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Thursday, April 25, 2019 10:15:42 AM
Can you guess why the SEC investigation is not over even though they may not have found anything? Because maybe someone wants a cloud over NWBO? SEC needs to do nothing. The fact that the investigation isn't closed casts a shadow over NWBO's credibility. Mission accomplished and.......the SEC cannot be accused of wrong doing. This is essentially character assassination by doing nothing to close an investigation which could go on for years. How many times has NWBO stated that the investigation is coming to a close and we hope soon. Sound like the partial hold? LG thought it would be over in several weeks. But it took a couple of years. This kills management credibility and the stock price along with it.
Well, you've made an adequate case to suggest the SEC has no credibility. I'll grant you that!
But you cannot hold NWBO responsible for the SEC not closing out their investigation in a timely fashion.
Yes, it's a small cloud hanging over, and might deter a few new investors coming in, especially institutional ones, but I don't hold company management responsible for that. If the SEC are in cahoots with the dark forces, then why blame NWBO for being an unwitting victim?
IMHO, pursuing legal action directly by NWBO or indirectly through a government institution, is an exercise in futility. It will not stop the manipulation. It will take time, resources and bandwidth that NWBO does not have. It is a diversion and waste of time and valuable resources
Agree with the first bit. But if a government agency is pursuing matters off their own bat, then I don't see that as necessarily futile. If it was futile, that would basically mean that the manipulators are completely untouchable, that the stock market is rigged beyond repair, and that the Western capitalist system is ultimately doomed! (It probably is anyway in the longer term, imo.)
For sure, topline announcement is a pivotal event.
I just don't think it will be at ASCO.
If they are ahead of where I think they might be, then by all means PR topline, and state that further information will be presented at ASCO, ideally with a plan to submit a BLA shortly after. That would be great.
But if they are not there yet, then yes, I'd question whether the cost of Industry Theater would be matched in benefit. And could lead to a sense of disappointment.
But as we've said, it might only be a provisional placeholder.
I can be opinionated and like to tell them what I think they should do from time to time, same as you do.
But on this, they have all the info and I don't.
So I don't want to tell them, or this Board, what I think they should do, from a position of ignorance about where they are at with the trial and the adjudication and the SAP.
But as I've said previously, I'm much more relaxed than you are about ASCO coming and going without a topline announcement, if they are not in a position to do it.
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