flipper44: I hear you.
As you objectively state, there have been several indications of L PIII results release over the years, and as of today still no official final release.
In addition, I agree with you that they have known the L PIII results for likely a year or so. The fact that they decided to release the TLD with journal publication further puts the trial results on a timeline outside NWBio's control (due to the journal review and publication process).
There have been all kinds of opinions and theories posted on this MB why the above occurred. This coupled with the fact that there are ways to update shareholders on progress and status without making binding committments adds to the frustration.
I value the contributions you have made to this MB and they have helped me create my enterprise value computation from all of the realistic possible outcomes that I have attempted to quantify. Currently, my computation is still greater than my investment and minimum attractive rate of return.
As a couple of more months pass without trial results revealed, I will have to increase the probability of the trail failure scenario in the computation, and then determine my actions.
I consider the key factors to watch right now are revenue generated from the Sawston specials and warrent conversions to buy more runway. Without a BO/partnership announcement, a capital raise will likely be needed before the repayment of the last financing (repayment starts in July timeframe).
The above is JMHO and I fully understand that each investor has to make the best decision for their situation.
Peace.
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