If this is completely correct, approval could come on virtually any day over the next few months. I believe that others have shown that some UK approvals have come in as little as 3 months so we're now officially in that window. Could you imagine what would happen to shorts if virtually any market day the company announced UK approval. I'm uncertain if they would announce mid day, or before the bell after they know, but regardless, I believe based on current share price trading would be halted based on an imbalance in orders and when trading resumed the price would be more than a double, perhaps even 4 to 5 times the current price when it opens.
Perhaps this wouldn't have happened if the share price wasn't manipulated so low, but the reality is, it was, and now anyone still short the stock is in for a rude awakening. The short squeeze itself will send the share price higher than without it, but such prices won't be sustained unless other positive news comes on the back of UK approval, and that certainly is possible.
I believe that as soon as approval is announced the company will announce either a webcast to discuss it, or schedule an Annual Meeting, which I believe they must allow at least a couple weeks, they might very well do both. It's possible a webcast is announced with the announcement of an approval and trading could be halted until after the webcast if it were scheduled before or shortly after the market open.
Personally I'd love to see an announcement after the close, as someone living on the West coast I rarely awaken at the open. I'd like to be awake and listening in on the day approval is announced. Of course it would also be a thrill to wake up to say a price of $2 or more a few hours into the market day, I'll take it either way. I believe after the company is notified, be it good or bad news, they have some discretion on how they announce it within some limited number of hours. I would hope that the company already has a plan of action for how they'll keep NWBO in the news after approval has been announced.
Gary
