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Sunday, November 13, 2022 4:48:40 PM
He said those things because he was saving face for his own mistakes, as shown by his ultimate downfall. He could spot value, he just did not understand the long journey from having a biotech technology to ultimately validating it. And he wanted to substitute himself, it appears, for LP. Ultimately, it is likely he would have just sold the company. That was not what the founders and most interested parties wanted with DCVax-L, so there was a divergence of interests it would seem. He lost the battle. Nothing came of it. Had he a case of any sort, I am sure something would have come of it. It was all about his saving face, and like I said, he held onto these shares until they were pried from the hands of his cold dead fund.
The reality is, had he understood this sector, like others, he would have watched and invested when it made the most sense. Some are up over 300% on shares bought in this 5 year period, mostly in the .14-20+ cent range. Investments in most biotechs during this period simply don't compete with that kind of return. And one could have been up much more, a 10 times and more, if one had sold at the highs of the last 2 years. But these stocks are very volatile and getting the full run is a worthwhile thing, and some prefer to hold than to trade, which has risks, creates large transaction costs and the reality is, traders simply don't do as well as longs who know how to invest and don't sell prematurely.
I own NWBO. My posts on iHub are always posted expressly as just my humble opinion (IMHO) and none are advice, just my opinion. I am NOT a financial advisor, and it is assumed that everyone is responsible for their own due diligence.
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