Longfellow:
ASCO: To be crystal clear, I have said that IF NWBO does not announce top line at ASCO Industry Theatre, it is very well advised to announce some noteworthy DC VAX L news there. The "update" should be mostly about DC VAX L. At a minimum, they should announce that the SAPs have been submitted to the RAs and when they have done so. I think they can provide a more definitive status as to where they are in the process. There certainly is more information they can provide that is new and noteworthy about DC VAX L data though it is still blinded. The major focus should be squarely upon DC VAX L. I think it is important to support the share price and a noteworthy presentation at Industry Theatre will go a long way in doing just that. In this sense, I believe that ASCO is a pivotal event. I have also clearly stated that I do not believe that top-line will be announced at ASCO. Upon information and belief, I think that the SAPs may be in the final stages of completion and not yet submitted to the relevant RAs. Accordingly, there is not enough time for such an announcement at ASCO.
I do think that top-line should be announced at least no later than September, if not earlier during the summer. If lack of announcement drags on until later in the year as has been suggested, i.e., SNO, I believe that the share price will easily test new lows. Even if top line results are then impressive, part of share price appreciation multiple "energy" will be spent upon regaining extant price levels. If, for example, the share price bottoms out at about $0.10, it will take about 300% appreciation just to reach current levels. Of course, NWBO does not have control over the RAs and the SAP approval process. It is possible that there may be questions raised and commentary exchanged with the various RAs resulting in greater than expected delays. NWBO may, indeed, be a victim of such circumstances.
Legal/Investigation Initiatives: I believe for reasons exhaustively stated that legal initiatives brought on by NWBO are a waste of time and resources. In fact, because of the length of time involved, in practical terms, it is a futile exercise. This would be a very long term project with a very uncertain outcome.
If the ball is carried by governmental institutions as part of a larger more intensive and far reaching probe, the lengthy process and time involved will have no impact upon manipulative market forces any time soon if ever wrt NWBO. Something may come of it, but it is almost certainly too far off into the future to merit any serious consideration at least for now.
Is the market rigged? Are honest investors at the mercy of greedy malevolent forces that for all practical purposes are relatively untouchable? Are some regulatory agencies impotent and harbour corrupt elements? I hate to be cynical but I think the answer is almost certainly "yes". Market manipulation represents a huge and labyrinthian enterprise with practically unfathomable mechanisms that are not now fully understood except by the perpetrators themselves and even that is layered. I believe huge amounts of resources and time will be needed to unravel all the threads and knots. It is questionable as to whether there is even a collective will to do so. Perhaps too many are feeding at the trough. The failure of the SEC to "close" the investigation may be one aspect. I agree that NWBO may largely lack any control over this, however, I believe that they have been naive and have badly misjudged this environment. Certainly management's predictive abilities and judgement have shown them to be hugely wide of the mark certainly wrt the partial hold and SEC investigation. Indeed, at least retail shareholders do not have all the facts. For whatever reasons, we have been met with silence, obfuscation and management statements that engender more questions than answers. Ginormous undertakings, multi-month processes, many "cooks"involved where all need to arrive at the same page....it goes on and on. There is rampant speculation and "whistling past the grave yard". Yes, indeed, I hope that ASCO and Industry Theatre come to something rather than being a placeholder and waste of time and money.
All is JMHO.
