NorthWest Biotherapeutics Inc (NWBO)

[WojD40]

I agree it was a BS excuse, but I think there was a glimpse of what they're actually up to in the refusal to update the US endpoints.

I remember there was an air of resentment when David was later discussing the EU change. I sensed genuine surprise and irritation that the Europeans 'leaked it'. The resulting run up in price was unexpected and unwelcome by the company because they had decided by that point (September 2020) to go quiet until they were further along in manufacturing and regulatory matters.

Here is my speculation about those months.

With all sincerity, they announce data lock in August and promise TLD in September.

Some unknown catalyst causes them to decide on the strategy we are still living with today. They seemed to have turned on a dime, so I think this is an outside party introducing some new element. No way the SAB and BOD just change their minds at the very last moment, especially after the COVID delay. This came from outside and at the eleventh hour.

They prepare for some egg-on-face and write the infamous Oct 5th U-turn PR announcing the quiet period and Journal route. But wait...in the meantime, quite unexpectedly, the EU updates the endpoints and creates demand for the stock that sails it to $2.50.

With me so far...?

It might be that they already had a handshake, first refusal, favoured nations deal in place with a buyer, and in that would've been a gentleman's agreement that the company not do anything to hype itself and inflate the share price. Changing the endpoints on the FDA site would've added fuel to the fire, and I believe they needed to be left alone at that point. Hence the slightly panicked resentment I detected in their tone almost two years ago. The run up in price was a risk to the deal. That's why the company didn't welcome it, and that's why they've been downright obstinate in updating the FDA (despite begging them to do so by some on this board). This is too wilful an act to be mean nothing. They've had to repeatedly justify their lack of action and still chose not to amend the 'error'. So that means it wasn't an error.

The cat was out of the bag on May 10th, so that's when the US was updated (when it would no longer look like a preview event for good news, ie. hype).

Just my two dollars and fifty cents worth...