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Alias Born | 10/28/2013 |
Wednesday, June 22, 2016 12:40:05 PM
That got to me, assuming you are right about the cash. But it took only a little effort to come up with a pretty reasonable explanation.
Cognate is owed cash. If LP knows anything good, accepting the share equivalent in cash might be insider trading.
It is not clear to me whether LP, as the Pres + CEO of NWBO could buy shares in such a situation, but I'm pretty sure that her involvement in Cognate would prevent Cognate from making any such deal.
Not saying this is the reason for Cognate taking only cash, assuming that is real, just saying that like everything else, there is a possible explanation.
Everything that is going on is consistent with NWBO sitting on very good news, or likely good news, and it is also consistent with NWBO sitting on very bad news, including this issue you brought up about Cognate being paid in cash. Further... what is so strange about being paid in cash?
Further, most think a regulatory decision is imminent. Nobody is arguing that there is certainty of a favorable decision. Cognate likely has many bills to pay, possibly in the immediate term. Maybe they don't want to be paid in Lotto tickets. They already have millions of those Lotto tickets.
Myself I want more Lotto tickets. I would gladly pay you on the first Tuesday of 2018 for all your warrants (at 15 cents each) today!
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