Careful wording. One can read it either way. To me it means the preliminary investigation is likely complete, recommendations were made, and those recommendations are being implemented. The NASDAQ issue is likely, IMHO, a consequential proactive step to effect fundamental change in the MFN clause.
Processing why NW suggested it was a prerequisite, a year ago, for NWBO to provide shares to Cognate before his massive funding last Autumn, it is my two cents, after some reflection, that he may have wanted to ensure the money he provided would not be going primarily to Cogante, but instead to Sawston and perhaps King's College. This may have caused a rebound headache for NW with the tiresome MFN, that is only now being ironed out.
Of course, if some posters are correct that May is installation month, it might explain the supposed reduced traffic of normal workers at the Memphis facility -- reported by one poster/bear on YMB. NW's continued belief in DCVax technology is reassuring, but how such technology might be "undermined" by "governance" issues is somewhat discomforting. Whatever steps are being implemented to remedy that appear to be a result of the investigation, imho.
Overall, I personally view his current skepticism at governance but optimism with technology to be helpful for any potential post remedy implementation evaluation and, perhaps, eventual rehabilitation of corporate credibility. No one wants a giddy NW cheerleading before said steps are both instituted and analyzed. The projection at this time is a steady hand trying to help right a ship, and at some point we will know if they succeeded.
There is no attempt by NW to boost the PPS before Russell reconstitution, and this does not surprise me with regard to NW's general aversion to following or supporting the herd. It also demonstrates he is not simply waiving pom poms to keep NWBO in the Russell.
This is all just my opinion, and therefore simply one onlooker's view.
Respect Risk. Conduct Your Own Due Diligence. Manage your assets wisely. Diversify.
