Why oh why is the stock up when we need more funds badly? The stock ended this week back at its monthly high. Meanwhile the latest $2.2M financing was discovered to have been reduced to only $700k. This coincidence is interesting if not downright strange.
The theory by some here has been that if a financing is in the works then the pps gets always pushed down (that's true more often than not, because word always gets around among hedge funds when any company comes around hat in hand). But this is not happening now. Why not? What's doing on the financial front and why is demand for the stock up in spite of our cash accounts now running on fumes?
Note: recent million dollar loans like the $4M raised in Q1 were not disclosed in an 8-k, only in the 10-Q, so it's possible that some more money was raised via loans in Q3 but we won't know about that until the Q3 10-Q is released within a few weeks. That would mean less dilution and hence would be a short positive even if only for the very near term. Meanwhile what we do know is that short of undisclosed loans or drastic reduction in cash burn in Q3 we are now certain to be close to dead broke, and that the last deal was $1.5M less than initially announced. In spite of all this the stock traded back to a monthly high on Friday. Not what I would normally expect.
i have no idea what is going on and I'm not trying to spread any dumb rumor of a deal I know nothing about. I'm just remarking that this situation gets more and more interesting, and possibly points to there being something positive in the works and due to close in the next couple of weeks. In any case, some kind of financial news of more loans or other source of cash is certain. I can guarantee that 100% because of the cash balances shown in the last 10-q filing. NWBO needs to get some cash one way or the other, and soon.
