NorthWest Biotherapeutics Inc (NWBO)

[learningcurve2020]

FiduciaryDoozy and I learned our lessons the hard way, believe me. At this level of investment there doesn't appear to be any rules on the books to protect shareholders from abuse by management. And Delaware law evolution really made it all much worse then when we first started out investing more than thirty years ago. Management now basically has a get out of jail pass for almost any offense.

Then you have government regulation, which I believe makes things worse too, as it lulls investors into thinking someone has their back when, in fact, it all becomes "pay to play". Think FDA in the name of research taking investors for every penny possible.

Naked short is a prime example. Government has done little while claiming to clamp down. It's really up to management and shareholders to fight it, assuming they are not part of it, of course. The destructive behavior has been around a long time now so there's absolutely no excuse for not countering swiftly.