NorthWest Biotherapeutics Inc (NWBO)

[The Danish Dude]

If true, you have to hand it to management. They had the majority of us seriously fooled on timing.

Did "they" fool us on timing, or was the timing not just a question of the board debating among ourselves according to what we believed happened behind the curtains, thus us fooling ourselves, if that is the right phrase, when predicting events?

What did we receive from the management?

October 5th:
"The statisticians will proceed as quickly as possible with analyses of the raw data and prepare summaries of the Trial results for review by the Company, the Principal Investigator, the Steering Committee of the Trial, the Scientific Advisory Board, and a panel of independent brain cancer experts, who will analyze the data with the statisticians in preparation for public announcement and scientific publication."

March 16th:
"This Phase III trial is now completed and locked down, with announcement of top line data expected in the coming months".

May 12th:
"The process outlined in the Company’s October 5, 2020 announcement relating to the Phase III trial of DCVax-L is continuing to move forward. The process includes review and analysis of the raw data by independent statisticians and experts, and preparation of summaries of the Trial results for review by the Company, the Principal Investigator, the Steering Committee of the Trial, the Scientific Advisory Board, and a panel of independent brain cancer experts in preparation for public announcement and scientific publication.

The Company continues to be in a quiet period while this process is under way. The Company appreciates shareholders’ patience, and their understanding that the Company cannot make partial disclosures during this process and cannot comment on the Phase III trial schedule or its data until the announcement of the results. We remain committed to completing the full plan outlined on October 5, 2020."

Adding to that Dave Innes words shortly after Data Lock to an investor

"[we] intentionally gave no timeline, because [we] would not be able to update [investors], if TLD took longer than expected.”

And then Linda Powers' words during ASCO:
"There’s nothing more important to the company. I’d like to be able to go into the details that we know everybody is craving, and understandably so, but we are in a quiet period now, while the data are being reviewed and analyzed. We’ve explained the process that we’re going through, it’s six stages of various analyses and reviews by various parties. And I can assure everyone that we are committed to completing this full process that we outlined at the outset, back when we did data lock. And we are doing so with great care."

We're all seeing this differently and treating information differently.

But the management has beyond its press releases, PRs and ASM statements been quiet and stated time and time again:

The six stages was described at data lock, with publication as an outcome.

TLD predicted "coming months" in March PR.

The six stages with publication once again PR'ed in May.

And LP once again describing the six stages with publication at ASM.

At the end of the day though, nothing has secured ME in my investment as Kristyn Power being hired during the data lock period.

To me that is as hard a signal as Nikita Khrushchev wearing a hat during the kitchen debate.