NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

NWBO is a publicly traded company and that comes with certain obligations, ethical and legal, regardless of size or industry.

If Ms. Powers wanted to ethically keep everyone in the dark, she should have taken NWBO private when she 'saved' it so many years ago and maybe made it part of Cognate or something like that. Instead she invited the public, including ordinary people to take an interest and buy shares. At one point NWBO management was not only seeking earned media like the Fox Business appearances but actually courted investors by making at least one paid appearance on YOUtube channels like the Red Chip Report etc.

Being a publicly traded firm has many advantages but you are effectively electing to have hundreds, or thousands or millions of 'bosses' that you have a duty to, as the founder of Papa John's or Men's Warehouse or many others have learned to their cost. Ironically none of them have done anything a 1/4 as destructive to shareholder value before getting the boot.

I will give you one point, the obscurity of NWBO as a small company with no media coverage, limited to no institutional investment, and limited regulator interest, and no assets worth seizing in a lawsuit by shareholders, means that NWBO management can effectively ignore their obligation to serve the best interests of shareholders and to keep them reasonably informed with impunity.