if we close at 1.18 and I hope we crawl back up now, then we have the third higher low, 1.08, 1.13 and then 1.18
I dont know who is doing the selling. If I was a warrant holder wanting to sell I would wait until after the certification and not sell on a short-term down slide, but that's me. We have not seen any excessive exercise of warrants so it must have been warrant holders that were holding already for months (if its indeed ex warrantholders).
As to the suggestion that this could be the 11 million loan converted into new shares. That would be material and must be disclosed. On the other hand, the 5 million debt which was converted in June into new shares was not disclosed by NWBO within 4 business days (but in the last 10Q) and disappointed me greatly since it is against SEC rule. If this were true then this would be concerning and indicate a longer wait than Nov 1. Hope I am wrong.