NorthWest Biotherapeutics Inc (NWBO)

[OncoJock]

True! Which is why I took the time to read parts of the lawsuit in detail, and why I'm writing these posts. I'm trying to understand things that are very new to me. I write about advances in cancer medicine, not spoofing and day trading. But now, through no intention on my part, I hold a large quantity of shares in a company that may have been victimized by spoofers and unscrupulous market makers.

What I cannot understand is why one of these "baiting orders" would not be immediately executed? The suit alleges that spoofing occurs as a series of steps:

1) A large quantity of baiting orders are entered. These are offers to sell at a price much lower than the prevailing price.

2) A buy order is entered at the lower price.

3) The baiting orders are cancelled.

I'm trying to wrap my mind around how, as a practical matter, the baiting orders in step 1 could be cancelled before they are executed? Why the delay? It seems like if everyone else in the market is willing to pay $1.04 per share and I offer to sell at $1.02, the order would immediately execute and I'd have no time to cancel.

So again let me ask, What am I missing?