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Re: Poor Man - post# 151947

Friday, 01/05/2018 12:24:28 AM

Friday, January 05, 2018 12:24:28 AM

Post# of 700350
I myself looked into the offering, but said pass since I had already taken a tax loss earlier to offset substantial gains in FOLD, After long deliberation I decided erasing my tax bill was worth letting go of stock at what amounts to about a $2 wash price for NWBO.

Thus buying series B was a tricky move to pull off. Now, although my dad too is an accredited investor, it was theoretically possible to pull off a purchase, but the short timing made it damn difficult.

I offer this because I bet several well financed longs were in a similar boat. They saw the opportunity to trim a small piece of NWBO off to offset gains earned elsewhere, and were thus challenged by the timing of the offering. The accredited requirement limited the pool and also biased towards more savvy individuals who play the tax loss swap game.

I am not surprised by a smaller than full allotment, and am hoping to buy back up in the market if the news holds off for my 30 day window. Good news is my remaining share price is now $0.58 after selling those 2014-15 shares. I am a short way to,profitability and a short time from cancer-curing wealth.

Wisconsin-turned Michigan, now Colorado Dendream
"Dreaming about a future with some cancer cured while I ski the slopes in winter and the lake in summer"
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