Well said! Personally, I may be wrong I don't think the market is counting on a huge settlement. So I don't think the market will sell NWBO off if they only agree to a smallish settlement. For one thing, I strongly doubt NWBO will accept anything really small. For another even say $100M would still be a very nice improvement to our balance sheet and only somebody who was sure we'd get a much bigger settlement is likely to be deeply disappointed in that, as far as I can imagine.
In any case a settlement in the near term is a real wild card. Possible but how probable nobody can know, certainly not anybody who is now buying shares at increasing prices. The whole drying up of buying that dropped us into the .40s followed by very nice continuing strong buying through Friday has been so volatile that it's a pretty mind-blowing. With the only known news beyond the timeline given for filing the MAA being LL joining the SAB, which has been followed by such enthusiastic continuing buying makes me think that LL officially and very clearly 'throwing her hat in the ring' in a sense by formally joining NWBOs team has strongly altered the market's confidence and handicapping the likelihood of the MAA being accepted with no serious issues or delays. It's surprising but that move by LL may have seriously changed the odds for buyers on the bet of NWBO getting the all-important MAA approval.
To me, the LL news is all that is known as a fact, hence I have to think that is what has changed market sentiment so much. Any other possible positive developments such as settling with the MMs, some deal to finance and go ahead with combination trials etc maybe be possible and super positive, but I think it's impossible for anybody to handicap the odds on any of those things happening. That's just my .02 for whatever it's worth as we head into what I hope is another very pleasant week being long NWBO. I'd be interested in hearing what others think guess what's driven these huge moves in the stock. It's fascinating. The drop was so disappointing, but I guess we can say that the continuing bounce is that much sweeter for reversing from so far down. Very surprising, very nice and I hope it still has strong legs!
