My Sunday Evening Post, Early Edition from the Park Bench.
I actually placed a “Liked” for your post, because I thought you were responding to someone else. The response couldn’t have been to me because I never said the company was going to file bankruptcy, nor ever used the word. Please do a word search, and let me know if the “bankruptcy” shows up?
But in case it wasn’t an accident, try reading my post again from the point of view that Linda wouldn’t bring the company this close to the brink of insolvency without being confident in a funding or exit plan in the near term. That’s pretty bullish, wouldn’t you say?
Having said that, Linda waiting this long to strike a deal or arrange other sources of funding is extremely risky. Anything can go wrong despite well laid plans. And the problem is they don’t possess any financial cushion should anything get delayed; but I’m certainly not suggesting that Linda is about to place the company into bankruptcy — albeit, I can imagine some interesting conspiracy theories involving Toucan…if I wanted to go in that direction.
Let’s make this abundantly clear, everyone here has experienced at least two rapidly moving macro economic shocks over the past 15 years: the ‘17 financial crisis and the recent pandemic. We’ve also seen rapidly moving business and government scandals, and bad decisions by regulators are common place. All appearing out of the blue with little warning, disrupting broadly across the economy, or just specific business sectors (and clouds are just now gathering for another banking crisis).
Unless Linda has a firm agreement in hand, NWBO does not have any capacity to absorb another financial shock or adverse event that could place everything on hold…even just for a few months. And their so called “friends“ are Cheshire Cats, more than happy to fund the company at heavily discounted shares plus warrants, and high interest rates. They’d be more than happy to take even YOUR one marshmallow. (As Mr. T so eloquently stated, “I pity the fool that takes my marshmallows using heavily discounted investment vehicles.”)
Toucan is willing to take this level of risk because they’re playing with house money. They’ve already made trash cans full of cash and an extensive return on there investment in a numbers of ways — so why not swing for the fences, it’s all upside to them. But retail investors are not playing with house money, they’re playing with their own personal finances.
So I hope your post with all those “Likes” was an accident in response to somebody else, because it wasn’t relevant to what I wrote.
Remember — at this turn in the road everyone is lying, especially those close in with the company.
AI
