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Saturday, 11/24/2018 1:02:34 AM

Saturday, November 24, 2018 1:02:34 AM

Post# of 710754
So this latest 8K seems far more toxic than most here are discussing. Ultimately, even if successful, the warrants will bring us up to 1 billion or more outstanding shares when they are all exercised. Right now, there are 103 million options, but when all those warrants are issued, the options will double to 206 million imho (free shares for management). Seems like pure greed when they already received their allotment of options with everyone knowing the number of warrants (also mostly theirs) that would flood in. I suspect any insiders who might post here already know this and just want to move on. Nothing to see here? Essentially, they can dilute to their hearts content, and I believe some bears here, who I suspect with large ties, are actually happy about it, because the more % management/board own of the company, the less large pharma can buy it for. It seems like yet another case where retail gets sold further down the river. That's how it feels anyway. This seems a lot like that fiction (Yonemura case did away with) they used to use to grant themselves (aka: Cognate) shares when dilution occurred. Trying to remember the term of art, it'll come to me in the morning.

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