NorthWest Biotherapeutics Inc (NWBO)

[Horseb4CarT]

The word formulaically has been challenging me, however after reading your highlighted comments again, is the judge saying:

1. 39 instances of spoofing have been sufficiently alleged to show causation and are not too far apart in time between cause and effect

2. Formulaically show how the sales prices relate to the days closing prices?

A. Wouldn’t loss be more like the difference between the higher prices before the spoofing incidents and the lower sales prices resulting from the spoofing incidents? In the case of May 10th the massive drop in share price despite good news (the attack allegedly starting even before the news was shared) was quite evident.

B. The only thing I can think of is that the sales prices would be closer to presumably (but not always) lower closing prices?