Ok well let’s read it again.....it quite rightly needed reporting in the 10Q but they confirm that the SEC after looking into a broad array of issues are winding down their investigation but they have two areas of concern relating to internal controls over financial reporting and the adequacy of certain disclosures. Mgt believe all their disclosures comply with the law.
“As previously reported, the Company has received a number of formal information requests (subpoenas) from the SEC regarding several broad topics that have been previously disclosed, including the Company’s membership on Nasdaq and delisting, related party matters, the Company’s programs, internal controls, the Company’s Special Litigation Committee, disclosures and the publication of interim clinical trial data. Testimony of certain officers and third parties has been taken as well. The Company has been cooperating with the SEC investigation. As hoped, the investigation is winding to a conclusion. After investigation of a broad array of issues over the past two-plus years, the SEC Staff has informed us preliminarily that they have concerns in regard to two issues, relating to the Company’s internal controls over financial reporting and the adequacy of certain disclosures made in the past. We have previously disclosed material weaknesses in our internal controls. As for disclosures, we believe our disclosures complied with applicable law. Despite our belief that the Staff should close the investigation, there can be no assurance that the Staff will not recommend some action involving the Company and/or individuals. Given the stage of the process, the Company is unable to provide a current assessment of the potential outcome or potential liability, if any.”
It obviously suits a narrative if you do not want to see NWBO succeed and thus you see the likes of Adam F attempting to portray themselves as genuine -
Adam F on twitter and retweeted by MaxJacobsEdison a CFA with a serious conflict of interest.
“SEC likely has evidence that both violated securities laws with misleading, false statements regarding conduct/outcome of clinical trials. For starters... Ph3 study failed, no disclosure. $NWBO You disagree?”
Has Ph3 study failed? It’s blinded. Between Max, Adam, Jacob Plieth, Tom Mathies and a few others on twitter would all have you believe it has and constantly point out this company will run out of cash or DCVax-L is no more than grapefruit juice or they mock long shareholders if anyone challenges what they have to say and failing that they block them on twitter so to keep their message front centre on social media .....if I recall every lawsuit against the company and or Mgt has failed, no charges have been laid against the company by any regulatory authority and while they are under intense pressure and scrutiny the Mgt of NWBO refuse to lay down and accept defeat.....patients are living longer and time is running out for anyone sitting on a large naked position.
AI
