relationship with Cognate should worry people. Posters have said they see the recent arrangement as posturing against a takeover. It might be, but how do they know that LP is not just planning on taking Direct private? I think their biggest consolation is that Woodford is powerful enough to prevent it, if it would be illegal. And my guess is that it would be illegal. My residual concern is that she could work out a deal with Woodford, or all the institutional investors and leave retail holding the bag. Companies do it all the time. People are trusting that she would not do it to them.

I will not be surprised if LP turns out to be as trustworthy as most of the longs give her credit for... but if retail gets burned, it will be at least the third time in the last year for the small number of small-cap biotechs that I watch.