Thursday, May 19, 2016 9:54:10 PM
I beg to differ on this completely. This can easily be remedied. In fact one easy remedy which I think is the most likely outcome, is great for us minority shareholders and NW. That would be if NWBO has to rescind the entire MFN clause for Cognate, or at least limit the shares that could be issued to push the whole series of deals down below the 20% threshold. Some of Cognate's shares are vaporized so that the deals add up to less than 20% of the outstanding stock and bingo, problem goes away, the deals will be in compliance.
That would make everything fine with Nasdaq because the issue they have is that including the MFN shares in the original stock for partial invoice payments distribution pushed the deal to over 20% of the company's shares which you can't do without a shareholder vote.
Undoing the issue of the 'excess' MFN shares solves the issue with Nasdaq, and benefits all of us at cost only to Cognate. This will be a huge win for us, which the shorts of course don't want to admit is highly likely.
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