Assuming that the ASM takes place in person or virtually, you can be certain of two things:
1. Vote to increase shelf, and;
2. TLD discussion.
WRT to item 2 above, if there is no PR/filing, and even assuming that LP does not bring up TLD at the outset of the AS meeting, shareholders in attendance/participating will undoubtedly raise the issue. This is especially true if LP requests an increase in the shelf. She cannot avoid addressing this issue. It will, of course, be a concerning sign if LP does not initially address it and instead shareholders have to bring up the discussion.
I believe that LP wants shareholder support. I think LP understands the need for credibility and what will happen if discussion on TLD essentially turns out to be "stay tuned." Timelines on TLD may not be believable if revelation is planned--"if all goes well"--at ASCO/or in a couple of months which would be around mid-June. It is well known that LP/LG have never met any guideline they communicated. Thus, a conditioned caveated guideline will be a huge disappointment and the market will react accordingly. Even a guideline for revelation in say two weeks from the date of the ASM will be treated with a modicum of skepticism but because of the date proximity, investors/market may hold steady awaiting this short-term event.
However, if top line is not announced in a PR/filing, say, just before the ASM, I doubt very much that LP will announce a fixed/drop dead time-line for TLD. There is not much else of "interest" except top line at this point. Investors/Wall Street are interested in one thing: success or failure and if not a failure, the degree of success--is it mediocre or stellar overall and, of course, how the results are presented.
I doubt that LP will announce a partnership or any collaboration with a partner depending upon TLD results. TLD is "interesting" in and of itself and is the "gateway" to all other things "interesting." Since TLD is foremost in everybody's mind, it is difficult to come up with anything else that is of significant interest such as to boost the SP.
Undoubtedly, between now and ASCO, NWBO will need to raise funds. This weighs upon the SP. "Interesting" and exhorting shareholders to make plans to attend and giving a lead time to April 18th to do so obviously underscores the importance that management assigns to this ASM. Hence, they need to deliver.
I am certain that LP understands all this and will be very well prepared to address TLD, either through announcement or otherwise, at the ASM. It is critical in how she handles this issue and instills confidence.
I don't think that investors will tolerate "stay tuned" or other vague illusions. Of course, LP probably has the votes to do as she pleases, but will sacrifice the support of most shareholders, retail at least, if she does not deliver. Many accredited investors, including myself, will be highly pissed if our warrants expire worthless on May 2nd. I have said this to LG and my dis-interest in participating in any further raises due to my distrust of management and their lack of credibility. I am sure many other long-suffering investors feel the same way and a blown ASM will be reflected in the SP. Vulture toxic financing and painful dilution will severely and negatively affect the value of investment in NWBO even despite the success in TLD. I have further said that good managers do what they say they will do and those that don't are lawyers. After saying that the ASM should be "very interesting", I responded that for now, I trust but please do not disappoint.
Accordingly, I believe NWBO management is aware of all this and therefore will deliver. They certainly would not sanction such a PR if they could not deliver. They have given themselves enough time. A less than "interesting" ASM is deadly and really no further need of the IR function. Nobody would believe them anyway. JMHO.
