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Re: biosectinvestor post# 212660

Wednesday, 02/13/2019 11:39:48 PM

Wednesday, February 13, 2019 11:39:48 PM

Post# of 711029
biosectinvestor,

I have an idea that the vote tells us roughly how many loose shares there are now. This does not mean that every one of these belongs to traders, those looking to take the first offer of valuation or do harm but I figure around 45,000,000. Once warrant conversions get added in, depending on who holds them, maybe add in another 100,000,000 after they convert. There are currently about 4,500 shareholders and at $1.00/share (~300% open DNDN) NWBO, current shareholders or other friendlies would need to come up with $45,000,000 to swallow those shares right away instead of sell. This would force demand to be covered by increasing price (gap up) until warrants converted to shares can reach the market. If Cognate financiers, friends of Toucan and others are waiting in the wings when news hits, strong longs could have a very interesting next day after trading is halted.

For those not aware, trading was halted when NWBO did a reverse spilt and then uplisted onto NASDAQ. Certain shares were traded for $10 that day or about 300% of reverse split value. The temptation to use shares typically not supposed to be accessed will be strong. I expect Les's mention of a trap will revolve around this type of scenario with blockchain tracking and or other measures perhaps put into play. Best wishes.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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