Thursday, April 05, 2018 4:34:53 PM
From VUBRU post #165312
Good Guy - Understand your sentiment, but it doesn't matter whose fault it is. The end result of too many No votes would be BK. Saying you helped cause BK for the right reasons still means you are broke, and consciously chose for that avoidable consequence to happen.
From Biosectinvestor post #165289
More info is good. Always appreciated. It’s not relevant to this vote however. You’re either voting to give away your equity in bankruptcy, or not. That’s the current choice, that is virtually always the choice with these tiny, early stage, no product or single product start-up microcap biotechs. There’s no surprise or mystery to the nature of such votes or what happens.
It’s like putting a gun to your own head and threatening everyone, “If I don’t get what I want, I’m gonna shoot him (or her)!”
From Biosectinvestor post #165289
You’re authoring 1.2 billion. That’s not the recent dilution.
From Biosectinvestor post #165289
It makes sense when one has a desire to die and take everyone with them, but not so much with investments...
By the way, it won’t work to harm anyone you want to harm, as some of those people you want to show how powerful you are, will benefit from the short-sighted choice.
In another case I recall where shareholders were worked up into such a “solution”, unexpectedly, after the bankruptcy, a Japanese company came and bought everything for far, far less than the shareholders thought the company was worth, and then out of bankruptcy, they did not get much if anything.
They sued, of course, at their own cost, and immediately lost, because it was a dunderheaded move. But hey, it felt good when they did it.
NWBO PR'd an internal investigation in "90 days" 2 years ago, the trial OS threshold in "several months" 10 months ago, a "multi-month" process to move to datalock 10 months ago. Why can't they provide the info?
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