Exactly. The wording is clear and in my view unambiguous. I believe that it is a sincere PR and that the wording was carefully chosen to give a strong hint without revealing the subject matter and thus preserving the element of surprise. There are three essential elements in this PR:
1. The ASM should be interesting and the PR was further confirmed by LG to be "very" interesting and "very" exciting in various telephone calls with shareholders. This is a fact as I was one of these shareholders. IMHO, interesting relates to something material and which should consequently positively affect the SP. My guess is that top-line results will be addressed and the results thereof will be very interesting and very exciting. Without top line revelation, partnerships/collaborations, RA updates and other materially interesting topics will not issue as TLD is the gateway to these. Anything less, IMHO, is a blatant come-on to "lead on" shareholders and for fund raising activities prior to the ASM. It is certain that NWBO will require funding. If they raise funds prior to the ASM, they will need to deliver at the ASM. Otherwise, it will be regarded as yet another not well disguised "pump" to pry at least one more funding prior to the ASM where, in fact, nothing really materially interesting comes off leading up to and including the ASM. All credibility will be lost and any further financings will be highly toxic if they can find willing investors. Nothing management says will have any credibility. Attempting to raise funds prior to the ASM could be interpreted as a signal that nothing really materially interesting will happen and the SP will tank accordingly resulting in a highly toxic financing no doubt pissing everybody off. You can forget "interesting" at the ASM and substitute the word "contentious".
If, on the other hand, they wait until after the ASM to raise funds, however, they have not produced anything of material interest, same result as above. Accordingly, IMHO, NWBO is between a rock and a hard place. Their PR(and LG augmented confirmations) have placed them in this position. It has been their calculus. They have raised the expectations and it is they who need to follow through.
Accordingly, I have to believe that they will have a materially interesting ASM and I think it involves top line. I cannot think of any thing other than this to be materially interesting. Thus, I am cautiously optimistic. I doubt very much that management has come out with this "interesting" PR only to fall short and not follow through. Their very credibility and support is at stake. It goes without saying that LP/LG realise all this.
2. The meeting is important because it should be interesting and the PR essentially exhorts shareholders to attend.
3. The ASM, which is especially important and which should be attended by as many shareholders as possible, has been scheduled for April 18th, approximately 2 months from the date of the PR, in order to give shareholders enough time to make their travel/attendance plans. Hence, NWBO wants as many shareholders as possible to attend this especially important meeting. Accordingly, it is very difficult to believe that this ASM will be held, as in years past, in their lawyers' conference room. If they can afford the big booths at ASCO, surely for such an interesting ASM where shareholders are exhorted to come, NWBO should be able to afford adequate space such as a hotel ball room/conference suite. If the venue is as in years past, the invitation to shareholders rings hollow. Thus venue is important as it points to sincerity and management's genuine desire to have shareholders attend. Otherwise it is disingenuous and is just going through the motions.
I take management at their word in the PR. I believe they are genuine and I believe they will deliver. Not doing so is suicidal. JMHO.
