They are primarily a transfer company. So NWBO deposits the shares there into a person's account, and then the person can transfer the shares out of there to the brokerage account of their choice (usually). But because NWBO is a penny stock, most of the brokerages won't let you transfer those shares into your account. You can buy shares at your brokerage, but that's because you are buying them through the brokerage. But most of them won't let you transfer them in.
Now, if they sit at ComputerShare, they also can't be borrowed. So if you want to make sure your shares aren't being loaned out, keeping them located there is the best way to prevent it.
When the shares are eventually placed into the ComputerShare account, and I believe that can minimally three to four days, and sometimes longer (and NWBO isn't particularly known for its speed in this matter), it will then take another number of days to transfer those shares out of ComputerShare into a brokerage account (if you can find one that will take them) that you can viably trade out of.
If you want to sell your NWBO shares straight out of ComputerShare, you'll pay a $0.12 fee per share to do so.
I think many of those shareholders that have take part in some of the financings leave some number of shares parked there, as it does take them out of the potential pool for possible misuse, and it's also currently difficult for many to move them anyway.
Now if any of the share holders who took part in the recent financing to any major degree (I'm talking a million or more shares)... yes, they could have sold a million of their shares that they may have been holding in their current brokerage accounts for a whopping $0.20 or more pennies each, and then replaced them, theoretically, with the shares they held in ComputerShares when they eventually came in. However, these investors had already actively expressed their intent to purchase more shares, presumably to build on their positions, and to also extend their warrants, and apparently, for some, to be given even more. So these people were already intending to buy when the share price was floundering around at $0.16. When they saw that the PR was actually impacting the share price (the day after it was released), they decided to close on the deal that they'd already intended to transact weeks before the share price jumped. So I think any scarecrow with an actual brain could see that these investors weren't intending to sell their shares due to an unanticipated jump in the share price, because, well, the jump was unanticipated. Therefore, the reason they were buying was to increase their positions.
And should the share price have another unanticipated jump in the next two months leading into the ASM, if these investors have sold their 25 million share position, they won't have as many shares to sell into the market in their liquid (non ComputerShare) accounts at higher prices than $0.20 to $0.27 pennies. So if that's the case (which it isn't, this entire argument is completely stupid and such a waste of time), that will instead leave the rest of us with our shares well-positioned in our brokerage accounts to sell into a waiting, potentially frothing, market, should we choose to do so.
AI
