Nonsense. Advent is a contractor. They may buy it as a courtesy. They do not need to buy advent. There is no IP, nothing critical in advent that is not transferred when they buy NWBo. You do not understand corporate affairs or buyouts if you think that is the case. Contractual rights travel to the buyer. All of advents obligations flow to the acquiring company. Period. Advent has no other significant clients and is under contract to manage Sawston. They get Sawston when they buy NWBO and they get all of Advent’s obligations.
I have dealt with this issue for fortune 100 and smaller companies thousands of times in my career. What I just told you is the basic circumstance. And a buyer would certainly be sure of that before they bought NWBO regardless.
This noise shorts make is about the largest pile if crap you’ll see and is meant to deceive retail. Generally I couch my statements in “I believe”… this is not one of those instances. What I said is basic. Basic, basic basic. Anyone saying otherwise is not experienced in buyouts. There are circumstances where parties agree to terminate outstanding contracts, or parties do not want to have a contract with a following party. Typically that will be where the buyer is of a lower credit value, and usually those parties are banks. Those contracts just like the NWBO contract with Advent are terminable at will, but as I said, a buyer would in fact work those details out with NWBO before a buyout if it was critical. However, a buyer would likely plan to sell Sawston and potentially build their own facility, so that manufacturing might only be required for a transition period anyway.
Advent is a modular provider of services and that is how the CDMO business works. They do a phenomenal job and I do not say this because I want snitching other than prosperity and security going forward, but short nonsense is constantly and wrongly describing situations to deceive retail.
There is no apparent looting going on. This was previously raised with the SEC by shorts and was not found to be the case. Nothing has changed except the provider. Even the contract is based on the same contract. And if shorts thought otherwise they have a remedy even if we all know they’d end up in the same place and be seen for the harassing parties that they in fact are.
I own NWBO. My posts on iHub are always posted expressly as just my humble opinion (IMHO) and none are advice, just my opinion. I am NOT a financial advisor, and it is assumed that everyone is responsible for their own due diligence.
