NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

I agree with you Ex, but I've seen companies where they determined that a $1 million payment had become so normal it no longer was material. My point is, the company is largely capable of defining what material is to them. If the approval, which carries no cash value, isn't material because they want to do certain things before it's announced, they probably can. Of course, the UK issues their list roughly bi-monthly as I remember it, so they can't keep it secret very long.

I frankly wish material were better defined by the SEC, but it isn't. That said, years ago when Martha Steward was caught for insider trading, the company had to issue information on being turned down by the FDA, that's being taken as material. The same should apply to an approval. Of course, that's the US, the UK may consider their announcement as when it's official and perhaps nothing need be announced before they do it. Does anyone know for certain.

Gary