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Re: GoodGuyBill post# 242772

Friday, 09/06/2019 1:20:13 AM

Friday, September 06, 2019 1:20:13 AM

Post# of 704154
Please do not put words in my mouth. Most of what you wrote is not at all what I said.

As an investor, Woodford is thoroughly discredited. He took silly risks in concentration and illiquidity, and was badly burned.

Instead of watching Woodford buy on the open market, Linda Powers should have sold him even more stock so that cash came to nwbo instead of sellers. She badly misjudged completion time and cash needed to get there.

Another $50m on hand would have prevented much of the subsequent dilution. Shares outstanding would be much lower. The stock price would be quite a bit above $0.25. nwbo might still be on NASDAQ, and thus on the radar for institutional investors. None of that happened because Linda Powers burned that bridge.

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