Amplification: BOTH Hoffman & TC Trader & FAMILIES threatened to Cease & Decease Otherwise.
BOTH have consulted privately with Maverick_1 for yearS! Have the documentation!
ONLY upon today’s Hoffman’s REDDIT expository am I sharing this of many backgrounderS! documented in my repositories on numerous individualS & TOPICS.
hopefulsurgonc HAD to sell $5.2 mln Hillsborough, CA in 2018. Re: None Saturday, August 06,2016 Post#68808 of 624319 Silence by the company just makes this board go crazy. There are so many unanswered questions for the few answers we have that it is as easy to spin a negative response as it is to be positive about things. I am in such a hole that it would make most of the older investors on this board have a widow maker. Most certainly the moment I told you how many shares I have and how much I am in a hole. I have a lot of January 2017 calls that are way out of the money. The price points I hear some of you on this board are at and are frustrated is nothing compared to me(sounds like I am bragging, but I am actually kind of crying).When this thing was going up about 15 months ago I thought there is no way this is going back down. So I converted all of my shares at that time to leaps. I only bought shares as the price tanked. I am so disappointed in management right now I don't have the writing skills to express it. The thing that I won't do is be angry at them yet or name call. There is just too much I don't know. I really really believe in the science. I had my own hand in the early vaccines at UCLA. I know they work, without question. The vaccine I was involved in did not have a good enough response rate and the trials failed. I saw miraculous things with patients on occasion though, just unbelievable. Pat Hoon ( https://en.wikipedia.org/wiki/Patrick_Soon-Shiong ) had just left my program before I was a fellow. I still remember a conversation my chairman and program director were having one of my first days there when we were waiting for tumor board to start. They were pissed off at Pat Hoon for leaving and selling the rights of Abraxane and becoming a multi millionaire. He actually donated money for a beautiful new oncology wing in the hospital I operated at. Not quite sure how he pulled that off keeping the rights to himself. It is pretty amazing to see what he has done since then. I have spoken to neurosurgeons who have trained at UCLA and some other surgeons. No one has said that it has not worked, no one. I will say that a lot of surgeons have said it really seemed to be effective on certain subtypes. This is before I knew too much about the different subtypes including mesenchymal. As Maverick_1 has said, there is so much more to investing than just the science. It really should be as simple as the science. I am learning though that is not the case the hard way. I have spoken with several posters here privately and truly appreciate your help and encouragement when I have needed it. I am living a poor existence right now. I was also warned of putting myself into that position. I really do have mortgage money in this stock. If I didn't live in California that would not be the case, but here it is. I wake up with a knot in my stomach every morning waiting for news. Now we are really close to needing more money and not a word from the company. To think that this board will have no new information to debate until possibly September(except dilution) if that is even the case makes my stomach more sick. Where is this board gonna go by then? I really hope this company does something positive for us soon. No matter how you look at it, this wait is becoming ridiculous. So many people I know have put money into this stock that have asked for my advice. It has really become hard to keep telling them to be patient. I have spoken to Les, he was very kind. The thing is he really can't say anything to you that is not public. I actually ended up a little more frustrated because of it. I am not even sure what the point of this post is. I am just sitting here while my (4) girls are sewing clothes with my wife. I guess I just feel the anxiety building up and I needed to let out some of the negative energy I was feeling. I just really hope we hear something material in the next few weeks. These negative theories are just too much to read and there is only one way they are going to stop. That is for the company to prove them wrong. Thx for letting me vent:)
TC_Trader 08/06/16 10:08 PM #68809 RE: hopefulsurgonc #68808 I too have a lot of Jan 2017 calls. We will need a miracle for those to pay off.
Chiugray 08/06/16 10:39 PM #68811 RE: hopefulsurgonc #68808 Hopefulsurgonc, Watch The Big Short movie, particularly Michael Burry played by Christian Bale. Due diligence, perseverance, and waiting it out was the theme for him to do well for himself and his investors.
Secondary consolation, some of my shares I buy now, I plan to hold until $10-$20/sh, the rest long term. That means shorts don't have those shares to cover when news comes out. When the price was $6 or $7/ sh, my impact in this area was negligible. Now it will be more impactful, if NWBO trials go as I foresee. I think many longs buying now are "hardened" longs who see the "go big or go home" vision and will hold the large majority of their shares above $20/sh, my guess as that is my plan. Shorts will have a limited way to cover, imho.
Do Due Dilligence 08/07/16 12:37 AM #68818 RE: hopefulsurgonc #68808 I would never invest in options unless 2 conditions are met :
_I'm sure there is binary event coming very soon, ideally the day following my purchase _Implied volatility is much undervalued regarding potential gain after binary event.
I don't know what is the strike on your options, if it is $1 then no worries, even management which is usually quite silent seemed confident to meet Nasdaq $1 requirement before December. If it is $10 then it is still not all lost but then if patients don't have progression it can delay results and that would be for a good reason, that is the problem with options, you can lose all money in them even if you are right on price direction. That is why I stick with common stock, if results come a bit late no worries I will still be fully invested.
chinatown1980 WAS AKA as Ready4BlueSkies: LOST IT ALL courtesy of FLOPPER & Sentiment 08/07/16 12:46 AM #68819 RE: hopefulsurgonc #68808 I feel your pain, same boat. I believed in the science based on the results that were published (I'm sure I will be ridiculed by some for that) but the data really did sound promising. There's still a chance something good will come from the science, but the silence and dilution have been devastating. I just want to know I didn't invest in a total scam. I keep searching for some confirmation that management isn't completely incompetent. Their inaction to defend the company or inform investors about what is happening has created serious doubt in my mind about their intentions and abilities.
I really try hard not to give advice because none of us really know what is going to happen here. Take what I'm about to say with a grain of salt because there's a good chance we see more downside. If your cost basis is much higher like mine, it doesn't make sense to sell out at almost a 100% loss until the status of the Phase 3 becomes known. I have been long all the way down, although I had a feeling I needed to sell much higher. I'm riding it out. Might kick myself later for that, we'll see.
The options are tough. With the dilution, they probably don't have time to come good, barring a miracle. I own some too.. Hang in. Let's hope we learn our fate (good or bad) soon. The waiting and silence as the stock evaporates is almost worse than just getting bad news, dealing with it, and moving on. I have never experienced anything like this, but everything in life offers some kind of value. Even if it is in the form of a tough lesson. GL
maverick_1 08/07/16 1:44 AM #68823 RE: hopefulsurgonc #68808 As I was reading of your financial plight and surely how nerve wracking it has been upon you and your loved ones, I was crying! And I just read Do Due Diligence's reply and I've stated when the topic arose I never would approach buying a biotech with options because as I stated, the area is high risk ALREADY and to buy/ or convert one's shares to leaps adds extreme high risk. My sense as to how this evolved is clearly your experience as a practitioner at UCLA and what Dr. Pat Soon Shing: you are referring to the wealthiest individual in LA area courtesy of his incredibly gifted talents: He performed the world's first full pancreas transplant in 1987 to selling two startups companies for ~$7 Bln after his UCLA stint to setting up a handful of co's and doing the biggest biotech IPO NantKwest and leading the Cancer Moonshot 2020 initiative, with the goal of finding immunotherapy solutions for cancer. "https://en.wikipedia.org/wiki/Patrick_Soon-Shiong.
And my inference here is that you saw such success directly and indirectly with DCVAX that you decided to not only mortgage your home but also probably asked your "stockbroker" how do I expand my common share position and that's how he likely introduced you to your "longer dated?"LEAPS" which an experienced individual said With the time to expiration issue and if you are not dead on with your prediction of the underlying ... more often than not, your capital in the trade will be wiped out due to being wrong .. and a lot of times ... if you are out of, or at the money ... OP option pain will eat you up too. Forgive me for this reading and please correct if inaccurate. Unlike those handful of tormenting posters who truly are like vultures it's all about tearing/wearing the poster down a la AFraudstein style, I will HELP and hopefully provide you with more than solace as I have consistently done.. contrary to those despicable lo life heathens of the highest order still in our midst. I'll contact you.
longfellow95 08/07/16 5:37 AM #68826 RE: hopefulsurgonc #68808 Hi hopefulsurgonc
I think many of self-censor to some degree regarding what we are prepared to say on the board, so your post was actually a breath of fresh air; somebody who is actually prepared to say how it is for them personally. More power to you for doing so. Appreciated your post.
Thank you also to China for 68808.
GLTA.
iwasadiver Greg Zivic EMD 08/07/16 10:33 AM #68834 RE: hopefulsurgonc #68808 Hey, I know this is painful but we've been through enough stuff to know how to hang in there; pre-med, all those tests making us feel nuts, med school, more f****ing tests, getting a residency, the hell of residency, graduating residency, more tests, etc., etc., etc. I've been investing at these bottom-ish prices while at the same time taking every bit of extra cash and paying down some debt I haven't considered to be necessary because I want to keep investing in NWBO.
I firmly believe they're deliberately staying silent for a very, very good reason because I know that Linda Powers and Les Goldman are not crooks in any way, shape, or form, and that those that call them that are mean spirited, dissatisfied, and angry people or they have ulterior motives. The fact they've stayed quiet in spite of all the impassioned criticism regarding it tells me they've got something up their sleeve. Hang in there man.
DoGood_DoWell 08/07/16 11:56 AM #68835 RE: hopefulsurgonc #68808 Thanks for sharing. I am in a prayer group and we are going to say a specific prayer for you and that your dedication to your patients is rewarded and that they will soon have a therapy (DC Vax) that is safe and effective. Your willingness to risk your own assets on behalf of your patients whom you are obviously very dedicated to and the way you stand behind your beliefs says a lot about you.
I will also pray that you continue to have faith and strength and that the truth behind what has occurred over the past 16 months will be revealed soon, and that this truth will validate your beliefs. Thanks for being there and sharing your expert experience and opinions.
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