NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

The most effective lies are by omission or by stating the truth in a deliberately misleading way.

NWBO management would be fools not to know there was confusion and should have made a point of clarifying the issue and not, as you admitted, turn to omitting language that would have reduced ambiguity.

They deliberately used language to make it sound like the trial was nearing the end when in reality we were many months away.

The obvious conclusion is that they do not want their shareholders to understand what is going on but they want to cover themselves legally so this is how they give us the worst of both worlds.

Incidentally was a tactic used at Enron and at many other firms as summarized here and we know how that turned out for shareholders: