Saturday, April 18, 2020 1:56:04 PM
Despite the spin from the naysayers, shorts, or whatever you want to call them, the most important question was answered. Expect a short attack on Monday so don't be surprised if the stock ends the day down. However, three months is not a long time, and typically, you can expect the stock price of a small single product company to go up steadily over that period of time. Any stock price weakness over this period is a gift for buyers. I'll go out on a limb and assuming there is zero other news (including financings) that the stock price will be in the $.50 - $.75 range going into July 4th.
Last year, management took a good number of questions, and afterwards stayed around and spoke with small groups of shareholders informally for quite some time. After the rest of the management team left, Les Goldman stayed around and continued answering questions. That was great for me and made the flight to D.C. very worthwhile.
So, the contrast between these meetings is particularly stark for me. By answering only the most important question and answering it very clearly, Linda Powers did a very good thing. While there are many other questions that would have been nice to have answered, she provided nothing for people to criticize or second guess and nothing to distract from the overriding issue.
Additionally, the company will have the option to provide that information in the coming weeks or months. Presumably they will wait until top line data is released. However, assuming the data is positive, I think we'll see a very steady drumbeat of news after that.
Recent NWBO News
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 08:01:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 09:06:07 PM
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- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
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