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Re: exwannabe post# 476127

Thursday, 05/19/2022 3:18:20 PM

Thursday, May 19, 2022 3:18:20 PM

Post# of 824225
No, they were not “kicked” off the exchange for “governance issues”. They had the most favored nation’s clause that led to a lot of shares being issued to top up a previous financing after shorts wrongfully, but skillfully put out a huge “report” spinning already disclosed news, with spin. That clause caused the issuance of shares and shorts target companies with such clauses because if they can get the share price low enough it creates a spiral of issuances, which is ultimately why NWBO had to renegotiate some of those financings with their manufacturer, which had also promised to indefinitely hold the shares and not sell them, when they received the substantially higher priced shares in lieu of payment in cash. Sweet deal when it works.

So the end result was that massive dilution that completely normal and acceptable clause, which was targeted knowingly by shorts wjth a spurious attack campaign never mentioning it, but really it was all about that clause…

That rapid dilution for past financings meant that they received no cash for those new shares as they were paying an old debt. So if they needed more cash at that point then they needed to also issue new shares for cash. However the Nasdaq and all regulated exchanges only allow so much dilution during a given period. So staying on NASDAQ without issuing more shares would not have been an option for maintaining solvency. And unsecured loans during such a period are very costly and not the most likely route or safest route to take.

So they voluntarily de-listed to do a necessary fundraise. This has been explained countless times and you still make the same false point every time.

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