Flipper44:
Venue does matter. The PR stated that the April 18th date was selected to give shareholders sufficient time to make plans to attend the ASM which should be an interesting meeting. The unmistakable implication is that:
1. Management thinks the meeting is important, and;
2. As many shareholders as possible should plan to attend. That's the reason for the almost 2 month lead-time.
If management, as in prior years, holds the ASM in its counsel's conference room, the invitation to shareholders and time granted were not really sincere but rather hollow and lame excuses to delay the ASM. Further, it would cast doubts about just how "interesting" the meeting should be. Rather, the venue, along with the proxy materials, should support the invitation to all shareholders and the importance of the meeting which "should be interesting." It has really nothing to do with "control" but rather with credibility. Do they mean what they say? In the past, management's promises and timelines have rarely if ever been met. Management has underscored the April 18/ASM event. They could have rather just announced that the meeting would be held on April 18 at their lawyer's address as in past years, period, if it were just a consideration of control. Rather, the clear implication of the PR and its invitation is to enlist shareholder support and that "we are all in it together, management and shareholders." It is a strong indication that management is turning over a new leaf and will finally share something interesting with its fellow shareholders.
In fact, though, one could argue that the PR really broke with NWBO's thus far strategy of keeping the nefarious forces guessing and then springing a trap. The PR now gives these forces somewhat of a heads up in that something will happen--interesting--on April 18 but the trap could be set at any time before that. Why not silence as usual and continue the enigma and speculation? Why say anything at all like "interesting"? Why explicitly exhort shareholders to attend rather than just announcing the ASM and signing off by saying...hope to see you there, Love and kisses, Linda and Les? It may be that any focus on the nefarious forces has finally taken a back seat. Good results are what will ultimately defeat these forces.
Another point is that NWBO is sure to have one more financing prior to the May 2, 2020 D-2 warrant expiration. Trust me, you can take that to the bank. The timing of the raise will depend upon urgency for funds. One would expect that a raise should take place after the ASM after the revelation of something very interesting/very exciting. However, if NWBO can't wait that long, the raise may take place shortly. It would not make much sense to raise funds, say, 10 days before the ASM. That would indicate poor fiscal planning and a plausible indication that perhaps nothing interesting at all will happen at the ASM. However, if a raise happens early next week, it could be argued that NWBO just could not wait and urgently needed the funds. The market appears to be expecting imminent funding and thus the recent tanking of the SP into the teens again. Hopefully, the SP takes the hit now and subsequently, without the financing overhang, a rebuilding of the SP leading into the ASM can take place and thereafter continued upward momentum due to the interesting result at the ASM.
Either way, it is critical, in terms of credibility, that LP delivers an "interesting" result at the ASM. As I have speculated in previous posts, the most interesting outcome leading to and at the ASM is top line data. Without it, as the gateway to other "interesting" things, nothing of real interest will emerge and the ASM, as in years past, will be a disappointment, indeed a discouragement. Even though LP and her minions may have effective control, she cannot risk the ire of fellow shareholders/internal support. This is management's last chance to restore credibility internally and externally to the marketplace.
Accordingly, the very strong implication of the PR is to do just that. To do otherwise, would fly in the face of the words of the PR. Yes, as lawyers, they could easily "parse" these words as carefully chosen, but the real implication is that once again, shareholders have been led on and then duped. I believe that management understands this, and certainly Dave Innes does having once been on the outside. Parsing won't cut it and maintain any credibility.
After all is said and done, I am cautiously optimistic that NWBO management will deliver. JMHO.
