Perhaps they got a better offer. Who really knows anymore.
While I personally believe that management is one of the significant causes of market cap destruction, I do believe the science is good. As I have said in previous posts, the pub came out with very promising data. For both methylated and unmethylated broad categories. I don't know for sure but mesenchymal may be additive as it shares meth and unmethylated characteristics. So it is within the realm of possibility that DC Vax is very effective for 50% of the ITT. That is huge. I worked for a company that had super products but very stupid management. Despite management foibles, the products carried them through. I am confident that NWBO is one of those cases.
What I don't get is why large investors are not apparently upset with management and especially Les. While LP appears to have effective control, she cannot risk a significant minority shareholders' mutiny. Even LP and LG understand this. Their pub and ASCO strategies failed. They risk severe shareholder ire if they do significant toxic financing. What they probably will do is refinance the property at Sawston. Land values in that vicinity have greatly appreciated. I think the money they can get will see them through unblinding. The refi will put a floor on the pps because there will be no concern for near term toxic financing. Due to their financial situation, the 2018 data collection is it. Likely, unblinding will take place in November. They know they must prevent further market cap deterioration. That is why LP is under tremendous pressure to unblind. She cannot afford even the threat of major shareholder derivative suits. I firmly believe she is between a rock and a hard place. I think we will get news soon, probably by the end of the month or early August. Management knows that continual silence is not a very good option anymore if it ever was. They know if they keep silent until November the pps will be in single digits. They need to announce the lawsuit. They need to announce the refi. They need to share data updates. And they have to stop the stay tuned mantra. They need to stop talking privately to MB denizens and communicate like other professional companies do. CCs will do for a start. And LP needs to start being the IR person. Les is an abject failure at that and if he is so busy, where does he find the time to communicate to these anonymous ciphers? JMHO.
