Slightly shorter than normal daily observations. (sorry, I started rambling again, so became longer than anticipated)
No significant change in the legal outstanding shorts as of 11/15/22. Still slightly above 27M. Doesn't look like the shorts were expecting positive results by SNO.
Still quite a few rumors going on regarding a deal in the works. Not jumping on that wagon yet, but as previously mentioned, the BMY/NKTR deal setup seems perfect for all parties should a deal be in the works.
No news about MIA this week (so far), so hoping for next week, though I am not predicting, just hoping. Think this is a MUST have milestone prior to any deal.
I have been trying to think about how and what NWBO management could communicate at this time without saying much, but everything I have come up with would be information that likely should be avoided at this time, if they are working on something important behind the scene. I do wish, like all of you, that they start singing their song as this silence is deafening and hard on all of us, even me, who is not planning to sell for a long time (at least approval, but likely not until income starts rolling in).
I have never been much of a pro technicals for NWBO. It does, however, look like the traders and MM's do pay attention to the technicals and that they could be somewhat relevant at this time. I have always been thankful for our two Stallworth's of charts and appreciate they continuous efforts to show off their skills.
ASM! Never thought that this years ASM would have any proxies for raising the AS count. I would not think that they would have a vote IF they were considering an R/S with uplist, as I doubt they legally have to ask us. If they enter a partnership, that also seems unlikely for a vote as they are not changing the status of our shares. All in all, I highly doubt they will have a proxy if they do have an ASM this year. I, personally, do not see a need to hold one, but would likely attend if at a reasonable place to visit.
At least the short term longs who focus on daily SP, should have a nice weekend with the downward trend having stopped and they can enjoy a 5% up day.
Have a safe weekend
