Wednesday, June 22, 2016 2:23:13 PM
Mr. Woodford did buy at the higher levels and both you and kabunushi are pointing to the probable reason NWBO did not do a major financing with another party when the price was near it's high. Creating a sense of financial security and perhaps dependency before pulling the plug on financing is another way to attempt to gain control of a company. A ramp up of expenditures through manufacturing build out and hiring quickly escalates cash burn rate. Then when the cash is cut off and people need to be paid the amount of time needed to cause bankruptcy is reduced if delays continue and favorable financing is unavailable. The "death spiral" is quick. By iclight's own admission Cognate should have some cash on hand right? Will Linda go "all in? Stay tuned. LOL.
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