NorthWest Biotherapeutics Inc (NWBO)

[hyperopia]

GGB, you'e right that the SEC investigation was resolved for peanuts and it amounted to a slap on the wrist for relatively minor infractions. (it makes one wonder what took so long) Management is certainly not the criminals that some here portray them to be, but they are not without fault either.

I doubt that the SEC spent millions on the investigation, maybe closer to the amount of the fine. And it’s not true that NW Bio was clean, the SEC found absolutely nothing, or that the disclosed material weakness were corrected in 2015 or 2016, which tells me that you haven’t actually read the settlement. I understand that some elements of SOX laws are difficult for small businesses like NW Bio to comply with, but it is a public company, and investors depend upon accurate and timely reporting of financial information, and should expect a public company to ensure that internal controls are in place to protect against any potential fraudulent financial reporting, despite their limited finances. Any potential partner would certainly expect no less.