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Re: LearningEveryTrade post# 543799

Monday, 12/05/2022 12:01:42 PM

Monday, December 05, 2022 12:01:42 PM

Post# of 711026
Enron doesn't matter when you look at the NWBO performance -- constantly enriching herself (over 139 million shares/equivalents), sued by shareholders for taking $41 million in awards for nothing while shareholders lost significant money, SEC sanctions for deceptive accounting including her self-dealing. These are what matters to NWBO shareholders.

LP is the chief accountant and the SEC has reprimanded her NWBO financial disclosures including for her personal insider transactions:
"According to the SEC's order, NWBO publicly disclosed material weaknesses in each of its Forms 10-K over a period of twelve years, from 2007 through 2018. NWBO's material weaknesses often repeated year after year, relating to numerous areas of importance, including the review, supervision and monitoring of accounting operations throughout the organization. NWBO disclosed in nine of the last twelve fiscal years that it lacked controls in place, including those surrounding related party transactions, to ensure that all material transactions and developments impacting its financial statements were reflected and properly recorded. In its most recent Form 10-K filed for FY2018, NWBO continued to disclose material weaknesses, including two newly-identified weaknesses, one of which is the lack of formalized and implemented policy and procedure documentation to evidence a system of ICFR. In addition, NWBO has failed to file timely its annual report on Form 10-K for sixteen consecutive years."
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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