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Friday, June 08, 2018 9:43:09 PM
What about a "peer reviewed major publication" and publishing takes 6-9 months? They turn around within a month on the JTM. Crickets and we are all left to wonder and speculate.
What about the 90 day investigation conducted by the company?
What about the string of PRs Les said would becoming out in January a few years ago? How about the string of PRs leading up to the ASCO conference?
What about an announcement on the lawsuit against the manipulators that Les has been promising as one of the string of 4-5 PRs to several investors including myself?
What about the follow up at ASCO on the refresh data promised by Les to several investors including myself? Why no word as to when it will become available and communicated as an update?
What about the announcement of having reached 233 OS events which Les said was a material event? Again, he said this to several investors including me.
What about the wishy-washy statement by LP that " we HOPE to announce "business matters" within a few weeks? Another carrot dangling in an attempt to salve investors' disappointment at ASCO? Is one of these "business matters" another raise? If the presentation were geared to generate excitement on Wall Street, as one of the publication's objectives undoubtedly was, it had the obvious opposite effect. LP had a stellar chance to build excitement and raise the pps for what is sure to be yet another fund raising, now no doubt upon toxic terms. No wonder several large investors that I know are frankly pissed. And with good reason. She blew a major opportunity and again wasted money on a large booth with only depressed pps to show for it.
I could go on, on and on, on the over promises and undelivereds. On telephone discussions with Les, the conversation is always steered to nefarious forces and huge naked shorting. These forces are the ones responsible for the pps tanking. It has nothing to do with management lack of transparency. Just check all the material on the website Les exasperatingly declares at the end of a long winded and vitriolic telephone lecture. No, it is never the fault of management and there are good reasons for the "lack of transparency"..... just think about it and if you can't figure it out, I can't help you paraphrasing Les. Well obviously these materials have not gotten the message across to enough investors/Wall Street. Don't blame it on the investors. If what you have ain't working, change a losing game. Insofar as management is concerned, it is every body else's fault and not their's. That a poly-si major can run rings around a magna cum laude Harvard law graduate and a former senior partner of Sadden Arps is just inexplicable.
Bottom line, I believe that NWBO has done more to hurt themselves and their investors through their "turtle-like" withdrawal and excuses wrt transparency and failures to deliver. Les has never met a deadline that he liked. I believe in the science and I believe we are sitting on a pot of gold. Management ineptness is resulting more in turning treasure into fool's gold. Unfortunately, we are stuck with LP/LG and will never reach full potential as an investment. Unless, of course, they wakeup and start communicating. What are the odds of that before we go to single digits? Then, ultimately, approvals will result in the pps once again reaching current levels after successive toxic dilutions.
Sorry to vent. I am a long suffering long who is excited by the promise of this science, but highly disappointed in amateur hour management.
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