NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

Yes.

While the company’s ultimately is obligated to tell and delay creates potential problems that I am sure, from their statements, they’d definitely want to avoid, the obligation is about avoiding liability, not an immediate “regulatory reporting” requirement.

People confuse these things.

I think they would probably have revealed a failure because they have said so from the beginning. But I personally trust management in that point. As an attorney, I think Linda would prefer to avoid lawsuits even if she might have more time.

But that is different than a legal obligation to disclose in 4 days. Generally also, in their regular reporting, they have a duty to not deceive or commit fraud. Not exactly an affirmative duty, but I think they’d probably want to disclose if there were a failure before their 10K is due, which is their next relevant periodic report.

But you’ve described it correctly.