NorthWest Biotherapeutics Inc (NWBO)

[Pyrrhonian]

Adam is correct no matter what happens in the P3. When the pps is caught this low and no instys want in and you have to raise every few months or at best twice a year--then the float will grow beyond outsider investor's ability to capitalize on any catalysts.

Again, look at AEZS for an example of how this works. Was at $10, even after the P3 CRL (which btw was for a small indication, non oncology), and then slipped to $5. The expectation there and reason people stayed invested was the P3 in endometrial cancer with topline expected late 2016. That's their biggie (like the DCVax L is NWBO's biggie). And nothing at all untowards has occurred in that study (by contrast the DCVax L P3 has been on hold for some 10 months now). The AEZS P3 was and is still very much on track.

All the "bad news" appeared to be priced in. Retailers were increasing their stakes, telling other unwitting retailers to do the same (sounds familiar?). And what happened? They got fleeced, that's what. They were diluted from $5 down to $0.05--they lost 99% of their investment! Then 100-1 R/S and they were literally robbed. While this happened there were NO fundamental changes at AEZS. Yet investors thinking they found a great entry lost 99%.

Now what happens if AEZS is ultimately successful in their P3? Well more warrants exercise and the float swells again, and even if the pps goes up to $50 from here (at $3s now) those investors will still be down 90%. That's right--90%...

So Adam's right. This will get worse. They must raise soon. Fantasies of anything good happening in the P3 on hold are only that. All signs point to them seeking massive changes or else terminating the study. The $0.85 will be sold at $0.60 to the next financer, then $0.45 to the next, etc. No tutes want this. The increases you've seen are all from larger funds adding in an array of small cap bios and Russell stocks, which includes NWBO (who may be dropped from the Russel btw).

So at some point they will probably make a major overhaul and revamp NWBO. And you all will truly be "bag holders" staring at over 95% loses you will never see a profit on no matter how successful NWBO ever one day becomes.