Hi Marzan:
I envy your optimism. But we must walk before we can run. IMHO, billionaire status is a long way off if ever, at least for most of us.
The first thing that needs to happen is TLD announcement. The results need to be undeniably positive coupled with a statement that based upon these results, NWBO is expeditiously filing the requisite applications with the RAs. This will raise the SP and although there will be funding and further dilution, the positive news with the odds-on certainty of approval will sustain a much better SP. There will undoubtedly be behind the scenes activities and at least some collaborative partnership in the offing.
Accordingly, the ASM takes on importance in terms of management credibility. Management has voluntarily issued what can only be interpreted as a very positive PR. I believe the word "interesting" is a code word. I would not expect any PR to come out with "stupendous", "unbelievable", " amazing" or other superlative adjectives although LG was more exuberant in describing the ASM as "very" interesting and even 'very' exciting. I believe that the "interesting" code word must involve TLD in some material way. I cannot imagine that the ASM will not discuss TLD in some material fashion. This is, by far, what is foremost in investors' minds. It is an "interesting" sea changing event. Can you imagine LP saying something like....."sorry, we cannot be specific about TLD at this point but what we can tell you is that we are "close". It is a ginormous undertaking to put the SAP together and submit(or present) it to the RAs. We hope we can provide more information at an appropriate time. However, having said that, we can provide this [unrelated] interesting information..........." I would imagine that even NWBO management and the head of IR understand that this would be a blatant "bait and switch" completely undermining whatever credibility they ever had. This is especially so when they have exhorted shareholders to attend the ASM and have given them 2 months to plan such attendance. The implication is that this time around, the ASM is particularly important. I cannot imagine that management gathered investors around only to tell them that......."although we cannot say anything definitive about TLD, we would like you to vote favourably upon increasing authorised shares....." An "interesting" ASM would rather become a contentious ASM unless management considers contentious to be interesting. I rather doubt that. It would have been much easier and safer not to raise investor expectations as this PR obviously has. A much simpler PR just announcing ASM date, time and venue would have been more appropriate rather than raising expectations and then deflating them at a "nothing burger" ASM. Accordingly, I am cautiously optimistic that management understands the importance of credibility and is not pulling a bait and switch.
What does still concern me is the conversation Alpha had with DI where DI appeared to be back-peddling on the ASM notwithstanding DI denials to the contrary and that the conversation was misinterpreted. Alpha emphasized he was reporting what he heard and I regard Alpha as one of the board's more astute and reliable posters. However, I have a similar respect for Kabunushi-san.
Therefore, we can only hope that management has not cavalierly issued what could amount to a bait and switch PR, understands that it has raised ASM expectations and will not avoid investors' primary, and probably singular, interest in things TLD. JMHO.
