NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

If we inferred scienter from every bullish statement by a pharmaceutical company that was trying to raise funds, we would choke off the lifeblood of innovation in medicine by fueling frivolous litigation — exactly what Congress sought to avoid by enacting the PSLRA.

It's worth repeating that Linda and Les never meant to knowingly mislead. I know for a fact that they and others at the company believe NWBO has a very effective treatment. But their enthusiasm left the company exposed to this kind of legal attack. This is likely the reason why NWBO pretty much shut down much of their PR and showed little effort to defend themselves against the efforts by The Street and others to attack the program.

At this point, NWBO does need to re-engage with the investment community and promote what's going with the company.