A brief version today as it is Sunday and hanging out with my grandkids.
I am all for people voting their conscience. I hope people do take the time to understand what they are voting for as any vote has consequences. I am 100%!!! certain that NWBO will NOT go into bankruptcy if they do not get the vote to raise the authorized share count. I am also fairly certain that they are not bluffing when they mention that the alternative is an R/S. They would not have mentioned this if they were not serious about making sure that the AS number could cover their options/warrants obligations. I can't help thinking that this is due to something they are working on. They really didn't need this (which was why I thought they might hold the ASM without this proxy vote) as a majority of the warrants/options could be extended and they always had the 100M preferred share to use (among them 9M the c-shares). The mentioning of the R/S as the only viable option should this fail, makes me think this issue is important for them to get resolved in a timely manner for reasons I can only speculate about. I have never been adverse to an R/S if done right and for a company on a positive path, but I am still voting yes as that is the path selected by management who are privy to information that I am not. That being said, people should be entitled to vote their shares as they see fit.
Still a lot of rumors out there in biotech finance land, that my friends have not been able to verify, so for now, they remain just rumors for me. I think that we could see the MIA cert this week, as it likely is not state secrets as to when the inspection took place. I do not think we will get any news about a partnership in the next few days, but hope that some of the buzz around the combo trials will get us some news either December 5 or sooner.
Hope you enjoy what is left of the holiday weekend and that we see the market read the ASM news as a positive which I think it is. JMHO
Bullish
