I suspect we'll see the first quarter report in the next week, once again we won't get a webcast. While I've always been in favor of a webcast, in thinking about it, if the company is unwilling to share guidance about where they are and where they're going, it could be a negative.
Year's ago IMGN would permit questions from both Analysts and investors at such webcasts, but often it was the investors questions that they wouldn't address because of a variety of reasons often having to do with it being premature to discuss. I had the feeling that Analyst's may have worked out the sort of questions they'd be asking with the company, though I have no proof of that. The webcast was reduced to only answering questions from Analysts, so no potentially embarrassing questions are coming in from individual investors.
At this point I cannot honestly say if we have Analysts who'd be asking questions should NWBO conduct such a webcast, if anyone knows specific Analyst's who're following the company, let us know. I don't know if people like Michael Bigger, Smith, etc. are actually considered Analyst's, if they are I'm fine with them asking the questions. I believe that there are some major investors here, holding a million shares or more, I'd suggest that they too should be able to ask questions. My point is that until our share price is at least a couple dollars, and perhaps not until we're on a major exchange, will Analyst's representing major brokerage firms be free to speak of their brokerage following the company. That's not saying that they're not following the company, only that they can't publicly say so.
In short I still would like to see such webcasts, but only if the company is willing to speak about what they're doing. When all the answers a company gives are essentially dodging the questions such webcasts come off as negatives rather than the positive we'd hope for. I'm all for doing it, but only if LP, or others she calls on for answers, are truly prepared to answer the majority of the questions.
Gary
Bullish
