Meirluc:
Frankly, I cannot say. If past is prologue, I would not be surprised if it took that long. There are a myriad number of excuses that can be brought into play not the least of which involves the submissions of the SAPs and RA approvals from 4 separate jurisdictions and which could considerably delay top line. I don't know if the trigger for top line release is SAP approval from any one jurisdiction or it must involve the FDA. They may make inquiries on the SAP and there could be considerable back and forth.
Recall NWBO's expectation that the hold would be lifted relatively quickly and what happened? Was there any explanation for the hold and why it was lifted after so long? Was there any explanation as to why NWBO could not say anything about this? An individual in my network actually spoke to someone knowledgeable of the NWBO hold situation at the FDA. This FDA spokesman said that there was no embargo on NWBO to keep silent on this matter. It was entirely up to NWBO to make the explanations and not the FDA which routinely does not publicly address such issues. Les consistently embargoed himself. No, he couldn't discuss it because then I would know more than other shareholders and pressed further, all he would allow was that the explanations would be made at the "right time..." Excuse after excuse and avoidance in the extreme.
Do we know for sure if the SAPs have been submitted? If not how far in the process are they? All we have are vague timelines which make it easy to move the goal posts once again......and without explanation.
Do you honestly believe Innes, as the new guy on the block, is going to give out any more information than LG did? Is Innes the new "white knight" coming in on his white steed to finally joust off the black knight's(pun intended) veil of transparency and making LG look bad in the process? What makes one think that Innes can quickly provide answers that LG wouldn't or couldn't?
And what does "petal to the metal" mean? To LP it means....."we are going as fast as we can...." And according to Einstein, time is relative and interpreted in one's frame of reference relative to another observer's frame of reference. Those of us who have had conversations with LG throughout the years know about all the missed time lines he has spouted. Never once has any such timeline been met. These are swept under the rug and cavalierly explained away by....."things change or you misunderstood what I said" or even "I never said that........"
So no, I have little confidence in management's vague pronouncements and weasel excuses if and when they choose to make them. And I have very little confidence that they are far enough along in the overall process to provide top line by ASCO. The longer we go in the year without revelation, the more likely it becomes the year of 2020 and ASCO then.
Management has no credibility. Hard to believe anything they say. If Innes is going to make a difference, he has a huge challenge and it certainly won't happen anytime soon. LG is not out of the way. He is still there but now with Innes as an insulation layer taking the shareholder calls that LG has long tired of. How adroit and skilful will Innes be with LG now that he effectively reports to him? LG is highly opinionated and a lawyer who takes no prisoners, Innes included. And who do you think LP will side with? Hard to see real incremental value in DI's hire. Does he also have an accounting degree? The NWBO CFO position is just as open as the IR position was. LOL.
Anyway, IMHO, if top line does not come out by ASCO, many investors, potential and otherwise, will frustratingly be concerned that top line won't be revealed any time soon in 2019. The share price will undoubtedly tank to new lows with such sentiments. Then, as, if and when even good top line results are released, the share price could still struggle to get back to where it is today and in any event, will remain well below a dollar level. Very disappointing to say the least.
LP needs to announce bang on top line results by ASCO. Anything short(pun intended) of that spells disaster. Stay tuned. JMHO.
