NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

The market is artificially depressed, as it often is, to communicate exactly that... let’s the players do their thing with less fear... just a few big players change their personal evaluations, and probability changes. But that can’t easily happen on the OTC. So you get numbers like that. I do not believe those kinds of calculations mean anything because I do not believe in the efficient markets hypothesis for microcap biotechs. It’s a known to be inefficient capital market, so hypothesizing America efficient valuation against that known weakness as it is - is bad enough. But the efficient markets theory could not even predict all the nonsense from the most efficient debt markets in 2008. Institutions are routinely wrong. That’s why money managers mostly hedge their bets with diversification. They do not have time to obsess over every detail. Everything is a rule of thumb and some general reliance on a guy who relied on a guy, who relied on a guy....or lady. It’s much more ramshackle than it seems because large dollars can compensate for all kinds of errors at the top of the market. Granted, there is less room for errors, basically none, at the bottom. That’s why this side of the market constantly overreacts, which creates massive volatility and lots of room for profits and losses.