Absolutely agree. I don't expect anything on the 16th. But.......I am pretty well networked with relatively large and knowledgeable investors. I think we represent a microcosm of market perception. We are all very familiar with LG's series of PR statements and intentions to help raise the pps. LG has done this, not once, but on several occasions. A lawsuit announcement was to be among the series of PRs to be released. Nothing ever happened. It was swept under the rug. There was always resort to the shorts. It was always their fault that these time line indications could not take place. Or that there was a misunderstanding. Or it was never said or did not recall ever saying this or that. Always an excuse. And continued obfuscation and deafening silence.
There is an expectation, by some at least, a line drawn in the sand, that an announcement should be made at ASCO. As some MB members have opined, including you, a lot of the steps outlined by LP should already have been accomplished or nearly so. NWBO should have already submitted SAPs.
My network and I believe that if ASCO comes and goes with nothing and continued silence and no guidance, the attack by shorts will be ginormous. This attack will be coupled with longs reassessing their positions and hedging their bets. Many will be fed up. The pps will dip to all time lows and perhaps single digits. NWBO will have lost all credibility. Naysayers' increasing chorus will be that the primary/secondary endpoints have been missed and that NWBO is hoping for a "miracle" on a fourth down hail Mary touchdown pass. Even if results are impressive, the then extremely low pps may not even spike up to a dollar. Remaining longs will take advantage of the spike, sell and be done with NWBO. The pps will settle back and continue to erode awaiting RA approvals. Even approvals may not do much for the pps. The stock price will have by then dipped to the lower double, or even single, digits due to lack of news, time and toxic dilutions at low stock prices. Management will have no credibility whatsoever wrt to the initiation of commercial operations. Wall Street will adopt a "wait and see" perspective on market penetration, revenues and profits. NWBO will be a very long way from any break-out, mini or otherwise.
Thus, I believe that it is critical to meet the ASCO timeline. No industry theatre reservation also spells disaster. Why continue spending money on big booths again for nothing? What was the reason for DI's hire? Where is the better story indicated by board member Jerry? Or is he following the LG script?
As they say-----stay tuned. JMHO.
