Saturday, May 18, 2019 4:11:02 PM
If what you wrote is correct and coming from the company, it's really an admission of incompetence by Linda. A well thought out funding plan would have included advice from both NWBO's outside counsel and guidance from Nasdaq's own office of general counsel. The fact that the funding was so ad hoc and unprofessional is what took them down this road.
The second part about the decision to leave also appears questionable. There are a lot of strings that need pulling to fully understand their options - I also suspect that the capital raises at the end of 2017 were already in the back of their minds, and something that Nasdaq would never have agree with. But at the end of the day, these were all decisions that were made by LP and the Board. Really hard to escape accountability, in my humble view.
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