NorthWest Biotherapeutics Inc (NWBO)

[longfellow95]

GGB, like most everybody else, I share your frustrations.

But specifically on the 'investigation,' they stated it would take 'at least 90 days.'

Well, that has proven to be correct, as far as we know. It has taken at least 90 days!

They did not give a timescale for reporting on the findings of the investigation. They did not make any commitment to publically reporting the findings at all, as far as I'm aware.

And they did not make any clear statement about the terms of reference of the investigation.

It's interesting that you called it an internal investigation.

I don't believe they called it that themselves.

And I doubt very much that it was LP's intention to just review their own internal processes and related party transactions.
If I read LP correctly, she wanted the investigation to look outwards and go after the external forces attempting to damage NWBO.
So that would include Phase V, and the shorting 'machine' that uses the well known modus operandi to attack small bios such as NWBO.
Would you employ Cofer Black and Charles Price to just review internal operations? I don't think so.

In fact they stated why Charles Price was appointed:-

Mr. Charles Price has been engaged to be available as a resource for the independent investigation, and to help seek action by the authorities in regard to manipulation of the Company’s stock. Mr. Price is a highly decorated, nationally recognized former FBI Special Agent and certified public accountant (CPA) who retired from the FBI approximately a year ago after a 28-year career with the Bureau,

So if that was the overriding task of the investigation i.e. to look for evidence of illegal manipulation, then what would they do if they came up with a file of evidence? They would hardly release it in a PR.
What you would expect them to do?

Well, I would expect them to turn over their findings to the relevant authorities, which we might expect to perhaps include the SEC and maybe the FBI, and in their words 'seek action.'
At that point, they would be placing themselves in the hands of those agencies, who would take whatever action they saw fit, to their own timescales, and probably with a requirement on NWBO to stay silent.

With Cofer Black expecting an active response, I doubt the enforcement agencies would do nothing.
But who knows?
Maybe there hasn't been any illegal manipulation...

So, we may or may not eventually hear something, but if we do, I doubt it will come in the first instance from NWBO. Though they might seek legal redress from the offending parties eventually.

I do agree with JRIII to some extent.
They should probably resist making statements which, though well-intentioned, heighten shareholder expectations, and then they find themselves unable to deliver.

I'm thinking of the Investigators publication report thingy. Better Marnix Bosch hadn't mentioned it. At least until he could say with some certainty when it would arrive.
But then, MB is a scientist, he's not in charge of PR and investor relations.

With no 'staff' to speak of, there are going to be shortcomings unfortunately.

MB has his work cut out with primary responsibility for all regulatory submissions, and all the planned new trials.

And if he can do all that successfully, he will have earned his stock options.